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Plumbing Fittings and Fixtures - Global Market Trajectory & Analytics

  • ID: 338767
  • Report
  • January 2021
  • Region: Global
  • 464 Pages
  • Global Industry Analysts, Inc
The global market for Plumbing Fittings and Fixtures is projected to reach US$ 85.6 billion by 2022, driven by the growing demand for resource-efficient plumbing products in new construction and renovation projects. The growth in the market will also be driven by the steady recovery in construction activity worldwide, increase in housing projects in developing countries, and strong growth of the hospitality industry as a result of the rise in leisure travel and tourism. Other major factors poised to benefit growth include rapid urbanization in developing countries and smart city initiatives undertaken by governments worldwide; rise in building renovations supported by green building regulations; technology developments aimed at improving performance, personal comfort, and aesthetics; and growing availability of smart “certified” products like “WaterSense” in the United States. A key trend in the market is the rising popularity of touch-free bathroom and toilet fixtures such as touchless bathroom faucets, paper product dispensers, soap dispensers, toilet and urinal flusher, among others. In the healthcare sector, as hospitals battle against the ever-present threat of infection and cross-contamination, touchless fixtures in washroom are poised to bring in new opportunities for growth. Asia-Pacific represents the largest as well as the fastest growing market worldwide led by robust construction activity in India, Korea, Taiwan, Singapore, Thailand and Indonesia, rising investments in smart buildings and homes, rise in bathroom and kitchen remodeling projects among the upwardly mobile middle class population, and the growing preference for functional and feature rich bathrooms.

Select Competitors (Total 227 Featured):
  • American Bath Group
  • MAAX Bath Inc.
  • Asahi Eito Co., Ltd.
  • Cera Sanitaryware Ltd.
  • Elkay Manufacturing Company
  • Geberit AG
  • Hindustan Sanitaryware & Industries Ltd.
  • Ideal Standard International
  • Jacuzzi, Inc.
  • Jaquar and Company Pvt. Ltd.
  • Kohler Co.
  • LIXIL Corporation
  • American Standard Brands
  • Grohe AG
  • Masco Corporation
  • Moen Incorporated
  • Roca Sanitario S.A
  • Roca UK
  • Roca Bathroom Products Pvt., Ltd.
  • Spectrum Brands Incorporated
  • Toto Ltd.
  • Villeroy & Boch
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
  • EXHIBIT 1: Global Construction Spending (in US$ Trillion) for the Years 2019, 2020 & 2021
  • EXHIBIT 2: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • EXHIBIT 3: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Plumbing Fittings and Fixtures: A Prelude
  • EXHIBIT 4: Growth Drivers for Plumbing Fittings & Fixtures: On a Scale 1 - 10 (10 - High Impact; 1 - Low Impact)
  • EXHIBIT 5: Growth Dampeners for Plumbing Fittings & Fixtures: On a Scale 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Types of Plumbing Fittings and Fixtures
  • Plumbing Fittings
  • Plumbing Fixtures
  • Asia-Pacific: The Dominant Market
  • China: A Major Market
  • Developed Regions Continue to Offer Opportunities
  • Competitive Scenario
  • EXHIBIT 6: Market Share of Leading Players in the Global Plumbing Products Market: 2019 Company % Share
  • Collaborations with Plumbing Contractors Gain Strategic Importance
  • Consolidation Activity in Recent Past
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Touchless Solutions Gain Interest amid the COVID-19 Pandemic
  • Residential Sector Remains a Significant Market
  • EXHIBIT 7: Global Plumbing Fittings and Fixtures Market by End-Use Segment: 2020
  • Building Renovations & Remodeling: A Key Revenue Contributor
  • Changes in Consumer Habits during COVID-19 Crisis Buoy Demand for Plumbing Fittings and Fixtures in Renovation Projects
  • Rehabilitating Stagnant Water Systems Gains Significance Post Pandemic
  • Smart Homes Drive Demand for Smart Plumbing Products
  • EXHIBIT 8: Global Smart Homes Market in US$ Billion for the Years 2020 and 2022
  • EXHIBIT 9: Global Smart Homes Market by Category for the Years 2020 and 2022
  • Voice-Activated Faucets: A New Age Phenomenon
  • Smart Toilets Designed to Add Convenience
  • Smart Showers Mark a Revolution in Shower Industry
  • Growing Focus on Water Conservation Drives Innovative Product Designs
  • Water Conservation Gains Significance in Shower Business
  • Demand Picks up for Energy Efficient Appliances
  • Increasing Number of Homes with Multiple Bathrooms Elevate Opportunities
  • Plumbing Innovations Pull Growth Opportunities
  • Changing Demographic and Lifestyle Redefine Bathroom Fixtures market
  • Innovative Shower Panels and Attractive Designs Elevate Showering Experience
  • Plumbing Fittings Segment Driven by Standard Fittings
  • Environmental Friendly Products Gain Traction
  • Plastics Seek Greater Role in Plumbing
  • Products with Traditional Material Finishes Back in Vogue
  • Creative Faucets Gain Attention
  • Quality Scores Over Aesthetics for Plumbing Products
  • EXHIBIT 10: Factors Shaping Consumer’s Choice: Rating on a Scale 1 - 10 (10 - High Impact, 1 - Low Impact)
  • Premium Products High in Demand
  • New Constructions Offer Significant Opportunities
  • Online Marketplace Picks up Growth
  • EXHIBIT 11: Global Plumbing Fittings & Fixtures Market by Distribution Channel, Online and Offline: 2020
  • Favorable Demographic Scenario Boosts Market Prospects
  • Population Growth & Rapid Urbanization
  • EXHIBIT 12: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • EXHIBIT 13: World Urban Population in Thousands: 1950-2050P
  • Expanding Middle Class Population and Rising Standards of Living
  • EXHIBIT 14: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Residential Construction: A Key End-Use Sector
  • EXHIBIT 15: Housing Starts in US in Thousands: 2015-2019
  • EXHIBIT 16: Housing Starts in US: Jan-Oct 2020
  • Non-Residential Segment: An Important Market
  • EXHIBIT 17: Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • EXHIBIT 18: US Non Residential Buildings % Change: 2019 & 2020
  • Key Market Trends
  • Rise in Demand for Touch-free Plumbing Fixtures
  • Plumbing Fixtures to Grow at Higher Rate
  • Water Saving Products Gain Demand
  • Bathroom Renovations Add to Growth
  • Walk-in Bathtubs Gather Momentum
  • Bathtub and Shower Combos Gain Attention in Bathtub Renovation
  • Demand on High for Stylish Fittings
  • Material-wise Performance
  • Competitive Scenario
  • EXHIBIT 19: Market Share of Leading Players in the US Plumbing Products Market (2019)
  • Market Analytics
  • CANADA
  • Market Overview
  • EXHIBIT 20: Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • EXHIBIT 21: Housing Starts in Canada in Units: Jan 2020-Oct 2020
  • Market Analytics
  • JAPAN
  • Market Overview
  • Market Analytics
  • CHINA
  • Market Overview
  • Urbanization has Positive Impact on Plumbing Products
  • EXHIBIT 22: Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities
  • Market Analytics
  • EUROPE
  • Market Overview
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • EXHIBIT 23: Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
  • Market Analytics
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Opportunities for Plumbing Products in India
  • Construction Activity to Buoy Prospects
  • Rising Income Levels and Urbanization Boosts Prospects for Plumbing Products
  • EXHIBIT 24: Urbanization Trends in India: Number of Inhabitants (in Million) for Years 1991, 2001, 2011 & 2021
  • EXHIBIT 25: Percentage Share Breakdown of Indian Households by Income Group (2015 & 2025)
  • Government Housing Projects Drive Demand
  • Competitive Scenario
  • EXHIBIT 26: Market Share of Leading Players in the Indian Sanitaryware Market: 2019
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Market Overview
  • Market Analytics
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 125
Note: Product cover images may vary from those shown
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