Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,857.50 Million | USD 3,608.80 Million | 7.78% | 2023 |
The global automatic faucets market size was worth around USD 1,857.50 million in 2023 and is predicted to grow to around USD 3,608.80 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.78% between 2024 and 2032. The report covers forecasts and analyses for the automatic faucets market on a global and regional level.
The study includes drivers and restraints for the automatic faucets market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automatic faucets market on a global as well as regional level.
To give the users of this report a comprehensive view of the automatic faucets market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key players in the automatic faucets market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the automatic faucets market on a global and regional basis.
Automatic Faucets Market: Segmentation Analysis
The study provides a decisive view of the automatic faucets market by segmenting the market based on type, application, and region.
Based on type, the market is segmented into DC and AC. Based on application, the global automatic faucets market is segmented into commercial, residential, and other applications.
Report Attributes | Report Details |
---|---|
Report Name | Automatic Faucets Market |
Market Size in 2023 | USD 1,857.50 Million |
Market Forecast in 2032 | USD 3,608.80 Million |
Growth Rate | CAGR of 7.78% |
Number of Pages | 230 |
Key Companies Covered | Grohe, Sloan Valve Company, Stern Engineering Ltd., Kohler, Moen, American Standard, TOTO, Kingston Brass, LightInTheBox, Rozin, DELTA FAUCET, Beelee, Danze, Jomoo, Chaoyang, Delta Faucet, Brizo, Lowe’s, Wayfair, and Rubbermaid, and others. |
Segments Covered | By Type, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for automatic faucets based on individual segments and applications in all regions and countries.
The global automatic faucets market is dominated by players like:
This report segments the global Automatic Faucets market as follows:
Global Automatic Faucets Market: By Type
Global Automatic Faucets Market: By Application
Global Automatic Faucets Market: By Region
North America
FrequentlyAsked Questions
Automatic faucets, also known as touchless faucets, motion-sensor faucets, or sensor faucets, are faucets equipped with sensors that detect a user's presence. When hands (or sometimes objects) come within range, the sensor triggers the flow of water, automatically turning the faucet on. Once the user moves away, the faucet automatically shuts off, promoting water conservation and hygiene.
According to a study, the global automatic faucets market size was worth around USD 1,857.50 million in 2023 and is expected to reach USD 3,608.80 million by 2032.
The global automatic faucets market is expected to grow at a CAGR of 7.78% during the forecast period.
Leading players in the global automatic faucets market include Grohe, Sloan Valve Company, Stern Engineering Ltd., Kohler, Moen, American Standard, TOTO, Kingston Brass, LightInTheBox, Rozin, DELTA FAUCET, Beelee, Danze, Jomoo, Chaoyang, Delta Faucet, Brizo, Lowe’s, Wayfair, and Rubbermaid, among others.
The automatic faucets market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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