Enjoy complimentary customisation on priority with our Enterprise License!
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 market is experiencing significant growth due to the rise in construction activities across the globe. This trend is particularly noticeable in developing regions where infrastructure development is a priority. Another trend influencing market growth is the advent of eco-friendly plumbing solutions, as consumers increasingly demand water-saving and energy-efficient fixtures. However, the market is not without challenges. Fluctuating raw material prices, particularly for metals like copper and brass, can impact the cost of production and, in turn, the price of plumbing fixtures and fittings. Additionally, stringent regulations regarding water conservation and safety standards are driving the need for innovative and compliant solutions, adding to the complexity of the market landscape.
The global market is witnessing significant growth due to the increasing repair and remodeling activities in both residential and commercial sectors. The market is driven by various factors such as water conservation, smart plumbing technologies, hygiene and sanitization, and aesthetic appeals. Plumbing fixtures and fittings, including CPVC piping systems, are essential components of building activity. CPVC technology offers benefits such as heat resistance, resistance to flames, and smoke pressure resistance, making it a preferred choice for plumbing applications. Construction activities, particularly in the residential sector, are expected to boost the demand for plumbing fixtures and fittings. The market is witnessing a shift towards water-efficient systems and smart plumbing technologies, such as smart homes, plastics, and metals, which offer touchless operation and water-saving technology integrated with sensors.
Bathroom fixtures, kitchen fixtures, and toilet fixtures are the major product segments of the market. Smart plumbing fixtures, including touchless operation and water-saving technology, are gaining popularity due to their convenience and environmental benefits.
The market 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. The market encompasses a wide range of products used in both residential and commercial construction activities and renovation projects. These products, referred to as Front of the Wall (FoTW) fixtures and fittings, are primarily visible within a building and consist of water outlets and associated fixtures such as bathroom accessories like showerheads, taps/faucets, sinks, and bathroom ceramics. Consumers' focus on aesthetic appeals significantly influences the demand for these products, with trends in Repair and Remodeling driving market growth. Vendors are continually expanding their product portfolios to cater to this demand, introducing innovative and stylish solutions for bidets, washbasins, and urinals. Water Conservation is another key trend in the market.
Further, smart Plumbing Technologies, such as water-efficient systems and smart plumbing fixtures with touchless operation and integrated sensors, are gaining popularity due to Water-saving technology and Water conservation regulations. Materials used in Plumbing Fixtures and Fittings include both Plastics, such as CPVC piping systems and CPVC technology known for their heat resistance, resistance to flames, and smoke pressure resistance, and Metals. The market for these products is expected to grow, with the adoption of Smart homes and the increasing demand for High-quality fixtures. Online retail and E-commerce platforms have emerged as significant sales channels for Plumbing Fixtures and Fittings. However, raw material prices and adoption barriers may impact market growth. Despite these challenges, the market is expected to thrive as consumers prioritize Hygiene and Sanitization in their homes and businesses.
Get a glance at the market share of various segments Request Free Sample
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.
For more insights on the market share of various regions Request Free Sample
The market is witnessing significant growth due to the increasing adoption of smart home technologies. Eco-friendly fixtures made from sustainable materials, such as recycled plastic and metal, are gaining popularity in both new buildings and renovated structures. Customized plumbing fixtures, including bathtubs, shower fixtures, and sink fixtures, are being demanded for their aesthetic appeal and water efficiency. In the non-residential sector, compliance with water efficiency regulations is driving the market's growth. Smart technologies, such as water-saving sensors and voice-activated fixtures, are also becoming essential features in modern plumbing systems. Overall, the market is expected to experience strong growth in the coming years, driven by these trends and advancements.
Our 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.
The rise in construction activities is the key driver of the market. The market is witnessing significant growth due to the increasing Repair and Remodeling activities in both Residential and Commercial sectors. With a focus on Water Conservation, smart Plumbing Technologies are gaining popularity. Hygiene and Sanitization concerns have led to the demand for advanced plumbing systems, including Water-efficient Systems and Smart Plumbing Fixtures. Touchless operation and Water-saving technology are integral parts of these systems. Construction Activities, especially in developing countries like China and India, are driving the market for Plumbing Fixtures and Fittings. CPVC piping systems, utilizing CPVC technology, offer Heat resistance, Flame resistance, and Smoke pressure resistance, making them a preferred choice for modern buildings.
Smart homes, a growing trend, require high-quality Plumbing Fixtures and Fittings for their integrated sensors and Water conservation regulations. Plastics and Metals are the primary raw materials for these products. Bathroom Fixtures, Kitchen Fixtures, and Toilet Fixtures are the major product categories. Online retail and E-commerce platforms are increasingly popular for purchasing these products due to their convenience. However, adoption barriers include high raw material prices and consumer preferences for traditional fixtures. Overall, the market is expected to grow steadily, driven by the Housing demand and the adoption of Water-efficient plumbing and Smart plumbing fixtures.
The advent of eco-friendly plumbing solutions is the upcoming trend in the market. Plumbing fixtures and fittings play a crucial role in both residential and commercial building activities, contributing significantly to repair and remodeling projects. Eco-friendly plumbing solutions have gained prominence due to their superior performance, cost savings, and reduced environmental impact. Two key areas of focus in this regard are water conservation and smart plumbing technologies. Water-efficient plumbing systems, such as low-flow toilets and faucets, are increasingly popular. These fixtures save water without compromising on functionality, with water-efficient toilets saving up to 40% compared to traditional models. Smart plumbing fixtures, including touchless operation and integrated sensors, offer added convenience and water conservation.
Smart homes, a growing trend, incorporate advanced plumbing technologies. CPVC piping systems, using CPVC technology for its heat resistance, flame resistance, and smoke pressure resistance, are widely adopted. Plastics and metals are the primary raw materials for plumbing fixtures and fittings, with high-quality fixtures overcoming adoption barriers through their durability and aesthetic appeals. Water conservation regulations drive the demand for water-efficient fixtures, with online retail and e-commerce platforms facilitating their accessibility. Renovation projects, particularly in the bathroom and kitchen, often involve the replacement of old fixtures with modern, water-saving alternatives. The plumbing industry continues to innovate, with smart plumbing technologies offering significant potential for future growth.
Fluctuating raw material prices is a key challenge affecting the market growth. Plumbing fixtures and fittings play a crucial role in Repair and Remodeling projects, particularly in Water Conservation initiatives, as they are integral components of both Residential and Commercial buildings. The market for these products is driven by various factors, including the adoption of Smart Plumbing Technologies, Hygiene and Sanitization requirements, and Aesthetic Appeals. Construction activities, such as Renovation Projects, necessitate the installation of new Plumbing fixtures and fittings, including CPVC piping systems, which offer advantages like Heat resistance, Flame resistance, and Smoke pressure resistance, thanks to CPVC technology. Moreover, the shift towards Water-efficient Systems, Smart homes, and Plastics in place of traditional Metals for fixtures and fittings is gaining momentum.
Bathroom fixtures, Kitchen fixtures, and Toilet fixtures are witnessing significant demand due to the Housing demand and Water-efficient plumbing trends. However, the market growth is challenged by the fluctuating prices of raw materials, certification requirements, and import restrictions. Additionally, the implementation of Water conservation regulations necessitates the adoption of Water-efficient fixtures, such as Low-flow toilets and faucets, which are increasingly being offered with advanced features like Touchless operation, Water-saving technology, and Integrated sensors. The online retail and e-commerce sector has emerged as a significant sales channel for plumbing fixtures and fittings, providing customers with a wide range of High-quality fixtures at competitive prices.
However, adoption barriers, such as the initial investment and installation costs, may hinder the market growth. Overall, the market is expected to witness steady growth, driven by the increasing demand for Water-efficient plumbing solutions and the adoption of Smart plumbing fixtures.
The 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 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, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Jaquar India - The company offers plumbing fixtures and fittings such as faucets, showers, sanitaryware, water heaters, bathtubs, and shower panels as its key offering.
The market 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 market 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 is witnessing significant growth due to various factors, including repair and remodeling activities, water conservation regulations, and the adoption of smart plumbing technologies. The residential and commercial sectors are major consumers of plumbing fixtures and fittings in building activity. CPVC piping systems, utilizing CPVC technology for its heat resistance, resistance to flames, and smoke pressure resistance, are increasingly being used in construction projects. Bathroom, kitchen, and toilet fixtures are the primary focus areas for both residential and commercial applications. Water-efficient systems are gaining popularity due to their ability to save water and reduce utility bills. Smart plumbing fixtures, such as touchless operation and water-saving technology, integrated sensors, and water-efficient plumbing, are becoming increasingly popular in smart homes.
Further, the market for plumbing fixtures and fittings is influenced by housing demand, raw material prices, and adoption barriers. Plastics and metals are the primary raw materials used in the production of plumbing fixtures and fittings. Water-efficient fixtures, such as low-flow toilets and faucets, are driving the market growth in the residential sector. Online retail and e-commerce platforms are also contributing to the market's expansion. However, the high cost of high-quality fixtures and the lack of awareness about water conservation regulations are hindering the market's growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.08% |
Market Growth 2024-2028 |
USD 51.5 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.28 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 37% |
Key countries |
China, US, UK, India, and Saudi Arabia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AKW Medi-Care Ltd., American Bath Group, Delta Faucet Co, Elkay Manufacturing Co., Geberit International AG, Gerber Plumbing Fixtures LLC, HSIL Ltd, Ideal Standard Gulf FZCO, Jacuzzi Brands LLC, LIXIL Corp., Masco Corp., Midland Industries, neXgen Plumbing Products, Roca Sanitario SA, Somany Ceramics Ltd., Jaquar India, Toto Ltd., United States Plastic Corp., Victorian Plumbing, and Villeroy and Boch AG |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.