Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 90.55 Billion | USD 151.55 Billion | 5.89% | 2023 |
The global plumbing fixtures market size was worth around USD 90.55 billion in 2023 and is predicted to grow to around USD 151.55 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.89% between 2024 and 2032.
Plumbing fixtures are the replaceable device that is connected with plumbing system to deliver and drain water. These products have developed over time along with other products in the plumbing industry. Fixtures have enhanced drastically in past few decades in terms of style, material, and color. Various types of fixtures are available in the market that includes urinals, showers, channel drains, drinking fountains, and bathtubs. Regional governments are introducing various standards pertaining to the effective operation & design of plumbing fixtures. Both the design and material of the product is subjected to certifications and standards that are required to ensure integrity and safety.
The report covers forecasts and analyses for the plumbing fixtures market on a global and regional level. The study provides historical data for 2018 - 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the plumbing fixtures 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 plumbing fixtures market on a global level.
Rising drought-like conditions coupled with conventional water distribution system and sewer system is impelling construction professionals to opt for alternative methods for water conservation. This can be carried out through the installation of plumbing fixtures, leading to less water consumption. Furthermore, the demand for these fixtures is primarily driven by strengthening construction industry. The growth of plumbing industry would be supported by new design trend and rapid house completions that demands an increased number of kitchens and bathrooms. Commercially, demand for these fixtures is enticed by increasing infrastructure of bathroom intensive structures that includes hotels, hospitals, and offices. These factors would propel plumbing fixtures market over the forecast timeframe. However, producers are facing the challenge of designing the product by complying with various materials standards used in the manufacturing of the products.
Major trends in global plumbing fixtures market are innovation in the design of the product to attract customers for product usage and utilization of sensor-based fixtures to provide aesthetics, personal comfort, germ-free bathing, and performance. As per “Real Capital Analytics (RCA)”, the global volume of completed commercial properties sales was USD 1184 billion in 2023. This has registered an 8% rise in Europe and 6% in the Asia Pacific offsetting the decline of the U.S, world’s biggest commercial real estate investing market.
This report offers a comprehensive analysis of the global plumbing fixtures market along with, market trends, drivers, and restraints of the plumbing fixtures market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, and secondary and primary research teams of industry experts.
The study provides a decisive view of the plumbing fixtures market by segmenting the market based on product, material, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Global plumbing fixtures market is categorized on the basis of the product as a toilet, sink, showers, bathtub, and others. The toilet segment is anticipated to generate substantial revenue in global plumbing fixtures market owing to trending touch-free toilets and bathroom for aesthetics and comfort. Various applications pertaining to global plumbing fixtures market are residential and commercial. Advancements in toilets majorly sensor-operated valves and heated seats will drive global plumbing fixtures market in the residential applications. On the basis of material, global plumbing fixtures market is categorized into plastics, metal, and vitreous China. Metal is projected to account for a substantial share in global plumbing fixtures market due to its strong and tough characteristics.
Report Attributes | Report Details |
---|---|
Report Name | Plumbing Fixtures Market |
Market Size in 2023 | USD 90.55 Billion |
Market Forecast in 2032 | USD 151.55 Billion |
Growth Rate | CAGR of 5.89% |
Number of Pages | 225 |
Key Companies Covered | MAAX Bath Inc., Elkay Manufacturing Company, Roca Sanitario, S.A., TOTO Ltd., Fortune Brands Home & Security, Inc., LIXIL Group Corporation, Masco Corporation, Jacuzzi Inc., Kohler Co., Geberit AG, and others. |
Segments Covered | By Product, By Material, 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 and Africa. Each region has been further segmented into countries such as the U.S., the UK, France, Germany, China, India, Japan, and Brazil.
The global plumbing fixtures market is dominated by players like:
The report segments the global plumbing fixtures market as follows:
Plumbing Fixtures Market: Product Segment Analysis
Plumbing Fixtures Market: Material Segment Analysis
Plumbing Fixtures Market: Application Segment Analysis
Plumbing Fixtures Market: Regional Segment Analysis
FrequentlyAsked Questions
Plumbing fixtures are devices that are connected to a building's plumbing system. They are used for supplying water for various purposes and disposing of wastewater.
According to a study, the global plumbing fixtures market size was worth around USD 90.55 billion in 2023 and is expected to reach USD 151.55 billion by 2032.
The global plumbing fixtures market is expected to grow at a CAGR of 5.89% during the forecast period.
Europe is expected to dominate the plumbing fixtures market over the forecast period.
Leading players in the global plumbing fixtures market include MAAX Bath Inc., Elkay Manufacturing Company, Roca Sanitario, S.A., TOTO Ltd., Fortune Brands Home & Security, Inc., LIXIL Group Corporation, Masco Corporation, Jacuzzi Inc., Kohler Co., and Geberit AG, among others.
The plumbing fixtures 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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