Plumbing Parts Market Size, Share, and Analysis By Product (Fittings, Manifolds, Pipes & Tubes, and Valves), By Application (Bathtubs, Showerheads, Sinks & Toilets, Faucets, and Others), By End User (Residential and Non-Residential), By Region (North Amer

Plumbing Parts Market Size, Share, and Analysis By Product (Fittings, Manifolds, Pipes & Tubes, and Valves), By Application (Bathtubs, Showerheads, Sinks & Toilets, Faucets, and Others), By End User (Residential and Non-Residential), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Plumbing Parts Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 79.1 billion and is projected to reach USD 144 billion by the completion of 2034.

Plumbing parts are important elements of the plumbing systems that are used to transport water and remove waste within an infrastructure. They include water flow control valves, elbows, tees for pipe connections, waste and water transportation pipes, and fixtures like sinks, toilets, and showers. Moreover, plumbing parts also consist of drain assemblies (which allow water to exit fixtures), pumps (which move water in certain applications), flanges (which connect pipes to fixtures), and gaskets (which seal connections to prevent leaks). Besides, these components are available in different materials, such as brass, copper, PVC, and stainless steel, which are appropriate for the use of different plumbing environments.

MARKET HIGHLIGHTS

Plumbing parts market is projected to reach USD 144 billion over the forecast period, due to the growing demand for modern plumbing solutions as well as a growth in construction and remodeling projects. In addition, technological developments are improving the functionality of plumbing components, such as water-saving fixtures and smart faucets. Moreover, in response to ecological concerns, the market is witnessing a shift towards sustainable and eco-friendly products. Industries are heavily spending on R&D to provide new solutions that suit the tastes of today's users. Also, the plumbing parts industry is putting a strong importance on resilience in the face of difficulties such as changing raw material costs and supply chain concerns. Therefore, this dynamic environment highlights the volatile nature and continuous growth of the plumbing parts market.

Plumbing Parts Market Segments:

• By Product
• Fittings
• Manifolds
• Pipes & Tubes
• Valves
• By Application
• Bathtubs
• Showerheads
• Sinks & Toilets
• Faucets
• Others
• By End User
• Residential
• Non-Residential

MARKET DYNAMICS

Growth Drivers

Technological Expansions is Driving Growth in the Plumbing Parts Market

Growing Renovation and Remodeling Activities Act as a Catalyst for Market Growth

Restraint

Fluctuating Raw Material Costs in the Market Will Impact the Growth

Key Players

• Johnson Controls
• Honeywell International Inc.
• Moen Incorporated
• Kohler Co.
• Delta Faucet Company
• LIXIL Corporation
• Geberit International AG
• RWC (Reliance Worldwide Corporation)
• Viega LLC
• TOTO Ltd.
• Danze Inc.
• Sioux Chief Manufacturing
• Elkay Manufacturing Company
• Pfister Faucets
• Haws Corporation
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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