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The plumbing fixtures and fittings market size is forecast to increase by USD 51.5 billion at a CAGR of 8.08% between 2023 and 2028.
The plumbing fixtures and fittings industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The FoTW segment is estimated to witness significant growth during the forecast period. Plumbing fixtures and fittings, also known as Front of the Wall (FoTW) products, refer to visible plumbing components, including water outlets and related fixtures such as showerheads, taps, sinks, and bathroom ceramics. The primary driver of demand for these products is the focus on aesthetics, influenced by consumer preferences. The market for FoTW plumbing products is poised for growth, with companies expanding their offerings to cater to diverse needs. New product innovations include stylish solutions for bidets, washbasins, and urinals, providing comprehensive options for FoTW sanitary ceramics. Water conservation and efficiency are also significant factors influencing the market, with the adoption of water-efficient systems, smart plumbing fixtures, and touchless operation gaining popularity.
Construction activities, particularly in residential and commercial sectors, contribute to the demand for these products. Key trends include the integration of sensors, water conservation regulations, and the availability of eco-friendly and customized fixtures made from sustainable materials such as plastics and metals. Online retail and e-commerce have also emerged as significant sales channels. Raw material prices and adoption barriers, including the high cost of smart homes, remain challenges for market growth.
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The FoTW segment was valued at USD 69.20 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is experiencing growth due to expanding company presence in emerging markets. This strategy enables companies to cater to customer needs, aligning with their growth objectives. Some companies are increasing their online presence by selling on e-commerce platforms. For example, Jaquar India introduced Atelier by Artize in Mumbai and New Delhi in December 2022, which was readily available online. Regulatory compliance is crucial in this market, with countries enforcing industry codes of practice for installations of fixtures such as showers, toilets, taps, and urinals.
Our plumbing fixtures and fittings market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rise in construction activities is the key driver of the market.
Advent of eco-friendly plumbing solutions is the upcoming market trend.
Fluctuating raw material prices is a key challenge affecting the industry growth.
The plumbing fixtures and fittings market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the plumbing fixtures and fittings market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, plumbing fixtures and fittings market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
AKW Medi-Care Ltd. - The market encompasses a range of products essential for water supply and drainage systems. These include blending valves, which ensure consistent water temperature and pressure; push fit waste fittings, offering easy installation and leak-free performance; and straight rigid pan connectors, ensuring secure and durable pipe connections. These fixtures and fittings are integral components of plumbing systems, enhancing water efficiency, safety, and functionality.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide range of products used in both residential and commercial buildings for conveying and controlling water and other liquids. This market is driven by various factors, including repair and remodeling activities, water conservation efforts, and the integration of smart plumbing technologies. One significant trend in the market is the focus on water conservation. With increasing awareness of water scarcity and the need for sustainable practices, there is a growing demand for water-efficient systems. This has led to the development and adoption of various water-saving technologies, such as low-flow toilets, faucets, and integrated sensors. Another trend is the integration of smart plumbing technologies into residential and commercial buildings.
Smart homes, which incorporate various automated systems for controlling various functions, are becoming increasingly popular. Plumbing fixtures and fittings are no exception, with touchless operation and integrated sensors becoming common features. The materials used in plumbing fixtures and fittings also play a crucial role In the market. CPVC piping systems, which offer heat resistance, resistance to flame and smoke pressure, and other advantages, have gained popularity due to their durability and cost-effectiveness. Plastics and metals are also commonly used In the production of bathroom fixtures, kitchen fixtures, and toilet fixtures. The market is influenced by various factors, including building activity, water-efficient regulations, and raw material prices.
Residential and commercial development, as well as renovation projects, create demand for new plumbing fixtures and fittings. Housing demand, particularly in urban areas, also drives growth In the market. However, there are adoption barriers to the widespread use of smart plumbing technologies and eco-friendly fixtures. These include the initial cost of implementation, the need for retrofitting existing systems, and the availability of sustainable materials. Despite these challenges, the market is expected to grow due to the increasing demand for water conservation and the integration of smart technologies into buildings. The market is also expected to benefit from the adoption of sustainable materials and customized plumbing fixtures that cater to the aesthetic appeal of modern buildings.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.08% |
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Market growth 2024-2028 |
USD 51.5 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.28 |
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Key countries |
China, US, UK, India, and Saudi Arabia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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