Plumbing Fixtures Market Size, Share & Trend Analysis, By Material Type, By Product, By End Use, By Application, By Geography Competitive Tactics, and Segment Forecast to 2030

Plumbing Fixtures Market: Introduction 

Reports & Insights predicts that the global plumbing fixtures market is expected to grow at a CAGR of 5.6% during the forecast period from 2022 to 2030. Furthermore, the total value of the global plumbing fixtures market is slated to reach US$ 138.9 Bn by 2030, rising from US$ 97.3 Bn in 2022.

 

The Reports and Insights team has drafted a market research report on the worldwide market for plumbing fixtures to identify 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 plumbing fixtures. 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 for plumbing fixtures.

Plumbing fixtures are essential components in any building's plumbing system that help regulate water flow and other fluids. These fixtures include faucets, sinks, toilets, showers, bathtubs, and other plumbing accessories. Plumbing fixtures are essential to modern-day construction and have become increasingly popular due to their functionality, convenience, and aesthetic appeal. They play a crucial role in maintaining hygiene and sanitation in homes, commercial buildings, and public spaces.

The plumbing fixtures market is growing rapidly, and the market is expected to witness significant growth in the coming years, owing to the increasing demand for advanced plumbing fixtures that provide superior performance, durability, and water efficiency.
 

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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 Material Type, By Product, By End Use, By Application, 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	Geberit AG, Kohler Co., Jacuzzi Inc., Masco Corporation, LIXIL Group Corporation, Fortune Brands Home & Security, Inc., TOTO Ltd. Roca Sanitario, S.A., Elkay Manufacturing Company, MAAX Bath Inc. among others

 

Plumbing Fixtures Market: Dynamics

 

Drivers:

 

Urbanization

Urbanization is a significant market driver for plumbing fixtures as it has led to a rise in construction activities and the growth of the real estate sector. As more people move to cities, the demand for residential and commercial buildings increases, which, in turn, drives the demand for plumbing fixtures. Urbanization has also led to the construction of high-rise buildings, which require specialized plumbing fixtures such as high-pressure water pumps and water storage tanks. Furthermore, urbanization has resulted in constructing more public spaces such as malls, hospitals, and airports, which also require plumbing fixtures. The growing urbanization has created a favorable environment for the growth of the plumbing fixtures market, increasing the demand for plumbing fixtures in new construction and renovation projects. The increasing demand for modern and stylish plumbing fixtures that offer superior performance, durability, and water efficiency has also been driven by urbanization. As more people move to urban areas, the demand for advanced plumbing fixtures is likely to grow, driving the growth of the plumbing fixtures market.

 

Rise in Disposable Income

Rising disposable incomes are a significant market driver for plumbing fixtures as it has increased the demand for high-end and luxurious plumbing fixtures. With rising disposable incomes, consumers are more willing to spend on home improvement projects and renovations, including upgrading their plumbing fixtures. Consumers are increasingly looking for plumbing fixtures that offer superior design, quality, and functionality and are willing to pay a premium price for such products. Rising disposable incomes have also driven the demand for energy-efficient and eco-friendly plumbing fixtures that help reduce water usage and lower utility bills. As a result, manufacturers of plumbing fixtures are investing in research and development to develop products that meet the changing needs of consumers. With rising disposable incomes, the demand for modern and stylish plumbing fixtures is likely to grow, driving the growth of the plumbing fixtures market.

 

Plumbing Fixtures Market: Restraints

 

High Installation & Maintenance Costs

The high installation and maintenance costs associated with plumbing fixtures are one of the primary market restraints which may hinder market growth in the near future. While plumbing fixtures are essential components of any plumbing system, their installation requires skilled professionals, which can add to the overall cost. Moreover, the maintenance and repair of plumbing fixtures can also be expensive, especially in cases where replacement parts are required. Such factors are estimated to impact market growth in the near future. Furthermore, the availability of low-cost, inferior-quality plumbing fixtures can also impact the demand for high-end plumbing fixtures, as consumers may opt for cheaper alternatives to save costs. Therefore, manufacturers of plumbing fixtures are investing in research and development to develop affordable products that offer superior quality and performance, to address this market restraint.

 

Plumbing Fixtures Market: Opportunities

 

Surging Demand for Energy-Efficient Products

In recent years, one of the major market opportunities for plumbing fixtures is the rapid surge in demand for water-saving and energy-efficient products. With the increasing concerns about water scarcity and rising utility costs, consumers are increasingly looking for plumbing fixtures that can help them save water and reduce their utility bills. Water-saving and energy-efficient plumbing fixtures are also gaining popularity among environmentally conscious consumers who want to reduce their carbon footprint. This trend presents an opportunity for manufacturers of plumbing fixtures to develop innovative products that meet the changing needs of consumers. Developing smart plumbing fixtures that can monitor water usage, detect leaks, and adjust water flow, presents a significant market opportunity for plumbing fixture manufacturers. Furthermore, the increasing adoption of smart home technology presents an opportunity for plumbing fixtures to be integrated into a smart home network, allowing consumers to monitor and control their water usage from their mobile devices. Owing to said elements, the global plumbing fixtures market is estimated to observe several growth opportunities over the coming years.

 

Plumbing Fixtures 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 fixtures market is segmented based on material type, product, end-use, application, and region.

 

By Material Type

• Metals
• Plastics

 

By Product

• Bathtub & Shower Fixtures

Sink Fixtures

Toilet Fixtures

• Bathtub & Shower Fittings

Sink Fittings

Toilet Fittings

• Other Fixtures & Fittings (Bidets, Hand Showers, Valves)

 

By End-Use

• Residential Buildings
• Non-Residential Buildings

 

By Application

• New Buildings
• Renovated Buildings

 

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

 

Plumbing Fixtures Market Key Players

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

• Geberit AG
• Kohler Co.
• Jacuzzi Inc.
• Masco Corporation
• LIXIL Group Corporation
• Fortune Brands Home & Security, Inc.
• TOTO Ltd.
• Roca Sanitario, S.A.
• Elkay Manufacturing Company
• MAAX Bath Inc.

 

Plumbing Fixtures Market: Regional Analysis

 

North America:

The plumbing fixtures market in North America is expected to grow significantly in the coming years. This is due to the growing demand for water-efficient fixtures, increasing awareness about hygiene and sanitation, and the growing home renovation and remodeling trend. The United States and Canada are the major markets in North America, with the United States being the largest market. The demand for premium fixtures is high in this region, and manufacturers are introducing innovative products to cater to this demand.

 

Europe:

The plumbing fixtures market in Europe is mature, and the demand for these fixtures is stable. However, the market is expected to grow in the coming years due to the growing trend of sustainable construction and renovation. Countries such as Germany, France, and the UK are the major markets in Europe, and the demand for water-efficient fixtures is high in these countries. Manufacturers are focusing on product innovation and technological advancements to cater to the changing demand in the market.

 

Asia Pacific:

The plumbing fixtures market in Asia Pacific is growing rapidly due to increasing urbanization and the growing construction industry. Countries such as China, India, Japan, and South Korea are the major markets in this region. The demand for affordable fixtures is high in this region, and manufacturers are introducing low-cost products to cater to this demand. However, the demand for premium fixtures is also increasing due to the growing middle-class population and increasing disposable income. Manufacturers are investing in R&D to introduce new products and cater to the changing demand in the market.