Global Residential Faucets Market Overview:
A Residential Faucets is a device for delivering water from a plumbing system, allows a user to turn the flow of water on and off. It is the whole mechanism for monitoring the flow of water. It can consist of several components such as handles, spout, cartridge, lift rod, aerator, mixing chamber, and water inlets. When the handle is turned on, the valve opens and regulates the water flow adjustment under any water or temperature condition. The body of the residential faucets is usually made up from brass, however, die-cast zinc, as well as chrome-plated plastics, are also used. Generally, residential faucets are single or dual-control cartridge faucets. Some single control varieties use a plastic or metal core that operates vertically.
As per latest study released by AMA Research, the Global Residential Faucets market is expected to see growth rate of 7.4%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:
Sensor-Based and Battery Operated Faucets
Market Growth Drivers:
The Rapid Growth Exhibited By the Housing Industry, Rising Disposable Incomes and A Rapid Increase in Urbanization
Challenges:
To Meet the Water Conservation Laws
Restraints:
Lack of Penetration into Several Countries
Opportunities:
Value Addition and Quality Improvement and Emerging Demand from Economies
Competitive Landscape:
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are LIXIL (Japan), TOTO (United States), Kohler (United States), Delta Faucet (United States), MOEN (United States), Hansgrohe (Germany), KWC (United States), Dornbracht America Inc. (United States), LATOSCANA (Paini) (United States) and KLUDI (Germany). Additionally, following companies can also be profiled that are part of our coverage like Zucchetti (Italy), Gessi S.p.A. (Italy), DAMIXA (Denmark) and HCG (Philippines). Analyst at AMA Research see United States Vendors to retain maximum share of Global Residential Faucets market by 2030. Considering Market by Material, the sub-segment i.e. Chrome will boost the Residential Faucets market.
Latest Market Insights:
In January 2022, Pearl Precision, which manufactures sanitary ware and bathroom accessories, launched state-of-the-art bathroom accessories comprising the C.P. Faucets family collection range, P.T.M.T. Taps, and other products existing with a sleek finish and latest design. The products were made available in are available in all the retail hardware and bathware stores.
In August 2023, Hindware Limited launched an array of innovative faucets in its product line, which consists of two new faucet ranges, “Fabio” and “Agnese,” featuring ground-breaking technology, style, and creativity. The expansion is aimed at providing integrated solutions with improved customer convenience, targeting its range of customers, Architects, Dealers, and Builders.
The Energy Policy and Conservation Act, as amended, 42 U.S.C. 6291–6309 (EPCA) establishes energy conservation or water use standards and test procedures for certain consumer products, including faucets. The Department of Energy (DOE) last amended the test procedures for faucets on September 30, 2013. Under the provisions of 42 U.S.C. 6295(j) (3), the water use standards for faucets have not been amended.
What Can be Explored with the Residential Faucets Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Residential Faucets Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Residential Faucets
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 Residential Faucets 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 Residential Faucets 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 Residential Faucets Manufacturers, Residential Faucets Distributors/Traders, Residential Faucets Importer/Exporter, Regulatory & Government Bodies, Industry Association, Downstream Vendors 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.