Plumbing Fixtures & Fittings Market Size, Share, Industry Analysis, Top Key Players Review and Forecast to 2022

plumbing fixtures & fittings market is expected to grow over the CAGR of around 6% during the period 2016 to 2022

Pune, India - January 4, 2019 /MarketersMedia/ —

Market Overview:                                                                   

Plumbing fixtures and fittings are the components of plumbing systems that are installed in residential and commercial buildings and also in public properties. Market Research Future (MRFR) has published a report stating that the global plumbing fixtures and fittings market is marked to expand at a noteworthy growth rate during the forecast period of 2018-2022.

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Market Drivers and Restraints:

Increasing scarcity of fresh water in various parts of the world has created the emergence for additional ways to conserve water in residential and commercial places. High demand for installation of plumbing fixtures and fittings that utilize less water has created multiple opportunities for the expansion of the global plumbing fixtures and fittings market. Increasing popularity of modular kitchen and smart homes in developed and developing regions are also contributing to the growth of the global plumbing fixtures and fittings market. Increasing popularity of bathroom renovation projects that include installation of walk-in bathtubs, touchless faucets, and showerheads, showers with integrated seating and others are generating demand for technologically advanced plumbing fixtures and fittings. Increased manufacturing of products that are embedded with sensor technology is majorly propelling the growth of the global plumbing fixtures and fittings market. However, high cost of sophisticated fixtures and fittings and complexities related to the maintenance of these plumbing fixtures and fittings are likely to act as restraining factors for the expansion of the global plumbing fixtures and fittings market during the review period.

Market Segmentation:

The global plumbing fixtures and fittings market has been segmented on the basis of material and product. Based on material, the global plumbing and fixtures market has been segmented into vitreous China, metal and plastic. Based on product, the global plumbing and fixtures market has been segmented into bathroom fixtures and fittings, kitchen and sink fixtures and fittings, and toilet fixtures and fittings.

Regional Analysis:

The global plumbing fixtures and fittings market has been geographically segmented into four major regions such as North America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia Pacific region commands the major share in the global plumbing fixtures and fittings market owing to the increased construction activities and rise in investments for smart buildings and home in the emerging economies of this region. Initiation of water supply projects to provide drinking water in drought-prone areas and increased production of pipes for fixture and fitting purposes are also leading to the expansion of the plumbing fixtures and fittings market in the Asia Pacific region. Rapid infrastructural development and sophistication of plumbing systems in smart homes and commercial buildings are resulting in the significant expansion of the plumbing fixtures and fittings market in the North America region. Proliferation in manufacturers and increasing production of plumbing equipment are propelling the growth of the plumbing fixtures and fittings market in the Europe region.

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Industry Updates:

In May 2018, Mansfield Plumbing, an American manufacturer of plumbing products, has launched a new version of high-efficiency Vanquish in order to minimize the usage of water and cleaning time.

In July 2018, Aliaxis, a distributor and manufacturer of advanced plastic piping systems that also include fixtures and fittings, has announced that it will be fully acquiring Ashirvad Pipes in the next three years.

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Geberit AG (Switzerland)
Jacuzzi Inc. (U.S.)
MAAX Bath Inc. (Canada)
Masco Corporation (U.S.)
Kohler Co. (U.S.),
LIXIL Group Corporation (Japan)
TOTO Ltd (Japan)
Roca Sanitario S.A. (Spain)
Elkay Manufacturing Company (U.S.)
Fortune Brands Home & Security, Inc. (U.S.)

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Release ID: 465775