Global Bathroom Taps Market 2017-2021

Overview of the global bathroom taps market

Market research analysts at Technavio predict that the global bathroom taps market will grow steadily at a CAGR of more than 7% by 2021. This market research analysis identifies the rise in residential construction in the US as one of the primary growth factors for this market. The rising population in the US is influencing the demand for privately owned and single-family residences. With the rise in budgetary allotments by the government, this demand results in the significant growth of the residential construction segment. The government is increasingly focusing on providing the budget to support homeownership, develop sustainable communities, and increase access to affordable housing. This subsequently drive residential constructions, which will in turn, drive the growth of the bathroom taps market.

Smart bathrooms are increasingly adopting advanced technologies such as energy conservation and maintaining superior hygiene standards. Governments are increasingly focusing on the development of smart bathrooms in public infrastructure and buildings due to the scarcity of energy and water and to reduce energy costs. The rising population and rapid urbanization is leading to the increased demand for water, energy, and housing and the large-scale construction projects in the country are leading to water and energy scarcity. This will increase the adoption of smart bathrooms, which according to this market research and analysis, will be one of the major trends behind the growth of this market in the coming years.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of several international and regional vendors. Though the market is dominated by the international vendors, the regional vendors also account for significant market shares. The international and regional vendors differ on the pricing and product quality is the major factor the vendors compete on. The players are increasingly investing in infrastructural developments and technological advancements.

The leading vendors in the market are -

• Kohler
• LIXIL Group
• Masco
• Moen
• TOTO

The other prominent vendors in the market are Delta Faucet, Roca Sanitario, Jomoo Kitchen & Bath, MAC Faucets, Danze, AGMECO, Jaguar, CERA Sanitaryware, VitrA, Advanced Modern Technologies Corporation, Geberit Plumbing Technology, GESSI, Kully Supply, Miscea, and Oras.

Segmentation by product type and analysis of the bathroom taps market

• Non-sensor
• Sensor

The growth of the residential sector that is influenced by various factors such as the population growth, rapid urbanization, the increase in public spending, the rise in GDP, higher disposable income, and increased employment rate, will contribute to the growth of the non-sensor bathroom taps market segment during the next few years.

Geographical segmentation and analysis of the bathroom taps market

• APAC
• Americas
• EMEA

APAC will be the major revenue contributor to this marketspace due to the increased investments in infrastructure development, the construction of new housing units, high standard of living, rising disposable income, increasing expenditure on home renovation, and the usage of premium décor products. Additionally, the rapid growth in construction activities also influence the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bathroom taps market?
• What are the key market trends impacting the growth of the global bathroom taps market?
• What are the challenges to market growth?
• Who are the key vendors in the global bathroom taps market?
• What are the market opportunities and threats faced by the vendors in the global bathroom taps market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global bathroom taps market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global bathroom taps market offers insights into the key trends and developing drivers persuading the growth of the heavy industry. Our market research reports for the heavy industry follow a diligent data collection methodology and offer an analysis of quick-growing market segments like construction.

Our upcoming market research report offers an all-inclusive picture of the global bathroom taps market for the estimated period 2017-2021 by taking into account the market forecast, size, and the rising demand for various construction products and services. Additionally, our research practices help clients develop actual growth policies and keep pace with the regularly changing market landscape. This market study also offers a complete analysis of various construction services based on the interpretation of the information gathered from specific resources such as market stakeholders and channel partners. This upcoming market research report on the global bathroom taps market also covers vendors like Toto, Kohler, LIXIL water Technology, and Grohe.

This forthcoming industry report on the global bathroom taps market also considers the growth of the similar construction markets such as the compaction equipment, which is expected to grow at a CAGR of around 5% during the predicted period. According to our market specialists, increasing construction activity across the globe may influence the demand for bathroom taps in the future. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global bathroom taps market also covers geographies like the Americas, APAC, and EMEA.

The forthcoming industry research report on the global bathroom taps market also categorizes the key drivers, major trends, as well as the constraints that the construction sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the upcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as engineering tools and unit operations.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.