The global sanitary fittings and fittings market size was estimated at US$8.96 billion in 2022 and is expected to grow at a significant CAGR of 6.9% during the forecast period 2023-29. In addition, the global sanitary fittings and fittings market is increasingly adopting intelligent and connected sanitary solutions. These solutions incorporate IoT (Internet of Things) technology to enable remote monitoring, control and optimization of plumbing systems. Smart faucets, showers and toilets with features such as hands-free operation, water temperature control and water flow management are growing in popularity. This trend is being driven by the growing demand for convenience, water efficiency and improved hygiene in residential, commercial and industrial environments.
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The Global Plumbing Fixtures and Fittings Market Segmentation:
1) By type: bathroom and shower faucets, toilet faucets, kitchen and other kitchen sink faucets, toilet faucets
2) By material: vitreous china, metal, plastic
3) By Application: Residential Buildings, Commercial Buildings, Industrial Buildings
The residential segment dominates the market for plumbing fixtures and fittings
The residential segment is expected to hold the largest market share in the plumbing fixtures and fittings market. This is due to the increasing demand for plumbing fixtures in residential construction projects, including new builds and home renovations. The growth of the residential segment is due to factors such as population growth, urbanization and the need for modern and efficient plumbing systems in homes. For example, the US Census Bureau reported that approximately 1.52 million housing units were approved for construction in the United States in 2020. This indicates significant demand for residential plumbing fixtures, including products such as faucets, toilets, sinks, showers and pipes. Additionally, the increasing focus on water conservation and sustainability in residential buildings has led to the adoption of water efficient fixtures and fittings, further driving demand in this segment.
North America is a leader in the global sanitary fittings and fittings market:
In North America, the Plumbing Fixtures and Fittings market will hold a XX% market share in 2022 and the market is expected to grow at a significant CAGR during the forecast period. The growth of the plumbing fixtures and fittings market in this region is being driven by factors such as the growth in residential and non-residential construction. Also, the growing population and economic development are other factors driving the growth of this market.
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The profiles of the major players covered in the Sanitary Fittings and Fittings market report are Geberit AG (Switzerland), Fortune Brands Home & Security, Inc., LIXIL Group Corporation, Masco Corporation, TOTO LTD, Roca Sanitario SA, GWA Group Limited (Australia) and Elkay Manufacturing Company, Kohler Co. (USA), Hindware Homes
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