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Global Faucet Market: By Product Type: Electronic, Manual; By Material: Metal, Plastics; By Application: Bathroom, Kitchen, Others; By End Use: Residential, Commercial; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Faucet Market Outlook

The global faucet market attained a value of nearly USD 34.5 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8% to attain a value of USD 54.8 billion by 2026.

 

Global Faucet Market

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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.

 

Global Faucet Market Segment

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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.

 

Global Faucet Market Region

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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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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    Industry Opportunities and Challenges
8    Global Faucet Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Faucet Historical Market (2017-2021) 
    8.3    Global Faucet Market Forecast (2022-2027)
    8.4    Global Faucet Market by Product Type
        8.4.1    Electronic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Manual
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Faucet Market by Material
        8.5.1    Metal
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Plastics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Faucet Market by Application
        8.6.1    Bathroom
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Kitchen
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Others
    8.7    Global Faucet Market by End Use
        8.7.1    Residential
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Commercial
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Faucet Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Danze Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Fortune Brands Home & Security, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Franke Holding AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    LIXIL Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Masco Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

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, 2016 and 2026
2.    Global Faucet Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3.    Global Faucet Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4.    Global Faucet Historical Market: Breakup by Material (USD Billion), 2017-2021
5.    Global Faucet Market Forecast: Breakup by Material (USD Billion), 2022-2027
6.    Global Faucet Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Faucet Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Faucet Historical Market: Breakup by End Use (USD Billion), 2017-2021
9.    Global Faucet Market Forecast: Breakup by End Use (USD Billion), 2022-2027
10.    Global Faucet Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Faucet Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Faucet Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Faucet Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Faucet Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Faucet Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Faucet Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Faucet Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Faucet Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Faucet Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Faucet Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Faucet Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Faucet Market Structure

Key Questions Answered in the Report

In 2020, the global faucet market attained a value of nearly USD 34.5 billion.

The market is projected to grow at a CAGR of 8% between 2022 and 2027.

The major drivers of the market are the rising real estate industry, rapid urbanisation, rising disposable incomes, and favourable trade policies.

The key trends propelling the industry are increased awareness about 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 industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific, with North America and Asia Pacific accounting for the largest share in the market.

The major product types of faucets are electronic and manual.

The industry can be bifurcated on the basis of material into metal and plastics.

The market can be broadly categorised on the basis of its applications into kitchen and bathroom, among others.

The end-uses include 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 34.5 billion in 2020, 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 2022-2027, 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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