The plumbing fixtures and fittings market has surged from $99.29 billion in 2023 to $107.62 billion in 2024, reflecting a CAGR of 8.4%. Factors such as urbanization, a booming housing sector, and innovations in design have fueled this growth. The market is projected to reach $145.16 billion by 2028, with a CAGR of 7.8%. Trends like smart fixtures, water-efficient solutions, and modularity are anticipated to shape the future of the market.
Major Driver In The Plumbing Fixtures and Fittings Market
The market for plumbing fittings and fixtures experiences growth propelled by the increasing focus on sewerage treatment to meet global water demands. Efficient sewerage treatment drives the demand for advanced plumbing solutions, essential for sustainable wastewater management and sanitation infrastructure. According to the United Nations Educational, Scientific and Cultural Organization, 2 billion people lack access to safe drinking water, while 3.6 billion lack safely managed sanitation. With projections indicating between two and three billion people facing water shortages annually, and urban water scarcity predicted to affect 1.7–2.4 billion individuals by 2050, the increasing population, water scarcity, and urbanization drive the plumbing fixtures and fittings market growth in 2023, 2024, and beyond.
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Plumbing Fixtures and Fittings Market Competitive Landscape
Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi, Grundfos, Roca Sanitario, Moen, American Standard, Bemis Company, Moen Incorporated, Elkay Manufacturing Company, Mansfield Plumbing, Oatey Company, Liberty Pumps, Little Giant, Newport Brass, Nuvo H2O, MAAX Bat, Brizo Faucets, Danze, Delta, DreamLine Shower, GROHE, InSinkErator, Jensen Medicine Cabinets, Peerless, Pioneer, Price Pfister, Sloan, Speakman, Symmons, Viega, Waste King, ADS, ALFI, Alsons, Aquatic Bathware, Arrowhead Brass
Key Plumbing Fixtures and Fittings Market Trend
Technological advancements are shaping the plumbing fixtures and fittings market. Major companies in the plumbing fixtures and fittings market are advancing towards adopting new technologies and research and developments in the plumbing fixtures and fittings market. For instance, in August 2021, Prince Pipes and fittings, an Indian PVC pipe manufacturer and multi polymer processor launches a prince one for CPVC piping systems with Corzan CPVC technology in association with the Lubrizol investors. The new CPVC pipes have heat, UV resistance, flame, and smoke pressure among other new technology.
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Plumbing Fixtures and Fittings Market Segmentation
The plumbing fixtures and fittings market covered in this report is segmented –
1) By Product: Bathtub, Sinks, Toilets, Showers, Taps, Drains
2) By Distribution: Online, Offline
3) By Application: New Construction, Repair And Remodel
4) By Material Type: Vitreous China, Metal, Plastic
5) By End-User: Residential, Commercial, Industrial
By Geography:The regions covered in the plumbing fixtures and fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the plumbing fixtures and fittings market in 2023.
The Plumbing Fixtures and Fittings Global Market Report 2024 furnishes information about the global plumbing fixtures and fittings market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
