Faucet Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson Marketing Manager

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Global Faucet Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ," the global faucet market size reached US$ 26.9 Billion in 2022.

Faucets are plumbing fixtures that are used for controlling the flow of fluids. They are commonly installed in kitchens, washrooms and other areas that require a steady supply of water at regular intervals. These devices consist of a spout, handle, cartridge, mixing chamber, aerator and an inlet source. Widely available in a vast array of colors, styles, metals and finishes, they can be customized as per the requirements of the end users.

These fixtures are usually manufactured using steel, brass, die-cast zinc and chrome-plated plastic that can be available in pull-down, pull-out, hands-free, bar, pot and side spray variants.

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Global Faucet Market Trends:

The global market is majorly driven by the rapid expansion of the residential sector. With rapid urbanization and the inflating disposable income levels of the masses, there has been a considerable rise in the demand for good-quality and aesthetically appealing faucets across the globe. This is also supported by the increasing demand for renovating and refurbishing activities in the residential and commercial segments. Moreover, the shifting lifestyle preferences of the masses have also led to considerable growth in the hospitality sector. This is contributing to the widespread requirement for luxurious and ergonomicallydesigned bathrooms, which is acting as a major growth-inducing factor.

The market is further driven by the introduction of touch-free, digital and hybrid smart faucets in the market that are integrated with sensors and temperature gauges to enhance the experience of the users. Some of the other factors contributing to the market growth include easy product availability through online retail channels and the aggressive promotional activitiesby numerousvendors.

Looking forward, IMARC Group expects the market is anticipated to grow at a CAGR of 7.85% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/faucet-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• One Hand Mixer

• Two Hand Mixer

• Others

Breakup by Application:

• Bathroom

• Kitchen

• Others

Breakup by Technology:

• Cartridge

• Compression

• Ceramic Disc

• Ball

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Breakup by Materials:

• Metal

• Plastics

Breakup by Distribution Channel:

• Online

• Offline

Breakup by End User:

• Residential

• Commercial

• Industrial

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• American Standard Brands (Lixil Group)

• Colston Bath

• Delta Faucet Company (Masco Corporation)

• Franke Holding AG (Artemis Holding AG)

• Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)

• Grohe America Inc

• Jaquar

• Kohler Co

• Moen Incorporated (Fortune Brands Home & Security Inc.)

• Toto Ltd

• Villeroy & Boch Aktiengesellschaft

1. What was the size of the global faucet market in 2022?

2. What is the expected growth rate of the global faucet market during 2023-2028?

3. What are the key factors driving the global faucet market?

4. What has been the impact of COVID-19 on the global faucet market?

5. What is the breakup of the global faucet market based on the type?

6. What is the breakup of the global faucet market based on the application?

7. What is the breakup of the global faucet market based on the technology?

8. What is the breakup of the global faucet market based on the materials?

9. What is the breakup of the global faucet market based on the distribution channel?

10. What is the breakup of the global faucet market based on the end user?

11. What are the key regions in the global faucet market?

12. Who are the key players/companies in the global faucet market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/faucet-market/toc

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