Loading...

Plumbing Fixtures Market to Reach $1,12,427 Million, Globally, by 2023

 
 

quote The plumbing fixtures market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to growth in urbanization, high infrastructure facilities, and improvement in living standards of the consumers. Furthermore, continuous economic development in countries, such as India, China, and Australia, are expected to provide numerous growth opportunities to the market. quote

Deepankar Bose
Manager, Consumer Goods at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Plumbing Fixtures Market by type and End user: Global Opportunity Analysis and Industry Forecast, 2017-2023, the plumbing fixtures market was valued at $ 75,042 million in 2016, and is projected to reach at $ 1,12,427 million by 2023, growing at a CAGR of 6.0% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global plumbing fixtures market, followed by Europe and North America.

Access Full Summary at: https://www.alliedmarketresearch.com/plumbing-fixtures-market

Increase in disposable income of consumers, growth in urbanization, and changing lifestyle patterns of consumers, and rise in standard of living encourages the adoption of bathroom and kitchen fixtures in the industry and thus drive the plumbing fixtures market growth. In addition, high growth in construction activities in the regions of Asia-Pacific such as India and china are expected to fuel the growth of plumbing fixtures market, However, the fluctuating cost of raw materials and regulatory requirements regarding the showerheads and faucets are expected to hinder the plumbing fixtures market growth. Various advancements in plumbing technology and introduction of water efficient plumbing such as flow faucets & sensors and dual flush toilets which helps in conserving fresh water to a large extent is expected to provide numerous opportunities in the plumbing fixtures market.

In 2016, the bathroom fixtures segment, which includes showerheads, bathtubs, toilets, and others accounted for the maximum revenue share in the overall plumbing fixtures market as they are widely used in the residential sector owing to investment in smart homes and rising bathroom renovation facilities. Residential segment is expected to grow at a fastest CAGR of 6.3% in the plumbing fixtures market owing to the various investments in infrastructure facilities as well as growth in urbanization.

Moreover, the toilets segment in the bathroom fixtures is expected to grow at a fastest CAGR of 7.4% in the forecast period 2017-2023.

Asia-Pacific accounted for the major share of the global plumbing fixtures market in 2016 owing to the high growth of construction facilities in India and China. Asia-Pacific is estimated to grow at the highest rate followed by Europe in the global plumbing fixtures market due to high disposable income of consumers and demand for luxurious bathroom fixtures.

Key Findings of the Plumbing Fixtures Market

  • In 2016, the showerheads segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 5.3% during the forecast period.
  • The residential segment accounted for 67.7 % in the global plumbing fixtures market.
  • The U.S. is the major shareholder in the North America plumbing fixtures market, accounting for more than71 % share in 2016.

The key players profiled in the plumbing fixtures market include Kohler Co, Globe Union Industrial Corporation, Lixil Group Corporation, Toto Ltd., Masco Corporation, MAAX Holdings, Inc., Hansgrohe, Roca Sanitario, Bradley Corporation, and Elkay manufacturing Company. Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold in the market.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Plumbing Fixtures Market by Fixture Type (Bathroom Fixtures and Kitchen Fixtures) and End user (Residential and Non-residential) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Plumbing Fixtures Market"
Purchase Enquiry