According to the latest report by IMARC Group, titled “Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global faucet market to grow at a CAGR of 9.3% during 2021-2026.
A faucet is a plumbing fixture that regulates the liquid or gas flow from a reservoir. It is generally manufactured using brass, steel, die-cast zinc, and chrome-plated plastic and comprises of handle, cartridge, spout, mixing chamber, aerator, and an inlet source. Few common types of faucets are pull-down, pull-out, hands-free, bar, pot, and side spray faucets. Additionally, single and dual control cartridge faucets are often used for residential applications. Single control faucet has a metal or plastic core operating vertically, and the dual control variants consist of a metal ball with spring-loaded rubber seals fitted into the body. These faucets are available in a different range of colors, styles, and finishing, which are customizable as per the user’s requirement.
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Rapid urbanization, coupled with the growing number of modern housing projects, is driving the market for faucets. Improving consumer living standards are augmenting the demand for luxurious and ergonomically-designed faucets. Additionally, several product innovations have led to the advent of touch-free, digital, and hybrid smart faucets equipped with efficiency sensors and temperature gauges. The growing number of promotional activities, along with the increasing sales of faucets across online retail channels offering wide product varieties is also bolstering the market growth.
Faucet Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of type, application, technology, materials, distribution channel, end user and region.
Breakup by Type:
Breakup by Application:
Breakup by Technology:
Breakup by Materials:
Breakup by Distribution Channel:
Breakup by End User:
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Breakup by Region:
Key highlights of the report:
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