Global Automatic Faucet Market Growth 2023-2029

Global Automatic Faucet Market Growth 2023-2029

An automatic faucet is a faucet equipped with a proximity sensor and mechanism that opens its valve to allow water to flow in response to the presence of a user's hands in close proximity. The faucet closes its valve again after a few seconds or when it no longer detects the presence of a user's hands.
LPI (LP Information)' newest research report, the “Automatic Faucet Industry Forecast” looks at past sales and reviews total world Automatic Faucet sales in 2022, providing a comprehensive analysis by region and market sector of projected Automatic Faucet sales for 2023 through 2029. With Automatic Faucet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automatic Faucet industry.
This Insight Report provides a comprehensive analysis of the global Automatic Faucet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automatic Faucet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automatic Faucet market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automatic Faucet and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automatic Faucet.
The global Automatic Faucet market size is projected to grow from US$ 1585.7 million in 2022 to US$ 2770.8 million in 2029; it is expected to grow at a CAGR of 2770.8 from 2023 to 2029.
Global Automatic Faucet key players include LIXIL Water Technology, Masco Corporation, Kohler, TOTO, Moen, etc. Global top five manufacturers hold a share about 40%.
Asia-Pacific is the largest market, with a share about 50%, followed by China, and North America, both have a share about 35%.
In terms of product, Wall Mounted Faucet is the largest segment, with a share about 85%And in terms of application, the largest application is Commercial, followed by Commercial, Residential, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Automatic Faucet market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Deck Mounted Faucet
Wall Mounted Faucet
Segmentation by application
Residential
Commercial
Public Utilities
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LIXIL Water Technology
Masco Corporation
Kohler
TOTO
Moen
Roca
Geberit
Sloan Valve
PRESTO Group
Oras
Joomo
Pfister
Beiduo Bathroom
Sunlot Shares
Advanced Modern Technologies
TCK
ZILONG
Fuzhou GIBO Induction Sanitary Ware

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automatic Faucet market?
What factors are driving Automatic Faucet market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automatic Faucet market opportunities vary by end market size?
How does Automatic Faucet break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.