Plumbing Fixtures and Fittings Market Research Report - Global Forecast till 2027

Plumbing Fixtures and Fittings Market: Information, by Material (Vitreous China, Metal, Plastics), by Product (Bathroom Fixtures & Fittings, Kitchen and Sink Fixtures & Fittings, Toilet Fixtures & Fittings and others), by Application (Residential and Commercial) and by Region (North America, Europe, Asia-Pacific, the Middle East & Africa and South America) - Forecast to 2027

ID: MRFR/CO/1771-CR | June 2019 | Region: Global | 237 pages

Plumbing Fixtures Fittings Market Overview


Plumbing Fixtures and Fittings Market is Expected to Expand at 5.88% CAGR During the Forecast Period. 


The global plumbing fixtures and fittings market is expected to witness substantial growth during the forecast period. Asia-Pacific is estimated to be a prominent region for plumbing fixtures and fittings market due to the rapid industrialization and urbanization in emerging economies, such as China, India, and Japan. Furthermore, activities such as refurbishing and renovation of old buildings have increased investments in the infrastructure and construction industries, fuelling the plumbing fixtures and fittings market during the forecast period. In 2018, North America held the second largest market share in the plumbing fixtures and fittings market. The region has witnessed significant growth in the construction industry, owing to the increase in real estate investments. These factors are collectively driving the plumbing fixtures and fittings market in this region.


Segmentation:


The global plumbing fixtures and fittings market is segmented based on material, product and application. On the basis of mateial, the plumbing fixtures and fittings market is divided into vitreous china, metal, and plastics. The vitreous china segment is dominating the market, since this material is highly durable, sanitary, and has a stain resistant surface.


On the basis of product, the plumbing fixtures and fittings market is segmented into bathroom fixtures & fittings, kitchen and sink fixtures & fittings, toilet fixtures & fittings, and others. The bathroom fixtures & fittings is the dominating segment, includes faucets, bathtubs, shower stalls & receptors, towel bars, wash basins, wall mount mirrors, lighting fixtures, robe hook, and others. The growing residential construction is expected to raise the demand for bathroom fixtures & fittings segment.


On the basis of application, the global plumbing fixtures and fittings market is segmented into residential and commercial. The residential segment holds the maximum market share, owing to the growing population and rapid urbanization.


Key Competitors:


The key players operating in the global plumbing fixtures and fittings market are Geberit AG (Switzerland), Fortune Brands Home & Security, Inc. (US), LIXIL Group Corporation (Japan), Masco Corporation (US), TOTO LTD (Japan), Roca Sanitario, S.A. (Spain), GWA Group Limited (Australia), Elkay Manufacturing Company (US), Kohler Co. (US), Hindware Homes (India).


Regional Analysis:


The region-specific analysis of the plumbing fixtures and fittings market spans across North America, Europe, Asia-Pacific (APAC), the Middle East & Africa, and South America.


Global Plumbing Fixtures and Fittings Market, by Region, 2018  Plumbing Fixtures and Fittings Market_Image


Source: MRFR Analysis


The growth of the infrastructure and construction industries and the improvement in the financial conditions in this region have led to the growth of the construction industry and, consequently, the plumbing fixtures and fittings market. Moreover, the rapid industrialization and urbanization in emerging countries, such as China, India, and Japan, is also boosting the growth of the plumbing fixtures and fittings market in the region. Furthermore, activities such as refurbishing and renovation of old buildings have increased investments in the infrastructure and construction industries, fuelling the plumbing fixtures and fittings market. According to the National Bureau of Statistics of China, in 2017, the value-added output of the construction industry reached USD 816.6 billion, compared to USD 2.1 billion in 1978, with an average annual growth rate of 16.6%. The country has experienced rapid growth in industrialization and growing population levels, which have fuelled the demand for affordable housing. The significant growth of the construction industry is expected to drive the plumbing fixtures and fittings market in the country.


Synopsis:


The global plumbing fixtures and fittings market has been segmented on the basis of material, product, application, and region. On the basis of material, the global market is segmented into vitreous china, metal, and plastics. The vitreous china segment is expected to dominate the plumbing fixtures and fittings market due to its various advantages such as durability and stain resistance.


Industry Updates



  • In May 2019, LIXIL Group Corporation introduced a new cutting-edge technology and differentiated designs through its portfolio of leading international brands, which include American Standard, GROHE, INAX, and LIXIL (Prefabricated Bathrooms) - at Kitchen and Bath China, a leading trade fair for the kitchen and bath industry in Asia-Pacific. These products deliver the best of technology, quality, and consumer-centric innovation that solve every day, real-life challenges for customers in China.

  • In April 2019, GWA Group Limited completed the acquisition of Methven Limited, a leading taps and showers innovator based in New Zealand. This strengthened the group’s position in the bathroom and kitchen fixtures market in Australia and New Zealand and, also, increased growth opportunities for its core businesses.


Market Segmentation



  • By Material – Vitreous China, Metal, and Plastics

  • By Product – Bathroom Fixtures & Fittings, Kitchen and Sink Fixtures & Fittings, Toilet Fixtures & Fittings, and Others

  • By Application – Residential and Commercial


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (Material/Product/Application is driving market?

  • What will be the growth rate by 2024?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 816.6 Billion
  CAGR   5.88% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Product and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   LIXIL Group Corporation, Geberit AG, and Fortune Brands Home & Security
  Key Market Opportunities   The rapid industrialization and urbanization in emerging economies
  Key Market Drivers   The growing residential construction industry


Frequently Asked Questions (FAQ) :


Major materials used in plumbing fixtures and fittings include vitreous china, metal, and plastics.

The global plumbing fixtures and fittings market is expected to exhibit a strong 5.88% CAGR over the forecast period from 2019 to 2024.

The growing residential construction industry is likely to be a major driver for the plumbing fixtures and fittings market.

Asia Pacific holds a dominant share of close to 40% in the global plumbing fixtures and fittings market.

Leading players in the global plumbing fixtures and fittings market include LIXIL Group Corporation, Geberit AG, and Fortune Brands Home & Security, among others.