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$28.8 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Higher emphasis on personal hygiene and cleanliness, and new building projects along with renovation programs contribute significantly to plumbing fittings & fixtures demand in the US. Rapid pace of industrialization, sustained increase in manufacturing/industrial activity, economic growth, improving living standards, and increase in discretionary spends, along with rising construction activity spur growth in the Asia-Pacific region.
Select Competitors (Total 374 Featured) –
- American Bath Group
- MAAX Bath Inc.
- Asahi Eito Co., Ltd.
- Cera Sanitaryware Ltd.
- Elkay Manufacturing Company
- Geberit AG
- Hindustan Sanitaryware & Industries Ltd.
- Ideal Standard International
- Jacuzzi, Inc.
- Jaquar and Company Pvt. Ltd.
- Kohler Co.
- LIXIL Corporation
- American Standard Brands
- Grohe AG
- Masco Corporation
- Moen Incorporated
- Roca Sanitario S.A
- Roca UK
- Roca Bathroom Products Pvt., Ltd.
- Spectrum Brands Incorporated
- Toto Ltd.
- Villeroy & Boch
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
- Global Construction Spending (in US$ 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
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4k5u2i.