Global Toilet Tank Fittings Market Size Report, Industry Share, Analysis, Growth, 2030

Toilet Tank Fittings Industry Perspective:

The global toilet tank fittings market size was worth around USD 6,923.40 million in 2021 and is estimated to grow to about USD 9,172.48 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.80 percent over the forecast period. The report analyzes the toilet tank fittings market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the toilet tank fittings market.

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Toilet Tank Fittings Market: Overview

The toilet tank is an essential part of the toilet. These accessories include an inlet valve, discharge valve, push button, push lever, and other components. The inlet valve controls the water inlet, and the drain valve controls the water flow. It comes in various sizes and is readily available in the market. These accessories help in the proper functioning of the toilet. If there is no toilet connection, flushing cannot work. Increasing infrastructure investment and construction of buildings are the factors driving the growth of the toilet tank fittings market. However, the availability of substitute products and intense competition are hindering the development of the global market. Technological changes can have both positive and negative effects on market growth. The durability of the accessory and the quality of the product can create opportunities for the global market.

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COVID-19 Impact:

The COVID-19 pandemic has impacted the businesses of toilet tank fittings. The COVID-19 pandemic spread throughout the world as strict lockdowns are implemented by governments and shut down companies. Thus, the movement of people is restricted during the covid-19 pandemic; the global toilet tank fittings market is likely to be impacted considerably during the forecast period.

Key Insights

• The global toilet tank fittings market is projected to grow at a CAGR of 4.80% from 2022 to 2028.
• The global toilet tank fittings market size was worth around USD 6,923.40 million in 2021 and is estimated to grow to about USD 9,172.48 million by 2028
• The Increasing infrastructure investment and construction of buildings are the factors driving the growth of the toilet accessories market.
• By application, the commercial buildings segment accounted significant amount of market share in 2021.
• By sales channel, the hardware stores segment dominated with accounted significant market share in 2021.
• In 2021, the Europe region accounted largest revenue share.

Toilet Tank Fittings Market: Growth Drivers

The growing demand for water-saving technology aids the global market growth

The growing demand for water-saving technology is driving the toilet tank fittings market. Leading toilet tank manufacturers' main goal is to conserve water and water resources. Population growth has increased the need for water sustainability, increasing the need for water conservation. Toilet tanks effectively contribute to water conservation. Water-saving toilet tank fittings help save total water consumption for each household. The growing demand for water-saving technology is expected to drive the growth of the global toilet tank fittings market.

Toilet Tank Fittings Market: Restraints

The availability of substitutes may hamper the global market growth

The threat of substitute products challenges toilet tank fitting businesses. Conventional toilets are often favored in countries like China, India, and other developing countries. The lack of awareness of toilet tank fittings features cost constraints and low penetration in developing countries are expected to hinder the growth of the future toilet tank fittings market. In addition, hygiene culture varies from country to country. Demand for toilet tank fittings is limited to high-income groups and high-end commercial buildings.

Toilet Tank Fittings Market: Opportunities

The benefits of toilet tank fittings bring up several growth opportunities

Toilet tank fittings offer significant benefits with a range of efficiency sensors built into their systems, such as saving space, looking more modern, being available, and being easy to clean. These benefits of toilet tank fittings are expected to support the market growth during the forecast period. These factors, coupled with rapid economic development and improvement of lifestyles worldwide, are expected to act as a significant headwind for the global toilet tank fittings market. All these factors will present considerable opportunities for market growth during the forecast period. In addition, emerging markets globally will give untapped opportunities for an integrated toilet tank fittings market.

Toilet Tank Fittings Market: Report Scope

Toilet Tank Fittings Market: Segmentation

The global toilet tank fittings market is segregated based on product type, size, application, sales channel, and region.

By application type, the market is divided into residential, hotels, commercial buildings, and others. Among these, the commercial building segment dominates the market, accounting for a significant percentage of global sales due to many high-end restaurants, bars, hotels, and shopping malls installing smart toilets to provide cleaning services to their customers.

The sales channel bifurcates the market into hardware stores, online retail, and others. Over the forecast period, the hardware store sales channels were the largest segment with significant revenue in 2021. In addition, various residential and commercial real estate companies partner with these stores to ensure the continued offering of discounted products.

Toilet Tank Fittings Market: Regional Landscape

The new construction projects help Europe dominate the global market

Europe holds the dominant share of the global toilet tank fittings market and is expected to maintain its leadership position throughout the forecast period. In 2021, this region accounted significant market share. Factors such as increasing consumer spending on maintaining bathroom hygiene and improving purchases of smart toilets are driving the region’s market. Many people in the UK and Germany prefer touchless smart toilets. In addition, increased spending on hygiene and health products in Germany, the UK, and France is a favorable factor for increasing the market size.

Competitive Landscape

Some of the main competitors dominating the global toilet tank fittings market include -

• R&T Plumbing
• WDI Plumbing
• Xiamen Alyn Plumbing
• Fluidmaster
• Yuyao meige Sanitary Parts Industrial
• BQM
• Zhoushan Haichen
• Siamp
• Meitu, and Gerberit.

The global toilet tank fittings market is segmented as follows:

By Type

• Fill Valve
• Flush Valve
• Push Button & Lever
• Others

By Size

• 1.5 inch
• 2 inches
• 3 Inch

By Application

• Residential
• Hotels
• Commercial Buildings
• Others

By Sales Channel

• Hardware Stores
• Online Retail
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa