Plumbing Fittings Market Size, Share & Trend Analysis, By Product Type, By Component, By Material, By Application, By Distribution Channel, By Geography Competitive Tactics, and Segment Forecast to 2030

Plumbing Fittings Market: Introduction

Reports & Insights predicts that the global plumbing fittings market is expected to grow at a CAGR of 4.8% during the forecast period from 2022 to 2030. Furthermore, the total value of the global plumbing fittings market is slated to reach US$ 74.1 Bn by 2030, rising from US$ 50.9 Bn in 2022.

 

The Reports and Insights team has drafted a market research report on the plumbing fittings market with the objective of identifying the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for the plumbing fittings market. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players of the plumbing fittings market.

The plumbing fittings market is witnessing significant growth and is expected to continue expanding in the coming years. This can be attributed to various market trends, including increasing construction activities, rising demand for efficient plumbing systems, and growing awareness regarding water conservation.

Additionally, the market is characterized by high competition, with major players constantly striving to improve their product offerings and expand their market share. With technological advancements and innovation driving the market forward, the plumbing fittings industry is poised for continued growth and development.

Scope of the Report:

Report Metric	Report Details
Market size available for the years	2020-2030
Base year	2021
Forecast Period	2022-2030
Segments Covered	By Product Type, By Component, By Material, By Application, By Distribution Channel and By Region
Regions Covered	North America The U.S. & Canada Latin America Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe                                                                            The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe Africa North Africa, Egypt, & Rest of Africa The Middle East GCC Countries, Israel, & Rest of the Middle East
Companies Covered	American Bath Group, American Standard Brands, Asahi Eito Co., Ltd., Cera Sanitaryware Ltd., Charlotte Pipe and Foundry, Elkay Manufacturing Company, Finolex Industries Ltd., Geberit AG, Grohe AG, Hindustan Sanitaryware & Industries Ltd., Ideal Standard International, Jacuzzi, Inc., Jaquar and Company Pvt. Ltd., Kohler Co., LIXIL Corporation, MAAX Bath Inc., Masco Corporation, McWane, Inc., Moen Incorporated, Morris Group International, Mueller Industries, Nupi Industrie Italiane SPA, Prince Pipes And Fittings Ltd., Roca Sanitario S.A, RWC, Uponor Corporation, among others

 

Plumbing Fittings Market: Dynamics

Drivers:

Increased Construction Activities Worldwide

Primarily, the construction industry is experiencing significant growth, particularly in emerging economies. This growth is attributed to factors such as urbanization, population growth, and increasing disposable income, which are driving demand for residential, commercial, and industrial buildings. Urbanization is one of the main reasons for the growth of the construction industry. As more people move from rural to urban areas, there is an increased demand for housing, which is driving the construction of new buildings. This trend is particularly evident in emerging economies where the population growth rate is high, and there is a need for more infrastructure development to support the growing population. This increase in construction activities drives the demand for plumbing fittings, which are essential components of building plumbing systems. The rise in construction activities creates a significant opportunity for plumbing fittings manufacturers to expand their market share and increase revenue. Owing to said factors, the global plumbing fittings market is projected to rise significantly over the years.

Growing Awareness Regarding Water Conservation

There is growing awareness of the importance of efficient plumbing systems, particularly water conservation. As a result, consumers are increasingly demanding high-quality plumbing fittings that are energy-efficient and conserve water. This trend is driving the development of new and innovative plumbing fittings, which are expected to contribute to the growth of the plumbing fittings market. Manufacturers are also focusing on improving their products' efficiency and durability to meet consumers' changing demands.

Plumbing Fittings Market: Restraints

Improper disposal of PVC Pipes

Improper disposal of PVC pipes can be considered a market restraint for the plumbing fittings market for various reasons. PVC is a non-biodegradable material that decomposes a long time and can release harmful chemicals into the environment during degradation. This can lead to environmental pollution and health hazards, which can negatively impact the market growth and market share of plumbing fittings manufacturers.

Plumbing Fittings Market: Trends

Growing Demand for Eco-friendly & Water-Efficient Plumbing Fittings

One of the major market trends for the plumbing fittings market is the surging demand for eco-friendly and water-efficient plumbing fittings, which is expected to drive market growth and increase the market share of manufacturers offering sustainable products. This trend is supported by market analysis data that shows a growing consumer preference for eco-friendly plumbing solutions and increasing regulatory pressure to reduce water usage, particularly in regions with water scarcity concerns. In addition to that, the emerging idea of green plumbing also pertains to methods and techniques to reduce water consumption by investing in eco-friendly plumbing modifications and taking measures to reduce water consumption by all means available. Attributing to such trends, the plumbing fittings market is projected to rise considerably over the years.

Plumbing Fittings Market Segmentation Outlook

These segments provide a detailed understanding of the market and help identify the growth opportunities in different regions and end-use industries. The market participants can use this information to design effective marketing strategies and target specific market segments to increase their market share.

The plumbing fittings market is segmented based on type, equipment, operation mode and region.

By Product Type

Bathtub & Shower Fittings

Lavatory Fittings

Kitchen Fittings

Sink Fittings

By Component

Pipes Fittings

Double-Tapped Bushing

Joint Fittings

Others (Faucets, Sanitary)

By Material

Vitreous China

Metal

Plastics

By Application

Residential

Commercial

Industrial

By Distribution Channel

Online

Company Websites

E-Commerce Platforms

Offline

Direct

Indirect

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Plumbing Fittings Market Key Players

Some of the key participating players in the plumbing fittings market are:

American Bath Group

American Standard Brands

Asahi Eito Co., Ltd.

Cera Sanitaryware Ltd.

Charlotte Pipe and Foundry

Elkay Manufacturing Company

Finolex Industries Ltd.

Geberit AG

Grohe AG

Hindustan Sanitaryware & Industries Ltd.

Ideal Standard International

Jacuzzi, Inc.

Jaquar and Company Pvt. Ltd.

Kohler Co.

LIXIL Corporation

MAAX Bath Inc.

Masco Corporation

McWane, Inc.

Moen Incorporated

Morris Group International

Mueller Industries

Nupi Industrie Italiane SPA

Prince Pipes And Fittings Ltd.

Roca Sanitario S.A

RWC

Uponor Corporation

Plumbing Fittings Market: Regional Analysis

Asia Pacific:

The Asia Pacific region is currently holding the largest market share of the plumbing fittings market, with the steady growth in the region in recent years. The massive rise in construction activities across the region is one of the major factors that is primarily driving the plumbing fittings market in the Asia Pacific Region. China is holding the largest market share in the Asia Pacific region. The giant population across the region is primarily boosting the rise in residential and commercial building projects in the region.

North America:

North America is also estimated to witness rapid growth in the plumbing fittings market owing to the growing construction industry and the need for infrastructure upgrades in the region. The market is segmented into the United States, Canada, and Mexico, with the United States being the largest market in the region.