Plumbing Fixtures And Fittings Market size is set to grow by USD 51.5 billion from 2024-2028, rise in construction activities to boost the market growth, Technavio

NEW YORK, June 18, 2024 /PRNewswire/ — The global market for sanitary fittings and accessories is estimated to grow by 51.5 billion US dollars from 2024 to 2028, according to Technavio. The market is expected to grow at a compound annual growth rate of 8.08% during the forecast period. Rise in construction activities is driving the market growth, with a trend towards eco-friendly sanitation solutions. However, fluctuating raw material prices are posing a challenge. Major market players include AKW Medi-Care Ltd., American Bath Group, Delta Faucet Co, Elkay Manufacturing Co., Geberit International AG, Gerber Plumbing Fixtures LLC, HSIL Ltd, Ideal Standard Gulf FZCO, Jacuzzi Brands LLC, LIXIL Corp., Masco Corp., Midland Industries, neXgen Plumbing Products, Roca Sanitario SA, Somany Ceramics Ltd., Jaquar India, Toto Ltd., United States Plastic Corp., Victorian Plumbing, and Villeroy and Boch AG.

Plumbing Fixtures And Fittings Market size is set to grow by USD 51.5 billion from 2024-2028, rise in construction activities to boost the market growth, Technavio

Technavio has released its latest market research report titled “Global Sanitary Fittings and Accessories Market 2024-2028”.

Get detailed analysis of regions, market segments, customer landscape and companies – Click here to view the snapshot of this report.

Forecast period

2024–2028

Base year

2023

Historical data

2018 – 2022

Segment covered

Application (FoTW and BTW), distribution channel (offline and online) and geography (APAC, Europe, North America, Middle East and Africa and South America)

Region covered

APAC, Europe, North America, Middle East and Africa and South America

Profile of the main companies

AKW Medi-Care Ltd., American Bath Group, Delta Faucet Co, Elkay Manufacturing Co., Geberit International AG, Gerber Plumbing Fixtures LLC, HSIL Ltd, Ideal Standard Gulf FZCO, Jacuzzi Brands LLC, LIXIL Corp., Masco Corp., Midland Industries, neXgen Plumbing Products, Roca Sanitario SA, Somany Ceramics Ltd., Jaquar India, Toto Ltd., United States Plastic Corp., Victorian Plumbing and Villeroy and Boch AG

Key market trends drive growth

The plumbing fixtures and accessories market is growing significantly due to the increasing adoption of eco-friendly solutions. Water-efficient toilets, such as those with improved aesthetics, save about 40% water compared to traditional models. Eco-friendly sprinkler systems, including drip systems, minimize water consumption in outdoor areas. Water-efficient showerheads reduce water consumption by 25-35% without compromising performance. These innovations are contributing positively to the expansion of the market during the forecast period.

The plumbing fittings and accessories market is currently experiencing strong growth with a focus on modern and efficient solutions. Urbanization and the need for comfortable living spaces are driving the demand for modern plumbing fittings and accessories. Technology is playing a crucial role in this sector, with smart and sensor-based fittings becoming increasingly popular. These include toilet seats with bidet functionality, temperature-controlled shower heads and water-saving faucets. In addition, the use of materials such as copper, PVC and stainless steel in plumbing components is increasing. The market is also witnessing a trend towards eco-friendly and sustainable products as consumers are becoming more conscious of their environmental impact. Overall, the plumbing fittings and accessories market is an exciting space full of innovations and growth opportunities.

The story goes on

The research report provides comprehensive data on the impact of the trend. For more details, please visit Download a Sample Report

Market challenges

  • The plumbing fixtures and accessories industry is subject to fluctuations in raw material prices due to various factors. These include standardization and certification requirements, import restrictions, and regulatory compliance. The cost of raw materials such as tin, lead, and nickel can significantly affect the market growth. In addition, temporary steel shortages can increase the cost of production. As a result, the volatility in raw material prices negatively impacts the expansion of the global plumbing fixtures and accessories market.

  • The plumbing fittings and accessories market faces several challenges. Sensors and technology play a major role in this industry, with smart systems and automation becoming increasingly popular. However, the cost of implementing these technologies can be a barrier for some companies. Another challenge is the availability and cost of raw materials, especially metals such as copper and brass, which are essential for the production of plumbing fittings and accessories. In addition, regulations and compliance requirements can make the manufacturing process more complex and expensive. In addition, the market is highly competitive, with many players vying for market share, so companies need to focus on innovation, quality, and cost-effectiveness to remain competitive.

For further insights into drivers and challenges – Download a sample report

Segment overview

This Sanitary Fittings and Accessories Market report covers in detail the market segmentation by

  1. Application

Distribution channel

Geography

1.1 FoTW – The front-of-the-wall (FoTW) fixtures and fittings market comprises visible sanitary ware products including water outlets and associated fittings such as shower heads, faucets, wash basins and bathroom ceramics. Consumer trends are significantly impacting demand as vendors are introducing new, stylish solutions for bidets, wash basins and urinals. Technological advancements are also fueling growth. Despite the challenges posed by the COVID-19 pandemic, the resumption of construction activities and government support have revived sales in 2020, setting the stage for further expansion during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historical data (2018 – 2022), please click here: Download a sample report

Research analysis

The residential plumbing fixtures and accessories market is experiencing significant growth due to urbanization and increasing demand for smart homes. Multipolymer processors using advanced technologies such as Corzan CPVC are leading the way in water-saving plumbing solutions. These innovations are essential in today's world where water consumption and efficiency are key concerns. Smart homes integrate plumbing infrastructure with advanced technology, offering convenience and improved functionality. Bathroom fixtures and accessories, including sinks, toilets, showers, and bathtubs, are being upgraded with water-saving features. Plumbing fixtures such as pipes, valves, connectors, and faucets are also being designed with water efficiency in mind. Repair and remodeling projects in kitchens and toilets often involve replacing old plumbing fixtures and accessories with new, water-saving models. As residential buildings continue to evolve, the plumbing fixtures and accessories market will remain an important part of urbanization and sustainable living.

Market Research Overview

The plumbing fittings and accessories market comprises a wide range of products used in both residential and commercial buildings. These include faucets, valves, showers, toilets, wash basins, and various other types of fittings and accessories. The market is driven by factors such as increasing urbanization, growing construction activities, and rising demand for water conservation and efficient plumbing systems. The use of modern materials such as brass, stainless steel, and PVC in the manufacturing of these fittings and accessories adds to their durability and longevity. The market is also witnessing the emergence of smart and energy efficient plumbing solutions, which offer significant growth opportunities. The demand for these products is expected to remain strong due to the ongoing infrastructure development and renovation projects across the globe.

Table of contents:

1. Summary
2 Market landscape
3 Market dimensioning
4 Historical market size
5 Five Forces Analysis
6 Market segmentation

  • Application

  • Distribution channel

  • Geography

7 Customer landscape
8 Geographical landscape
9 drivers, challenges and trends
10 Corporate landscape
11 Company analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory firm. The company's research and analysis focuses on emerging market trends and delivers actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 dedicated analysts, Technavio's report library includes more than 17,000 reports and growing, covering 800 technologies and 50 countries. Their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

contacts

Technavio Research
Jesse Maida
Media and Marketing Manager
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Sanitary Fittings and Accessories Market 2024-2028Global Sanitary Fittings and Accessories Market 2024-2028

Global Sanitary Fittings and Accessories Market 2024-2028

Decision

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Source: Technavio

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