The Faucet Global Market Report 2023 by The Business Research Company, provides faucet market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/faucet-global-market-report
According to The Business Research Company’s Faucet Global Market Report 2023, the market size is expected to grow from the global faucet market size will grow from $36.29 billion in 2022 to $40.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The market size of the global faucet is expected to grow to $62.98 billion in 2027 at a CAGR of 11.9%.
The growth in urbanisation is driving the growth of the faucet market. The shift in residence of the human population from rural to urban areas is gradually increasing in search of work and a better standard of living, leading to a rise in urbanisation globally. One of the most significant impacts of urbanisation is an increase in demand for the housing and commercial sectors, which in turn increases the demand for faucets.
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The faucet market is segmented:
1) By Product Type: Electronic, Manual
2) By Material: Metal, Plastics
3) By Technology: Cartridge, Compression, Ceramic Disc, Ball
4) By Application: Bathroom, Kitchen, Other Applications
5) By End User: Residential, Commercial
Strategic partnerships are a key trend gaining popularity in the faucet market. Companies manufacturing faucets are undergoing partnerships to improve the products. For instance, in January 2022, Jaquar, an India-based company manufacturing brands in faucets, bathroom fittings, showers, spas, bathtubs, and accessories, collaborated with Matteo Thun & Antonio Rodrigues, an Italy-based company offering designs for sanitary, faucets, bathtubs, and accessories. The partnership aims to launch a collection called Laguna, based on aesthetic durability and timeless simplicity. This collection offers faucets in eight colour options that can be both single and dual-tone shades, which will allow for flexibility and variety in use and lead to exciting new possibilities in interior design. The elegant Laguna collection range also offers a wide range of selections for sanitary ware, wellness products and shower enclosures.
The faucet market report table of contents includes:
1. Executive Summary
2. Faucet Market Characteristics
3. Faucet Market Trends And Strategies
4.Faucet Market – Macro Economic Scenario
5. Faucet Market Size And Growth
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26. Africa Faucet Market
27. Faucet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Faucet Market
29. Faucet Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- faucet market are American Standard Brands
- Colston Bath
- Delta Faucet Company
- Gerber Plumbing Fixtures
- Jaquar
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