Plumbing Fixtures And Fittings Global Market Exploring Huge

Global Plumbing Fixtures and Fittings Market

The business research company has updated its global market reports to include the latest data for 2024 and forecasts through 2033

The business research company provides detailed market insights with the Plumbing Fixtures and Fittings Global Market Report 2024, giving companies a competitive advantage through a thorough analysis of the market structure, including estimates for numerous segments and sub-segments.

Market Size and Growth Forecast:
The market for plumbing fixtures and fittings has grown significantly in recent years. It will grow from $99.29 billion in 2023 to $107.62 billion in 2024, at a compound annual growth rate (CAGR) of 8.4%. Growth over the historical period is attributed to urbanization and infrastructure development, housing and construction booms, design innovations, water efficiency regulations, and consumer health and hygiene awareness.

The plumbing fixtures and fittings market is expected to grow rapidly in the next few years. In 2028, it will grow to $145.16 billion at a compound annual growth rate (CAGR) of 7.8%. The growth during the forecast period can be attributed to competition and innovation, development of regulatory standards, economic trends, impact of market globalization and consumer preference for aesthetics. Key trends during the forecast period include smart and connected faucets, water efficient solutions, design and aesthetics, focus on health and hygiene, modularity and customization.

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Market segmentation:
The plumbing fixtures and fittings market covered in this report is segmented:
1) By product: bathtubs, sinks, toilets, showers, faucets, drains
2) By distribution: online, offline
3) By application: new construction, repair and conversion
4) By material type: vitreous porcelain, metal, plastic
5) By End User: Residential, Commercial, Industrial

Key Drivers – Increasing global focus on wastewater treatment is driving growth in the plumbing fixtures and fittings market
The increasing focus on wastewater treatment to meet global water needs is driving the market for plumbing fixtures and equipment products purchased or rented by individuals or businesses. Wastewater treatment stimulates demand for advanced plumbing fixtures and fittings, as efficient and modern plumbing solutions are an essential part of supporting sustainable wastewater management and sanitation infrastructure. For example, as of May 2023, according to the United Nations Educational, Scientific and Cultural Organization, a specialized agency of the United Nations based in France, 2 billion people worldwide, or 26% of the population, do not have access to clean drinking water. while 3.6 billion people, representing 46%, lack access to safely managed sanitation. Between two and three billion people are affected by water scarcity for at least one month of the year. It is estimated that the urban population affected by water scarcity will increase to 1.7 to 2.4 billion people by 2050 and increasing urbanization are all major factors influencing the growth of the plumbing fixtures and fittings market.

Competitive landscape:
Some of the key companies operating in the Plumbing Fixtures and Fittings market report include 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

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Top Trend – Product innovations are changing the market for plumbing fixtures and fittings
Major companies operating in the plumbing fixtures and fittings market are developing new products such as Watersense certified bathroom products to gain a competitive advantage in the market. The WaterSense label is a program sponsored by the U.S. Environmental Protection Agency (EPA). WaterSense-labeled products and services are proven to use at least 20% less water, save energy, and perform as well or better than traditional models. For example, in January 2021, Gerber Plumbing Fixtures LLC, a US-based kitchen and bathroom products company, launched the Lemora bathroom collection, which features a harmonious blend of clean lines, subtle arches and organically inspired design elements. The collection includes WaterSense-certified, high-efficiency toilets with fully rimmed, concealed downcomers, ADA compliance and innovative technologies, as well as sink faucets and shower solutions, all available in a variety of finishes for a sophisticated and tranquil bathroom space. It has various features such as the extended ErgoHeight bowl for added comfort, the Gerber QuietClean flushing system for quiet operation and the innovative Treysta pressure balancing platform that ensures maximum installation flexibility and durability for tub and shower solutions.

The table of contents of the market report includes:
1. Summary
2. Plumbing Fixtures and Fittings Market Characteristics
3. Plumbing Fixtures and Fittings Market Trends and Strategies
4. Plumbing Fixtures and Fittings Market – Macroeconomic Scenario
5. Size and growth of the plumbing fixtures and fittings market
27. Competitive landscape and company profiles in the plumbing fixtures and fittings market
28. Major mergers and acquisitions
29. Future prospects and potential analysis
30. Appendix

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This press release was published on openPR.

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