Reports
Global Faucet Market Size, Share, Trends, Growth, Forecast: By Product Type: Electronic, Manual; By Material: Metal, Plastics; By Application: Bathroom, Kitchen, Others; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Faucet Market Outlook
The global faucet market attained a value of nearly USD 43.46 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8% to attain a value of USD 86.96 billion by 2032.
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North America and the Asia Pacific to be the Significant Regional Markets for Faucet
North America is projected to be one of the largest markets for faucets in the forecast period. The market growth within the North America region can be attributed to the expanding residential sector in the region, which, in turn, has been revenue growth of faucets. The Asia Pacific, meanwhile, is expected to be one of the fastest growing regional markets in the coming years. The market growth in the Asia Pacific region is expected to be driven by the rapid urbanisation in countries such as India, China, Japan, and Singapore. The market in the Asia Pacific region is also projected to be driven by the growing presence of regional and global players. For instance, in 2020, Jaquar, one of the leading faucets manufacturers in India, announced the opening of two new factories in India with a CAPEX of INR 200 crores.
Faucet: Market Segmentation
Faucet is a device utilised to regulate the flow of liquid or gas from a pipe or a container. It is an essential accessory for bathrooms and kitchens and is gaining popularity amongst manufactures to satisfy consumer needs, which has led to the production of different types of electronic and digital faucets having unique features like water management, temperature control and automatic detection.
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The major product types of faucets are:
- Electronic
- Manual
The market can be broadly categorised on the basis of its applications into:
- Kitchen
- Bathroom
- Others
The industry can bifurcated on the basis of material into:
- Metal
- Plastics
By end use, the market can be segmented into:
- Residential
- Commercial
The EMR report looks into the regional markets of faucets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Expanding Real Estate Sector to Augment the Market Growth of Faucet
The market growth of faucet is being significantly driven by the expanding real estate sector, which is propelling the construction of residential and commercial buildings that require faucet installations. Rapid urbanisation, coupled with increasing disposable incomes, has increased the market growth further. The growing introduction of innovative technologies like digitised and automated faucets, with energy and water saving features, at cost effective rates, have further catalysed the growth of the market due to the increasing awareness about conservation of resources. While the COVID-19 pandemic in 2020 had an adverse effect on the market due to the low availability of raw materials and disruptions in the supply chain, the market is expected to witness a rebound, supportive by favourable trade policies. With governments around the globe aiming to provide housing to lower-income groups, the demand for faucets is further anticipated to grow.
Key Industry Players in the Global Faucet Market
The report presents a detailed analysis of the following key players in the global faucet market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Danze Inc.
- Fortune Brands Home & Security, Inc.
- Franke Holding AG
- LIXIL Corporation
- Masco Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Material, Application, End Use, Region |
| Breakup by Product Type | Electronic, Manual |
| Breakup by Material | Metal, Plastics |
| Breakup by Application | Bathroom, Kitchen, Others |
| Breakup by End Use | Residential, Commercial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Danze Inc., Fortune Brands Home & Security, Inc., Franke Holding AG, LIXIL Corporation, Masco Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Faucet Market Analysis
8.1 Key Industry Highlights
8.2 Global Faucet Historical Market (2018-2023)
8.3 Global Faucet Market Forecast (2024-2032)
8.4 Global Faucet Market by Product Type
8.4.1 Electronic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Manual
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Faucet Market by Material
8.5.1 Metal
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Plastics
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Faucet Market by Application
8.6.1 Bathroom
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Kitchen
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Faucet Market by End Use
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Fencing Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Faucet Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Faucet Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Faucet Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Faucet Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Faucet Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Danze Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Fortune Brands Home & Security, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Franke Holding AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 LIXIL Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Masco Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Faucet Market: Key Industry Highlights, 2018 and 2032
2. Global Faucet Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Faucet Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Faucet Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Faucet Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Faucet Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Faucet Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Faucet Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Faucet Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Faucet Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Faucet Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Faucet Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Faucet Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Faucet Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Faucet Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Faucet Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Faucet Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Faucet Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Faucet Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Faucet Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Faucet Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Faucet Market Structure
Key Questions Answered in the Report
In 2023, the global faucet market attained a value of nearly USD 43.46 billion.
The market is projected to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach around USD 86.96 billion by 2032.
The major drivers of the market are the robust growth of the real estate sector, rapid urbanisation, and favourable trade policies by governments to increase construction activities.
The key trends guiding the market growth include the surging awareness regarding resource conservation and the introduction of innovative technologies such as digitised and automated faucets with energy and water-saving features.
The major regions in the faucet market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major product types of faucets are electronic and manual.
The various segments based on the materials of faucet are metal and plastics.
Bathroom and kitchen, among others, are the significant applications of faucet.
The different end uses of faucet are residential and commercial.
The major players in the industry are Danze Inc., Fortune Brands Home & Security, Inc., Franke Holding AG, LIXIL Corporation, and Masco Corporation, among others.
Analyst Review
The global faucet market attained a value of USD 43.46 billion in 2023, driven by the rising real estate industry. Aided by the increased awareness about resource conservation and the introduction of technologies such as digitised and automated faucets with energy and water saving features, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the global faucet industry can be segmented into electronic and manual. By material, metal and plastics are the major types. On the basis of application, the industry can be divided into bathroom and kitchen, among others. Based on end-use, residential and commercial are the major segments. The major regional markets for the global faucet industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific, with North America, and the Asia Pacific accounting for the largest share of the market. The key players in the above market include Danze Inc., Fortune Brands Home & Security, Inc., Franke Holding AG, LIXIL Corporation, and Masco Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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