Comprehensive Plumbing Fixtures and Fittings Market Analysis 2024: Size, Share, And Key Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The plumbing fixtures and fittings market has exhibited robust growth, surging from $99.29 billion in 2023 to $107.62 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.4%. This growth during the historic period is attributed to factors such as urbanization and infrastructure development, a booming housing and construction sector, innovations in design, adherence to water efficiency regulations, and heightened consumer awareness of health and hygiene. Looking ahead to 2028, the plumbing fixtures and fittings market is projected to sustain strong growth, reaching $145.16 billion with a slightly reduced CAGR of 7.8%. Anticipated factors driving growth in the forecast period include increased competition and innovation, the evolution of regulatory standards, economic trends, the impact of market globalization, and a growing consumer preference for aesthetic considerations. Key trends in the forecast period encompass the integration of smart and connected fixtures, the adoption of water-efficient solutions, emphasis on design and aesthetics, a focus on health and hygiene, and the promotion of modularity and customization.
The market for plumbing fittings and fixtures experiences growth propelled by the increasing focus on sewerage treatment to meet global water demands. Efficient sewerage treatment drives the demand for advanced plumbing solutions, essential for sustainable wastewater management and sanitation infrastructure. According to the United Nations Educational, Scientific and Cultural Organization, 2 billion people lack access to safe drinking water, while 3.6 billion lack safely managed sanitation. With projections indicating between two and three billion people facing water shortages annually, and urban water scarcity predicted to affect 1.7–2.4 billion individuals by 2050, the increasing population, water scarcity, and urbanization drive the plumbing fixtures and fittings market growth in 2023, 2024, and beyond.
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What Are The Key Trends That Influence Plumbing Fixtures and Fittings Market Share Analysis?
Technological advancements are shaping the plumbing fixtures and fittings market. Major companies in the plumbing fixtures and fittings market are advancing towards adopting new technologies and research and developments in the plumbing fixtures and fittings market. For instance, in August 2021, Prince Pipes and fittings, an Indian PVC pipe manufacturer and multi polymer processor launches a prince one for CPVC piping systems with Corzan CPVC technology in association with the Lubrizol investors. The new CPVC pipes have heat, UV resistance, flame, and smoke pressure among other new technology.
Which Market Players Are Driving Growth In The Plumbing Fixtures and Fittings Market?
Major companies operating in the plumbing fixtures and fittings market report are Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi, Grundfos, Roca Sanitario, Moen, American Standard, Bemis Company, Moen Incorporated, Elkay Manufacturing Company, Mansfield Plumbing, Oatey Company, Liberty Pumps, Little Giant, Newport Brass, Nuvo H2O, MAAX Bat, Brizo Faucets, Danze, Delta, DreamLine Shower, GROHE, InSinkErator, Jensen Medicine Cabinets, Peerless, Pioneer, Price Pfister, Sloan, Speakman, Symmons, Viega, Waste King, ADS, ALFI, Alsons, Aquatic Bathware, Arrowhead Brass
How Is The Global Plumbing Fixtures and Fittings Market Segmented?
The plumbing fixtures and fittings market covered in this report is segmented –
1) By Product: Bathtub, Sinks, Toilets, Showers, Taps, Drains
2) By Distribution: Online, Offline
3) By Application: New Construction, Repair And Remodel
4) By Material Type: Vitreous China, Metal, Plastic
5) By End-User: Residential, Commercial, Industrial
Read The Full Plumbing Fixtures and Fittings Market Report Here
The Plumbing Fixtures and Fittings Global Market Report 2024 provides an overview of the plumbing fixtures and fittingsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plumbing fixtures and fittings market forecast analyzes plumbing fixtures and fittings market size, plumbing fixtures and fittings market share, leading competitor and their market positions.
The Table Of Content For The Plumbing Fixtures and Fittings Market Include
1. Plumbing Fixtures and Fittings Market Executive Summary
2. Plumbing Fixtures and Fittings Market Segments
3. Plumbing Fixtures and Fittings Market Size And Template Market Growth Rate
4. Key Plumbing Fixtures and Fittings Market Trends
5. Major Plumbing Fixtures and Fittings Market Drivers
……
25. Key Mergers And Acquisitions In The Plumbing Fixtures and Fittings Market
26. Top Plumbing Fixtures and Fittings Companies
27. Plumbing Fixtures and Fittings Market Opportunities And Strategies
28. Plumbing Fixtures and Fittings Market, Conclusions And Recommendations
29. Appendix
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