Global Kitchen Faucets Market To Be Driven By Rising Number Modernised Kitchens In The Forecast Period Of 2021-2026 – Designer Women
Expert Market Research’s new report, titled Global Kitchen Faucets Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026, provides in-depth analysis of the global Kitchen Faucets market and evaluates the market on the basis of its Segments such as type, installation, faucet holes, material type, and major regions. The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 6%
In recent years, plumbing companies have thrived, fueling the growth of the global kitchen faucet market. The preference for practical kitchens and bathrooms is also expected to increase along with an aesthetic appeal to fuel the growth of the faucet industry. The increasing use of modernized bathrooms and kitchens should boost demand. Along with the improvement in lifestyle, ever-changing consumer preferences have driven up spending on luxury homes and renovations, thereby contributing to industry demand. As it is easier to use and less expensive, customers also prefer the bar faucet.
Industry definition and main segments
Faucets are devices used in a plumbing system to control the flow of water. These faucets are widely used in the kitchen, bathroom and other areas where water is required on a regular basis. To meet a variety of consumer needs, faucets come in a variety of styles, colors, and finishes.
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By type, the market is segmented into:
• Pull-down faucet
• Pull-out faucet
• Hands free
• bar taps
• Pot filter
• With sprayer
On the basis of install, the market is segmented into:
• Deck mount
• Wall mount
Based on faucet holes, the market is segmented into:
By material type, the market is segmented into:
• Stainless steel
Regional markets for the product include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Customers around the world are demanding more elegant, convenient and environmentally friendly kitchen faucets. In the residential market, automated water fittings are setting new standards and setting new standards. Numerous companies in the sanitary industry are therefore heavily dependent on technological progress. Hands-free faucets also present the requirements for hands-free faucets as they are manufactured using sensor technology. Additionally, many customers are expected to adopt hands-free faucets in the projected time frame. A major trend observed by traditional kitchen faucet manufacturers in the market population, aiming to develop advanced faucets that will attract a complete consumer base.
Important market participants
The major players in the market include Jaquar Group, LIXIL Corporation, Kohler Co, Hansgrohe SE, Delta Faucet Company, Dornbracht GmbH & Co.KG, and Roca Sanitario, SA, among others. The report covers the market shares, capacities, asset turnover, expansions, investments and mergers and acquisitions among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly monitoring the impact of this rapidly evolving situation on the markets and consumer purchasing behavior. Therefore, our latest estimates and analysis on the current market trends and forecasts will comprehensively reflect the impact of this emerging pandemic.
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