Global Plumbing Fixtures And Fittings Market Size, By Fixture Type (Bathroom Fixtures and Kitchen Fixtures), By Application (Residential and Non-residential) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Market Competition Scenario & Outlook, 2016-2026
- Published Date: September 2020
- Report ID: BWC20147
- Available Format: PDF
- Page: 175
Global Plumbing Fixtures & Fittings Market Size - Industry Trends & Outlook Report 2026
Global Plumbing Fixtures & Fittings Market is estimated to be USD 39.17 billion by 2026 from USD 26.5 billion in 2019, at a CAGR of 5.74 % from 2020 to 2026. High investment in infrastructure facilities, growing investment in smart homes and buildings, and a rise in disposable income can fuel the plumbing fixtures market development. Moreover, an increase in construction facilities in countries of Asia-Pacific is likely to drive market growth. The outline of various new systems comprising water-efficient systems is expected to create lucrative opportunities in the plumbing fixtures market.
Global Plumbing Fixtures & Fittings Market
Outlook and Trends
Plumbing fixtures are the primary constituents used for numerous domestic and commercial purposes, such as bathing, cleaning, washing, and others. Components of plumbing fixtures include sink faucets, hand showers, showerheads, bath spouts, and valves. The plumbing fixtures & Fittings market portrays a highly competitive vendor landscape due to the presence of new players and well-established companies. Most players are concentrating on refining their product quality and facilitating product upgrades. They are also seeking mergers & acquisitions and partnerships to improve their stance in the plumbing fixtures & fittings market. The arrival of eco-friendly plumbing solutions will be one of the critical plumbing fixtures and fitting market drifts that will advance traction over the forecast period. Eco-friendly plumbing solutions provide superior performance and help consumers save money, diminishing the carbon footprint, and preventing the wastage of water and energy.
Heavy Investments in Smart Homes
Due to the inclination of consumers to spend on numerous construction activities and home renovations, the market for plumbing fixtures is probable to raise at a faster pace. Bathroom makeovers and willingness to spend on excellent fixtures such as showerheads and faucets supports the overall plumbing fixtures market development.
High Investment in Infrastructure Facilities
Rising demand for plumbing fixtures and fittings to shape an actual water distribution system and wastewater management are other factors expected to fuel growth of the target market. Furthermore, the growing number of renovation operations amid commercial and residential sectors is an added factor anticipated to maintain the global market's revenue growth.
High Cost of Raw Materials
The raw materials used in plumbing fixtures are projected to vary from time to time. The fixtures must follow to certification and standardization to confirm safety and security. Moreover, the strict regulations imposed on the quality of material such as lead, tin, and nickel to be used in the bathroom and kitchen fixtures are likely to obstruct the market growth.
Impact of COVID-19 in industry
The COVID-19 pandemic has made the effect on the Global Plumbing Fixtures & Fittings market. Due to this virus, many companies in the Plumbing Fixtures & Fittings market are forced to halt their manufacturing and production operations. This break in proceedings of the business operations is directly influencing the revenue flow of the Plumbing Fixtures & Fittings market. An unusual period in history, the coronavirus pandemic has unchecked a series of unprecedented events disturbing every industry. The Bathroom Fixtures & Fittings market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Remaining on top of trends and precise analysis is vital now more than ever to manage doubt, change and uninterruptedly adapt to new and developing market conditions.
Global Plumbing Fixtures & Fittings Market: Segmentation
Based on product type segments, the bathroom and shower fixtures & fittings section is expected to account for crucial shares of the worldwide market in terms of income, which can be credited to increasing makeover activities amid households well as commercial buildings.
Among the application segments, the non-residential segment is expected to record substantial growth due to high requests for plumbing fixtures and fittings amid many end-user applications such as restaurants, hotels, and other commercial buildings for the excellent functioning of sewage and drainage systems.
Geographically, the Global Plumbing Fixtures & Fittings Market has been divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Global Plumbing Fixtures & Fittings Market: Regional Insights
The Asia Pacific market is probable to dominate the plumbing fixtures and fittings market and continue its supremacy over the estimated period because of rising construction activities globally. Besides, increasing demand for better homes with necessities such as clean water, proper sewage system, etc., and increasing population in emerging countries such as India and China may drive the demand for plumbing fixtures and fittings. These are some added factors likely to fuel the demand for plumbing fixtures and fittings, which in turn, consequential in developing the target market in the region. The plumbing fixtures and fittings market in North America is predictable to list substantial growth due to growing remodeling activities among households coupled with high disposable income.
The leading players in the Plumbing Fixtures & Fittings Market include Geberit AG (Switzerland), Fortune Brands Home & Security, Inc. (US), LIXIL Group Corporation (Japan), Masco Corporation (US), TOTO LTD (Japan), Roca Sanitario, S.A. (Spain), GWA Group Limited (Australia), Elkay Manufacturing Company (US), Kohler Co. (US), Hindware Homes (India) and other prominent players.
Ø April 2019, GWA Group Limited completed the acquisition of Methven Limited, a leading taps and showers innovator based in New Zealand.
Scope of the Report
Historical data – 2016-2018
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia .
By Product Type, By Application and By Region
Geberit AG (Switzerland), Fortune Brands Home & Security, Inc. (US), LIXIL Group Corporation (Japan), Masco Corporation (US), TOTO LTD (Japan), Roca Sanitario, S.A. (Spain), GWA Group Limited (Australia), Elkay Manufacturing Company (US), Kohler Co. (US), Hindware Homes (India) and other prominent players
By Product Type
Ø Bathroom Fixtures
Ø Kitchen Fixtures
Ø Non- Residential
Ø North America
Ø Asia Pacific
Ø South America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and estimate the Global Plumbing Fixtures & Fittings Market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global Plumbing Fixtures & Fittings Market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.
Ø To outline, categorize and project the Global Plumbing Fixtures & Fittings Market based on Product Type, Application and Region.
Ø To examine competitive developments in product and applications across different regions within the Global Plumbing Fixtures & Fittings Market.
Ø To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.
Business Questions Answered by the Report:
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect the existing and new players?
Customization Scope for the Client:
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
- Global Safety Data Sheet (SDS) Management Market Outlook, Insights, Growth Opportunity by 2020-2026
- 3D Printing Market - 2025 | By Market Growth, Demands, Opportunity and Forecast
- Global Fragrance Ingredients Market Size, Share and Demand Forecast to 2025
- Global LED Lighting Market Growth by 2018-2025 | BlueWeave Consulting
- India Interior Design Market Size, Share & Forecast 2027 | BlueWeave
WHY CHOOSE US
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
We never share your personal and confidential information. Your personal information is safe and secure with us.