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Global Faucet market to reach USD 59.2 billion by 2027.

Global Faucet market Size study, by Application ( Bathroom, Kitchen) by Product Type (Electric, manual ),by Material( Metal, Plastic(PTMT) ), by end use (Residential, Commercial), and Regional Forecasts 2020-2027

Product Code: EESAC_34337392
Publish Date: 28-12-2020
Page: 200

Global Faucet market is valued at approximately USD 37.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.8 % over the forecast period 2020-2027. A faucet is a gadget that controls the flow of water in a plumbing system. These faucets are usually used in the kitchen, bathroom, and other places where water must be replenished daily. Faucets come in a variety of models, colors, and finishes to suit the needs of a diverse range of customers. The faucet industry study includes both low-cost and high-end faucets that are used in a variety of applications. The constant faucet industry demand owing to new residential apartment building, commercial space growth, house renovations, and the replacement of old faucets are some of the main factors driving the global faucets market. To meet customer demand for personalized faucets, manufacturers are focused on extending their product offerings by offering an infinite range of content and style combinations. For instance: Kohler’s Sensate Touchless Kitchen Faucet has been recognized as one of the best smart home inventions of 2019. Similarly, Delta offers kitchen faucets integrated with advanced technology and relevant finishes, such as Delta ShieldSpray.Companies are creating smart devices with a smart consumer interface, which is fueling global industry innovation. However, high cost of installation, and maintenance of equipment instruments, may impede market growth over the forecast period of 2020-2027.

The regional analysis of the Global Faucet market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share as residents of the region have been setting up records with more than regular number washrooms in each household. of chronic and infectious diseases in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2020-2027, attributed to the rise in residential and commercial construction in the Asia Pacific region is expected to generate the heavy demand for faucets during the stipulated time period.
Major market player included in this report are:

LIXIL Group Corporation .
Sloan Valve Company
MASCO corporation
Paini (UK) Ltd
Fortune Brands Home & Security, Inc.
Roca Sanitario S.A
Spectrum Brands
Danze, Inc.
Rohl LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
By Product Type:
By Material:
By end use:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027.

Target Audience of the Global Faucet market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Faucet Market, by Region, 2018-2027 (USD Billion)
1.2.2. Faucet Market, by Application, 2018-2027 (USD Billion)
1.2.3. Faucet Market, by Product Type, 2018-2027 (USD Billion)
1.2.4. Faucet Market, by Material, 2018-2027 (USD Billion)
1.2.5. Faucet Market, by End user, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Faucet Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Faucet Market Dynamics
3.1. Faucet Market Impact Analysis (2018-2027)
3.1.1. Market Drivers Increase in number of household units across the globe Rise in urbanization
3.1.2. Market Challenges Availability of counterfeit brands
3.1.3. Market Opportunities in demand for smart/electronic faucets
Chapter 4. Global Faucet Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Faucet Market, by Application
5.1. Market Snapshot
5.2. Global Faucet Market by Application , Performance – Potential Analysis
5.3. Global Faucet Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
5.4. Faucet Market, Sub Segment Analysis
5.4.1. Bathroom
5.4.2. Kitchen
Chapter 6. Global Faucet Market, by Product Type
6.1. Market Snapshot
6.2. Global Faucet Market by Product Type, Performance – Potential Analysis
6.3. Global Faucet Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion)
6.4. Faucet Market, Sub Segment Analysis
6.4.1. Electronic
6.4.2. Manual
Chapter 7. Global Faucet Market, by Material
7.1. Market Snapshot
7.2. Global Faucet Market by Material, Performance – Potential Analysis
7.3. Global Faucet Market Estimates & Forecasts by Material 2017-2027 (USD Billion)
7.4. Faucet Market, Sub Segment Analysis
7.4.1. Metal
7.4.2. Plastic (PTMT)
Chapter 8. Global Faucet Market, by end user
8.1. Market Snapshot
8.2. Global Faucet Market by end user, Performance – Potential Analysis
8.3. Global Faucet Market Estimates & Forecasts by end user 2017-2027 (USD Billion)
8.4. Faucet Market, Sub Segment Analysis
8.4.1. Residential
8.4.2. Commercial
Chapter 9. Global Faucet Market, Regional Analysis
9.1. Faucet Market, Regional Market Snapshot
9.2. North America Faucet Market
9.2.1. U.S. Faucet Market Application breakdown estimates & forecasts, 2017-2027 Product Type breakdown estimates & forecasts, 2017-2027 Material breakdown estimates & forecasts, 2017-2027 End user breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Faucet Market
9.3. Europe Faucet Market Snapshot
9.3.1. U.K. Faucet Market
9.3.2. Germany Faucet Market
9.3.3. France Faucet Market
9.3.4. Spain Faucet Market
9.3.5. Italy Faucet Market
9.3.6. Rest of Europe Faucet Market
9.4. Asia-Pacific Faucet Market Snapshot
9.4.1. China Faucet Market
9.4.2. India Faucet Market
9.4.3. Japan Faucet Market
9.4.4. Australia Faucet Market
9.4.5. South Korea Faucet Market
9.4.6. Rest of Asia Pacific Faucet Market
9.5. Latin America Faucet Market Snapshot
9.5.1. Brazil Faucet Market
9.5.2. Mexico Faucet Market
9.6. Rest of The World Faucet Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. LIXIL Group Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Sloan Valve Company
10.2.3. MASCO corporation
10.2.4. Paini (UK) Ltd
10.2.5. Fortune Brands Home & Security, Inc.
10.2.6. Roca Sanitario S.A
10.2.7. TOTO Ltd.
10.2.8. Spectrum Brands
10.2.9. Danze, Inc.
10.2.10. Rohl LLC

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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