Plumbing Fixtures Market: 4.41% CAGR Expected
Evolve Business Intelligence has published a research report on the Global Plumbing Fixtures market, 2021–2034. The global Plumbing Fixtures market is projected to exhibit a CAGR of around 6.45% during the forecast period of 2021 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Plumbing Fixtures market: Kohler Co., Moen Inc., Delta Faucet Company, American Standard Brands, Grohe AG, Hansgrohe SE, TOTO Ltd., Jacuzzi Brands LLC, Bradley Corporation and Pfister.
More Information: https://evolvebi.com/report/plumbing-fixtures-market-analysis/
Market Highlights
The Global Plumbing Fixtures market is projected to be valued at USD 210.21 Billion by 2034, recording a CAGR of around 6.45% during the forecast period. The Plumbing Fixtures market encompasses the segment of the construction industry that deals with products and equipment used in plumbing systems. This includes fixtures designed for the distribution of water and the removal of wastewater.
The plumbing fixtures market plays a crucial role in providing essential water supply and waste removal services within buildings. The Plumbing Fixtures market is driven by factors like residential and commercial construction activities, renovation projects, and advancements in plumbing technology.
Segmental Analysis
The global Plumbing Fixtures market has been segmented based on Kitchen Fixtures, Fixture Type and End User.
Based on Kitchen Fixtures, the Plumbing Fixtures market is segmented into Sink, Faucets and Others. The Faucets segment is anticipated to dominate the market.
Based on Fixture Type, the Plumbing Fixtures market is segmented into Bathtubs, Showerheads, Faucets, Toilets and Others. The Toilets segment is anticipated to dominate the market.
Based on End User, the global Plumbing Fixtures market has been divided into Residential, Non-residential and Others. The Residential segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/plumbing-fixtures-market-analysis/
Regional Analysis
The Plumbing Fixtures market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. In North America region, countries like United States and Canada market is driven by strong construction activity, a focus on water conservation, and advancements in smart plumbing technologies. High demand for both residential and commercial fixtures support growth, with a trend towards premium and innovative products. In Europe region, Countries like Germany, the UK, and France see high demand for water-saving and energy-efficient plumbing fixtures due to stringent environmental regulations and a focus on sustainability. The market is also influenced by high standards in design and innovation. In Asia-Pacific region, China and India had rapid urbanization and industrialization drive significant growth in the plumbing fixtures market. There is a strong demand for affordable and durable fixtures due to extensive residential and commercial construction projects. In Latin America region, Brazil and Mexico market is growing due to increasing construction activities, urbanization, and a rising middle class. There is a demand for both cost-effective and high-quality fixtures and In Middle East and Africa region, rapid urban development, especially in countries like the UAE and Saudi Arabia, drives demand for modern and luxury plumbing fixtures. There is a focus on high-end and water-efficient products and Growth is more gradual, with opportunities in emerging markets driven by infrastructure projects and rising living standards. Demand varies widely across different countries.
