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Plumbing Fittings and Fixtures - Global Market Trajectory & Analytics

  • ID: 338767
  • Report
  • February 2022
  • Region: Global
  • 443 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • American Bath Group
  • Asahi Eito Co., Ltd.
  • Geberit AG
  • Jacuzzi, Inc.
  • LIXIL Corporation
  • Masco Corporation

Global Plumbing Fittings and Fixtures Market to Reach $106.4 Billion by 2026


Plumbing fittings and fixtures are crucial components of a plumbing system installed in buildings, either commercial or residential, for efficient distribution of water into the building for drinking, washing, and heating and for removing waterborne wastes from the building. Demand in the market is expected to be driven by growing number of home purchases, income growth, and remodeling of homes. Fast paced urbanization creates significant demand for housing units and construction of the same, thus favoring growth in the market. Growing demand for expensive, high-end plumbing fixtures from luxury housing segment and star hotels, will also add to the revenue for this segment. Demand for plumbing fixtures will be especially driven by the expansion of water treatment infrastructures in developing countries.

Amid the COVID-19 crisis, the global market for Plumbing Fittings and Fixtures estimated at US$81.8 Billion in the year 2020, is projected to reach a revised size of US$106.4 Billion by 2026, growing at a CAGR of 4.4% over the analysis period. Bathroom Fixtures & Fittings, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$53.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Kitchen & Sink Fixtures & Fittings segment is readjusted to a revised 5.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $17.8 Billion in 2021, While China is Forecast to Reach $28.8 Billion by 2026


The Plumbing Fittings and Fixtures market in the U.S. is estimated at US$17.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.8 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Higher emphasis on personal hygiene and cleanliness, and new building projects along with renovation programs contribute significantly to plumbing fittings & fixtures demand in the US. Rapid pace of industrialization, sustained increase in manufacturing/industrial activity, economic growth, improving living standards, and increase in discretionary spends, along with rising construction activity spur growth in the Asia-Pacific region.

Toilet & Sink Fixtures & Fittings Segment to Reach $17.3 Billion by 2026


Sink fixtures are products that are mainly focused on the sink area in the kitchen and lavatory. These fittings include deck faucets, single-lever controls, and other sink fittings. Toilet plumbing fixtures include lavatory fixtures such as urinals, flush tanks, and water closet bowls. In the global Toilet & Sink Fixtures & Fittings segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.5 Billion in the year 2020 will reach a projected size of US$13.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2026, while Latin America will expand at a 4.2% CAGR through the analysis period.

Select Competitors (Total 374 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
Frequently Asked Questions about the Global Market for Plumbing Fittings and Fixtures

What is the estimated value of the Global Market for Plumbing Fittings and Fixtures?

The Global Market for Plumbing Fittings and Fixtures was estimated to be valued at $81.8 Billion in 2020.

What is the growth rate of the Global Market for Plumbing Fittings and Fixtures?

The growth rate of the Global Market for Plumbing Fittings and Fixtures is 4.5%, with an estimated value of $106.4 Billion by 2026.

What is the forecasted size of the Global Market for Plumbing Fittings and Fixtures?

The Global Market for Plumbing Fittings and Fixtures is estimated to be worth $106.4 Billion by 2026.

Who are the key companies in the Global Market for Plumbing Fittings and Fixtures?

Key companies in the Global Market for Plumbing Fittings and Fixtures include 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 and Jaquar and Company Pvt. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • American Bath Group
  • Asahi Eito Co., Ltd.
  • Geberit AG
  • Jacuzzi, Inc.
  • LIXIL Corporation
  • Masco Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
  • Global Construction Spending (in US$ Trillion) for the Years 2019, 2020 & 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Plumbing Fittings and Fixtures - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Plumbing Fittings and Fixtures: A Prelude
  • Growth Drivers for Plumbing Fittings & Fixtures: On a Scale 1 - 10 (10 - High Impact; 1 - Low Impact)
  • 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
  • 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
  • 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
  • Global Smart Homes Market in US$ Billion for the Years 2020 and 2022
  • 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
  • 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
  • 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
  • Global Plumbing Fittings & Fixtures Market by Distribution Channel, Online and Offline: 2020
  • Favorable Demographic Scenario Boosts Market Prospects
  • Population Growth & Rapid Urbanization
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • World Urban Population in Thousands: 1950-2050P
  • Expanding Middle Class Population and Rising Standards of Living
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Residential Construction: A Key End-Use Sector
  • Housing Starts in US in Thousands: 2015-2019
  • Housing Starts in US: Jan-Oct 2020
  • Non-Residential Segment: An Important Market
  • Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • 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
  • Market Share of Leading Players in the US Plumbing Products Market (2019)
  • Market Analytics

CANADA

  • Market Overview
  • Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • Housing Starts in Canada in Units: Jan 2020-Oct 2020
  • Market Analytics

JAPAN

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Urbanization has Positive Impact on Plumbing Products
  • Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities
  • Market Analytics

EUROPE

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Market Overview

FRANCE

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
  • Market Analytics

AUSTRALIA

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Opportunities for Plumbing Products in India
  • Construction Activity to Buoy Prospects
  • Rising Income Levels and Urbanization Boosts Prospects for Plumbing Products
  • Urbanization Trends in India: Number of Inhabitants (in Million) for Years 1991, 2001, 2011 & 2021
  • Percentage Share Breakdown of Indian Households by Income Group (2015 & 2025)
  • Government Housing Projects Drive Demand
  • Competitive Scenario
  • Market Share of Leading Players in the Indian Sanitaryware Market: 2019
  • Market Analytics

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Plumbing Fittings and Fixtures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 374
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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