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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 rise in construction activities, especially in urban areas, is increasing the demand for innovative plumbing solutions, including touchless fixtures, which offer convenience and hygiene benefits. As urbanization continues to grow, the need for efficient and sustainable plumbing systems is becoming more pronounced, further driving market growth. Additionally, the increasing focus on water conservation and sustainability is driving the adoption of touchless plumbing fixtures, as they help reduce water wastage. Urbanization is also leading to higher demand for modern, efficient plumbing solutions in both residential and commercial buildings. This trend is expected to continue driving market growth in the coming years. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the plumbing fixtures and fittings market report includes historic market data from 2018 - 2022.
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The market is driven by the increasing demand for residential buildings due to rapid urbanization. Companies like Prince Pipes and Fittings are innovating with multi-polymer processor technology and Corzan CPVC technology to meet this demand. The market is witnessing a shift towards smart homes and water-efficient plumbing, with a focus on bathroom fixtures & fittings, kitchen and sink fixtures & fittings, and toilet fixtures & fittings. This trend is fueled by the need for eco-friendly solutions that reduce water consumption while maintaining efficiency and convenience. Key products such as sinks, toilets, showers, and bathtubs, as well as plumbing fittings like pipes, valves, connectors, and faucets, all contribute to sustainable plumbing infrastructure in residential buildings. 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 urbanization is notably driving plumbing fixtures and fittings market growth. The increasing trend of urbanization and expanding construction activities is driving the adoption of these by residential and non-residential users. The growth in urbanization is expected to boost the demand for housing, subsequently increasing the need for plumbing fixtures and fittings in the forecast period. The rapid economic growth in developing APAC countries like China and India has led to a considerable rise in consumer disposable income.
This, coupled with a focus on efficiency and convenience, is driving the adoption of these products in smart homes. The market is also witnessing advancements in plumbing technology, with a growing emphasis on water-efficient plumbing and innovative bathroom fixtures & fittings. With higher purchasing power, consumers are likely to prefer products that offer better quality and aesthetics. This trend is anticipated to drive plumbing fixtures and fittings market growth in the forecast period.
Growing demand for prefab and mobile homes is the key trend in the market. The high cost incurred on conventionally on-site built homes and increasing focus on energy efficiency are driving the demand for prefabricated (prefab) and mobile homes in several markets. The cost of on-site houses has been growing faster than the growth in income among most sections of society, which is encouraging new buyers to invest in prefab homes as a permanent housing solution. As prefab structures contain solutions, such as water taps, valves, showers, and urinals, in their construction, the demand for plumbing may witness constrained growth.
The cost of an on-site-built family home in the US is higher than the average cost of a mobile home. This wide gap in investment options for housing is driving the demand for factory-manufactured houses. Therefore, growing demand for prefab and mobile homes will drive the growth of the market during the forecast period.
Fluctuating raw material prices are the major challenge impeding market growth . Raw materials fluctuate from time to time. The fixtures and fittings should adhere to standardization and certification to ensure security and safety. Also, scrap metal and other raw materials have import restrictions, which affect their prices directly, thus, resulting in price fluctuations.
Moreover, the strict regulations imposed to maintain the quality of materials (such as tin, lead, and nickel), that are used in bathroom as well as kitchen fixtures are expected to hinder the growth of the market. In addition, the temporary shortage of steel can result in an increased cost of production Therefore, fluctuating raw material prices will negatively impact the growth of the market during the forecast period.
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 trends report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market 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.
The Jaquar Group - The company offers plumbing fixtures and fittings such as faucets, showers, sanitaryware, water heaters, bathtubs, and shower panels as its key offering.
The plumbing fixtures and fittings market research report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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 share growth of the FoTW segment will be significant during the forecast period. Front of the Wall (FoTW) fixtures and fittings are plumbing products that are generally visible within the building. They include water outlets as well as fixtures associated with them, such as showerheads, taps/faucets, sinks, and bathroom ceramics. End-users of FoTW fixtures and fittings plumbing products mainly focus on aesthetic features, due to which the demand for these products is heavily influenced by consumer trends.
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The FoTW segment was valued at USD 69.20 billion in 2018. The market for FoTW fixtures and fittings plumbing products is expected to grow as the companies in this market are continuously enhancing their product portfolio. Some companies are introducing new and stylish product solutions for bidets, washbasins, and urinals to offer the perfect solution for all FoTW sanitary ceramics. Some are incorporating new technologies to create an ultimate bathroom experience. The demand for FoTW fixtures and fittings plumbing products is also increasing due to growing construction across residential and non-residential properties in developing countries, such as India.
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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. The market in APAC is expected to grow as companies in this region are expanding their geographic reach to new and growing markets. This will help them in meeting customer requirements, thus supporting companies to be in line with their growth strategy. Some of the companies are focusing on extending their presence on e-commerce platforms. For instance, in April 2020, Lixil Group announced that it had launched a new store on one of China's e-commerce platforms, JD. The market in this region is also supported by the regulatory authorities. Hence, such factors are driving the market in APAC during the forecast period.
The plumbing fixtures and fittings 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 market is witnessing growth driven by the repair and remodeling sector, particularly in kitchens and restrooms, where there's a demand for eco-friendly plumbing fittings and fixtures. The market is embracing smart plumbing technologies with sensors and automated systems, catering to smart homes & offices. With a focus on hygiene & sanitization, there's a shift towards high-quality plumbing fittings and fixtures in both residential and industrial buildings. This trend is further supported by the adoption of water-efficient fixtures and fittings, such as low-flow faucets and dual-flush toilets, aligning with eco-friendly plumbing solutions.
Furthermore, the market's growth is fueled by a product strategy emphasizing product innovation, scalability, and a broad breadth & depth of product offerings to meet the needs of modern architecture and renovation activities. The integration of water-efficient showerheads in both residential buildings and commercial buildings addresses concerns over water supply and waste management services, aligning with changing aesthetic appeals while promoting sustainability in new houses, apartments, and commercial spaces.
Market Scope |
|
Report Coverage |
Details |
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 Forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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 Plumbing Fixtures and Fittings market research report to meet your requirements.
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
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