According to the latest report by IMARC Group, titled “Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global faucet market to grow at a CAGR of 9.3% during 2021-2026.
A faucet is a plumbing fixture that regulates the liquid or gas flow from a reservoir. It is generally manufactured using brass, steel, die-cast zinc, and chrome-plated plastic and comprises of handle, cartridge, spout, mixing chamber, aerator, and an inlet source. Few common types of faucets are pull-down, pull-out, hands-free, bar, pot, and side spray faucets. Additionally, single and dual control cartridge faucets are often used for residential applications. Single control faucet has a metal or plastic core operating vertically, and the dual control variants consist of a metal ball with spring-loaded rubber seals fitted into the body. These faucets are available in a different range of colors, styles, and finishing, which are customizable as per the user’s requirement.
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Market Trends:
Rapid urbanization, coupled with the growing number of modern housing projects, is driving the market for faucets. Improving consumer living standards are augmenting the demand for luxurious and ergonomically-designed faucets. Additionally, several product innovations have led to the advent of touch-free, digital, and hybrid smart faucets equipped with efficiency sensors and temperature gauges. The growing number of promotional activities, along with the increasing sales of faucets across online retail channels offering wide product varieties is also bolstering the market growth.
Faucet Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- American Standard Brands (Lixil Group)
- Colston Bath
- Delta Faucet Company (Masco Corporation)
- Franke Holding AG (Artemis Holding AG)
- Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
- Grohe America Inc.
- Jaquar
- Kohler Co.
- Moen Incorporated (Fortune Brands Home & Security Inc.)
- Toto Ltd.
- Villeroy & Boch Aktiengesellschaft
The report has segmented the market on the basis of type, application, technology, materials, distribution channel, end user and region.
Breakup by Type:
- One Hand Mixer
- Two Hand Mixer
- Others
Breakup by Application:
- Bathroom
- Kitchen
- Others
Breakup by Technology:
- Cartridge
- Compression
- Ceramic Disc
- Ball
Breakup by Materials:
- Metal
- Plastics
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Residential
- Commercial
- Industrial
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/faucet-market
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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