Global Faucets & Taps

Global Faucets & Taps

Global demand for faucets and taps is forecast to rise 3.6% annually through 2024 to $18.6 billion. Sales will be supported by:

* growth in housing completions and nonresidential building construction, particularly in the Asia/Pacific region, by far the world’s largest market
* rising nonresidential remodeling as commercial and retail spaces retrofit for COVID-19 safety with higher value touchless faucets
* rising incomes and expanding access to water delivery and sanitation networks in developing markets
* home improvement trends in developed markets calling for bathroom additions, kitchen expansions, and higher value faucets to boost home value
* government mandates or incentives in many countries driving adoption of water-efficient products such as faucets and showerheads, which typically cost more than other types

This report covers global faucet and tap demand by Type, Market, Region, and Country. Data are provided in current dollar value.

Faucet and tap products covered in this study include:
      Bathroom sink faucets
      Bathtub and shower faucets
      Kitchen faucets and other faucets and taps (e.g., bar faucets, utility sink faucets, spigots)

Scope of the Report
This report covers the scope, size, and growth of the global faucet and tap market, including key trends in product, market, regional, and national segmentation. Historical data are provided for 2009, 2014, and 2019, with forecasts for 2024 and 2029, with year by year historical market volatility also addressed. Data are provided in current dollar value. Also included is an analysis of the industry key players and their market shares.