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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, 2021-2028

  • ID: 5505328
  • Report
  • November 2021
  • Region: Global
  • 80 Pages
  • Grand View Research

FEATURED COMPANIES

  • American Standard Brands
  • Aqua Source Faucet
  • Delta Faucet Company
  • GROHE America Inc.
  • Kohler Co.
  • Kraus, USA
The global faucet market size is anticipated to reach USD 31.1 billion in 2020, according to a new report by the publisher. The market is expected to expand at a CAGR of 6.8% from 2021 to 2028. The rapid growth of the bathroom fittings industry is presenting lucrative opportunities for faucets as a result of the rising demand for modernized bathrooms and kitchens.



Additionally, the increasing prominence of multi-functionality features on plumbing fixtures, with due importance given to aesthetic appeal is boosting demand for a variety of faucets in the market. Increasing spending on home improvement projects or home remodeling is also boosting the product demand. The need for water conservation measures is also resulting in the greater penetration of new and efficient faucets across applications.

The worldwide impacts of COVID-19 have already been felt and have significantly affected the market. The coronavirus pandemic has brought implications on many aspects, like travel bans, flight cancellations, the closing of restaurants and hotels, restriction on indoor events, significant slowing of the supply chain.

In terms of value, the commercial segment dominated the market and accounted for the largest revenue share globally. By 2028, this segment is expected to account for the highest market share and is also expected to witness the fastest growth over the forecast period. Significant expansion in the commercial sector, including hotels, restaurants, hospitals, public washrooms and toilets, malls and shopping complexes, airports, railway stations, and others is expected to drive the market demand in the near future.

North America was estimated to be the largest shareholder in 2020 and is estimated to be the same over the forecast period. The market growth is mainly attributed to the increased spending on residential renovations and repairs by people across North America. A rise in the construction of commercial buildings has fueled the market for smart and multifunctional faucets. The remodeling of bathrooms in the residential sector is also fueling the demand for smart faucets in the region.

The market is characterized by the presence of several well-established players such as Kohler Co.; Pfister; Delta Faucet Company; Moen Incorporated; and American Standard Brands. These players account for a significant market share and have a strong presence across the country. Moreover, the market comprises small to midsized players, who offer a selected range of faucets and mostly serve local customers.

Faucet Market Report Highlights

  • In terms of value, the commercial segment dominated the market and accounted for the largest revenue share globally. The segment is estimated to witness fastest growth over the forecast period
  • In terms of application, bathrooms are estimated to have the largest share in the market. Demand for faucets for bathroom applications is driven by the growing hospitality industry along with the rising real estate sector on a global level. The growing leisure and hospitality sector is the primary factor to fuel the demand for bathroom accessories worldwide
  • In terms of distribution channel, the offline segment is estimated to have the largest share in the market. Brick and mortar are the most preferred distribution channel due to their provision of detailed instructions about installation by the product specialists
  • North America held the largest revenue share in 2020. The market growth is mainly attributed to the increased spending on residential renovations and repairs by people across North America
Frequently Asked Questions about the Faucet Market

What is the estimated value of the Faucet Market?

The Faucet Market was estimated to be valued at $18.3 billion in 2020.

What is the growth rate of the Faucet Market?

The growth rate of the Faucet Market is 6.8%, with an estimated value of $31.1 billion by 2028.

What is the forecasted size of the Faucet Market?

The Faucet Market is estimated to be worth $31.1 billion by 2028.

Who are the key companies in the Faucet Market?

Key companies in the Faucet Market include Kohler Co., Kraus, USA, American Standard Brands, GROHE America Inc., Pfister, Delta Faucet Company and Aqua Source Faucet.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

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

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. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Faucets Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of Covid-19 on Faucets Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis – Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Faucets Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Application Adoption
4.4. Observations & Recommendations
Chapter 5. Faucets Market: End-user Estimates & Trend Analysis
5.1. End-user Movement Analysis & Market Share, 2020 & 2028
5.2. Residential
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.3. Commercial
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 6. Faucets Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2020 & 2028
6.2. Bathroom
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.3. Kitchen
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.4. Others
6.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 7. Faucets Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
7.2. Online
7.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3. Offline
7.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 8. Faucets Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2020 & 2028
8.2. North America
8.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.2.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.2.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.2.4. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.2.5.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.2.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.2.5.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.3.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.3.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.3.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.3.5. U.K.
8.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.3.5.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.3.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.3.5.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.3.6. Germany
8.3.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.3.6.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.3.6.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.3.6.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.4.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.4.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.4.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.4.5.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.4.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.4.5.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.4.6. India
8.4.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.4.6.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.4.6.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.4.6.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.5.2. Market estimates and forecast, by End user, 2016 - 2028 (USD Million)
8.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.5.4. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.5.5.2. Market estimates and forecast, by End User, 2016 - 2028 (USD Million)
8.5.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.5.5.4. Market estimates and forecast, by distribution, 2016 - 2028 (USD Million)
8.6. Middle East & Africa (MEA)
8.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.6.2. Market estimates and forecast, by End user, 2016 - 2028 (USD Million)
8.6.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
8.6.4. Market estimates and forecast, by distribution channel, 2016 - 2028 (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, 2020
Chapter 10. Company Profiles
10.1. Kohler Co.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Application Benchmarking
10.1.4. Strategic Initiatives
10.2. Kraus, USA
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Application Benchmarking
10.2.4. Strategic Initiatives
10.3. American Standard Brands
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Application Benchmarking
10.3.4. Strategic Initiatives
10.4. GROHE America Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Application Benchmarking
10.4.4. Strategic Initiatives
10.5. Pfister
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Application Benchmarking
10.5.4. Strategic Initiatives
10.6. Delta Faucet Company
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Application Benchmarking
10.6.4. Strategic Initiatives
10.7. Moen Incorporated
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Application Benchmarking
10.7.4. Strategic Initiatives
10.8. Aqua Source Faucet
10.8.1. Company Overview
10.7.2. Financial Performance
10.8.3. Application Benchmarking
10.8.4. Strategic Initiatives
List of Tables
1. Faucets market - Driving factor market analysis
2. Faucets market - Restraint factor market analysis
3. Residential market estimates and forecast, 2016 - 2028 (USD Million)
4. Commercial market estimates and forecast, 2016 - 2028 (USD Million)
5. Kitchen market estimates and forecast, 2016 - 2028 (USD Million)
6. Bathroom market estimates and forecast, 2016 - 2028 (USD Million)
7. Others market estimates and forecast, 2016 - 2028 (USD Million)
8. E-commerce market estimates and forecast, 2016 - 2028 (USD million)
9. Multi-brand retailers market estimates and forecast, 2016 - 2028 (USD million)
10. Local plumbing supply stores market estimates and forecast, 2016 - 2028 (USD million)
11. North America faucet market estimates and forecast, 2016 - 2028 (USD Million)
12. North America faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
13. North America faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
14. U.S. faucet market estimates and forecast, 2016 - 2028 (USD Million)
15. U.S. faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
16. U.S. faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
17. Europe faucet market estimates and forecast, 2016 - 2028 (USD Million)
18. Europe faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
19. Europe faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
20. Germany faucet market estimates and forecast, 2016 - 2028 (USD Million)
21. Germany faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
22. Germany faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
23. U.K. faucet market estimates and forecast, 2016 - 2028 (USD Million)
24. U.K. faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
25. U.K. faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
26. Asia Pacific faucet market estimates and forecast, 2016 - 2028 (USD Million)
27. Asia Pacific faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
28. Asia Pacific faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
29. China faucet market estimates and forecast, 2016 - 2028 (USD Million)
30. China faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
31. China faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
32. India faucet market estimates and forecast, 2016 - 2028 (USD Million)
33. India faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
34. India faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
35. Central & South America faucet market estimates and forecast, 2016 - 2028 (USD Million)
36. Central & South America faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
37. Central & South America faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
38. Brazil faucet market estimates and forecast, 2016 - 2028 (USD Million)
39. Brazil faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
40. Brazil faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
41. Middle East & Africa faucet market estimates and forecast, 2016 - 2028 (USD Million)
42. Middle East & Africa faucet market estimates and forecast, by end user, 2016 - 2028 (USD Million)
43. Middle East & Africa faucet market estimates and forecast, by application, 2016 - 2028 (USD Million)
List of Figures
1. Global faucet market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Global faucets market - Application growth
7. Global faucets market - Value chain analysis
8. Global faucets market - Retail channels
9. Frequency and median spend on the top interior room renovations by homeowners in the U.S. in 2018
10. Global smart homes market value 2020 (USD Billion)
11. Annual per capita toilet paper consumption in select countries (in rolls)
12. Global faucet market: Porters five forces analysis
13. Global Faucet market: PEST analysis
14. Roadmap of U.S. Faucets Market
15. Global faucets market: End-user movement analysis, 2020 & 2028
16. Global faucets market: Application movement analysis, 2020 & 2028
17. Global faucets market: Distribution channel share (%) analysis, 2020 & 2028
18. Global faucets market: Regional share (%) analysis, 2020 & 2028
19. Global faucets market: Estimated company market share (%) analysis, 2020
Note: Product cover images may vary from those shown
  • Kohler Co.
  • Kraus, USA
  • American Standard Brands
  • GROHE America Inc.
  • Pfister
  • Delta Faucet Company
  • Moen Incorporated
  • Aqua Source Faucet
Note: Product cover images may vary from those shown

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