Faucet refers to a mechanism that regulates the release of liquid, particularly water, from a pipe and consists of a spout, handle, cartridge, aerator, chamber, and inlet sources. It is made of either brass, steel, die-cast zInc., or chrome-plated plastic and is mainly used for controlling the flow of liquid from a pipe by opening or closing a tap.
The main types of faucets are electronic and manual. An electronic faucet is operated by an infrared sensor and is commonly used in commercial kitchens and public bathrooms to save water and reduce the spread of germs. The materials used in faucets are metal and plastic, and the technologies involved are cartridge, compression, ceramic disc, and ball. The various applications of faucets are in the bathroom, kitchen, and others by end users, such as residential and commercial spaces.
The global faucet market grew from $36.29 billion in 2022 to $40.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The faucet market is expected to grow to $62.98 billion in 2027 at a CAGR of 11.9%.
The faucet market research report is one of a series of new reports that provides faucet market statistics, including global market size, regional shares, competitors with a faucet market share, detailed faucet market segments, market trends and opportunities, and any further data you may need to thrive in the faucet market industry. This faucet 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.
Strategic partnerships are a key trend gaining popularity in the faucet market. Companies manufacturing faucets are undergoing partnerships to improve the products. For instance, in January 2022, Jaquar, an India-based company manufacturing brands in faucets, bathroom fittings, showers, spas, bathtubs, and accessories, collaborated with Matteo Thun & Antonio Rodrigues, an Italy-based company offering designs for sanitary, faucets, bathtubs, and accessories. The partnership aims to launch a collection called Laguna, based on aesthetic durability and timeless simplicity. This collection offers faucets in eight colour options that can be both single and dual-tone shades, which will allow for flexibility and variety in use and lead to exciting new possibilities in interior design. The elegant Laguna collection range also offers a wide range of selections for sanitary ware, wellness products and shower enclosures.
In December 2020, Delta Faucet Co., a division of Masco Corporation based in the USA offering faucets, bath and shower fixtures, and related accessories, acquired Kraus USA for an undisclosed amount. With this acquisition, Delta Faucet Co. aims to strengthen its product line and offer a strong online presence for various products, including faucet offerings. Kraus USA is a New York-based company engaged in the manufacturing of sinks, faucets, and other accessories for kitchens and bathrooms.
North America was the largest region in the faucet market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the faucet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the Faucet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The growth in urbanisation is driving the growth of the faucet market. The shift in residence of the human population from rural to urban areas is gradually increasing in search of work and a better standard of living, leading to a rise in urbanisation globally. One of the most significant impacts of urbanisation is an increase in demand for the housing and commercial sectors, which in turn increases the demand for faucets. For instance, according to the United Nations Department of Economic and Social Affairs, the percentage of the world’s population living in urban areas is expected to reach 68% by 2050, with 90% of this increase taking place in the African and Asian regions. Therefore, an increase in urbanization going forward will raise demand for high-end apartments, houses, and skyscrapers in developing countries, which in turn will drive the growth of premium accessories in bathrooms and kitchens, including automated or sensor faucets.
The faucet market consists of sales of disc faucets, cartridge faucets, and compression 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.
Major players in the faucet market are American Standard Brands, Colston Bath, Delta Faucet Company (Masco Corporation), Gerber Plumbing Fixtures, Jaquar, Kohler Co., Fortune Brands Home & Security, Villeroy&BochAktiengesellschaft, Paini UK Ltd., Sloan Valve Company, Pfister, Danze Inc., Aqua Source Faucet, Eczacibasi Holding AS, and Elkay Manufacturing Co.
This product will be delivered within 3-5 business days.
The main types of faucets are electronic and manual. An electronic faucet is operated by an infrared sensor and is commonly used in commercial kitchens and public bathrooms to save water and reduce the spread of germs. The materials used in faucets are metal and plastic, and the technologies involved are cartridge, compression, ceramic disc, and ball. The various applications of faucets are in the bathroom, kitchen, and others by end users, such as residential and commercial spaces.
The global faucet market grew from $36.29 billion in 2022 to $40.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The faucet market is expected to grow to $62.98 billion in 2027 at a CAGR of 11.9%.
The faucet market research report is one of a series of new reports that provides faucet market statistics, including global market size, regional shares, competitors with a faucet market share, detailed faucet market segments, market trends and opportunities, and any further data you may need to thrive in the faucet market industry. This faucet 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.
Strategic partnerships are a key trend gaining popularity in the faucet market. Companies manufacturing faucets are undergoing partnerships to improve the products. For instance, in January 2022, Jaquar, an India-based company manufacturing brands in faucets, bathroom fittings, showers, spas, bathtubs, and accessories, collaborated with Matteo Thun & Antonio Rodrigues, an Italy-based company offering designs for sanitary, faucets, bathtubs, and accessories. The partnership aims to launch a collection called Laguna, based on aesthetic durability and timeless simplicity. This collection offers faucets in eight colour options that can be both single and dual-tone shades, which will allow for flexibility and variety in use and lead to exciting new possibilities in interior design. The elegant Laguna collection range also offers a wide range of selections for sanitary ware, wellness products and shower enclosures.
In December 2020, Delta Faucet Co., a division of Masco Corporation based in the USA offering faucets, bath and shower fixtures, and related accessories, acquired Kraus USA for an undisclosed amount. With this acquisition, Delta Faucet Co. aims to strengthen its product line and offer a strong online presence for various products, including faucet offerings. Kraus USA is a New York-based company engaged in the manufacturing of sinks, faucets, and other accessories for kitchens and bathrooms.
North America was the largest region in the faucet market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the faucet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the Faucet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The growth in urbanisation is driving the growth of the faucet market. The shift in residence of the human population from rural to urban areas is gradually increasing in search of work and a better standard of living, leading to a rise in urbanisation globally. One of the most significant impacts of urbanisation is an increase in demand for the housing and commercial sectors, which in turn increases the demand for faucets. For instance, according to the United Nations Department of Economic and Social Affairs, the percentage of the world’s population living in urban areas is expected to reach 68% by 2050, with 90% of this increase taking place in the African and Asian regions. Therefore, an increase in urbanization going forward will raise demand for high-end apartments, houses, and skyscrapers in developing countries, which in turn will drive the growth of premium accessories in bathrooms and kitchens, including automated or sensor faucets.
The faucet market consists of sales of disc faucets, cartridge faucets, and compression 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.
Major players in the faucet market are American Standard Brands, Colston Bath, Delta Faucet Company (Masco Corporation), Gerber Plumbing Fixtures, Jaquar, Kohler Co., Fortune Brands Home & Security, Villeroy&BochAktiengesellschaft, Paini UK Ltd., Sloan Valve Company, Pfister, Danze Inc., Aqua Source Faucet, Eczacibasi Holding AS, and Elkay Manufacturing Co.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Faucet Market Characteristics
3. Faucet Market Trends And Strategies
4.Faucet Market - Macro Economic Scenario
4.1 COVID-19 Impact On Faucet Market
4.2 Ukraine-Russia War Impact On Faucet Market
4.3 Impact Of High Inflation On Faucet Market
5. Faucet Market Size And Growth
5.1. Global Faucet Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Faucet Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Faucet Market Segmentation
6.1. Global Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Electronic
- Manual
- Metal
- Plastics
- Cartridge
- Compression
- Ceramic Disc
- Ball
- Bathroom
- Kitchen
- Other Applications
- Residential
- Commercial
7.1. Global Faucet Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Faucet Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Faucet Market
8.1. Asia-Pacific Faucet Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Faucet Market
9.1. China Faucet Market Overview
9.2. China Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Faucet Market
10.1. India Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Faucet Market
11.1. Japan Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Faucet Market
12.1. Australia Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Faucet Market
13.1. Indonesia Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Faucet Market
14.1. South Korea Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Faucet Market
15.1. Western Europe Faucet Market Overview
15.2. Western Europe Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Faucet Market
16.1. UK Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Faucet Market
17.1. Germany Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Faucet Market
18.1. France Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Faucet Market
19.1. Eastern Europe Faucet Market Overview
19.2. Eastern Europe Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Faucet Market
20.1. Russia Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Faucet Market
21.1. North America Faucet Market Overview
21.2. North America Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Faucet Market
22.1. USA Faucet Market Overview
22.2. USA Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Faucet Market
23.1. South America Faucet Market Overview
23.2. South America Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Faucet Market
24.1. Brazil Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Faucet Market
25.1. Middle East Faucet Market Overview
25.2. Middle East Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Faucet Market
26.1. Africa Faucet Market Overview
26.2. Africa Faucet Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Faucet Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Faucet Market Competitive Landscape And Company Profiles
27.1. Faucet Market Competitive Landscape
27.2. Faucet Market Company Profiles
27.2.1. American Standard Brands
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Colston Bath
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Delta Faucet Company (Masco Corporation)
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Gerber Plumbing Fixtures
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Jaquar
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Faucet Market
29. Faucet Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Faucet Market Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on faucet market 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.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for faucet market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The faucet market 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.
Scope
Markets Covered:
1) By Product Type: Electronic; Manual2) By Material: Metal; Plastics
3) By Technology: Cartridge; Compression; Ceramic Disc; Ball
4) By Application: Bathroom; Kitchen; Other Applications
5) By End User: Residential; Commercial
Companies Mentioned: American Standard Brands; Colston Bath; Delta Faucet Company (Masco Corporation); Gerber Plumbing Fixtures; Jaquar
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
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 segmentations: 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
- American Standard Brands
- Colston Bath
- Delta Faucet Company (Masco Corporation)
- Gerber Plumbing Fixtures
- Jaquar
- Kohler Co.
- Fortune Brands Home & Security
- Villeroy & Boch Aktiengesellschaft
- Paini UK Ltd
- Sloan Valve Company
- Pfister
- Danze Inc.
- Aqua Source Faucet
- Eczacibasi Holding AS
- Elkay Manufacturing Co.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 40.23 billion |
| Forecasted Market Value ( USD | $ 62.98 billion |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
