Moveable Water Tap Market

Moveable Water Tap Market Outlook (2022 to 2032)

The global moveable water tap market is anticipated to reach a valuation of USD 1,300 Million in 2022. Demand is expected to take a turn for the better, attributable to a preference for using portable accessories which offer more convenience. Overall, sales of moveable water taps are projected to grow at a CAGR of 7.8% between 2022 and 2032, totaling around USD 2,755.1 Million by the end of 2032.

Data Points	Key Statistics
Moveable Water Tap Market Size (2022)	USD 1,300 Million
Moveable Water Tap Market Revenue Forecast (2032)	USD 2,755.1 Million
Moveable Water Tap Market Growth Rate (2022 to 2032)	7.8% CAGR
North America Market Share	29.4%

According to Future Market Insights' most recent research, the movable water tap market is predicted to expand steadily over the forecast period. The burgeoning use of modernized kitchens and bathrooms is expected to boost demand for mobile kitchen and bathroom water taps.

The growing preference for the elegant design of kitchen and bathroom fixtures, as well as the configuration of multi-functional tools, is predicted to propel the faucets market.

Which Factors are driving the Growth of the Moveable Water Tap Market?

Customers' preference for an urban lifestyle has fueled market growth. Furthermore, the customer's improving lifestyle, shifting preferences, and widening disposable income have increased spending on luxury homes and remodeling.

This encourages manufacturers to produce elevated bathroom and kitchen apparel. This shift in lifestyle and urbanization will have a positive impact on the demand for mobile faucets.

Furthermore, many participants are investing in Research and Development (R&D) to deliver the best quality and appearance of tap to the customer. HASDING, for example, introduced a 360° rotatable anti-splash sink faucet with three modes.

The high-performance tap extender makes it simple to modify the water outlet mode. Soft Stream Bubble, Shower Mode, and Shower Pulse are three modes that provide more options for conserving water. Such tap features entice customers to select such faucets that save water and promote sales in the water scarcity area.

How Will Growth Unfold in the North America Moveable Water Tap Market?

The most technologically advanced generations are thought to be the youngest ones. Because these generations have witnessed several technological advancements, millennials expect firms to supply a greater choice of accessories. The younger generation is captivated by smart products.

Millennials are the generation most interested in having smart technology in their bathroom and kitchen. The introduction of the sensor-based movable bathroom and kitchen tap, with an aim of water conservation and ensuring proper hygiene in the washing area, is happily accepted by the people of North America.

Furthermore, with the fast-changing lifestyle and urbanization, the possessions of houses are also growing in the United States and Canada, this factor has required the installation of the tap in the bathroom and kitchen. And people of the region know the benefits of the moveable taps like this type of taps save water, also cleaning is easy with these taps.

Thus, the business of the moving tap is rising in the region. Moreover, the remodeling and repairing of house utility areas including bathrooms and kitchens have generated a fair demand for movable water faucets in the region. North America is accounting for a market share of 29.4% of the global moveable water tap market.

How Will Growth Unfold in the European Moveable Water Tap Market?

Amid the COVID-19 outbreak, the moveable water tap market has faced extensive growth challenges, due to store closures across different regions of Europe. Besides this, the consumers’ shift from retail stores to online buying has opened new sales opportunities for online retailers in the market. While during the forecast period, the movable water faucet demand remains fragmented with the presence and entering of a large number of key players in the market in Europe.

Many key players in the market are providing unique looks, styles, and designs for faucets. Many pro players are also having skilled labor to manufacture and design products, which helps the player to strengthen their presence in European countries.

Furthermore, many players supply their movable water taps through their distribution channels. Moreover, to maintain good relations with customers, players are providing advisory and technical services along with a warranty to their consumers. This helps the players to gain competitive advantages in the market in Europe.

Moreover, the changing lifestyle has a renovated kitchen as a place for family and friends to gather rather than a place for just cooking. This change is attributed to the increasing demand for sophisticated, elegant, and multifunctional kitchen taps.

For instance, Franke Kitchen Systems introduce a tap equipped with the ability to swivel 360 degrees and switch between full and needle water spray. Europe is accounting for a market share of 23.4% of the global moveable water tap market in 2022.

Also, its 3-in-1 tap is manufactured to give cold, hot, and distilled water to provide all types of water for kitchen purposes. Such innovation gives the idea to other players to launch such type of tap to gain a competitive advantage in the market.

Category-wise Analysis

Which Segments Dominate the Global Moveable Water Tap Market?

Commercial and Residential Segments that Likely to Augment Moveable Water Tap Sales

Significant expansion in commercial places including hospitals, restaurants, hotels, shopping complexes, railway stations, airports, and utility areas is expected to drive the market demand for movable water faucets during the forecast period. For instance, Delta Faucet Company offers innovative commercial taps for various sectors.

The ShieldSpray® Technology of the company cleans like laser precision while containing splatter ad mess. A pressurized jet present in the protective sphere powers away the stubborn messes with almost 90% less splatter than a traditional spray so people can spend minimum time soaking, shirt swapping, and scrubbing.

Furthermore, in the residential sector, the market for the moveable tap is growing because people depend on premium bathroom and kitchen accessories that complement the interiors as well as survey the purpose. Also, the sales of water taps are increased with the increasing number of households.

The Start-up Ecosystem: How key Players are opening Frontiers for Future Growth?

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,

• Spazio Infracity Private Limited is a Private company that was founded on June 30, 2014. SPAZIO Stainless Steel MAX Collection Bib Cock Tap has been introduced to the market.
• Kanye announced the founding of DONDA, a creative content company named after his mother, on January 5, 2012. The DONDA Stainless Steel 360 Degree Flexible Rotating 2 Modes Water Saving Faucet was recently introduced to the market.

Who are the Leading Players in the Moveable Water Tap Market?

Some of the leading moveable water tap manufacturers include Franke Home Solutions, Kohler Co., Gerber Plumbing Fixtures LLC, DELTA FAUCET COMPANY, Meon Incorporated, Quooker Hong Kong Ltd, GROHE, LIXIL Corporation, and many others.

These key moveable water tap providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global moveable water tap market. For instance,

• Franke Kitchen Systems introduced a tap that can swivel 360 degrees and switch between full and needle water spray in June 2021.
• The Sensate® faucet with KOHLER Konnect®, introduced by Kohler Co. in January 2019, is a virtual kitchen assistant. Simply say the words to receive precise amounts of water and other hands-free assistance.
• Danze® by Gerber, a pioneer in the North American décor plumbing industry, launched three new pull-down prep faucets in September 2019, creating a comprehensive kitchen solution that enhances both functionality and efficiency.
• Delta H 2Okinetic Technology, which was introduced by DELTA FAUCET in May 2022, sculpts water into a distinctive wave pattern that provides more warmth, intensity, and coverage.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 7.8% from 2022 to 2032
Market Value in 2022	USD 1,300 Million
Market Value in 2032	USD 2,755.1 Million
Base Year for Estimates	2021
Historical Data	2016 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	End User, Material, Application, Distribution Channels, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa,Israel
Key Companies Profiled	Franke Home Solutions; Kohler Co.; Gerber Plumbing Fixtures LLC; DELTA FAUCET COMPANY; Meon Incorporated; Quooker Hong Kong Ltd.; GROHE; LIXIL Corporation; Gokul Poly Valves Pvt. Ltd.; Waterman
Report Customization & Pricing	Available upon Request

Key Segments of Moveable Water Tap Industry Survey

By End User:

• Residential Use
• Commercial Use

By Material:

• PVC-based
• Plastic-based
• Brass-based
• Stainless Steel-based
• Other Material-based

By Application:

• Kitchens
• Bathrooms
• Other Applications

By Distribution Channels:

• Direct Sales
• Hypermarkets/Supermarkets
• Specialty Stores
• Online Retailing
• Other Distribution Channels

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Frequently Asked Questions

What is the expected valuation of the moveable water tap market in 2022?

The global moveable water tap market reached USD 1,300 Million in 2022

What is the anticipated growth rate for the moveable water tap market until 2032?

As per FMI, the moveable water tap industry is expected to grow at a CAGR of 7.8% from 2022 to 2032

What is the projected valuation for Moveable Water Tap market by 2032?

The global sales of Moveable Water Taps are anticipated to total a valuation of USD 2,755.1 Million by 2032

Which is the leading market for moveable water taps?

North America will continue to remain the most lucrative market for moveable water taps, accounting for a share of 29.4%