The global plumbing fitting & fixtures market is anticipated at US$ 89 billion in 2022. Demand is likely to remain high for plumbing fittings & fixtures during the assessment period. The market is likely to reach US$ 164.8 billion in 2033, recording a CAGR of 5.7% from 2023 to 2033. The market is likely to secure US$ 94.3 billion in 2023.
| Attribute | Details |
|---|---|
| Plumbing Fitting & Fixtures Market Size Value in 2023 | US$ 94.3 billion |
| Plumbing Fitting & Fixtures Market Forecast Value in 2033 | US$ 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 US$ 164.8billion 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 Increasing demand for new plumbing fittings and fixtures to replace outdated or worn-out components owing to the increase in renovation and remodeling projects in residential and commercial buildings.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 US$ 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 US$ 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 US$ 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 to2033 |
| 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 US$ 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
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Bathroom Fixtures & Fittings
5.3.2. Kitchen & Sink Fixtures & Fittings
5.3.3. Toilet & Sink Fixtures & Fittings
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Residential
6.3.2. Commercial
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Product Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Product Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Product Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Product Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Product Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Product Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Product Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Product Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Product Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Product Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Product Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Product Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Product Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Product Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Product Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Product Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Product Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Product Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Product Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Product Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Product Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Product Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Product Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. American Bath Group
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. American Standard Brands
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Asahi Eito Co., Ltd.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Cera Sanitaryware Ltd.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Elkay Manufacturing Company
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Geberit AG
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Grohe AG
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Hindustan Sanitaryware & Industries Ltd
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Ideal Standard International
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Jacuzzi, Inc
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Plumbing Fitting & Fixtures Market
