New York, USA, March 8, 2023 (GLOBE NEWSWIRE) – Plumbing installations and fittings Market overview
According to a comprehensive research report by Market Research Future (MRFR), Plumbing Fixtures and Fittings Market Information by product type, operating platforms and region – forecast to 2030“In 2021, the plumbing fixtures market was worth $108.07 billion. From 2022 to 2030, the plumbing fixtures market is expected to grow by 5.88% from $114.42 billion in 2022 to $170.69 billion in 2030.
Market scope
Demand for plumbing fixtures and fittings in the United States is expected to grow 4.4% annually to $15.9 billion in 2024. As homeowners continue to remodel their homes to add more and larger bathrooms and expanded kitchens, the large domestic improvement and repair market will play an important role in supporting future increases in demand. As a result, additional plumbing equipment such as sinks and toilets, as well as the fittings connecting them to the water supply and sewer pipes, are installed.
Demand for plumbing fixtures and plumbing fixtures is driven by design trends that require the addition of additional bathrooms in both residential and commercial facilities. Some of these bathrooms will have bathtubs and/or showers, requiring the installation of stalls and receptors, surrounds and fixtures. Even if a complete bathroom is not specified, almost every bathroom has toilets and sinks as well as their associated fittings, which leads to an overall increase in demand.
Competitive Landscape of the Market:
Major companies in the plumbing fixtures and fittings market include:
- Geberit AG (Switzerland)
- Fortune Brands Home & Security Inc.
- LIXIL Group Corporation
- Masco Corporation
- TOTO LTD
- Roca Sanitario SA
- GWA Group Limited (Australia)
- Elkay Manufacturing Company
- Kohler Co. (USA)
- Hindware Houses
- Among others.
Get a free sample PDF brochure:
https://www.marketresearchfuture.com/sample_request/2399
Report scope:
| Report attribute | details |
| Market size in 2030 | $170.69 billion |
| CAGR | 5.88% (2022-2030) |
| Base year | 2021 |
| Forecast period | 2022-2030 |
| Historical data | 2020 |
| Forecast units | Value (USD million) |
| Report coverage | Sales forecast, competitive landscape, growth factors and trends |
| Segments covered | By product type, by operating platforms and by region |
| Regions covered | North America, Europe, Asia Pacific and Rest of the World (RoW) |
| Key market drivers | The housing construction industry is expanding. |
| Emerging economies are accelerating urbanization and industrialization |
Strategic asset allocation and positioning is designed to help each market competitor achieve their growth goals. The implementation of favorable policy measures by several countries is predicted to improve the profit potential of the market. The scope of development of the market indicates significant growth potential that the industry can achieve in the coming years. The availability of appropriate methodologies to develop robust distribution channels is expected to characterize the future expansion of the market during the forecast period. Economic stability should lead to good development of global market strength. Improvement in research and development facilities and equipment will also impact market expansion.
February 2023
Plumbing Superstore, an online-only plumbing and bathroom supply company, has entered the market.
The new website offers almost everything a homeowner or tradesperson needs to install or renovate a bathroom, including access to over 100,000 products and useful product guides to assist with the product selection and installation process.
The complete collection includes premium plumbing and heating items such as copper pipes and fittings, plastic pipes and connectors, water filters, insulation, insulation and accessories, as well as sanitary ware and other bathroom accessories such as vanity units, bathroom cabinets, wall-mounted sinks, bathroom mirrors, faucets and drain fittings.
Browse the detailed market research report (237 pages) on Plumbing Fixtures and Fittings:
https://www.marketresearchfuture.com/reports/plumbing-fixtures-fittings-market-2399
Covered Market USP:
Market leader:
The urbanization push is clearly driving market expansion. With increasing urbanization and increasing construction activity, private and commercial end users are increasingly turning to plumbing fixtures and fittings. Increasing urbanization will increase the demand for houses or apartments, which will increase the demand for plumbing fixtures and fittings throughout the forecast period.
The accelerated economic expansion in APAC developing countries such as China and India has led to a significant increase in the disposable income of consumers in these countries. With greater purchasing power, consumers are choosing higher quality plumbing fixtures. This will definitely boost the global market.
The high cost of conventional site-built homes and the increasing emphasis on energy efficiency are driving demand for prefabricated homes (manufactured homes) and mobile homes in many areas. The cost of local homes has risen faster than most people’s incomes, encouraging new buyers to consider manufactured homes as a long-term housing solution. Since prefabricated structures include solutions such as faucets, valves, showers and urinals in their design, the demand for plumbing may slowly increase.
In the United States, the cost of a site-built single-family home is higher than the typical cost of a mobile home. This significant discrepancy in investment alternatives for housing construction increases the demand for prefabricated houses. As a result, increasing demand for prefabricated houses and mobile homes will drive market expansion throughout the forecast period.
Market restrictions:
The raw materials used in plumbing fixtures change from time to time. To ensure safety and security, furnishings should comply with standards and certifications. In addition, import restrictions on scrap metal and other raw materials directly affect their cost, leading to price volatility. In addition, strict rules to protect the quality of materials used in bathroom and kitchen faucets (such as tin, lead and nickel) are likely to curb market growth. In addition, a temporary shortage of steel may result in higher production costs for plumbing fixtures. As a result, fluctuating raw material prices would have a negative impact on market growth during the forecast period.
Ask for discount:
https://www.marketresearchfuture.com/check-discount/2399
COVID-19 analysis
The deadly COVID-19 pandemic has swept the globe. In March 2020, the WHO declared the coronavirus a pandemic, which led to lockdowns in most affected countries. Due to the strict restrictions imposed by global government authorities, industrial companies have been forced to allow their employees to work remotely and electronically. On the other hand, the use of automated generated technologies to reduce human involvement in areas such as manufacturing and production facilities is expected to boost the overall growth of the global automotive market throughout the forecast period ending in 2030. The wide use of technology in the automotive sector, including automated machines and advanced electronics, has kept organizations running smoothly.
Market segmentation
On application
The plumbing fixtures and fittings market can be divided into commercial and residential applications. Due to increasing urbanization and increasing population, the residential segment accounts for the majority of the market share.
By product
The global plumbing fixtures and fittings market is divided into four product categories: toilet faucets and fixtures, kitchen and sink faucets and fixtures, bathroom faucets and fixtures, and others. The bathroom equipment and fittings market is the most developed.
By material
The global plumbing fixtures and fittings market is segmented by material into metal, vitreous China and plastic. Due to its high durability, dirt-repellent surface and hygienic properties, vitreous porcelain is the industry leader.
Buy now:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2399
Discover more research reports on construction industryfrom Market Research Future:
Ductile Iron Pipe Market Research Report: Information by diameter (DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000 and DN2000 and above), by application (water, wastewater and irrigation) and by region (North America , Europe, Asia-Pacific and Rest of the World) – Market Forecast to 2030
About Ceramic Tiles Market Research Report by Raw Material (Feldspar, Kaolin, Bentonite and Quartz Sand), by Product (Ceramic Tiles, Floor Tiles and Others), by Application (Residential and Commercial) and by Region (North America, Europe). , Asia Pacific and Rest of the World) – Market Forecast to 2030.
Market research report information on excavators by type (mini/compact excavators and crawler/wheeled excavators), by end user (contractors, rental companies and others), by application (mining, construction and utilities) and by region (North America, Europe, Asia Pacific and Rest of the World) – Market forecast until 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that prides itself on its services and offers complete and accurate analysis related to various markets and consumers worldwide. Market Research Future has the primary goal of providing its customers with high quality and detailed research results. Our market research studies by products, services, technologies, applications, end users and market participants for market segments at global, regional and country levels enable our customers to see more, know more and do more, helping them answer their most important questions .
Follow us: LinkedIn | Twitter
Comments are closed.