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2017

Luxury Plumbing Fixtures Market

Luxury Plumbing Fixtures Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Bathroom Fixtures and Kitchen Fixtures) and End User (Residential and Non-residential Sector) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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Author's: Smriti Loomba | Sonia Mutreja
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Global Luxury Plumbing Fixtures Market Overview:

Global Luxury Plumbing Fixtures Market is expected to reach $24,646 million by 2022, registering a CAGR of 4.9% during the forecast period.

Luxury plumbing fixtures are installed within a bathroom, washroom or kitchen keeping in mind the growing focus of energy and water conservation. For instance, German government have introduced the concept of smart bathroom, including smart faucets, dual-flush toilets and bathtubs integrated with audio/video system to save water and reduce high energy costs per year.

Some of the factors that drive the global luxury plumbing fixtures industry include growth in urbanization, improvement in economic conditions and growth in disposable income, changing lifestyle and behavior of consumers and adoption of water-efficient fixtures. Additionally, untapped Asia-Pacific and African markets will foster the global luxury plumbing fixtures market. However, high cost of raw materials is likely to hamper the global luxury plumbing fixtures market growth.   

Luxury Plumbing Fixtures Market

The rising concerns about reducing water consumption is anticipated to encourage home and business owners to replace older and inefficient fixtures with newer models that use less water. Growing focus on water scarcity issues and drought in some areas of North America, particularly California has resulted in North American consumers to grow as ecologically minded consumers and replace such products with low-flow showerheads, urinals, faucets and others. The growing focus would result in increased global luxury plumbing fixtures market size by 2022.

The global luxury plumbing fixtures market is segmented on the basis of type, end user and geography. Based on fixture type, the market is broadly divided into bathroom fixtures and kitchen fixtures. The bathroom fixtures include bathtubs, showerheads, toilets and others while kitchen fixtures include sinks and faucets. However, by end user, the luxury plumbing fixtures industry is divided into residential and non-residential sector. The market is analyzed across four regions-North America, Europe, Asia-Pacific, and LAMEA. Technological developments and innovative product launches are expected to create growth opportunities in the Asia-Pacific market. In addition, rapid development of commercial hospitality sector in the emerging areas of Asia-Pacific offers incredible development potential outcomes for market players. Thus, the region is anticipated to grow at the fastest rate by 2022.  

The report includes comprehensive analysis of the key players in the luxury plumbing fixtures market such as Bradley Corporation, GROHE, Little Giant, Kohler, Moen, Delta, Toto Ltd., Gerber, American Standard, and Sterling Faucet Company.

The other prominent players in the market include Culnat, Natphil Inc., Water Matrix, Aquabrass, Dahl Brothers (Canada) Ltd, Fiberez Bathware, The Noble Co., Matco-Norca, Rada Mechanical Products Ltd, and Falcon Waterfree Technologies.

Market Segment

Segment Overview

Bathroom fixtures, particularly showerheads generated a significant revenue in 2015. The growth of showerheads market is largely dependent on the wellness of the housing and construction industry. Some of the factors driving the growth of showerheads in the global luxury plumbing fixtures industry include introduction of smart cities and homes, increasing hospitality sector, and rising upper middle class population with materialistic lifestyle. In addition, water conserving showers and showers with superior style, design, and functionality fuel the growth of the market. Also, product innovations include multiple, low flow, rain showerheads, digitally controlled configurations for spray, therapeutic lights, and eco-friendly showerheads add spur to the global luxury plumbing fixtures market growth.

Key Benefits

  • This report provides an in-depth analysis of the global luxury plumbing fixtures market to identify the potential investment pockets.
  • It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold.
  • Key drivers, restraints, and opportunities along with their detailed impact analysis have been elucidated.
  • Quantitative analysis of the market for the period of 2014–2022 are highlighted to recognize the financial competency of the market.
  • Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, strength of the buyers, and strength of suppliers.

Luxury Plumbing Fixtures Market Key Segmentation

By Type

  • Bathroom fixtures
    • Showerheads
    • Toilet
    • Bathtub
    • Others (faucets, sinks)
  • Kitchen fixtures
    • Sink
    • Faucet

By End User

  • Residential sector
  • Non-residential sector

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Italy
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Bradley Corporation
  • GROHE
  • Little Giant
  • Kohler
  • Moen
  • Delta
  • Toto Ltd.
  • Gerber
  • American Standard
  • Sterling Faucet Company

Other Players in the Market

  • Culnat
  • Natphil Inc.
  • Water Matrix
  • Aquabrass
  • Dahl Brothers (Canada) Ltd     
  • Fiberez Bathware
  • The Noble Co.
  • Matco-Norca
  • Rada Mechanical Products Ltd
  • Falcon Waterfree Technologies

Luxury Plumbing Fixtures Market Report Highlights

Aspects Details
Luxury Plumbing Fixtures Market- Global Opportunity Analysis and Industry Forecast, 2014-2022 By TYPE
By TYPE
  • BATHROOM FIXTURES
    • Bathtubs
    • Toilet
    • Showerheads
    • Others
  • KITCHEN FIXTURES
    • Sinks
    • Faucets
Luxury Plumbing Fixtures Market- Global Opportunity Analysis and Industry Forecast, 2014-2022 By END USER
By END USER
  • RESIDENTIAL
  • NON-RESIDENTIAL
Luxury Plumbing Fixtures Market- Global Opportunity Analysis and Industry Forecast, 2014-2022 By GEOGRAPHY
By GEOGRAPHY
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Argentina
    • Rest of LAMEA
Key Market Players
Key Market Players

MOEN INCORPORATED, BRADLEY CORPORATION, FRANKLIN ELECTRIC CO., INC. (LITTLE GIANT), ELKAY MANUFACTURING COMPANY, MASCO CORPORATION (DELTA FAUCET COMPANY), CERA SANITARYWARE LIMITED, GLOBE UNION INDUSTRIAL CORPORATION (GERBER PLUMBING FIXTURES LLC), KOHLER CO. (STERLING FAUCET CO), TOTO LTD., LIXIL GROUP CORPORATION (AMERICAN STANDARD)

Analyst Review

Luxury plumbing fixtures are superior high-end products attached to the plumbing system of the bathroom and kitchen to enhance their visual appearance. These include bathtubs, showerheads, and faucets that are integrated with advanced features such as motion sensor faucets, AccuPro foot jets, and integrated audio/video system. These products attract consumers to enjoy a luxurious lifestyle and hence, drive the growth of luxury plumbing fixtures market. In addition, it is also proliferating owing to the changing lifestyle of the consumers.

The global luxury plumbing fixtures market is segmented based on enduse into residential sector and non-residential sector. With the increased disposable income and attention towards visual appearance of the homes, there is high number of remodeling or retrofit activities by the users across the world. The comfort and exquisiteness in the residential segment are as a result of plumbing expertise and technical effort in kitchens and bathrooms. Specialty features such as wall-mounted pot fillers are incorporated, which allow to fill stockpots on stove without carrying the water-filled container to and fro sink and stove. Deployment of luxury plumbing fixtures is also done in the residential segment to increase the resale value and make the home aesthetically appealing. With the growing focus on luxury housing segment, the residential segment of the global luxury plumbing fixtures indutry contributed the highest share in 2015 and is expected to remain dominant in the near future.

Author Name(s) : Smriti Loomba | Sonia Mutreja

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Luxury Plumbing Fixtures Market

Global Opportunity Analysis and Industry Forecast, 2014-2022