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The residential plumbing market size is forecast to increase by USD 26.20 billion at a CAGR of 4.95% between 2023 and 2028. The market is experiencing significant growth due to economic development and the increasing construction of new residential buildings worldwide. This expansion is driven by the demand for advanced plumbing pipes, and plumbing fixtures and fittings including water efficiency, smart homes, eco-friendly fixtures, touchless operation, and antimicrobial fixtures. These trends reflect consumers' heightened focus on hygiene awareness and infrastructure projects. Additionally, the market is being influenced by the increasing popularity of infrastructure projects that prioritize sustainable and eco-friendly practices. The high cost and maintenance of residential plumbing systems remain challenges for market growth. However, the market's potential is vast, with opportunities in both developed and developing economies. Furthermore, by staying informed of these trends and challenges, industry participants can position themselves for success in the evolving residential plumbing landscape.
The market is a significant sector within the construction industry, encompassing various fixtures and systems used in both new and existing homes. This market caters to the demand for water distribution, drainage, and water conservation solutions in kitchens and bathrooms, as well as in other areas such as spas and hot tubs. Key factors driving the growth of the market include the increasing focus on water efficiency and conservation, the rising demand for easy-to-clean and non-corrosive materials, and the growing preference for exchangeable devices and accessories. Water conservation remains a critical concern for homeowners and builders alike, leading to the adoption of water-saving fixtures and technologies.
For instance, low-flow showerheads, dual-flush toilets, and water-efficient faucets are becoming increasingly popular. These fixtures not only help reduce water usage but also lower utility bills and contribute to overall water savings. Another significant trend in the market is the use of non-corrosive materials, such as PEX (Cross-Linked Polyethylene) pipes, for water distribution systems. These materials offer several advantages, including improved durability, flexibility, and resistance to corrosion and scale build-up. Moreover, they are easier to install and require less maintenance compared to traditional materials like copper and galvanized steel. Easy-cleaning fixtures and fittings are also gaining popularity in the market.
Furthermore, homeowners are increasingly looking for fixtures that require minimal maintenance and upkeep, particularly in high-traffic areas like kitchens and bathrooms. This trend is driving the demand for fixtures made from materials like stainless steel, which is easy to clean and resistant to bacteria and mold growth. The growing preference for exchangeable devices and accessories is another key trend shaping the market. Homeowners are increasingly opting for fixtures that offer the flexibility to be easily upgraded or replaced, allowing them to customize their spaces and keep up with the latest design trends. In the realm of residential plumbing, various fixtures and systems are essential, including sinks, toilets, showers, bathtubs, bidets, urinals, and drains, among others.
Each of these fixtures plays a crucial role in ensuring the functionality and comfort of a home. For instance, sinks are an essential component of any kitchen, providing a space for food preparation and washing dishes. Toilets, on the other hand, are essential for maintaining personal hygiene, while bathtubs and showers offer relaxation and rejuvenation. In conclusion, the market is a dynamic and evolving sector, driven by factors such as water conservation, easy-cleaning fixtures, and the growing preference for non-corrosive materials and exchangeable devices. As homeowners continue to prioritize functionality, durability, and design, the demand for innovative plumbing solutions is expected to remain strong.
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 renovations and upgrades segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of products, including plumbing fixtures, faucets, taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, hot tubs, and spas. This segment caters to the demands of homeowners, property managers, and building owners to enhance the functionality, efficiency, and sustainability of their plumbing systems. Renovation projects and system upgrades include the replacement of outdated bathroom and kitchen fixtures, repair or replacement of aging pipes, and integration of modern, water-saving technologies. Sustainability and water efficiency are major trends driving the renovations and upgrades segment. Homeowners are increasingly prioritizing eco-friendly and cost-effective solutions for their plumbing installations. Exchangeable devices, such as low-flow showerheads and dual-flush toilets, are gaining popularity due to their ease of installation and water-saving capabilities.
Moreover, plumbing contractors play a vital role in providing expert advice and services for renovation projects. They offer solutions using non-corrosive materials for pipes, ensuring longevity and easy cleaning. Additionally, they provide effective drainage systems to prevent clogs and water damage. The market also caters to the demand for water efficiency and smart homes, making it an essential sector for the construction and renovation industry.
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The renovations and upgrades segment was valued at USD 57.01 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 50% 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 experienced significant growth in countries like India and China in 2023, driven by an increase in building permits and government initiatives. For instance, India's finance minister announced plans to construct 20 million new houses in the next five years, while China unveiled its strategy to modernize its construction industry during the 14th Five-Year Plan (2021-2025). This shift towards a more sustainable, technologically advanced, and secure approach is expected to boost innovation, efficiency, and economic growth in the industry. Plumbing products, including faucets, taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, and hot tubs, will benefit from these developments. In addition, Kitchen and bathroom drainage systems are being upgraded to meet the demands of modern living, providing convenience and functionality in line with the latest trends.
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 several residential buildings globally is the key driver of the market. The market in the US has witnessed notable growth, driven primarily by the increasing number of new residential constructions and home improvement projects. This trend can be attributed to the expanding population and urbanization, leading to a heightened focus on modern living standards. New residential buildings, ranging from single-family homes to multi-unit structures, necessitate the installation of various plumbing systems and solutions. Moreover, the adoption of smart plumbing products and water-efficient fixtures is on the rise, as homeowners and developers prioritize water conservation and sustainability. These innovative products not only enhance the functionality and convenience of residential plumbing systems but also contribute to overall water distribution efficiency.
Additionally, the market for luxury plumbing accessories and drains continues to expand, catering to the demand for high-end residential projects. In the US, the population is projected to grow, with an increasing percentage of individuals residing in urban areas. As a result, the demand for plumbing products, services, and solutions is expected to remain strong, ensuring continued growth for the market.
The advent of eco-friendly plumbing solutions is the upcoming trend in the market. In the realm of residential plumbing, eco-friendly solutions are gaining significant traction as consumers seek ways to save money, minimize their carbon footprint, and promote water and energy efficiency. Eco-friendly plumbing systems offer superior performance and contribute to a more sustainable living environment. Toilets are a crucial component of eco-friendly plumbing systems. Water-efficient models, which have been in the market for some time, are now being enhanced with modern aesthetics. These toilets save approximately 40% of the water used compared to traditional models. Another essential aspect of eco-friendly plumbing is the use of smart irrigation systems, such as drip systems, for outdoor spaces.
Furthermore, these systems minimize water usage while keeping gardens and landscapes lush and green. By reducing evaporation and optimizing water usage, these systems contribute to a more sustainable living environment. Furthermore, the integration of touchless and antimicrobial fixtures adds an extra layer of hygiene and convenience to eco-friendly plumbing systems. These features are particularly relevant in the current climate, where health and safety concerns are at the forefront of many homeowners' minds. Infrastructure projects, such as the development of new residential properties and the renovation of existing ones, offer opportunities to incorporate eco-friendly plumbing solutions. By prioritizing water efficiency and sustainability, these projects can contribute to the economic development of local communities while promoting a more eco-conscious lifestyle.
The high cost and maintenance of residential plumbing is a key challenge affecting the market growth. The market encounters substantial hurdles due to the elevated expenses and upkeep demands linked to plumbing installations. These obstacles can adversely affect homeowners, plumbing contractors, and the expansion of the plumbing sector. One of the major hurdles is the substantial investment required to install a plumbing system in a residential dwelling.
Furthermore, homeowners and contractors must address these challenges to ensure the optimal functionality and longevity of plumbing fixtures, such as valves, sinks, toilets, showers, bathtubs, bidets, urinals, and other related installations, during construction, remodeling, or renovation projects.
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.
American Bath Group - The company offers residential plumbing products and solutions under its Bootz brand product line.
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 a significant sector in the construction industry, encompassing various fixtures and fittings used for water distribution and drainage systems in homes. This market caters to the demands of new residential construction and improvement projects, focusing on both aesthetic appeal and economic development. Key products in this market include faucets, taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, and accessories such as drains, valves, and pipes. Smart plumbing products, water-efficient fixtures, and eco-friendly solutions are gaining popularity due to the increased focus on water conservation and sustainability. The market also includes luxury plumbing products for high-end homes and commercial facilities, featuring modern designs and premium quality materials like fiberglass, acrylic, enamel, cast iron, steel, waterproof wood, and more.
Furthermore, infrastructure projects, such as new construction, repair and remodeling, and renovation, are major drivers for the growth of the market. Additionally, the market caters to various sectors, including bathrooms and kitchens, with offerings like water closets, washbasins, flushing cisterns, and more. Smart homes, touchless operation, antimicrobial fixtures, and hygiene awareness are emerging trends in the market. Infrastructure projects, such as spas, hot tubs, and medical treatment facilities, also contribute to the market's growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
201 |
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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 4.95% |
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Market Growth 2024-2028 |
USD 26.20 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.51 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 50% |
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Key countries |
US, China, India, Canada, Germany, Japan, France, UK, Australia, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Bath Group, Astral Ltd., Bradford White Corp., Chemed Corp., Colston Bath, Credo Trading, Elkay Manufacturing Co., Geberit International AG, Globe Union Industrial Corp., Home Depot Inc., Kohler Co., LIXIL Corp., Lowes Co. Inc., Masco Corp., Moen Inc., Reliance Worldwide Corp. Ltd., Rheem Manufacturing Co., The Supreme Industries Ltd., Toto Ltd., and Uponor Corp. |
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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 |
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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. |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Fitting
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 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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