The global Faucet market size is expected to be worth around US$ 40.1 billion by 2030, according to a new report by Vision Research Reports.
The global Faucet market size was valued at US$ 20.3 billion in 2020 and is anticipated to grow at a CAGR of 7.8% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 40.1 Billion by 2030 |
| Growth Rate | CAGR of 7.8% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | End-user, Application, Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Kohler Co., Kraus, USA, American Standard Brands, GROHE America Inc., Pfister, Delta Faucet Company, Moen Incorporated, Aqua Source Faucet |
Growth Factors
Rapid growth of the bathroom fittings industry is presenting lucrative opportunities for faucets as a result of the rising demand for modernized bathrooms and kitchens. Additionally, the increasing prominence of multi-functionality features on plumbing fixtures, with due importance given to aesthetic appeal is boosting demand for a variety of faucets in the market.
Increasing spending on home improvement projects or home remodeling is also boosting the application demand. The need for water conservation measures is also resulting in the greater penetration of new and efficient faucets across applications.
By End-user Analysis
In terms of value, the commercial segment dominated the market and accounted for the largest revenue share of 58.1% in 2020. By the end of 2030, this segment is expected to account for a total market share of 57.5% and is also expected to witness the fastest CAGR of 8.0% over the forecast period.
The residential sector of the market has a high spending potential from young house owners in affordable markets. The increasing number of millennials buying homes, particularly pre-owned homes, is fueling the demand for plumbing fixtures.
By Distribution Channel Analysis
In terms of distribution channels, the offline segment dominated the market and accounted for the largest revenue share of 89.61% in 2020. Also, the segment is projected to witness a CAGR of 7.8% over the forecasted period, thereby reaching a value of USD 28,502.1 million by 2030.
The brick and mortar segment is the most preferred distribution channel due to their provision of detailed instructions about installation by application specialists.
The online segment is projected to be the fastest-growing segment in the market and was valued at USD 3,078.5 million in 2020. Also, the segment is expected to witness a CAGR of 8.1% over the forecast period, thereby reaching a value of USD 4,622.3 million by 2030.
By Application Analysis
In terms of application, the bathrooms segment dominated the market and accounted for the largest revenue share of 43.2% in 2020. Also, the segment is projected to witness a CAGR of 7.9% over the forecasted period, thereby reaching a value of USD 14.2 billion by 2030.
The demand for faucets for bathroom applications is driven by the growing hospitality industry along with the rising real estate sector on a global level. The growing leisure and hospitality sector is the primary factor to fuel the demand for bathroom accessories worldwide.
The kitchen segment is projected to be the fastest-growing segment in the market and was valued at USD 7,156.0 million in 2020. Also, the segment is expected to witness a CAGR of 8.2% over the forecast period, thereby reaching a value of USD 11,697.3 million by 2030.
Increasing spending on home remodeling is driving the demand for kitchen faucets. The growth is attributed to the rising demand for elegant, multifunctional, and sophisticated kitchen faucets.
By Regional Analysis
North America held the largest revenue share of 27.6% in 2020. The market growth is mainly attributed to the increased spending on residential renovations and repairs by people across North America.
Asia Pacific is expected to witness a CAGR of 8.5% over the forecast period. The growth of the market is mainly attributed to the increased spending on residential renovations and repairs by people across North America.
Key Players
- Kohler Co.
- Kraus, USA
- American Standard Brands
- GROHE America Inc.
- Pfister
- Delta Faucet Company
- Moen Incorporated
- Aqua Source Faucet
Market Segmentation
- By End-user
- Residential
- Commercial
- By Application
- Bathroom
- Kitchen
- Others
- By Distribution Channel
- Online
- Offline
- Regional
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa (MEA)
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Faucet Market, By End-user
7.1. Faucet Market, by End-user, 2021-2030
7.1.1. Residential
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Commercial
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Faucet Market, By Application
8.1. Faucet Market, by Application, 2021-2030
8.1.1. Bathroom
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Kitchen
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Faucet Market, By Distribution Channel
9.1. Faucet Market, by Distribution Channel, 2021-2030
9.1.1. Online
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Offline
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Faucet Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by End-user (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by End-user (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by End-user (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by End-user (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by End-user (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by End-user (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by End-user (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by End-user (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by End-user (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by End-user (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by End-user (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by End-user (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by End-user (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by End-user (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by End-user (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by End-user (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by End-user (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by End-user (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by End-user (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by End-user (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by End-user (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 11. Company Profiles
11.1. Kohler Co.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Kraus, USA
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. American Standard Brands
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. GROHE America Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Pfister
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Delta Faucet Company
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Moen Incorporated
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Aqua Source Faucet
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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