Kitchen Faucets Market Growth Trajectory Through 2024-2033

The Kitchen Faucets Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Kitchen Faucets Global Market Report 2024, The kitchen faucets market size is expected to see strong growth in the next few years. It will grow to $13.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to consumer preferences, government regulations, the growing adoption of pull-out and pull-down faucets, the growth of smart homes, and increasing expenditure by manufacturers. Major trends in the forecast period include the integration of touchless operation, customizable water flow, integration with smart home systems, customization options, and smart faucet integration.

The increasing number of households is expected to propel the growth of the kitchen faucets market going forward. Households refer to individuals or groups of people living together in a single dwelling and sharing common living arrangements, such as families, single individuals, or roommates. The number of households is increasing due to sustained population growth, which drives demand for residential spaces, and urbanization, as more people migrate to cities in search of employment and better living conditions. Kitchen faucets are essential for households, providing convenient access to water for cooking, dishwashing, and cleaning tasks. For instance, in June 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, by 2046, it is projected that Australia will have between 13.3 million and 13.9 million households, up from 10.0 million in 2021. Therefore, the increasing number of households is driving the growth of the kitchen faucets market.

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The kitchen faucets market covered in this report is segmented –

1) By Type: Pull Out Faucets, Pull Down Faucets, Single Hand Faucets, Dual-Handle Faucets, Separate Spray Faucets, Pot Filler Faucets, Motion Detection Faucets, Other Types
2) By Material Type: Chrome, Stainless Steel, Bronze, Plastic, Other Materials
3) By Installation Type: Wall Mount, Deck Mount
4) By Distribution Channel: Online, Offline
5) By End-Use: Residential, Commercial

Major companies operating in the kitchen faucet market are focusing on developing next-generation innovative solutions, such as touchless faucet technologies, to meet evolving consumer preferences for hygiene and ease of use. Touchless faucet technologies refer to innovative solutions where faucets are equipped with sensors that detect motion or presence, allowing users to turn the water on and off without needing to touch the faucet handle. For instance, in December 2023, Delta Faucet Company, a US-based company that specializes in the manufacture of plumbing fixtures and plumbing materials, launched its new Touch2O with Touchless Technology, which allows users to turn the faucet on and off with just a light touch or by placing their hand near the faucet. This innovative feature provides a convenient and hygienic solution for kitchen and bathroom faucets, reducing the spread of germs and bacteria by minimizing direct contact with the faucet handle.

The kitchen faucets market report table of contents includes:

1. Executive Summary
2. Kitchen Faucets Market Characteristics
3. Kitchen Faucets Market Trends And Strategies
4. Kitchen Faucets Market – Macro Economic Scenario
5. Global Kitchen Faucets Market Size and Growth
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32. Global Kitchen Faucets Market Competitive Benchmarking
33. Global Kitchen Faucets Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Kitchen Faucets Market
35. Kitchen Faucets Market Future Outlook and Potential Analysis
36. Appendix

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