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2020
Plumbing Components Market

Plumbing Components Market by Product (Fittings, Manifold, Pipes and Valves), End-user (Residential and Non-residential) and Application (Bathtubs, Showerheads, Faucets and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027
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A06577
Pages: 253
Jul 2020 | 6403 Views
Author(s) : Digvijay Pawar & Rohit Sawant
Tables: 115
Charts: 60
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Plumbing Components Market Outlook - 2027

The global plumbing components market size is expected to reach $78,218.9million in 2027, from $58,516.6 million in 2019, growing at a CAGR of 5.6% from 2020 to 2027. Plumbing components are parts used in installing sanitary wares in bathrooms or toilets and kitchen of residential or non-residential buildings. The products such as fittings, manifolds, pipes and valves are considered as plumbing components. Fittings are elbow, adaptor or tee joint used to connect pipes with each other or with manifolds and valves. Manifolds are equipment that distribute the flow of hot water and cold water flowing through different tanks. Pipes are the medium of flow of water from the tank to faucets or sanitary equipment. Valves control the flow of water.  Residential segment includes plumbing components installed in bathrooms or toilets and kitchens of single houses or bungalows, flats, townships and private owned buildings. Whereas, plumbing components used in kitchens, toilets or bathrooms in hotels, malls, offices and public places are considered under the non-residential category.

Bathrooms and kitchens in residential and non-residential spaces need good quality fixtures and components for durability. Fittings used in installing bathtubs, showerheads, faucets and other sanitary equipment give them stability and efficiency. However, there might be breakage of plumbing components which has to be replaced. In addition, renovation of old bathrooms and kitchens in residential and non-residential buildings and new construction projects are driving the plumbing components market.

Plumbing Components Market

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Several manufacturers have sensed the plumbing components market opportunity and have adopted several strategies to offer wide range of products to the customer and to widen their product offering in the new regions. For instance, in November 2019, Central States Industrial Equipment (CSI) launched Pipetite product line with Sleeve ReBoot, solution for sealing existing tubes for processing facilities or other sanitary environments. The split design of the Sleeve ReBoot wraps it around existing piping of various sizes and seals them tightly. In other example, in June 2018, Acorn Engineering Company, launched new thermostatic tempering valve, the Omega, model ST7017, for hot water distribution and point-of-use applications. Such strategies boost the sales for plumbing components, thereby promoting the plumbing components market growth of the market.

Moreover, the COVID-19 pandemic has affected the wide range of construction services, import and export of construction material as well as its production. The pandemic has also forced many of the construction projects to be put on hold temporarily. This had brought the industry to standstill situation in many nations. This has eventually affected the global plumbing components market negatively as most of the renovation and new construction projects were put on hold. In addition, there is shortage of raw material as the logistics industry was also halted temporarily. Hence, manufacturing of plumbing components has also been impacted negatively.

Plumbing Components Market
By Product

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Fittings segment is projected to grow at a significant 7.3% CAGR

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The global plumbing components market is segmented into product, end user, application and region. By product, the market is classified into fittings, manifolds, pipes and valves. Depending on end user, it is segregated into residential and non-residential. On the basis of application, it is fragmented into bathtubs, showerheads, faucets and other (commode, urinal, sinks & basins). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By product, in 2019, the pipes segment dominated the plumbing components market, in terms of revenue; however, the fittings segment is expected to witness growth at a higher CAGR during the forecast period. On the basis of end user, the residential segment led the plumbing components market in 2019, in terms of revenue; whereas, the non-residential segment is anticipated to register a higher CAGR during the forecast period. Depending on application, in 2019, the others segment exhibited high growth rate, in terms of revenue, however, the showerheads segment is projected to grow at a notable CAGR in the near future. Region wise, the plumbing components market in Asia-Pacific contributed the highest plumbing components market share in 2019, and is anticipated to secure the leading position during the forecast period.

Plumbing Components Market
By End User

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Non-Residential segment is expected to grow at a significant rate during the forecast period.

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Competition analysis

The major players profiled in the plumbing components market include Aalberts N.V. (Lasco Fittings), Central States Industrial, Finolex Industries Ltd., McWane, Inc. , Morris Group (Acorn), Mueller Industries, NupiIndustrieItaliane S.p.A., Reliance Worldwide Corporation Ltd., Turnkey Industrial Pipe & Supply Inc., and Uponor Corporation.

Renovation of residential and non-residential bathrooms and toilets and increase in construction of malls and offices in developing countries is driving the plumbing components market. However, decrease in new construction activities in developed nations due to saturation and halting of ongoing projects due outbreak of COVID-19 has restrained the growth of the plumbing components market. On the contrary, infrastructural development in African nations and various developmental strategies such as product launch and business expansion, adopted by companies to strengthen their foothold are expected to boost the growth of the plumbing components market during the forecast period.

Plumbing Components Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2019 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits for Stakeholders:

  • The report provides an extensive analysis of the current and emerging plumbing components market trends and dynamics. 
  • In-depth plumbing components market analysis is conducted by estimations for the key segments between 2020 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • Plumbing components market forecast analysis from 2020 to 2027 is included in the report.
  • Key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the plumbing components market industry.

Key Market Segments:

By Product

  • Fittings
  • Manifolds
  • Pipes
  • Valves

By End User 

  • Residential
  • Non-residential

By Application

  • Bathtubs
  • Showerheads
  • Faucets
  • Others

By Region

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

Key Players

  • Aalberts N.V. (Lasco Fittings)
  • Central States Industrial
  • Finolex Industries Ltd.
  • McWane, Inc.
  • Morris Group (Acorn)
  • Mueller Industries
  • NupiIndustrieItaliane S.p.A.
  • Reliance Worldwide Corporation Ltd.
  • Turnkey Industrial Pipe & Supply Inc.
  • Uponor Corporation
 

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Plumbing components include components that are used to install various sanitary equipment such as bathtubs, showers, faucets, commodes, urinals and basins & sinks. Plumbing components are used to fix with sanitary equipment in toilets or bathrooms and kitchens of residential and non-residential infrastructures. Plumbing components include fittings, manifolds, pipes and manifolds that are used while repairing, renovating or newly constructing bathroom or toilets and kitchens. Therefore, activities such as repairing, renovation or new construction of residential and non-residential buildings are expected to boost the growth of the global plumbing components market during the forecast period.

Key players in the global plumbing components market include Aalberts N.V. (Lasco Fittings), Central States Industrial, Finolex Industries Ltd., McWane, Inc. , Morris Group (Acorn), Mueller Industries, Nupi Industrie Italiane S.p.A., Reliance Worldwide Corporation Ltd., Turnkey Industrial Pipe & Supply Inc., and Uponor Corporation.

Renovation activities in developed nations and new construction in developing countries is driving the plumbing components market. Manufacturers have launched new products with a view to offer wide range of product variety to the customers. This helps companies to expand customer base as well as improve their sales across different regions.

 

 

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FREQUENTLY ASKED QUESTIONS?

A. The global plumbing components market size was valued at $58,516.6 million in 2019, and is projected to reach $78,218.9 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027.

A. The forecast period considered for the global plumbing components market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. To get latest version of global plumbing components market report can be obtained on demand from the website.

A. The base year considered in the global plumbing components market report is 2019.

A. The top companies holding the market share in the global plumbing components market report include Aalberts N.V. (Lasco Fittings), Central States Industrial, Finolex Industries Ltd., McWane, Inc. , Morris Group (Acorn), Mueller Industries, Nupi Industrie Italiane S.p.A., Reliance Worldwide Corporation Ltd., Turnkey Industrial Pipe & Supply Inc., and Uponor Corporation.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By product, in 2019 the pipes segment dominated the global plumbing components market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By end user, the residential segment is the highest share holder of global plumbing components market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global plumbing components market is $53,425.6 million in 2020.

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