The global plumbing fitting & fixtures market is anticipated at USD 89 billion in 2022. Demand is likely to remain high for plumbing fittings & fixtures during the assessment period. The market is likely to reach USD 164.8 billion in 2033, recording a CAGR of 5.7% from 2023 to 2033. The market is likely to secure USD 94.3 billion in 2023.
| Attribute | Details |
|---|---|
| Plumbing Fitting & Fixtures Market Size Value in 2023 | USD 94.3 billion |
| Plumbing Fitting & Fixtures Market Forecast Value in 2033 | USD 164.8 billion |
| Global Growth Rate | 5.7% CAGR |
| Forecast Period | 2023 to 2033 |
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| Historical CAGR (2018 to 2022) | 7.0% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 5.7% |
The increasing application in the residential and commercial sectors is expected to drive the growth of the plumbing fittings & fixtures market. The increased technological advancement and increased disposable income drive the growth of the plumbing fittings & fixtures market during the forecast period.
The increasing focus on water conservation and sustainability in plumbing systems. This has led to the development and adoption of eco-friendly plumbing fittings and fixtures that reduce water consumption without compromising performance and is expected to drive the growth of the plumbing fittings & fixtures market during the forecast period.
The increasing demand for smart plumbing technologies, such as sensors and automated systems, that offer improved efficiency and convenience is expected to boost the market demand. The plumbing fittings & fixtures market is projected to show a noteworthy growth of USD 164.8 billion by the end of the forecast period of 2033
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Rapid Infrastructural Development to Drive the Growth of the Plumbing Fitting & Fixtures Market
The increasing demand for smart homes & offices is positively influencing the growth of the plumbing fittings & fixtures market. Increasing construction activities and rapid urbanization and the use of modern architecture with water-efficient systems are likely to spur the demand for plumbing fittings & fixtures.
The global population is continuously growing, leading to increased urbanization. Urban areas require extensive plumbing systems to cater to the needs of a large population. This drives the demand for plumbing fittings and fixtures.
Increasing demand for new plumbing fittings and fixtures to replace outdated or worn-out components owing to the increase in renovation and remodeling projects in residential and commercial buildings. Thus the growing urbanization and increased demand for new houses & apartments are expected to provide an opportunity for growth of the plumbing fittings and fixtures market during the forecast period.
Increasing Disposable Income to Boost the Growth of the Market
The increasing disposable income of individuals around the globe & increasing renovation activities for changing the look of the kitchens, and bathrooms have prompted the growth of the plumbing fittings & fixtures market. The increasing popularity of smart homes and changing aesthetic appeals of the home are expected to drive the plumbing fittings & fixtures market.
With increased awareness about hygiene & sanitization consumers are more willing to invest in high-quality plumbing fittings and fixtures. This trend drives the demand for premium products with improved design, this awareness has led to increased demand for plumbing fittings & fixtures.
Increasing Application of Smart Plumbing Techniques to Boost the Growth of the Plumbing Fittings & Fixtures Market in the United States
The global plumbing fitting & fixtures market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 5.7% and is expected to accumulate a market value of USD 28.3 billion over the forecast period.
The rapid development in the new residential, commercial, and infrastructure projects drives the demand for plumbing fittings and fixtures. The construction of housing units, office buildings, hotels, hospitals, and educational institutions creates a robust market for plumbing products.
The rising trend of having bathrooms with aesthetic appeals is bringing extensive demand for plumbing fittings & fixtures. The rapid technological advances in plumbing technology and increased application of smart plumbing technology provide opportunities for the plumbing fittings & fixtures market during the forecast period.
Growing Construction Activities in the Region to Boost the Growth of the Market in the United Kingdom
The plumbing fittings & fixtures sales in the United Kingdom are expected to keep rising with a CAGR of 5.5% and are expected to gain a market value of USD 6.1 billion by the end of the forecast period.
A robust construction industry with ongoing residential, commercial, and infrastructure projects in the region. The construction of new buildings and infrastructure requires plumbing systems and components, driving the demand for plumbing fittings and fixtures.
Increasing use of water-efficient plumbing fittings and fixtures, owing to the strict water efficiency regulations and standards implemented by governments and regulatory bodies, leads to market growth. Increasing awareness about hygiene & sanitation and increased demand for touchless and antimicrobial plumbing fixtures boosts the market growth.
Rapid Urbanization to Drive the Growth of the Market in China
China’s plumbing fittings & fixtures market is expected to rise at a 5.5% CAGR between 2023 to 2033. The market is expected to gain a market value of USD 35.2 billion by the end of the forecast period. China accounts for the highest market share in the plumbing fittings & fixtures market.
China's ongoing urbanization process has led to a surge in construction activities, including residential, commercial, and infrastructure projects. As cities expand, there is a high demand for plumbing systems and components, driving the growth of the plumbing fittings and fixtures market.
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Bathroom Fixtures & Fittings A Segment to Gain Significant Traction During the Forecast Period
Based on product type, the plumbing fittings & fixtures market is segmented into bathroom fixtures & fittings, kitchen & sink fixtures & fittings, toilet & sink fixtures & fittings, and other segments. The bathroom fixtures & fittings segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 5.6% during the forecast period.
Bathroom fixtures and fittings refer to the essential components and accessories that are installed in bathrooms. These include various items such as faucets, sinks, toilets, bathtubs, showers, vanities, mirrors, towel bars, and other accessories. Rapid demand for bathroom fittings and fixtures is driving segmental growth.
Residential Segment Generates High Revenue
Based on the application, the market is segmented into the residential & commercial segments. Among all, the residential segment remains the application category is expected to expand with a CAGR of 5.4% throughout the forecast period.
The residential sector is the fastest-growing application of the plumbing fittings & fixtures market owing to the new construction activities going on in the residential sector and increased urbanization to boost the growth of the segment. On the other hand, the commercial segment is expected to account for a significant share of the market during the forecast period.
New players in the plumbing fittings & fixtures market trade only plumbing gem commercial and zip water among others 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
Prominent players in the plumbing fittings & fixtures market are American Bath Group; American Standard Brands; Asahi Eito Co., Ltd.; Cera Sanitaryware Ltd.; Elkay Manufacturing Company among others.
The key players in plumbing fittings & fixtures are focusing on improved productivity and quality of their products in order to gain more customer base. Key players are working on research & development activities for the effective composition of the material that is to be used for manufacturing.
Other expansion strategies of key players include extensive research & development activities, collaborations, and mergers & acquisitions. Some notable developments are as follows:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.7% from 2023 to 2033 |
| Market Value in 2023 | USD 94.3 billion |
| Market Value in 2033 | USD 164.8 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | American Bath Group; American Standard Brands; Asahi Eito Co., Ltd.; Cera Sanitaryware Ltd.; Elkay Manufacturing Company |
The market is anticipated to be worth USD 94.3 billion in 2023.
The growth potential of the market is 5.7% through 2033.
Surging kitchen repairs and remodeling, and expanding applications in the commercial sector.
Increase in the launch of touchless faucets, hygienic toilet designs, and antimicrobial surfaces.
The demand scope for plumbing fitting & fixtures in China is 5.5% CAGR.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Bathroom Fixtures & Fittings 5.2. Kitchen & Sink Fixtures & Fittings 5.3. Toilet & Sink Fixtures & Fittings 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Residential 6.2. Commercial 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. American Bath Group 15.2. American Standard Brands 15.3. Asahi Eito Co., Ltd. 15.4. Cera Sanitaryware Ltd. 15.5. Elkay Manufacturing Company 15.6. Geberit AG 15.7. Grohe AG 15.8. Hindustan Sanitaryware & Industries Ltd 15.9. Ideal Standard International 15.10. Jacuzzi, Inc 16. Assumptions & Acronyms Used 17. Research Methodology
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Plumbing Fitting & Fixtures Market
