The hands-free faucet market size is expected to see strong growth in the next few years. It will grow to $10.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth during the forecast period can be attributed to escalating health concerns, heightened awareness of environmental sustainability, rapid urbanization, increasing demand for sustainable products, and a surge in adoption within residential sectors. Major trends expected in the coming period include further integration with smart home ecosystems, improvements in water efficiency, advancements in touchless technology, infrastructure development, and increased integration with the Internet of Things (IoT).
The rising popularity of smart homes is anticipated to boost the growth of the hands-free faucet market. The term "smart homes" refers to the increasing adoption of advanced home technologies that facilitate automated and interconnected living environments. This trend reflects the growing consumer inclination towards leveraging the benefits of a smart, connected home. Hands-free faucets, which can be integrated into smart home systems, offer remote control via smartphone apps or voice commands, enhancing user convenience and accessibility. For example, as per a December 2022 report by IoT For All, a US-based technology media platform, smart home penetration was about 14% in 2022, projected to reach 25% by 2026. Additionally, it is expected that 48.4% of US households will incorporate automation by 2025. Thus, the expanding adoption of smart homes is stimulating the growth of the hands-free faucet market.
Leading players in the hands-free faucet market are focusing on the development of smart faucets featuring advanced motion control technology to enhance user experience and promote hygiene. These innovative smart faucets offer a high-tech solution for kitchens by improving user interaction with water functionalities. In January 2022, Moen Incorporated, a leading US-based plumbing products manufacturer, introduced a smart faucet equipped with superior motion control technology that enables completely touchless operation. This faucet incorporates advanced sensor technology allowing users to control water temperature and flow through simple hand gestures. Additionally, these smart faucets are equipped with voice activation and app-based control features, adding layers of convenience and customization for the user.
In January 2023, TOTO Ltd., a prominent Japanese manufacturer of sanitary ware, including touchless faucets, formed a strategic partnership with MachineQ, a US-based IoT solutions provider. This alliance aims to bolster TOTO's offerings in IoT-enabled smart restroom products, which include smart sensor-equipped flush valves, faucets, and automatic soap dispensers. These enhanced products are integrated with the Kolo Smart Monitoring System, providing facility managers with real-time data on usage, water consumption, operational irregularities, user safety, and foot traffic. This enables more informed management decisions related to maintenance and cleaning schedules, thereby optimizing operational efficiency.
Major companies operating in the hands-free faucet market are Lixil Group, Masco Corporation, Kohler Co, TOTO Ltd., Geberit Group, Roca, American Standard Brands, Grohe AG, Moen Incorporated, Zurn Elkay Water Solutions Corporation, Hansgrohe SE, Delta Faucet Company, BLANCO America Inc., Jaquar Group, Pfister, Oras Ltd., Inter IKEA Systems B.V., Symmons Inc., PlumbMaster, PRESTO Group, Professional Plumbing Group Inc., Sloan Valve Company, Stern Engineering Ltd., AXOR, Archiproducts, Euronics Industries Pvt. Ltd., Advanced Modern Technologies Corporation (AMTC), Dawnway Enterprise Co. Ltd., Foshan Jaka Sanitary Ware Co. Ltd., Runner Group.
Asia-Pacific was the largest region in the hands-free faucet market in 2023. The regions covered in the hands-free faucet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hands-free faucet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hands-free faucets, often referred to as touchless or automatic faucets, are advanced plumbing fixtures designed to allow users to initiate water flow without any physical contact. These faucets generally employ sensors to detect the presence of hands or objects, thereby improving hygiene and conserving water.
The primary types of hands-free faucets include deck-mounted and wall-mounted faucets. A deck-mounted faucet is installed directly onto the countertop or the deck of the sink, offering a clean and streamlined appearance. These faucets are used in various settings, including bathrooms and kitchens, and cater to a range of end users such as commercial establishments and residential homes.
The hands-free faucets market research report is one of a series of new reports that provides hands-free faucets market statistics, including the hands-free faucets industry global market size, regional shares, competitors with a hands-free faucets market share, detailed hands-free faucets market segments, market trends and opportunities, and any further data you may need to thrive in the hands-free faucets industry. This hands-free faucets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hands-free faucet market consists of sales of sensors, touchless faucet adapters, control modules, solenoid valves, electronic faucets, flow restrictors, and override controls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Hands-Free Faucet Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hands-free faucet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for hands-free faucet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hands-free faucet market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Deck Mounted Faucet; Wall Mounted Faucet2) By Application: Bathroom; Kitchen; Other Applications
3) By End User: Commercial; Residential
Key Companies Mentioned: Lixil Group; Masco Corporation; Kohler Co; TOTO Ltd.; Geberit Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Lixil Group
- Masco Corporation
- Kohler Co
- TOTO Ltd.
- Geberit Group
- Roca
- American Standard Brands
- Grohe AG
- Moen Incorporated
- Zurn Elkay Water Solutions Corporation
- Hansgrohe SE
- Delta Faucet Company
- BLANCO America Inc.
- Jaquar Group
- Pfister
- Oras Ltd.
- Inter IKEA Systems B.V.
- Symmons Inc.
- PlumbMaster
- PRESTO Group
- Professional Plumbing Group Inc.
- Sloan Valve Company
- Stern Engineering Ltd.
- AXOR
- Archiproducts
- Euronics Industries Pvt. Ltd.
- Advanced Modern Technologies Corporation (AMTC)
- Dawnway Enterprise Co. Ltd.
- Foshan Jaka Sanitary Ware Co. Ltd.
- Runner Group
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 7.73 Billion |
Forecasted Market Value ( USD | $ 10.56 Billion |
Compound Annual Growth Rate | 8.1% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |