Faucet market

Faucet Market Insights, COVID-19 Recovery, and Outlook to 2030- Forecasts by Types (Bathrooms, Kitchen, Others), Applications (Residential, Commercial), Distribution Channel (Offline, Online), Companies and Countries

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  • |Published Month : November, 2022
  • |No. of Pages : 155

The global $20.4 billion Faucet market is growing rapidly driven by widespread adoption across residential users, in bathrooms and kitchens. The report presents the global faucet market size outlook through 2030 across types including bathrooms, kitchens, and others. Further, Faucet sales across residential and commercial sectors from offline and online distribution channels are forecast. In addition, key market dynamics, companies and forecast for 15 countries and 6 regions are included in the global faucet market report.


Faucet Market Report Highlights, 2021

  • The global Faucets Market Size stood at $20.4 Billion in 2020
  • The COVID-19 resulted in year-on-year fluctuation of 4.3% in market value
  • Bathroom Faucet is the most used type with 46.4% market share
  • Residential sector continues to be the largest user of faucets, with 55.6% share
  • Driven by China, Asia Pacific dominates the global faucets market with 39.6% market share
  • Market is largely fragmented in nature and is characterized by domination of both domestic and multi-national companies
  • Leading Companies include- Grohe, Kohler, Masco, Toto and others


Global Faucets Market Size Outlook to 2030

Global Faucets Market Size Outlook, USD Billion, 2020 to 2030

Faucets Market Analysis, 2021

The global faucet market size stood at $20.4 Billion during 2020. The COVID-19 pandemic led to cancellation of trade shows and other marketing opportunities, which plays an important role in marketing of new products. Raw material supply disruptions, decline in construction activities, global trade decline and slow recovery in industries and economies resulted in demand decline during 2020. An estimated 4.2% demand decline in value terms is observed during the year.

However, with vaccination availability anticipated from December 2020 in developed countries, the industry is likely to recover growth from 2021. Sharp focus on capital employed, high product quality and innovation are some of the critical success factors for faucet manufacturing companies to stay ahead of competition during the recovery phase.

Overall market demand is driven by growth in Asia Pacific market demand. Rapid urbanization, increasing disposable incomes of individuals and drive for luxury and lush bathroom experiences are key market drivers in developing countries. Demand for advanced and smart faucets is being observed in China, India, South East Asia and other countries, which is encouraging the market growth.

Amidst intense competitive conditions in the market, companies are launching new products to escalate day-to-day experience of water-use of residential and commercial customers. Companies are focusing on manufacturing faucets to cater location-specific aesthetic needs to attract customers across markets. Further, faucets with multi-turn operation modes to suit individual utility needs are also being marketed widely.

Wide range of chrome and matte finish faucet mixers with varying thickness levels to withstand all ambient conditions are being introduced by companies. Varied finishes including Chrome, Black, Chrome and Oil Rubbed Bronze are witnessing demand growth. Faucets that assist in minimal consumption of water are being preferred. Accordingly, companies like Delta and Kohler are focusing on smart faucets.

The research report categorizes the Faucets into bathrooms, kitchen and other purposes. Of these, bathroom purpose faucets segment continues to dominate the global market during the forecast period due to the wide usage of products, emerging lifestyles and increasing middle class incomes.

In terms of end users, residential users dominate the market during 2020 with 55.6% market share. However, commercial sector will be the fastest growing market segment, poised to register 6.67% CAGR over the forecast period.

The market is characterized by presence of a large number of regional companies. Further, global majors are rapidly expanding into Asian markets driven by huge demand potential.


Faucets Market Companies Profiled in the Report

The global Faucets market is a highly competitive industry, with companies competing with each other to gain a greater market share.

Grohe, Kohler, Masco, Toto and others are among the main players in the industry.

Majority of the players are opting for business expansion in Asia Pacific through product launches, and mergers & acquisitions with domestic distribution networks.

Companies in this market have ramped up their product launch activities over the recent years to cater domestic industrial requirements, and are observed to increase their R&D activities. However, limited opportunities to showcase new products in 2020 coupled with low demand conditions posed challenges to the industry.


Faucets Market Trends- New product launches shape the future of markets

Constant innovation and novel offerings across price and design ranges remain the key market trend worldwide. Innovative crafted fixtures and faucets to cater emerging lifestyles of individuals, budgets, and water conditions/climate conditions are being launched worldwide. For instance, Delta launched kitchen collection inspired by French dance forms (Coranto), Emmeline (diamond and circular shapes), Kayra bath collection (additional functional features such as pull down spray wand), Trillian bathroom collection (inspired by prismatic architecture). Kohler launched products to cater styles and tastes of customers in individual countries such as Toobi, Stance collections, Couture, Konnect while jaguar is focusing on Queens models (with Victorian body), Tiarra faucets under Artize luxury brand, wide range of digital faucets by Hindware and others.


Faucets Market Drivers- Growth in commercial construction Sector

A growing client base of large investors in construction and infrastructure projects worldwide. The global construction industry is forecast to increase from $4.6 trillion in 2020 to $6.6 trillion in 2026, driven by significant market investments. Developers are focusing on commercial client-driven products in the hotels, restaurants and office projects. Developing countries such as Nigeria, South Africa, Bangladesh, Indonesia, India, and China are making robust efforts to improve lifestyles and deploying smart and attractive faucets and bathroom fittings. Further, professional marketing of faucets through organized and online retail channels, and initiative of the private sectors for developing attractive interiors are market drivers. Tourism growth is also one of the major drivers of commercial construction industry, which is driving demand for faucets worldwide. During 2019, Travel & Tourism's direct, indirect and induced impact accounted for: US$8.9 trillion contribution to the world's GDP and is increasing at 3.6% growth over the forecast period.


Faucets Market Challenges- High initial investment pose challenges for new entrants

Faucet manufacturing is a capital-intensive industry and amidst intense competition, product with superior finish and advanced features need to be manufactured. Involvement of high initial investment poses challenges for new entrants. Further, huge dealer margins, brand promotion investments and price competition with peer products discourage small and medium scale players.

Further, as corrosion remains one of the main challenges of faucets, companies must invest significant investments in corrosion resistant zinc and brass material based raw materials. Growth of demand for smart faucets requires further investments. However, domestic small and medium players are targeting local markets with low priced goods in large quantities with high dealer margins as the main marketing strategy in the private label competitive faucet industry. This poses challenges for aggressive business expansion plans of global players such as Kohler and Delta.


Faucets Market Report Segmentation


  • Bathrooms
  • Kitchen
  • Others


  • Residential
  • Commercial

Distribution Channel

  • Offline
  • Online


  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America


1.1 List of Tables    7
1.2 List of Figures    9

2.1 Summary    12
2.2 The global chemicals and materials industry in 2020    13
2.3 Faucets Industry Outlook, 2020 – 2030    14
2.4 Abbreviations    15

3.1 Market Segments - Types, Applications, and Countries    16
3.2 Report Guide    17
3.3 Research Methodology    18

4.1 Economic Factors    19
4.2 Demographic Factors    20

5.1 Industry Panorama, 2022    21
5.2 Major Faucet Companies    22
5.3 Faucet Market Trends    23
5.4 Largest End-User Applications    26

5.5 Dominant Faucet Types    27
5.5.1 Bathroom Faucets Market    28
5.5.2 Kitchen Faucets Market    29
5.5.3 Other Faucets Market    30

5.6 Leading Faucet Distribution Channels    31
5.6.1 Offline    32
5.6.2 Online    33

5.7 Regional Outlook    34

6.1 Low Growth Scenario    35
6.2 Reference Case Scenario    36
6.3 High Growth Scenario    36

7.1 Residential Faucets Market    38
7.2 Commercial Faucets Market    38

8.1 Outlook    40
8.2 Trends and Opportunities    41
8.2.1 Bathroom type dominates the North American Faucets Market    41
8.2.2 Residential Users dominates the North American Faucets Market    42
8.2.3 Offline Distribution Channel dominates the North American Faucets Market    43
8.2.4 The US dominates the North American Faucets Market    44

8.3 Market Outlook by Country    45
8.3.1 United States Faucet Market Outlook to 2030    45
8.3.2 Canada Faucet Market Outlook to 2030    46
8.3.3 Mexico Faucet Market Outlook to 2030    47

9.1 Outlook    48
9.2 Trends and Opportunities    49
9.2.1 Bathroom Faucets dominates the European Faucets Market    49
9.2.2 Residential Users dominates the European Faucets Market    50
9.2.3 Offline Distribution Channel dominates the European Faucets Market    51
9.2.4 Germany dominates the European Faucets Market    52

9.3 Market Outlook by Country    53
9.3.1 Germany Faucet Market Outlook to 2030    53
9.3.2 United Kingdom Faucet Market Outlook to 2030    54
9.3.3 France Faucet Market Outlook to 2030    55
9.3.4 Spain Faucet Market Outlook to 2030    56
9.3.5 Italy Faucet Market Outlook to 2030    57

10.1 Outlook    58
10.2 Trends and Opportunities    59
10.2.1 Bathroom Faucets dominate the Asia Pacific Faucets Market    59
10.2.2 Residential Users dominates the Asia Pacific Faucets Market    60
10.2.3 Offline Distribution Channel dominates the Asia Pacific Faucets Market    61
10.2.4 China dominates the Asia Pacific Faucets Market    62

10.3 Market Outlook by Country    63
10.3.1 China Faucet Market Outlook to 2030    63
10.3.2 India Faucet Market Outlook to 2030    64
10.3.3 Japan Faucet Market Outlook to 2030    65
10.3.4 Other Asia Pacific Faucet Market Outlook to 2030    66

11.1 Outlook    67
11.2 Trends and Opportunities    68
11.2.1 Bathroom Faucets dominates the Latin American Pacific Faucets Market    68
11.2.2 Residential Users dominate the Latin American Faucets Market    69
11.2.3 Offline Distribution Channel dominates the Latin American Faucets Market    70
11.2.4 Brazil dominates the Latin America Faucets Market    71

11.3 Market Outlook by Country    72
11.3.1 Brazil Faucet Market Outlook to 2030    72
11.3.2 Argentina Faucet Market Outlook to 2030    73
11.3.3 Other Latin America Faucet Market Outlook to 2030    74

12.1 Outlook    75
12.2 Trends and Opportunities    76
12.2.1 Bathroom Faucets dominates the Middle East and Africa Pacific Faucets Market    76
12.2.2 Residential Users dominates the Middle East and Africa Faucets Market    77
12.2.3 Offline Distribution Channel dominates the Middle East and African Faucets Market    78
12.2.4 Middle East dominates the MEA Faucets Market    79

12.3 Market Outlook by Country    80
12.3.1 Middle East Faucet Market Outlook to 2030    80
12.3.2 Africa Faucet Market Outlook to 2030    81

13.1 Masco Corporation
13.1.1 Overview
13.1.2 SWOT Analysis
13.1.3 Strategies
13.1.4 Key Financials

13.2 Vileroy and Boch AG
13.2.1 Overview
13.2.2 SWOT Analysis
13.2.3 Strategies
13.2.4 Key Financials

13.3 Toto Ltd
13.3.1 Overview
13.3.2 SWOT Analysis
13.3.3 Key Financials

13.4 Lixil Group
13.4.1 Overview
13.4.2 SWOT Analysis
13.4.3 Key Financials

14.    APPENDIX    145
14.1 About USD Analytics    145
14.2 Sources and Research Methodology    147
14.3 Copyright    149

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