NEWARK, Del., May 28, 2023 (GLOBE NEWSWIRE) — The global sanitary fittings and fittings market is expected to be worth US$94.3 billion in 2023. The increasing use of bathroom faucets and fixtures is driving the market growth. It is estimated that the market will generate $164.8 billion in 2033, at a compound annual growth rate of 5.7%. from 2023 to 2033.
Increasing urbanization and rapid commercialization are expected to lead to significant growth in the sanitary fittings and fixings market. The increasing emergence of green and smart homes is also driving the market growth. The increasing propensity of consumers to improve the aesthetics of the home has led to a healthy growth in the sanitary fittings and fixings market.
Increasing demand for sanitary fittings and fittings in the residential sector along with public infrastructure projects such as shopping malls, airports and hospitals are creating growth prospects for the market.
For information on providers and their offers – request your Sample copy of this report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-17264
The rapid technological advances in manufacturing and the introduction of new and innovative products along with the rapidly expanding construction industry and ongoing research and development activities are driving the market growth.
The increasing use of smart plumbing systems, water efficient faucets and digital monitoring tools can have a significant impact on the market. Innovative products that offer improved functionality, comfort, energy efficiency and water saving tend to gain importance and drive market growth.
The Asia-Pacific region is expected to hold the largest share of the sanitary fittings and fixings market due to increased construction activity in the residential and commercial sectors. Due to the increasing revocation activities in the region, the market for sanitary fittings and fixings in Europe is expected to grow significantly in the coming years.
The central theses:
- From 2018 to 2022, market demand grew at a CAGR of 7.0%.
- Based on the product type, the Bathroom Equipment segment is showing an annual growth rate of 5.6%.
- Upon application, the residential segment is expected to grow at a CAGR of 5.4% over the forecast period.
- North America is developing into a promising market with a compound annual growth rate of 5.7%.
- Asia Pacific is an opportunistic market which is projected to reach an annual growth rate of 5.5% during the forecast period.
“Increasing technological innovation and popularity of smart homes along with higher disposable income are expected to drive the market over the forecast period. The increasing demand from the commercial sector worldwide is expected to play a crucial role in strengthening the market,” analyzes an expert at FMI.
For additional information or adjustments to this report @
https://www.futuremarketinsights.com/customization-available/rep-gb-17264
competitive landscape:
Prominent players in the sanitary fittings market are American Bath Group; American standard brands; Asahi Eito Co., Ltd.; Cera Sanitaryware Ltd.; Elkay Manufacturing Company among others.
Below are some market developments:
- In July 2022, Zurn Water Solutions and Elkay Manufacturing merged to create Zurn Elkay Water Solutions – one of the largest providers of water management solutions to improve health and the environment. The combined company offers the most comprehensive product portfolio across vertical segments, providing water quality and water conservation solutions for critical areas such as education and healthcare.
- Masco Corporation is a global leader in sanitary fittings and fittings. They offer a wide range of products from different brands including Delta Faucet, Hansgrohe, BrassCraft and Liberty Pumps. Their product portfolio includes faucets, showers, toilets, sinks and other sanitary accessories.
Know more – what that is report envelopes:
Future Market Insights provides an unbiased analysis of the global Plumbing Fittings and Fixings market, providing historical data for 2018-2022 and forecast statistics for 2023-2033.
To understand the opportunities in the Plumbing Fittings and Fixings market, the market is segmented into five major regions based on product type and application.
KCovered segments:
By product type:
- bathroom equipment
- Kitchen and sink faucets and fittings
- Fittings and accessories for toilets and washbasins
- Other
By Application:
By region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Contact sales for further assistance purchase this report at a reduced price @ https://www.futuremarketinsights.com/checkout/17264
Table of Contents (ToC):
1. Summary
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Market background
3.1. market dynamics
3.2. scenario forecast
3.3. Opportunity Map Analysis
3.4. Analysis of the product life cycle
3.5. Supply Chain Analysis
3.6. Investment feasibility matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter Analysis
3.9. regulatory landscape
3.10. Outlook on the regional parent market
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 Analysis of Market Size (Million US$) and Volume (Units), 2018 to 2022
4.2. Current and future market size (US$ millions) and volume (units) forecasts, 2023 to 2033
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 (Million US$) and Volume (Units) Analysis by Product Type, 2018 to 2022
5.3. Analysis and forecast of current and future market size value (US$ millions) and volume (units) by product type, 2023 to 2033
5.4. Analysis of YoY growth trend 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 (Million US$) and Volume (Units) Analysis by Application, 2018 to 2022
6.3. Analysis and forecast of current and future market size value (US$ millions) and volume (units) by application, 2023 to 2033
6.4. Analysis of YoY Growth Trend by Application, 2018 to 2022
6.5. Absolute $ Opportunities Analysis by Application, 2023 to 2033
Full Table of Contents: https://www.futuremarketinsights.com/toc/rep-gb-17264
Discover FMI’s comprehensive coverage of industrial automation:
Micro Irrigation Systems Market Demand: The global micro irrigation systems market revenue totaled US$7,669.8 million in 2022. The market registered a 5.0% YoY growth in 2022 and is expected to reach US$8,314.9 million in revenue in 2023.
Magnetic Materials Market Revenue: The global magnetic materials market size is expected to reach around US$19,845.2 million in 2023. During the forecast period from 2023 to 2033, the annual growth rate is expected to be 7.3%.
Superconducting Magnets Market Forecast: The market size of superconducting magnets is expected to be US$3.3 billion in 2023. By 2033, the market is expected to reach $4.3 billion at a CAGR of 2.6%.
Vapor Recovery Units Market Size: The global vapor recovery units market size is expected to exceed US$2,105.5 million by 2033. The market is expected to show a significant compound annual growth rate (CAGR) of 5.3% from 2023 to 2033.
European Pre-Insulated Pipe Market Revenue: The European pre-insulated pipe market is expected to grow at a CAGR of 6.6%. The total market size in Europe is expected to increase from US$1,263.2 million in 2023 to US$2,379.7 million in 2033.
Quantum Cascade Laser Market Trends: The global quantum cascade laser market was expected to reach US$385.1 million in 2022, growing at a CAGR of 4.5% from 2023 to 2033. The market is expected to secure $404.7 million in 2023.
Gears, Drives & Speed Changers Market Growth : The size of the Gears, Drives & Speed Changers market is expected to be worth US$152 billion by 2023. FMI forecasts that the market will surpass $254 billion by 2033, at a compound annual growth rate of 5.3%. in the forecast period.
Flow Meter Market Analysis: FMI forecasts that the flow meter market revenue will surpass $13.2 billion by 2033, at a CAGR of 5.0%.
Electrostatic Filters Market Share: The market size of Electrostatic Filters is projected to be US$7 billion by 2023. By 2033, the market is expected to exceed $15 billion, with a compound annual growth rate of 8% over the forecast period.
Wood Decking Market Outlook: The global wood decking market grossed US$10.4 billion in 2033, registering a CAGR of 2.9% from 2023 to 2033. The market is expected to secure $7.8 billion in 2023.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR-certified, Stevie Award-winning market research firm and member of the Greater New York Chamber of Commerce) provides in-depth insights into the determinants driving demand in the marketplace. Opportunities are revealed that will fuel market growth in various segments based on source, application, distribution channel and end-use over the next 10 years.
Contact us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | youtube
For sales inquiries: sales@futuremarketinsights.com
www.benzinga.com
https://www.benzinga.com/pressreleases/23/05/g32611589/global-plumbing-fittings-and-fixtures-market-is-estimated-to-reach-us-164-8-billion-rising-at-a-ca
