Plumbing fixtures and fittings are part of plumbing systems used to drain and deliver water. A plumbing fixture is connected to a plumbing system which carries water through a building and it can be fixed into walls or the floor. The most common plumbing fixtures are bathtubs, tubs, sinks, showers, drains, toilets and faucets. A plumbing fitting is an item that can be hung by a hook, screw or nail and is used to join multiple pipes of different sizes, and to regulate the water flow. The types of fittings are collar, elbow, gasket, union, reducer, tee, nipple, trap. The plumbing fixtures and fittings are made up of different materials like copper, iron, brass, and unplasticized polyvinylchloride (PVC).
COVID-19 Impact Analysis
- COVID-19 pandemic has shut down the production of plumbing fixtures and fittings attributed to the lockdown in countries worldwide this has hampered the growth of plumbing fixtures and fittings from the last few months and is likely to grow in 2021
- COVID-19 has already affected the sales of plumbing fixtures and fittings in the second and third quarter of 2020 and is anticipated to grow in year 2021.
- The major demand for plumbing fixtures and fittings was previously noticed from countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus thereby declining the demand for plumbing fixtures and fittings.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves plumbing fixtures and fittings. Manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID -19 health crisis.
- Plumbing fixtures and fittings manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID-19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.
Top Impacting Factors
Residential buildings and construction activities are on a rapid increase and this requires plumbing systems and thus the demand for plumbing fixtures and fittings is also increasing. For example, in India, introduction of schemes such as Pradhan Mantri Awas Yojana (PMAY), and Pradhan Mantri Gramin Awas Yojana has led to increase in construction activities, hence driving the demand for plumbing fixtures and fittings. Also, housing work increases with the increase in population, which surges the demand for plumbing fixtures and fittings.
Market trends
- Because of rapid urbanization and industrialization in developing nations like India, Indonesia and China, Asia-Pacific region is expected to experience growth in the plumbing fixtures and fittings market.
- Moreover, activities such as renovation of old buildings leads to increase in investments in the construction and infrastructure industries and this will consequently boost the growth of the plumbing fixtures and fittings market.
- North America held the second largest market share in the plumbing fixtures and fittings market. Due to the rise in land investments, this region noted growth within the housing industry, which ultimately led toward the growth of the market for plumbing fixtures and fittings.
- GWA Group Limited acquired Methven Limited, a New Zealand based leading taps and showers innovator, in 2019. This acquisition expanded the market and growth opportunities for the company in Australia and New Zealand.
Key Benefits of the Report
- This study presents the analytical depiction of the plumbing fixtures and fittings along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the plumbing fixtures and fittings market share.
- The current market is quantitatively analyzed to highlight the plumbing fixtures and fittings market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed plumbing fixtures and fittings market analysis based on competitive intensity and how the competition will take shape in coming years.
Key Market Segments
- By Product Type
- Bath and Shower Fittings
- Lavatory Fittings
- Kitchen and Other Sink Fittings
- Lavatory Fixtures
- By Material
- Vitreous China
- Metal
- Plastic
- By Application
- Residential Building
- Commercial Building
- Industrial Building
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- GGC
- South Africa
- Rest of LAMEA
Key Market Players
- American Standard
- Geberit
- Moen
- Elkay Manufacturing
- Roca Bathroom Products
- Grohe
- Delta
- Masco Corporation
- LIXIL Corporation
- HSIL