Global Plumbing Fixtures & Fittings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Plumbing Fixtures and Fittings Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global plumbing fixtures and fittings market report has been segmented on the basis of product type, materials, application, and region.
Global Plumbing Fixtures and Fittings Market: Overview
Plumbing is a type of fluid carrying system that may include waste water, sewage and responsible for overall water distribution. Plumbing is carried out by using various fittings and fixtures such as pipes, basins, showers, and other related plumbing products.
Global Plumbing Fixtures and Fittings Market: Dynamics
Rapidly growing commercial and residential construction projects across the globe are one of the key factor expected to drive growth of the global market. In addition, rapid urbanization, increasing disposable income along with the improved standard of living are some other factors projected to propel the target market growth. Furthermore, increasing number of renovation activities among commercial and residential sector is another factor anticipated to support the revenue growth of the global market. Moreover, growing demand for plumbing fixtures and fittings in order to build an effective water distribution system and wastewater management is other factors projected to fuel growth of the target market. However, the fluctuating cost of raw materials is a major factor expected to restrain growth of the global fixtures and fittings market to a certain extent.
Global Plumbing Fixtures and Fittings Market: Segmental Analysis
Among the product type segments, the bathroom and shower fixtures & fittings segment is expected to account for significant shares of the global market, in terms of revenue, which can be attributed to increasing renovation activities among households as well as commercial buildings.
Among the material segments, the vitreous china segment is projected to register significant growth, owing to its diversified application as the most common material for domestic fixtures such as washbasins, urinals, and toilet bowls.
Among the application segments, the non-residential segment is anticipated to register substantial growth. This is attributed to high demand for plumbing fixtures and fittings among various end-user application such as hotels, restaurants, and other commercial building for the proper functioning of sewage and drainage system.
Global Plumbing Fixtures and Fittings Market: Regional Analysis
The market in Asia Pacific is expected to dominate the plumbing fixtures and fittings market and continue its dominance over the forecast period. This can be attributed to increasing construction activities globally. In addition, rising demand for better households with basic requirements such as clean water, proper sewage system, etc., and increasing population in developing countries such as India and China. These are some additional factors expected to fuel the demand for plumbing fixtures and fittings which in turn, resulting in growth of the target market in the region. Plumbing fixtures and fittings market in North America is expected to register substantial growth, owing to increasing remodeling activities among households coupled with high disposable income. These are some factors expected to propel the target market growth in this region. Markets in Europe, Latin America, and Middle East & Africa are expected to register moderate growth during the forecast period.
Global Plumbing Fixtures and Fittings Market Segmentation:
Segmentation by Product Type:
- Kitchen and Sink Fixtures & Fittings
- Bathroom and Shower Fixtures & Fittings
- Toilet Fixtures & Fittings
Segmentation by Material:
- Vitreous China
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- American Bath Group, LLC
- Jacuzzi Inc.
- Masco Corporation
- Kohler Co.
- Geberit AG
- Roca Sanitario, S.A.
- TOTO Ltd.
- LIXIL Group Corporation
- Fortune Brands Home & Security, Inc.
- Elkay Manufacturing Company, Inc.
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