Kitchen Faucets Market was valued at USD 22.83 Bn. in 2022, and it is expected to reach USD 37.14 Bn. by 2029, exhibiting a CAGR of 7.2% during the forecast period (2023-2029)
Kitchen Faucets Market Overview:
The Kitchen Faucets market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Kitchen Faucets Market, as well as the reasons for variations in the industry’s growth in various locations.
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Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
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Segmentation:
Global Kitchen Faucets Market Size, by Type (2022-2029)
• Pull-Down Faucet
• Pull-Out Faucet
• Hands-Free
• Bar Faucets
• Pot Filters
• With Sprayer
• Others
By Kind, Pull-out, pull-down, single-handle, dual-handle, separate spray, pot filler, motion detection, and other types of kitchen faucets are among the categories of the market. On a dual-handle kitchen tap, the warm and cool water levers are separate. These two handles are normally attached to the same central component, despite the fact that they are frequently placed a few inches apart from one another. A kitchen tap with two handles allows users to control the water temperature and turn off the leaky handle while still getting water from the other handle in the case of a leak.
Global Kitchen Faucets Market Size, by Installation Type (2022-2029)
• Deck Mount
• Wall Mount
The two most common installation types on the market are wall mount and deck mount. The deck mount kitchen tap is the most widely used model since it is inexpensive and easy to install. Deck mount kitchen faucets are used when there isn’t enough space to install wall-mounted kitchen faucets. Deck mount kitchen faucets come in a wide range of styles, dimensions, and configurations as well, giving customers more options and increasing market demand.
Global Kitchen Faucets Market Size, by Material (2022-2029)
• Chrome
• Stainless Steel
• Bronze
• Plastic
• Others
From Material, The market for kitchen faucets is divided into sections based on the materials used, including brass, stainless steel, and chrome. Brass-based kitchen faucets often last for a long time because of their resistance to corrosion caused by soft water and calcification caused by hard water. Brass-based kitchen faucets enhance the kitchen’s aesthetic appeal and increase its consumer appeal. Stainless steel is a great material for kitchen faucets since it is inexpensive and simple to clean. However, it requires more frequent maintenance since it rusts more easily.
Key Players in the Kitchen Faucets Market are:
1. Lixil Group (Japan)
2. Toto Ltd. (Japan)
3. INAX (Japan)
4. Kohler Co. (US)
5. Moen Incorporated (US)
6. GESSI SPA (US)
7. LATOSCANA (US)
8. Matco-Norca (US)
9. Pfister (US)
10. Delta Faucet Company (US)
11. Chicago Faucets (US)
12. American Standard (US)
13. Elkay (US)
14. Waterstone Faucets (US)
15. VIGO Industries (US)
16. Peerless Faucet Company (US)
17. House of Rohl (US)
18. Hansgrohe SE (Germany)
19. Dornbracht (Germany)
20. Kludi GmbH & Co. KG (Germany)
21. Grohe (Germany)
22. Villeroy Boch (Germany)
23. DAMIXA (Denmark)
24. HCG (Philippines)
25. Chung Cheng Faucet Company (Taiwan)
26. Globe Union Industrial Corp. (Taiwan)
27. ROCA (Spain)
Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Kitchen Faucets market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Kitchen Faucets Market:
Due to a break in operations, end-user sectors where Kitchen Faucets are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Kitchen Faucets manufacturers, affecting the development of the Kitchen Faucets market in 2020. End-user business demand for Kitchen Faucets has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Kitchen Faucets Market Report are:
- Which segment had the largest share in the Kitchen Faucets market in 2021?
- What is the competitive landscape of the Kitchen Faucets market?
- Which are the key drivers aiding the Kitchen Faucets market growth?
- Which region has the maximum share in the Kitchen Faucets market?
- What will be the CAGR of the Kitchen Faucets market during the forecast period (2022-2027)?
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