Plumbing Fixtures and Fittings Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Plumbing fixtures and fittings are essential components of plumbing systems installed in buildings for the adequate distribution of water for use in various activities such as drinking, and washing and for removal of waterborne wastes from the building. Plumbing fittings are products that can remove from one place to another and can be installed simply whereas plumbing fixtures cannot move once they are installed and can be damaged with the house only those products come under plumbing fixtures.

Sizing and Forecast
The plumbing fixtures and fittings market size has grown strongly in recent years. It will grow from $99.29 billion in 2023 to $107.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the historic period can be attributed to urbanization and infrastructure development, housing and construction boom, design innovations, water efficiency regulations, consumer health and hygiene awareness.

The plumbing fixtures and fittings market size is expected to see strong growth in the next few years. It will grow to $145.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.  The growth in the forecast period can be attributed to competition and innovation, regulatory standards evolution, economic trends, market globalization impact, consumer preference for aesthetics. Major trends in the forecast period include smart and connected fixtures, water-efficient solutions, design and aesthetics, health and hygiene focus, modularity and customization.

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Segmentation & Regional Insights
The plumbing fixtures and fittings market covered in this report is segmented –
1) By Product: Bathtub, Sinks, Toilets, Showers, Taps, Drains
2) By Distribution: Online, Offline
3) By Application: New Construction, Repair And Remodel
4) By Material Type: Vitreous China, Metal, Plastic
5) By End-User: Residential, Commercial, Industrial

Asia-Pacific was the largest region in the plumbing fixtures and fittings market in 2023. The regions covered in the plumbing fixtures and fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing focus on sewerage treatment to meet the water demands globally is driving the market for plumbing fitting and fixtures products bought or rented by individuals or companies. Sewerage treatment stimulates the demand for advanced plumbing fixtures and fittings, as efficient and modern plumbing solutions are integral to supporting sustainable wastewater management and sanitation infrastructure. For instance, in May 2023, according to the United Nations Educational, Scientific and Cultural Organization, a France-based specialized agency of the United Nations, globally, 2 billion people, constituting 26% of the population, lack access to safe drinking water, while 3.6 billion individuals, representing 46%, do not have access to safely managed sanitation. Between two and three billion people experience water shortages for at least one month per year, with projections indicating that the urban population facing water scarcity will reach 1.7–2.4 billion people by 2050.  Therefore, the increase in population and demand for growing scarcity of water and more urbanization are all leading factors impacting the increase in the plumbing fixtures and fittings market.

Key Industry Players
Major companies operating in the plumbing fixtures and fittings market report are Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi, Grundfos, Roca Sanitario, Moen, American Standard, Bemis Company, Moen Incorporated, Elkay Manufacturing Company, Mansfield Plumbing, Oatey Company, Liberty Pumps, Little Giant, Newport Brass, Nuvo H2O, MAAX Bat, Brizo Faucets, Danze, Delta, DreamLine Shower, GROHE, InSinkErator, Jensen Medicine Cabinets, Peerless, Pioneer, Price Pfister, Sloan, Speakman, Symmons, Viega, Waste King, ADS, ALFI, Alsons, Aquatic Bathware, Arrowhead Brass

The plumbing fixtures and fittings market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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