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Impact Of Increasing Households On The Kitchen Faucets Market: Transformative Forces Shaping the Kitchen Faucets Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Kitchen Faucets Industry Market Size Be by 2025?
Recent years have seen a significant increase in the kitchen faucets market size. It is projected to rise from $6.93 billion in 2024 to reach $7.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. The growth observed in the past years is credited to factors such as increased disposable income, the expansion of e-commerce, stringent government regulations, the advent of smart faucets, and a surge in demand from the residential sector.
What's the Long-Term Growth Forecast for the Kitchen Faucets Market Size Through 2029?
In the coming years, the market size for kitchen faucets is predicted to experience robust growth. It's projected to escalate to $9.94 billion by 2029, with a cumulative annual growth rate (CAGR) of 7.6%. The anticipated growth within the forecast period is attributed to factors like consumer preferences, government policies, the rising adoption of pull-out and pull-down faucets, advancements in smart home technology, and rising investments by manufacturers. Upcoming trends within the forecast period encompass the incorporation of touchless functionalities, adjustable water flow, integration with smart home systems, personalization capabilities, and smart faucet integration.
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What Are the Key Growth Drivers Fueling the Kitchen Faucets Market Expansion?
The growth of the kitchen faucets market is set to be fueled by an uptick in the number of households. Whether it's families, single occupants or shared living arrangements, the term households refers to individual persons or groups residing in one residence. The vibrancy of the household sector is directly linked to factors like consistent population growth, which increases the need for homes, and urban migration for improved job prospects and quality of life. Given the indispensable need for kitchen faucets in households, their usage is inevitable for cooking, cleaning or dishwashing. The Australian Bureau of Statistics, a government agency based in Australia, stated in June 2024 that by 2046, Australia may witness a jump in households from 10.0 million in 2021 to between 13.3 million and 13.9 million. This significant rise in households is believed to be a significant driver in the expansion of the kitchen faucets market.
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Which Fast-Growing Trends Are Poised to Disrupt the Kitchen Faucets Market?
Leading businesses in the kitchen faucet industry are channeling their efforts toward the creation of next-generation, innovative products like touchless faucet systems to align with the changing consumer demand for hygiene and ease of use. Touchless faucet technology involves advanced features where faucets are equipped with sensors that can detect motion or immediate presence, enabling users to control the water flow without physically touching the faucet handle. For instance, in December 2023, Delta Faucet Company, a U.S.-based organization that specializes in creating quality plumbing fixtures and materials, introduced their latest product, Touch2O with Touchless Technology. This lets users operate the faucet by lightly touching it or simply placing their hand close to it. This revolutionary attribute offers comfort and hygiene for kitchen and bathroom faucets. By minimizing direct physical contact with the faucet handle, it helps prevent the spread of bacteria and germs.
How Is the Kitchen Faucets Market Segmented?
The kitchen faucetsmarket covered in this report is segmented -
1) By Type: Pull Out Faucets, Pull Down Faucets, Single Hand Faucets, Dual-Handle Faucets, Separate Spray Faucets, Pot Filler Faucets, Motion Detection Faucets, Other Types
2) By Material Type: Chrome, Stainless Steel, Bronze, Plastic, Other Materials
3) By Installation Type: Wall Mount, Deck Mount
4) By Distribution Channel: Online, Offline
5) By End-Use: Residential, Commercial
Subsegments:
1) By Pull Out Faucets: Spring Neck Pull Out Faucets, Standard Pull Out Faucets
2) By Pull Down Faucets: High Arc Pull Down Faucets, Low Arc Pull Down Faucets
3) By Single Handle Faucets: Single Lever Handle Faucets, Single Knob Handle Faucets
4) By Dual-Handle Faucets: Traditional Dual-Handle Faucets, Modern Dual-Handle Faucets
5) By Separate Spray Faucets: Side Spray Faucets, Separate Pull-Out Spray Faucets
6) By Pot Filler Faucets: Wall-Mounted Pot Fillers, Deck-Mounted Pot Fillers
7) By Motion Detection Faucets: Touchless Motion Detection Faucets, Infrared Motion Detection Faucets
8) By Other Types: Bridge Faucets, Commercial Style Faucets
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Which Companies Are Leading the Charge in Kitchen Faucets Market Innovation?
Major companies operating in the kitchen faucets market are Lixil Group Corporation, Kohler Co., Toto Ltd., American Standard Brands, Grohe AG, Moen Incorporated, Hansgrohe SE, Villeroy & Boch AG, Masco Corporation, Elkay Manufacturing Company, Delta Faucet Company, Globe Union Industrial Corp., Pfister, Dornbracht GmbH & Co. KG, Chicago Faucets, House of Rohl, GESSI S.p.A., Kludi GmbH & Co. KG, VIGO Industries LLC, Matco-Norca, Roca Sanitario S.A., La Toscana, INAX Corporation, Waterstone Faucets
Which Regions Are Leading the Global Kitchen Faucets Market in Revenue?
North America was the largest region in the kitchen faucets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kitchen faucets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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