Global Faucet Market 2024-2028
The faucet market is forecasted to grow by USD 15.58 bn during 2023-2028, accelerating at a CAGR of 9.03% during the forecast period. The report on the faucet market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in luxury homes due to changing consumer preferences and lifestyles, increasing construction activities globally, and growing brand awareness in faucet industry.
Technavio's faucet market is segmented as below:
By Technology
- Cartridge
- Compression
- Ceramic disc
- Ball
By End-user
- Residential
- Non-residential
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the emergence of air-induced spray technology as one of the prime reasons driving the faucet market growth during the next few years. Also, introduction of smart faucets and rising demand for faucets from emerging economies will lead to sizable demand in the market.
The report on the faucet market covers the following areas:
- Faucet market sizing
- Faucet market forecast
- Faucet market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading faucet market vendors that include ALTON, CERA Sanitaryware Ltd., Eczacibasi Holding AS, FiveStar Brass India Ltd., Fortune Brands Innovations Inc., Globe Union Industrial Corp., Hindware Home Innovation Ltd., Jaquar Group, Kingston Brass Inc, Kohler Co., LIXIL Corp., Lowes Co. Inc., Masco Corp., Oras Ltd., Queo Bathrooms, Roca Sanitario SA, Toto Ltd., Ultra Faucets, VIGO INDUSTRIES LLC, and Zurn Elkay Water Solutions Corp.. Also, the faucet market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.