The Plumbing Fixtures And Fittings Global Market Report 2023 by The Business Research Company, provides plumbing fixtures and fittings market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Plumbing Fixtures And Fittings Global Market Report 2023, the market size grew from $91.68 billion in 2022 to $98.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the plumbing fixtures and fittings market is expected to grow to $132.97 billion in 2027 at a CAGR of 7.9%.
The increasing focus on sewerage treatment to meet the water demands globally is driving the market for plumbing fitting and fixtures products bought or rented by individuals or companies.
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The plumbing fixtures and fittings market is segmented:
1) By Product: Bathtub, Sinks, Toilets, Showers, Taps, Drains
2) By Distribution: Online, Offline
3) By Application: New Construction, Repair And Remodel
4) By Material Type: Vitreous China, Metal, Plastic
5) By End-User: Residential, Commercial, Industrial
Technological advancement are shaping the plumbing fixtures and fittings market. Major companies in the plumbing fixtures and fittings market are advancing towards adopting new technologies and research and developments in the plumbing fixtures and fittings market. For instance, in August 2021, Prince Pipes and fittings, an Indian PVC pipe manufacturer and multi polymer processor launches a prince one for CPVC piping systems with Corzan CPVC technology in association with the Lubrizol investors. The new CPVC pipes have heat, UV resistance, flame, and smoke pressure among other new technology.
The plumbing fixtures and fittings market report table of contents includes:
1. Executive Summary
2. Plumbing Fixtures and Fittings Market Characteristics
3. Plumbing Fixtures and Fittings Market Trends And Strategies
4. Plumbing Fixtures and Fittings – Macro Economic Scenario
5. Plumbing Fixtures and Fittings Market Size And Growth
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26. Africa Plumbing Fixtures and Fittings Market
27. Plumbing Fixtures and Fittings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plumbing Fixtures and Fittings Market
29. Plumbing Fixtures and Fittings Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Elkay Manufacturing Company
- Kohler
- LIXIL Group
- MAAX Bat
- Masco
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