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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 (2018-2028); 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 2023-2028 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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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 (2018-2022) 
    8.3    Global Faucet Market Forecast (2023-2028)
    8.4    Global Faucet Market by Product Type
        8.4.1    Electronic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Manual
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Faucet Market by Material
        8.5.1    Metal
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Plastics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Faucet Market by Application
        8.6.1    Bathroom
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Kitchen
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Commercial
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)    
    8.8    Global Fencing Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Fencing Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Fencing Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Fencing Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Fencing Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Fencing Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Faucet Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Faucet Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Faucet Historical Market: Breakup by Material (USD Billion), 2018-2022
5.    Global Faucet Market Forecast: Breakup by Material (USD Billion), 2023-2028
6.    Global Faucet Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Faucet Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Faucet Historical Market: Breakup by End Use (USD Billion), 2018-2022
9.    Global Faucet Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10.    Global Faucet Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Faucet Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Faucet Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Faucet Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Faucet Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Faucet Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Faucet Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Faucet Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Faucet Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Faucet Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Faucet Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Faucet Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023 and 2028.

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 2023-2028, 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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