Kitchen Faucets Market Report 2024

The kitchen faucets market size has grown strongly in recent years. It will grow from $8.81 billion in 2023 to $9.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth observed in the historic period can be attributed to several factors, including increased disposable income, the expansion of e-commerce, government regulations, the introduction of smart faucets, and growing demand from the residential sector.

The kitchen faucets market size is expected to see strong growth in the next few years. It will grow to $13.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be attributed to shifting consumer preferences, evolving government regulations, increased adoption of pull-out and pull-down faucets, the expansion of smart home technologies, and rising investments by manufacturers. Key trends expected during this period include the integration of touchless operation, customizable water flow features, integration with smart home systems, expanded customization options, and the integration of smart faucet technologies.

The kitchen faucets market is expected to grow driven by an increasing number of households. Households encompass families, single individuals, or roommates living together in shared dwellings. This growth is fueled by population expansion and urbanization, with more people moving to cities for better living conditions and employment opportunities. Kitchen faucets play a crucial role in households by providing essential access to water for cooking, cleaning, and dishwashing tasks. For example, according to the Australian Bureau of Statistics, Australia is projected to have between 13.3 million and 13.9 million households by 2046, up from 10 million in 2021, underscoring the market's growth trajectory.

Leading companies in the kitchen faucets market are concentrating on innovative solutions, such as touchless faucet technologies, to meet evolving consumer preferences for cleanliness and convenience. These technologies involve sensors that detect motion or presence, enabling users to control water flow without touching the faucet handle. For instance, Delta Faucet Company launched its Touch2O with Touchless Technology in December 2023, allowing users to turn the faucet on and off with a simple touch or hand motion. This advancement promotes hygiene by reducing contact with faucet surfaces, minimizing the spread of germs and bacteria.

In June 2024, Franz Joseph Schütte GmbH, a German manufacturer of machine tools, acquired Adell Faucet and Metal Industries Inc., a Turkish company specializing in bathroom and kitchen faucets. This acquisition aligns with Schütte's growth strategy, enhancing its presence and capabilities in the sanitary products sector while emphasizing innovation, quality, and customer satisfaction.

Major companies operating in the kitchen faucets market are Lixil Group Corporation, Kohler Co., Toto Ltd., American Standard Brands, Grohe AG, Moen Incorporated, Hansgrohe SE, Villeroy & Boch AG, Masco Corporation, Elkay Manufacturing Company, Delta Faucet Company, Globe Union Industrial Corp., Pfister, Dornbracht GmbH & Co. KG, Chicago Faucets, House of Rohl, GESSI S.p.A., Kludi GmbH & Co. KG, VIGO Industries LLC, Matco-Norca, Roca Sanitario S.A., La Toscana, INAX Corporation, Waterstone Faucets.

North America was the largest region in the kitchen faucets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kitchen faucets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the kitchen faucets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Kitchen faucets are essential devices used to manage water flow in kitchen sinks during activities such as dishwashing, food preparation, and cleaning. They typically include a spout, handles for controlling hot and cold water, and mechanisms to adjust flow and temperature. Modern kitchen faucets often integrate features such as pull-out or pull-down sprayers, touchless operation using sensors, and a variety of finishes to complement kitchen decor.

Various types of kitchen faucets include pull-out faucets with a flexible spray head that extends from the spout, pull-down faucets, single-hand faucets, dual-handle faucets, separate spray faucets, pot filler faucets, motion-detecting faucets, and others. Pull-out faucets are constructed from materials such as chrome, stainless steel, bronze, and plastic, available in wall-mount and deck-mount configurations. They are marketed through both online and offline channels to residential and commercial customers alike.

The kitchen faucets market research report is one of a series of new reports that provides kitchen faucets market statistics, including kitchen faucets industry global market size, regional shares, competitors with a kitchen faucets market share, detailed kitchen faucets market segments, market trends and opportunities, and any further data you may need to thrive in the kitchen faucets industry. This kitchen faucet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The kitchen faucets market consists of sales of wall-mounted faucets, waterfall faucets, and touchless faucets. 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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