Faucet Market Product Type (Electronic and Manual), By Application (Bathroom, Kitchen, and Others), and Material (Metal and Plastic (PTMT)), and End user (Residential and Commercial): Global Opportunity Analysis and Industry Forecast 2027

ID: VPR/CO/1176 Publishing Year: January 2022 Pages: 118 Format:   


Faucet Market Overview:

A Faucet is a device that controls the flow of any liquid or gas. Handle, cartridge, spout, mixing chamber, aerator, and water inlets are among the components of a faucet. To accommodate client demand, faucets are offered in a wide selection of colours, designs, and finishes. When a faucet's handle is turned on, the valve opens and controls the flow of liquid or gas. The flow can be changed to suit the needs of the user. The faucet's body is usually constructed of brass, but die-cast zinc and chrome-plated plastic are also used in its production.

Single and dual control cartridge Faucets are common in residential settings. A metal or plastic core is installed in the single control type, which runs vertically. A metal ball with spring-loaded rubber seals is connected to the body of the faucet in the dual control type. Nylon cartridges with rubber seals are used in cheaper versions of dual control faucets. Ceramic disc cartridges are used in some faucets and are relatively long-lasting.

Key Players:

The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in the report include LIXIL Group Corporation, Sloan Valve Company, MASCO corporation, Paini (UK) Ltd, Fortune Brands Home & Security, Inc., Roca Sanitario S.A, TOTO Ltd., Spectrum Brands, Danze, Inc., and Rohl LLC.

Market Growth:

One of the key factors driving the Worldwide Faucet Market's Growth is an increase in consumer disposable income. The growing popularity of home remodelling and, as a result, the use of stylish and smart bathroom accessories is predicted to drive up demand in the market. During the forecast period, the introduction of sensor-based bathroom faucets, with the goal of ensuring improved hygiene standards and water saving, is also likely to fuel the Worldwide Faucet Market's Growth. The faucets market is gaining traction as the real estate industry expands, resulting in an increase in the construction of residential and commercial structures that require faucet installation.

Market Segmentation:

Product type, type, materials, distribution channel, end-user, technology, and application are all used to segment the Faucet Market. The growth of the various segments aids you in gaining information of the many growth variables that are projected to be prevalent throughout the industry, as well as formulating distinct tactics to help discover primary application areas and differences in your target markets.

The Faucets Market is divided into electronic and manual segments based on product type.

The Faucets Market is divided into three types: one-hand mixers, two-hand mixers, and others.

The Faucets Market is divided into metal and plastic segments based on the materials used (PTMT).

The Faucets Market is divided into four categories based on technology: cartridge, compression, ceramic disc, and ball.

The Faucets Market is divided into online and offline segments based on distribution channel.

The Faucets Market is divided into residential and commercial segments based on end-user.

Regional Analysis:

In 2019, Asia-Pacific has the largest share of the faucet market. This is due to an increase in residential and commercial building in the Asia Pacific area, which is likely to result in a high demand for faucets throughout the forecast period. Various government efforts for residential development have gained traction in growing economies such as China, India, Indonesia, and Singapore, among others. According to the Indian government, the Pradhan Mantri Awas Yojana (PMAY) would offer inexpensive housing to the urban poor population, with a goal of constructing 20 million affordable houses by March 31, 2020.

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