NEW YORK, June 28, 2022 /PRNewswire/ -- The rise in construction activities is a major factor driving the Plumbing Fixtures and Fittings Market share growth. Building construction is growing globally due to the increasing focus on infrastructure, which is enabling economic growth and improving the living standards of people. Developed economies, such as the US, Canada, and countries in the EU are looking to improve their existing infrastructure. Developing countries, such as China and India, are also experiencing growth in opportunities in the building construction industry. Residential housing completions are growing globally. For instance, in March 2020, Ford Motor Co. announced its plan to build a new factory in the US for autonomous vehicles. In August 2020, the National Highways Authority of India set the timeline for 23 new highways, including a network of expressways and economic corridors, which will be ready by March 2025. An increase in the construction of buildings will lead to an increase in demand for plumbing solutions. Hence, it will help in driving the growth of the global plumbing fixtures and fittings market during the forecast period.
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The Plumbing Fixtures and Fittings Market value is set to grow by USD 34.38 billion, progressing at a CAGR of 6.51% from 2020 to 2025, as per the latest report by Technavio.
Plumbing Fixtures and Fittings Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.51%
Market growth 2021-2025
$ 34.38 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 44%
Key consumer countries
China, US, UK, India, and Saudi Arabia
Leading companies, competitive strategies, consumer engagement scope
American Bath Group, Geberit AG, HSIL Ltd., Ideal Standard International SA, Jaquar Group, LIXIL Group Corp., Masco Corp., Roca Sanitario SA, Somany Ceramics Ltd., and Toto Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Segmentation by Application (In-Scope/Out-of-Scope)
The plumbing fixtures and fittings market share growth by the FoTW segment will be significant during the forecast period. FoTW fixtures and fittings are plumbing products that are generally visible within the building. They include water outlets as well as fixtures associated with them, such as showerheads, taps/faucets, sinks, and bathroom ceramics. End-users of FoTW fixtures and fittings plumbing products mainly focus on aesthetic features, due to which the demand for these products is heavily influenced by consumer trends. The market for FoTW fixtures and fittings plumbing products is expected to grow as the vendors in this market are continuously enhancing their product portfolio. However, the growth of the FoTW market segment will be slower than the BTW market segment.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Molecular Biology Enzymes, Kits, and Reagents Market includes the following core components:
Marketing and sales
Segmentation- The report extensively covers market segmentation by Application (FoTW and BTW) and Geography (APAC, Europe, North America, MEA, and South America).
Key Companies- American Bath Group, Geberit AG, HSIL Ltd., Ideal Standard International SA, Jaquar Group, LIXIL Group Corp., Masco Corp., Roca Sanitario SA, Somany Ceramics Ltd., and Toto Ltd. among others.
Driver- Rise in construction activities to drive the market.
Challenge- Fluctuating raw material prices to hamper the market growth.
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The plumbing fixtures and fittings market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
American Bath Group- The company offers plumbing fixtures and fitting under its brands Clarion and Comfort Designs.
Geberit AG- The company offers offers cisterns and mechanisms, faucets and flushing systems, and bathroom ceramics.
HSIL Ltd.- The company offers plumbing fixtures and fittings under its brand Hindware.
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Learn More about the Plumbing Fixtures and Fittings Market-
Plumbing Fixtures and Fittings Market Trend:
Eco-friendly plumbing solutions provide superior performance and help consumers in saving money, minimizing the carbon footprint, as well as ensuring that the wastage of water and energy is reduced. Eco-friendly plumbing is easy to achieve. Water-efficient toilets have been available in the market for a while, but they are now being introduced with enhanced aesthetics. These toilets can save around two-fifths of the water as compared to traditional ones. Additionally, eco-friendly water systems help in keeping the outdoor spaces, such as gardens, greener while minimizing water use. Moreover, water-efficient showerheads are being introduced in the market, which can help in reducing water consumption by 25% to 35% without the user seeing a noticeable difference. Due to such reasons, the demand for the market will grow significantly during the forecast period.
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Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
2.2 Value chain analysis
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Application
5.1 Market segments
5.2 Comparison by Application
5.3 FoTW - Market size and forecast 2020-2025
5.4 BTW - Market size and forecast 2020-2025
5.5 Market opportunity by Application
6 Customer landscape
6.1 Customer landscapeOverview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
7.4 Europe - Market size and forecast 2020-2025
7.5 North America - Market size and forecast 2020-2025
7.6 MEA - Market size and forecast 2020-2025
7.7 South America - Market size and forecast 2020-2025
7.8 Key leading countries
7.9 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Market trends
9 Vendor Landscape
9.2 Landscape disruption
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 American Bath Group
10.4 Geberit AG
10.5 HSIL Ltd.
10.6 Ideal Standard International SA
10.7 Jaquar Group
10.8 LIXIL Group Corp.
10.9 Masco Corp.
10.10 Roca Sanitario SA
10.11 Somany Ceramics Ltd.
10.12 Toto Ltd.
11.1 Scope of the report
11.2 Currency conversion rates for US$
11.3 Research methodology
11.4 List of abbreviations
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