About Spigots
Spigots also known as faucets are commonly used to control the flow of liquid. Spigots are widely installed in the residential or commercial buildings and public places like garden, park, etc. to control the water flow. Increasing focus on the innovation and development of spigot technology by the vendors to meet the increasing demand for spigots with new designs and features, and remain competitive in the market will accelerate the growth. Wall mounted spigots are becoming more popular for the installation where space is not enough to install deck spigots. Post-covid era has created significant opportunities for the automatic sensor spigots for various applications in order to reduce human contact, maintain hygiene, and reduce the risk of spread of virus or bacteria.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Spigots market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
American Standard Brands (United States), HANSA Armaturen GmbH (Germany), Grohe (Germany), Amico Faucets (China), Zucchetti Rubinetteria S.p.A. (Italy), Masco (United States), Blanco (United States), Moen Incorporated (United States), Huayi (China), Hansgrohe (Germany), KWC Group AG (Switzerland), Brizo (United States), Paini S.p.A. (Italy) and Kohler Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Spigots market by Type (Indoor {Ball, Disc, Cartridge, Compression} and Outdoor {Anti-Siphon, Yard Hydrant}), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Spigots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Deck Mounted will boost the Spigots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Spigots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Handle Type, the sub-segment i.e. Single-Handle will boost the Spigots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Spigots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on the Development and Launch of Spigots with Different Designs and Styles and Growing Popularity of Infrared Spigots for Commercial Applications for Touch Less and Automatic Opening of Spigots
Market Growth Drivers:
High Applications of Spigots in the Residential for Installation in Kitchen or Bathroom, Increasing Infrastructural Development in the Urban Areas Due to Emerging Industrialization and Urbanization and Use of Brass Material for the Manufacturing of Spigots Due to Its resistance to Soft-Water Corrosion and Hard-Water Calcification
Challenges:
Unresponsiveness of Infrared Spigots Due to Low Batteries May Create Challenges
Restraints:
Strict Regulations on the Use of Plastic Due to Environmental Impact
Opportunities:
Increasing Use of Deck Mounted Spigots Over Wall Mounted Spigots for Various Applications as It is Easy to Install and Maintain
Market Leaders and their expansionary development strategies
In 2020, Delta Faucet Company, a division of Masco Corporation announced the acquisition of Kraus, the online plumbing fixture company that offers modern, high-quality sinks, faucets, and related products. Masco is a US-based leading manufacturer of residential and commercial faucets. The acquisition of Kraus will bring its complementary product portfolio and also leverage benefit of its robust online presence, which will help to strengthen Masco’s market-leading offerings, and drive further growth.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Spigots Manufacturers, Spigots Suppliers & Distributors, Venture Capitalists and Private Equity Firms, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.