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North America Faucet Market Size, Share & Trends Analysis Report By Product Type (Manual and Electronic), By Application (Bathroom, Kitchen, and Others), By End User (Residential and Commercial), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 107 Pages
  • July 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988615
The North America Faucet Market is projected to witness market growth of 6.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 85.03 million units, showcasing a growth of 23.3% (2020-2023).

Manual faucets remain a staple in both residential and commercial settings, offering reliability, affordability, and versatility. These faucets operate with traditional handles or levers to control water flow and temperature manually, providing users with tactile feedback and precise control over water usage. Thus, the Canada market is expected to utilize 31.14 million units of manual faucets by 2031.



The US market dominated the North America Faucet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $12.38 billion by 2031. The Canada market is experiencing a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8% during (2024 - 2031).

The market, an integral segment of the broader plumbing fixtures industry, is characterized by its diversity, dynamism, and continuous evolution. This market encompasses various products designed for various applications, ranging from residential to commercial settings.

Additionally, Faucets, essential components of everyday life, are crucial in ensuring effective and efficient water delivery for numerous uses, including drinking, cooking, cleaning, and bathing.

Homeowners in North America are increasingly investing in renovation and remodeling projects. This trend translates to a demand for new and upgraded faucets for kitchens and bathrooms, propelling market growth. In the United States, home renovation trends, technological advancements, and heightened awareness of water conservation drive the increasing demand for faucets. The National Association of Home Builders (NAHB) estimates that the average buyer of an existing home will spend an additional $5,238 on remodeling, furnishings, and appliances in comparison to householders who do not relocate.

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
By Application (Volume, Million Units, USD Billion, 2020-2031)
  • Bathroom
  • Kitchen
  • Others
By End User (Volume, Million Units, USD Billion, 2020-2031)
  • Residential
  • Commercial
By Country (Volume, Million Units, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Faucet Market, by Product Type
1.4.2 North America Faucet Market, by Application
1.4.3 North America Faucet Market, by End User
1.4.4 North America Faucet Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Faucet Market by Product Type
4.1 North America Manual Market by Region
4.2 North America Electronic Market by Region
Chapter 5. North America Faucet Market by Application
5.1 North America Bathroom Market by Country
5.2 North America Kitchen Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Faucet Market by End User
6.1 North America Residential Market by Country
6.2 North America Commercial Market by Country
Chapter 7. North America Faucet Market by Country
7.1 US Faucet Market
7.1.1 US Faucet Market by Product Type
7.1.2 US Faucet Market by Application
7.1.3 US Faucet Market by End User
7.2 Canada Faucet Market
7.2.1 Canada Faucet Market by Product Type
7.2.2 Canada Faucet Market by Application
7.2.3 Canada Faucet Market by End User
7.3 Mexico Faucet Market
7.3.1 Mexico Faucet Market by Product Type
7.3.2 Mexico Faucet Market by Application
7.3.3 Mexico Faucet Market by End User
7.4 Rest of North America Faucet Market
7.4.1 Rest of North America Faucet Market by Product Type
7.4.2 Rest of North America Faucet Market by Application
7.4.3 Rest of North America Faucet Market by End User
Chapter 8. Company Profiles
8.1 Lixil Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Jaquar Group
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Masco Corporation (Delta Faucet Company)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 SWOT Analysis
8.4 Roca Sanitario, SA (Roca Corporacion Empresarial, SA)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 SWOT Analysis
8.5 Fortune Brands Innovations, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.6 Toto Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 SWOT Analysis
8.7 Spectrum Brands Holdings, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Villeroy & Boch AG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Paini S.p.A. Rubinetterie
8.9.1 Company Overview
8.10. Kohler Co.
8.10.1 Company Overview
8.10.2 SWOT Analysis

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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