DUBLIN–(BUSINESS WIRE)–The “Plumbing Fittings and Fixtures – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Plumbing Fittings and Fixtures estimated at US$81.8 Billion in the year 2020, is projected to reach a revised size of US$106.4 Billion by 2026, growing at a CAGR of 4.4% over the analysis period.
Bathroom Fixtures & Fittings, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$53.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Kitchen & Sink Fixtures & Fittings segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.8 Billion in 2021, While China is Forecast to Reach $28.8 Billion by 2026
The Plumbing Fittings and Fixtures market in the U.S. is estimated at US$17.8 Billion in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of US$28.8 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Higher emphasis on personal hygiene and cleanliness, and new building projects along with renovation programs contribute significantly to plumbing fittings & fixtures demand in the US. Rapid pace of industrialization, sustained increase in manufacturing/industrial activity, economic growth, improving living standards, and increase in discretionary spends, along with rising construction activity spur growth in the Asia-Pacific region.
Select Competitors (Total 374 Featured) –
- American Bath Group
- MAAX Bath Inc.
- Asahi Eito Co., Ltd.
- Cera Sanitaryware Ltd.
- Elkay Manufacturing Company
- Geberit AG
- Hindustan Sanitaryware & Industries Ltd.
- Ideal Standard International
- Jacuzzi, Inc.
- Jaquar and Company Pvt. Ltd.
- Kohler Co.
- LIXIL Corporation
- American Standard Brands
- Grohe AG
- Masco Corporation
- Moen Incorporated
- Roca Sanitario S.A
- Roca UK
- Roca Bathroom Products Pvt., Ltd.
- Spectrum Brands Incorporated
- Toto Ltd.
- Villeroy & Boch
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
- Global Construction Spending (in US$ Trillion) for the Years 2019, 2020 & 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
- Plumbing Fittings and Fixtures – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Plumbing Fittings and Fixtures: A Prelude
- Growth Drivers for Plumbing Fittings & Fixtures: On a Scale 1 – 10 (10 – High Impact; 1 – Low Impact)
- Growth Dampeners for Plumbing Fittings & Fixtures: On a Scale 1 – 10 (10 – High Impact; 1 – Low Impact)
- Types of Plumbing Fittings and Fixtures
- Plumbing Fittings
- Plumbing Fixtures
- Asia-Pacific: The Dominant Market
- China: A Major Market
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Touchless Solutions Gain Interest Amid the COVID-19 Pandemic
- Residential Sector Remains a Significant Market
- Global Plumbing Fittings and Fixtures Market by End-Use Segment: 2020
- Building Renovations & Remodeling: A Key Revenue Contributor
- Changes in Consumer Habits during COVID-19 Crisis Buoy Demand for Plumbing Fittings and Fixtures in Renovation Projects
- Rehabilitating Stagnant Water Systems Gains Significance Post Pandemic
- Smart Homes Drive Demand for Smart Plumbing Products
- Global Smart Homes Market in US$ Billion for the Years 2020 and 2022
- Global Smart Homes Market by Category for the Years 2020 and 2022
- Voice-Activated Faucets: A New Age Phenomenon
- Smart Toilets Designed to Add Convenience
- Smart Showers Mark a Revolution in Shower Industry
- Growing Focus on Water Conservation Drives Innovative Product Designs
- Water Conservation Gains Significance in Shower Business
- Demand Picks up for Energy Efficient Appliances
- Plumbing Innovations Pull Growth Opportunities
- Changing Demographic and Lifestyle Redefine Bathroom Fixtures market
- Innovative Shower Panels and Attractive Designs Elevate Showering Experience
- Plumbing Fittings Segment Driven by Standard Fittings
- Environmental Friendly Products Gain Traction
- Plastics Seek Greater Role in Plumbing
- Products with Traditional Material Finishes Back in Vogue
- Creative Faucets Gain Attention
- Quality Scores Over Aesthetics for Plumbing Products
- Factors Shaping Consumer’s Choice: Rating on a Scale 1 – 10 (10 – High Impact, 1 – Low Impact)
- Premium Products High in Demand
- New Constructions Offer Significant Opportunities
- Online Marketplace Picks up Growth
- Global Plumbing Fittings & Fixtures Market by Distribution Channel, Online and Offline: 2020
- Favorable Demographic Scenario Boosts Market Prospects
- Population Growth & Rapid Urbanization
- World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/4k5u2i.