What is Plumbing Fixtures Market?
Plumbing fixtures are the devices that are connected to a plumbing system and interacts with water. Every plumbing feature will be designed for a particular use, and they are generally are designed with one function in mind. The plumbing fixtures market is expected to witness high growth as a result of the rising urbanization, building renovations due to disasters, large-scale investment in infrastructure & industrial sectors, and rising construction activities in emerging economies. The renovated buildings segment is projected to have the largest market share and dominate the plumbing fixtures market from 2018 to 2023. New buildings play a key role in changing the plumbing fixtures & fittings landscape and are projected to grow at the highest rate during the forecast period.
The market study is being classified by Type (Bathtub & shower fixtures, Sink fixtures, Toilet fixtures, Bathtub, Faucets & Taps, Drains and Others), by Application (New Buildings and Renovated Buildings) and major geographies with country level break-up.
Geberit AG (Switzerland), Jacuzzi Inc. (United States), Kohler Co. (United States), Masco Corporation (United States), TOTO Ltd. (Japan), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (United States), Elkay Manufacturing Company (United States), MAAX Bath Inc. (Canada) and Roca Sanitario, S.A. (Spain) are some of the key players profiled in the study.
The plumbing fixtures market is fragmented as the market has a number of companies that offer various products. The companies are exploring the market by expansions, investments, new service 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. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Plumbing Fixtures market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Plumbing Fixtures market by Type, Application and Region.
On the basis of geography, the market of Plumbing Fixtures has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Rapid Urbanization and Construction Industry in Emerging Economies
- Rising Investments in Commercial and Residential Infrastructure Globally
Market Trend
- Rapid Rising in the Demand for Smart and Eco-friendly Homes and Offices
Restraints
- Fluctuations in Raw Material Prices
Opportunities
- Rising Preference for Building Renovations Due to Disasters and Upgradation is Creates Opportunities Market
Challenges
- Rising Labor Costs in the Developed and Developing Nations
Key Target Audience
Plumbing Fixtures Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other