Press release
Soaring Faucet Market: Harnessing Growth of $46.25 billion by 2025 at 9.1% CAGR Influenced by Urbanization and Trending Smart Home Integration
Faucet Market Size
What Is The Projected Market Size Of The Global Faucet Market And Its Growth Rate?
The growth of the global faucet market has been steadfast over the past few years. Here is a glimpse of its market size and growth rate:
• The market witnessed growth from $42.41 billion in 2024 to $46.25 billion in 2025, at a compound annual growth rate (CAGR) of 9.1%.
• Factors influencing the historical period growth include the housing boom, water conservation measures, trends in home renovations, economic factors, and the globalization of markets.
• The faucet market is projected to accelerate and reach $69.71 billion in 2029, growing at a CAGR of 10.8%.
• Growth drivers for the forecast period include smart home integration, sustainability initiatives, changing consumer lifestyles, as well as health, hygiene, and urbanization trends.
What Is Driving The Growth In The Faucet Market?
The surge in global urbanization is a significant driver propelling the faucet market growth. As more people migrate from rural to urban areas in search of work and a better standard of living, there is a corresponding increase in the demand for housing and commercial infrastructures. This soaring urbanization boosts the demand for faucets. According to the United Nations Department of Economic and Social Affairs, by 2050, 68% of the world's population is expected to be urban dwellers, with the most substantial increase evident in Africa and Asian regions. This growth in urbanization will increase the demand for high-end residential and commercial buildings in developing nations, lifting the demand for premium bathroom and kitchen accessories such as automated or sensor faucets.
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Who Are the Key Players Driving Faucet Market Growth?
The key players driving the faucet market growth include:
• Kyocera Corporation
• Colston Bath Ltd.
• LIXIL Group Corporation
• Fortune Brands Home & Security Inc.
• Kohler Co.
• TOTO Ltd.
• American Standard Brands Inc.
• Eczacibasi Holding A.S.
• Danze Inc.
• Hansgrohe SE
• Moen Incorporated
• Villeroy & Boch AG
• Jaquar Group
• Globe Union Industrial Corp.
• Elkay Manufacturing Company
• Delta Faucet Company a Masco Corporation
• Hindware Industries Limited
• Pfister Faucets Inc.
• Sloan Valve Company
• CERA Sanitaryware Ltd.
• Franke Holding AG
• Gerber Plumbing Fixtures LLC
• Kerovit S.A.
• Aqua Source Faucet LLC
• Paini UK Ltd.
• Lota Group
• Roca Sanitario S.A.
• Kraus Inc.
• Waterstone Products Inc.
What Are The Key Trends In The Faucet Market?
The upcoming trends in the faucet market include:
• Technological innovations and advancements
• Smart faucet integration
• Sustainable and eco-friendly designs
• Customization and personalization of faucets
What Are The Segments Of The Global Faucet Market?
The global faucet market is segmented by
1) Product Type: Electronic, Manual
2) Material: Metal, Plastics
3) Technology: Cartridge, Compression, Ceramic Disc, Ball
4) Application: Bathroom, Kitchen, Other Applications
5) End User: Residential, Commercial
Which Region Leads The Faucet Market?
North America led the global faucet market in 2024, while the Asia-Pacific region is expected to be the fastest-growing region in the forecast period. The faucet market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Faucet Market Global Market Report?
- Market Size Analysis: Analyze the Faucet Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Faucet Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Faucet Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Faucet Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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