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Faucet Market Size, Share & Trends Analysis Report by End User (Residential, Commercial), by Application (Bathroom, Kitchen), by Distribution Channel (Online, Offline), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 75 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 5505328
The global faucet market is expected to reach USD 36.7 billion by 2030 and expand at a CAGR of 7.4% from 2022 to 2030. The faucet market is gaining high popularity due to growth in the real estate industry eventually increasing the construction of residential and commercial buildings that require faucet installations.



Due to urbanization, rapidly rising costs of houses and mortgage rates are influencing people to invest more in home remodeling projects. This has led to an increase in trendy and smart bathroom accessories and further enhanced the market growth. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry was estimated at USD 385 million in 2018.

The e-commerce distribution channel is witnessing momentum as the market players are focusing on the marketing of their products through different digital media platforms. The most commonly used digital mediums are social media accounts or pages and brand websites. Some of the major e-commerce sellers of faucets for kitchens, bathrooms, and other applications are Wayfair LLC, Hausera, Faucet Depot, and Amazon.

The prominent market players are offering pull-out and pull-down kitchen faucet technologies to gain substantial market share. These faucets in the market offer hand wave technologies, clap technology, Wi-Fi technology, etc. for the convenience of the consumers and efficient water conservation technologies. The pull-out and pull-down kitchen faucets operate at restricted flow rates in an effort to save water as per government regulations.

Faucet Market Report Highlights

  • In terms of revenue, the commercial segment has dominated the global market by accounting for the largest revenue share in 2021. This is attributed for top-notch restroom related facilities in malls and shopping complexes. Faucets enabled with touch technology are highly popular in commercial places which help in water conservation as well as in enhancing the aesthetics. Therefore, expansion of commercial sector is anticipated to drive the market in the near future.
  • The kitchen segment is estimated to be the fastest-growing segment during the forecast period, accounting for around 8% CAGR. The growing adoption of pull-out and pull-down faucets due to water efficient technologies are driving the demand for kitchen faucets among millennials. Asia Pacific is anticipated to experience a high pull-out and pull-down kitchen faucet market due to increasing population.
  • The introduction of sensor-based faucet is anticipated to fuel the growth of global market during the forecast period. This faucet ensures superior hygiene standards and water conservation. For instance, Daniel Rubinetterie, a Europe based creative faucet manufacturer has launched a range of sensor technology solutions dedicated to public environments.


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Frequently Asked Questions about the Global Faucet Market

What is the estimated value of the Global Faucet Market?

The Global Faucet Market was estimated to be valued at $20.4 Billion in 2022.

What is the growth rate of the Global Faucet Market?

The growth rate of the Global Faucet Market is 7.4%, with an estimated value of $36.7 Billion by 2030.

What is the forecasted size of the Global Faucet Market?

The Global Faucet Market is estimated to be worth $36.7 Billion by 2030.

Who are the key companies in the Global Faucet Market?

Key companies in the Global Faucet Market include Kohler Co., Kraus, USA, American Standard Brands, GROHE America Inc., Pfister, Delta Faucet Company, Moen Incorporated and Aqua Source Faucet.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. End User Outlook
2.3. Application Outlook
2.4. Distribution channel Outlook
Chapter 3. Faucets Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Driver Impact Analysis
3.4.2. Restraint Impact Analysis
3.4.3. Industry Challenges
3.4.4. Industry opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis-Porter’s Five Forces
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Faucets Market
3.7. Market Entry Strategies
3.8. Impact of Covid-19
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Faucets Market : End-user Estimates & Trend Analysis
5.1. End-user Movement Analysis & Market Share, 2021 & 2030
5.2. Residential
5.2.1. Market estimates and forecast by Residential, 2017-2030 (USD Million)
5.3. Commercial
5.3.1. Market estimates and forecast by Commercial, 2017-2030 (USD Million)
Chapter 6. Faucets Market : Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2021 & 2030
6.2. Bathroom
6.2.1. Market estimates and forecast by bathroom, 2017-2030 (USD Million)
6.3. Kitchen
6.3.1. Market estimates and forecast by kitchen, 2017-2030 (USD Million)
6.4. Other
6.4.1. Market estimates and forecast by other, 2017-2030 (USD Million)
Chapter 7. Faucets Market : Distribution Channel Estimates & Trend Analysis
7.1. Distribution channel Movement Analysis & Market Share, 2021 & 2030
7.2. Online
7.2.1. Market estimates and forecast through online, 2017-2030 (USD Million)
7.3. Offline
7.3.1. Market estimates and forecast through offline, 2017-2030 (USD Million)
Chapter 8. Faucets Market : Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2021 & 2030
8.2. North America
8.2.1. Market estimates and forecast, 2017-2030 (USD Million)
8.2.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.2.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.2.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2017-2030 (USD Million)
8.2.5.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.2.5.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.2.5.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecast, 2017-2030 (USD Million)
8.3.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.3.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.3.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.3.5. Germany
8.3.5.1. Market estimates and forecast, 2017-2030 (USD Million)
8.3.5.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.3.5.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.3.5.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.3.6. UK
8.3.6.1. Market estimates and forecast, 2017-2030 (USD Million)
8.3.6.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.3.6.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.3.6.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2017-2030 (USD Million)
8.4.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.4.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.4.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2017-2030 (USD Million)
8.4.5.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.4.5.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.4.5.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.4.6. India
8.4.6.1. Market estimates and forecast, 2017-2030 (USD Million)
8.4.6.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.4.6.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.4.6.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2017-2030 (USD Million)
8.5.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.5.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.5.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2017-2030 (USD Million)
8.5.5.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.5.5.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.5.5.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2017-2030 (USD Million)
8.6.2. Market estimates and forecast, by end-user, 2017-2030 (USD Million)
8.6.3. Market estimates and forecast, by application, 2017-2030 (USD Million)
8.6.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2021
Chapter 10. Company Profiles
10.1. Kohler Co.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Kraus, USA
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. American Standard Brands
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Grohe America Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. Pfister
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. Delta Faucet Company
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. Moen Incorporated
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Aqua Source Faucet
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives

Companies Mentioned

  • Kohler Co.
  • Kraus, USA
  • American Standard Brands
  • GROHE America Inc.
  • Pfister
  • Delta Faucet Company
  • Moen Incorporated
  • Aqua Source Faucet

Methodology

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