The Latin America, Middle East and Africa Faucet Market is projected to witness market growth of 9.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 46.01 million units, showcasing a growth of 10.5% (2024-2031).
In kitchen applications, faucets play a crucial role in daily activities such as cooking, cleaning, and food preparation, making functionality and durability key considerations for consumers. Kitchen faucets offer various advantages including ease of use, water efficiency, and design versatility to complement kitchen aesthetics. Thus, the Saudi Arabia market is expected to utilize 2.46 million units of faucet in kitchen application by 2031.
The Brazil market dominated the LAMEA Faucet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $1.11 billion by 2031. The Argentina market is showcasing a CAGR of 9.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.7% during (2024 - 2031).
Environmental sustainability is another critical driver of innovation in the market. Consumers are increasingly interested in environmentally beneficial products that conserve water and minimize their environmental impact as they become more cognizant of environmental concerns.
Moreover, in response, manufacturers have developed a range of water-efficient faucets featuring technologies such as low-flow aerators and sensors that automatically shut off water flow when not in use. These eco-friendly designs help reduce water consumption and lower utility bills, making them attractive options for residential and commercial customers.
Economic growth in several LAMEA countries is leading to an increase in disposable income. This empowers consumers to invest in home improvement projects, including bathroom and kitchen renovations, often replacing faucets. Many LAMEA governments prioritize infrastructure development, including investments in public housing projects and commercial spaces. This increased focus on infrastructure creates a demand for faucets in these new buildings.
In kitchen applications, faucets play a crucial role in daily activities such as cooking, cleaning, and food preparation, making functionality and durability key considerations for consumers. Kitchen faucets offer various advantages including ease of use, water efficiency, and design versatility to complement kitchen aesthetics. Thus, the Saudi Arabia market is expected to utilize 2.46 million units of faucet in kitchen application by 2031.
The Brazil market dominated the LAMEA Faucet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $1.11 billion by 2031. The Argentina market is showcasing a CAGR of 9.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.7% during (2024 - 2031).
Environmental sustainability is another critical driver of innovation in the market. Consumers are increasingly interested in environmentally beneficial products that conserve water and minimize their environmental impact as they become more cognizant of environmental concerns.
Moreover, in response, manufacturers have developed a range of water-efficient faucets featuring technologies such as low-flow aerators and sensors that automatically shut off water flow when not in use. These eco-friendly designs help reduce water consumption and lower utility bills, making them attractive options for residential and commercial customers.
Economic growth in several LAMEA countries is leading to an increase in disposable income. This empowers consumers to invest in home improvement projects, including bathroom and kitchen renovations, often replacing faucets. Many LAMEA governments prioritize infrastructure development, including investments in public housing projects and commercial spaces. This increased focus on infrastructure creates a demand for faucets in these new buildings.
List of Key Companies Profiled
- Lixil Corporation
- Jaquar Group
- Masco Corporation (Delta Faucet Company)
- Roca Sanitario, SA (Roca Corporacion Empresarial, SA)
- Fortune Brands Innovations, Inc.
- Toto Ltd.
- Spectrum Brands Holdings, Inc.
- Villeroy & Boch AG
- Paini S.p.A. Rubinetterie
- Kohler Co.
Market Report Segmentation
By Product Type (Volume, Million Units, USD Billion, 2020-2031)- Manual
- Electronic
- Bathroom
- Kitchen
- Others
- Residential
- Commercial
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Faucet Market by Product Type
Chapter 5. LAMEA Faucet Market by Application
Chapter 6. LAMEA Faucet Market by End User
Chapter 7. LAMEA Faucet Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Lixil Corporation
- Jaquar Group
- Masco Corporation (Delta Faucet Company)
- Roca Sanitario, SA (Roca Corporacion Empresarial, SA)
- Fortune Brands Innovations, Inc.
- Toto Ltd.
- Spectrum Brands Holdings, Inc.
- Villeroy & Boch AG
- Paini S.p.A. Rubinetterie
- Kohler Co.
Methodology
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