PRESS RELEASE
Published October 9, 2023
IMARC Group, a leading market research company, has recently releases report titled “Plumbing Fixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global plumbing fixtures market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the plumbing fixtures market?
The global plumbing fixtures market size reached US$ 84.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 114.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.05% during 2023-2028.
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What are plumbing fixtures?
Plumbing fixtures are essential components of a plumbing system that enable the delivery of water and the removal of wastewater and facilitate various functions within residential, commercial, and industrial buildings. These fixtures are designed to provide convenience, hygiene, and efficiency in water usage. They comprise several devices and equipment, including sinks, faucets, toilets, showers, bathtubs, bidets, urinals, and drinking fountains. They are available in various designs, materials, and finishes to meet aesthetic and functional preferences. They are also made from ceramic, porcelain, stainless steel, or acrylic materials, offering durability and resistance to water damage. Additionally, properly installing, maintaining, and repairing plumbing fixtures are essential to ensure their optimal performance and prevent leaks, clogs, and other plumbing issues. As a result, plumbing fixtures are essential in everyday life, providing necessary functions for personal hygiene, cleaning, and waste disposal to individuals across the globe.
What are the growth prospects and trends in the plumbing fixtures industry?
Plumbing fixtures are essential components of a plumbing system that enable the delivery of water and the removal of wastewater and facilitate various functions within residential, commercial, and industrial buildings. These fixtures are designed to provide convenience, hygiene, and efficiency in water usage. They comprise several devices and equipment, including sinks, faucets, toilets, showers, bathtubs, bidets, urinals, and drinking fountains. They are available in various designs, materials, and finishes to meet aesthetic and functional preferences. They are also made from ceramic, porcelain, stainless steel, or acrylic materials, offering durability and resistance to water damage. Additionally, properly installing, maintaining, and repairing plumbing fixtures are essential to ensure their optimal performance and prevent leaks, clogs, and other plumbing issues. As a result, plumbing fixtures are essential in everyday life, providing necessary functions for personal hygiene, cleaning, and waste disposal to individuals across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Bathtub
- Sinks
- Toilets
- Showers
- Faucets and Taps
- Drains
- Others
Breakup by Location:
Breakup by Application:
- New Construction
- Repair and Renovation
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bradley Corporation
- Elkay Manufacturing Company
- Globe Union Industrial Corp.
- Hansgrohe SE (Masco Corporation)
- Kohler Co.
- LIXIL Corporation
- MAAX Bath Inc. (American Bath Group)
- Moen Incorporated (Fortune Brands Home & Security Inc.)
- Roca Sanitario S.A.
- Toto Ltd.
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