IMARC Group, a leading market research company, has recently releases report titled “Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global Faucet market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the Faucet market?

What is Faucet?

A faucet is a fixture in plumbing that controls the flow of gas or liquid from a reservoir. Faucets are made of numerous materials, such as die-cast zinc, brass, steel, and chrome-plated plastic. They generally include components such as a cartridge, spout, handle, mixing chamber, aerator, and an inlet source. Some commonly known faucets include pull-down, bar, pot, pull-out, hands-free, and side spray faucets. They are installed in washrooms, kitchens, and areas with a steady water supply at regular intervals. They come in several colors, styles, materials, and finishes that can be customized to meet the specific needs of the user. As a result, faucets are widely applied in residential, industrial, and commercial sectors.

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What are the growth prospects and trends in the Faucet industry?

The market is primarily driven by the expanding residential sector. In addition, the growing consumer inclination toward multi-functionality faucets that are also aesthetically pleasing is contributing to the market growth. Moreover, in the introduction of digital, touch-free, hybrid smart faucets equipped with efficiency sensors and temperature gauges represent another major growth-inducing factor. Besides this, the escalating demand for modern and luxurious renovated kitchen settings with faucets designed to provide cold, hot, and distilled water to ensure the use of appropriate temperatures for numerous kitchen purposes is providing a positive thrust to the market growth. Along with this, rapid urbanization, the significant expansion in commercial sectors such as hotels, hospitals, railways, and restaurants, and increasing investment in industrial sectors are propelling market growth. Furthermore, the changing lifestyles of consumers, rising disposable income, and key players promoting their products are also creating a favorable market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• One Hand Mixer
• Two Hand Mixer
• Others

Breakup by Application:

• Bathroom
• Kitchen
• Others

Breakup by Technology:

• Cartridge
• Compression
• Ceramic Disc
• Ball

Breakup by Materials:

• Metal
• Plastics

Breakup by Distribution Channel:

• Online
• Offline

Breakup by End User:

• Residential
• Commercial
• Industrial

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• 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.

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