Hands-Free Faucet Market By Type (Sensor Tap, Hardwired Faucet, Battery Faucet, Plug In Faucet), By Application (Bathroom, Kitchen, Others), By End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031

Hands-Free Faucet Market By Type (Sensor Tap, Hardwired Faucet, Battery Faucet, Plug In Faucet), By Application (Bathroom, Kitchen, Others), By End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global hands-free faucet market was valued at $6.3 billion in 2021, and is projected to reach $10.3 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.The hands-free faucet market has seen significant growth in recent years, as more and more people seek out convenient and hygienic solutions for their homes and businesses. This type of faucet, also known as a touchless faucet, uses sensors to detect the presence of hands and automatically turn on the water flow.

The market for hands-free faucets is expected to continue growing in the coming years, driven by factors such as increased awareness of the importance of hand hygiene, the convenience and ease of use of touchless faucets, and the growing trend toward smart homes and automation.

Several major players currently dominate the hands-free faucet market, including Kohler, Delta, Moen, and American Standard. These companies offer a range of styles, finishes, and features to meet the needs of different customers, from commercial kitchens to residential bathrooms. In addition to traditional plumbing companies, a number of startups and smaller companies have entered the hands-free faucet market in recent years, offering innovative designs and features such as voice control and water conservation technology.

The rise of nuclear families has resulted in fewer extended family living arrangements and a gradual increase in household units. In 1850, almost 70% of people aged 65 and above lived with their adult children. By 2000, fewer than 15% did so. These demographic changes reflect more fundamental societal changes such as industrialization, urbanization, rise in living standards (especially for older adults), and constricted immigration that has led to increasing of households across the globe. Governments of various countries across the globe have introduced various schemes to provide concrete homes to people in the middle-class and lower-income groups.

For instance, the government of India aims to develop about 11 crore housing units, including developments to counter the current shortage of about 6 crore units. Besides, the government plans to provide housing to all Indian citizens by 2022. The housing need is almost equally distributed in urban and rural areas in the range of 5-6 crore units and primarily consists of affordable houses. Moreover, the Smart Cities Mission announced by the Indian Government requires $7.75 billion to be spent over the next five years in building the proposed 100 smart cities in India.

Therefore, the demand for faucets and other products is expected to witness a substantial rise with the advent of new residential and commercial establishments. In addition, builders too have started to understand the importance of having bathrooms with a premium look, as demand for such units is on the rise. Consumers across the globe are gradually purchasing more premium and technology-driven products owing to rise in their earnings and the propensity to spend. The returns on high end flats are better for the real-estate players, and thus, they are constructing flats with premium accessories such as automated faucets.

Most of the reason for the explosive growth of no-name/private label imported faucets is relative ease of availability at affordable price. The cost of launching a business to import Asian, especially Chinese faucets, is substantially minimal. No substantial investment is needed in factories or machinery. No expensive brick and mortar stores are required. All that is needed is a source of some inexpensive faucets, a place to store the faucets until they are sold, and an online platform to sell them. Finding Asian faucets to buy is incredibly easy. Websites such as Alibaba.com, China.cn, and TaiwanTrade.com exist for the sole purpose of connecting Asian manufacturers and distributors with overseas buyers. Alibaba alone lists over 380,000 sources of Asian faucets, most small distributors but some are giant Chinese factories. These faucets factories are not certified by an international agency; thus, products manufactured in these factories may contain hazardous materials, which is hampering market growth.

Over the past few years, adoption of internet of things (IoT) in the U.S. has fueled the smart home technologies. Major manufacturers are adopting various strategies including product innovation and expansion of distribution channels, to increase their market share. For instance, in July 2017, Kohler Co. redefined the scope of exclusive stores and showrooms with the introduction of KOHLER ‘Experience Centers’. These centers help in the enhancement of product experience when displayed in front of the design professionals and consumers. These experience centers helped in detailed understanding of products and services provided by the company. The company is focused on targeting the top ten lucrative markets including New York, Los Angeles, Bangkok, London, Singapore, Shanghai, Hong Kong, New Delhi, Taipei, and Dubai.

The hand free faucets market is segmented on the basis of type, application, end user, and region. The segmentation for application includes bathroom, kitchen, and others. By product type, it is classified into sensor tap, hardwired faucet, battery faucet, and plug-in faucet. By end user, the market is bifurcated into commercial and residential. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players in the hand-free faucets market include Hardly Décor, Euronics Industries Pvt Ltd, Jaquar, Masco Corporation, Sloan Valve Company, Inter IKEA Systems B.V., GROHE, Zurn Industries, LLC, LIXIL Corporation, Kohler Co., Symmons Inc., Geberit Group, Archiproducts, Professional Plumbing Group, and Zurn Industries, LLC.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hands-free faucet market analysis from 2021 to 2031 to identify the prevailing hands-free faucet market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hands-free faucet market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hands-free faucet market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Sensor Tap
Hardwired Faucet
Battery Faucet
Plug In Faucet

By Application

Bathroom
Kitchen
Others

By End User

Residential
Commercial
Subsegment
Restaurants
Malls
Public Utilities

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Austria
Netherlands
Denmark
Poland
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Thailand
Malaysia
Singapore
Indonesia
New Zealand
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Middle East
Saudi Arabia
Egypt
Nigeria
Rest of LAMEA
Key Market Players
Jaquar Group
Zurn Industries, LLC
PlumbMaster
Euronics Industries Pvt. Ltd.
Professional Plumbing Group, Inc.
Archiproducts
Kohler Co.
Symmons Inc. 
Sloan Valve Company
Masco Corporation 

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