Global Metal Floor Drain Market Overview:
Metal floor drain are the plumbing fixtures designed to install in the floor to serve the purpose of removing wastewater from floor areas and discharge the water directly into the sewer and wastewater systems. Increase in number of building & construction activities across the globe and high demand from household and commercial sectors are driving the growth of the market. However, increase in raw material prices may restrain the growth of the market over the forecast period. Asia Pacific is dominating the global market owing to increase in industrial and domestic applications of the metal floor drain.
As per latest study released by AMA Research, the Global Metal Floor Drain market is expected to see growth rate of 3.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Ecoguss Drains are in trend which combines the advantages of polymer (low weight and no corrosion) with those of cast iron (sound protection and heat resistance)
Market Growth Drivers:
High Demand from Infrastructure Development Sector Owing to Increase in Construction Activities and Increasing Awareness of Hygiene and Sanitary among People
Challenges:
Availability of Cheapest Substitutes such as Plastic Floor Drain and Intense Competition in the Market
Restraints:
High Cost of Product owing to Fluctuating Raw Material Prices and Rusting Problem Using Metal Floor Drain
Opportunities:
Government Initiatives and Policies for Hygiene and Sanitation and Increasing Number of Industries across the Globe
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Aliaxis Group (Belgium), Zurn Industries (United States), Watts Water Technologies (United States), ACO (Germany), Hongli Sanitary Ware (China), Geberit (Switzerland), Hongxing Manufacturing Group Ltd. (China), McWane (United States), Jayna (India) and KESSEL AG (Germany). The Vendors having a strong hold in the market are Aliaxis Group, Zurn Industries, Watts Water Technologies, ACO. Additionally, following companies can also be profiled that are part of our coverage like Caggiati Maurizio (Italy), HL Hutterer and Lechner GmbH (Germany), Miro Europe (Italy) and WeiXing NBM (China). Analyst at AMA Research see North America and Europe Vendors to retain maximum share of Global Metal Floor Drain market by 2030. Considering Market by Shape, the sub-segment i.e. Round will boost the Metal Floor Drain market. Considering Market by Size, the sub-segment i.e. 2 inch will boost the Metal Floor Drain market.
Countries that are members of the International Organization for Standardization (ISO) must adopt the ISO framework as a minimum standard set for plumbing products and materials.
What Can be Explored with the Metal Floor Drain Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Metal Floor Drain Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Metal Floor Drain
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Metal Floor Drain market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Metal Floor Drain market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Government Organisation, Real Estate Companies, Builders & Contractors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.