Global Plumbing Fittings and Fixtures Strategic Business Report 2023: Offering Hygiene & Water Saving, Touch-Less Fixtures Emerge as Mega Trend

DUBLIN, July 6, 2023 /PRNewswire/ -- The "Plumbing Fittings and Fixtures: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Plumbing Fittings and Fixtures estimated at US$89 Billion in the year 2022, is projected to reach a revised size of US$134.4 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Bathroom Fixtures & Fittings, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$64.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Kitchen & Sink Fixtures & Fittings segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $18.9 Billion, While China is Forecast to Grow at 6.5% CAGR

The Plumbing Fittings and Fixtures market in the U.S. is estimated at US$18.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$37.8 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.6% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.7 Billion by the year 2030.

Select Competitors (Total 310 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

• 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)
• Global Economic Update
• World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
• War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
• Inflationary Pressures Impact Global Economy
• Russia-Ukraine War Impact
• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Economic Volatility and Construction Market Dynamics Redesign Growth Patterns in Plumbing Fittings and Fixtures Market
• Global Construction Spending (in US$ Trillion) for the Years 2020-2028
• Home Remodeling Projects Support Growth Amid the Pandemic
• Factors Impacting Kitchen & Bath Design Business During COVID-19 Pandemic: 2020
• Factors Shaping Construction Sector & Plumbing Manufacturing
• US Construction Outlook
• United States Housing Units Starts: 2015-2021 (Housing Units in Thousands)
• United States Housing Units Starts by Quarter: 2021 & 2022 (Housing Units in Thousands)
• Host of Factors Stirring Global Plumbing Manufacturing Industry
• Competitive Scenario
• Plumbing Fittings and Fixtures - Global Key Competitors Percentage Market Share in 2022 (E)
• Collaborations with Plumbing Contractors Gain Strategic Importance
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Types of Plumbing Fittings and Fixtures
• Plumbing Fittings
• Plumbing Fixtures
• Fast Paced Urbanization Continues to Drive Growth in Asia-Pacific Market
• India Emerges as a Lucrative Market
• Developed Regions Continue to Offer Opportunities
• Recent Market Activity
• WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• As Smart Homes Become a Mainstream Reality, Smart Plumbing Products Gain Increasing Interest
• Smart Home Penetration Rate (%) by Region/Country for the Year 2022
• Growing Number of Smart Homes Catalyzes the Demand for Smart Plumbing Fixtures: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
• Consumers Shift Focus from Traditional Flush Toilets to Smart Toilets
• Trending Smart Technologies & Fixtures to Watch-For in Plumbing Arena
• Voice-Activated Faucets: A New Age Phenomenon
• Smart Showers Bring in a Transformational Phase in Shower Industry
• Offering Hygiene & Water Saving, Touch-Less Fixtures Emerge as Mega Trend
• Water Conservation Remains at the Core for Product Design Innovations
• Reducing Water Usage Gains Prominence in Shower Business
• Residential End-Uses of Water in the US
• Residential Sector Remains a Significant Market
• Global Plumbing Fittings and Fixtures Market by End-Use Segment: 2022
• Rising Home Renovation & Upgrade Activity as Bright Spot for Plumbing
• 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
• Greywater Recycling Systems Taking Water Savings to Next Level
• Increasing Number of Homes with Multiple Bathrooms Elevate Opportunities
• Share of New Single family Home Starts in the US by Number of Bathrooms: 2012-2020
• Select Bathroom Fixture Trends
• Walk-in Bathtubs Gather Momentum
• Bathtub and Shower Combos Gain Attention in Bathtub Renovation
• Demand on High for Stylish Fittings
• Changing Demographic and Lifestyle Redefine Bathroom Fixtures market
• A Peek into the Latest Trends Related to Bathroom Faucets
• Bidets Continue to Report Healthy Demand
• Plumbing Technology & Design Trends for Luxury Bathrooms
• Demanding Consumer Requirements Lead to Deeper Product Segmentation in Showerheads Market
• Latest Showerhead Design Trends Lift up Showering Experience
• Plumbing Innovations Drive Growth Opportunities
• Environmental Friendly Products Gain Traction
• Salient Faucet Trends Transforming Kitchens in 2023
• Quality Scores Over Aesthetics for Plumbing Products
• Factors Shaping Consumer's Choice: Rating on a Scale 1 - 10 (10 - High Impact, 1 - Low Impact)
• Outdated & Out-of-Style Plumbing Trends Paving Way for New Options
• Premium Products High in Demand
• Online Marketplace Picks up Growth
• Global Plumbing Fittings & Fixtures Market by Distribution Channel, Online and Offline: 2022
• Entry of Direct-To-Consumer Brands Spike Competition in the Showerheads Market
• Favorable Demographic Scenario Boosts Market Prospects
• Population Growth & Rapid Urbanization
• World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
• World Urban Population in Thousands: 1950-2050P
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
• Expanding Middle Class Population and Rising Standards of Living
• Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/c1hzzl

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