Faucet Manufacturing in the US - Industry Market Research Report

Plumbing deep: The industry is expected to experience growth due to a healthy nonresidential market

Declines in construction activity have limited demand for the faucet manufacturing industry over the past five years to 2023. Demand for faucets primarily relies on the number of new houses built, residential remodeling activity and trends in the nonresidential construction market. Industry revenue has declined and has fluctuated with construction activity. Construction markets tend to be cyclical, typically experiencing years of decline following years of growth. In addition, due to the emergence of the pandemic in 2020, activity within the nonresidential sector eroded. Also, high-interest rates issued by the Federal Reserve hindered residential construction activity, hampering industry revenue. Over the past five years, revenue has lagged at a CAGR of 0.9% to $6.1 billion, including an expected 3.0% drop in 2023. Profit is expected to climb to 8.1% of revenue in 2023 from 8.0% in 2018.

This industry comprises establishments primarily engaged in manufacturing metal and plastics plumbing fixture fittings and trim, such as faucets, flush valves and shower heads.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.