The global plumbing fixtures market is expected to grow at a CAGR of around 6.2% from 2021 to 2028 and is expected to reach the market value of around US$ 150.4 Bn by 2028.
A plumbing fixture is a device or vessel that is permanently or temporarily installed in a commercial facility, residence, hospital, or school and may be linked to a portable water system. The device empties used water and suspended solids into the facility's sewer line. Although not all plumbing fixtures have a water connection, they must all be capable of removing drainage away from the device with the sanitary system. Plumbing fixtures are divided into two or three categories: residential, commercial, industrial, and institutional, or a combination of these.
Rising application of plumbing fixtures for bathroom and kitchen fuel the growth of global market
According to a National Institute of Building Sciences report, water-free urinals are becoming a popular fixture because they require a different approach from the facility maintenance team. As the number of building owners who coordinate these fixtures with the landscaping crew to use compost on the facility landscape features increases. When looking at the domestic water system and sewer system as a whole, it helps to reduce low flow fixtures, which reduces water and sewer consumption. Such factors have a positive impact on the global plumbing fixtures market's growth.
Plumbing fixtures for environmental sustainability coupled with standards has shown promising growth for the overall market
According to a National Conference of State Legislatures report, reducing indoor water use in homes and businesses is accomplished through water efficiency standards for plumbing fixtures. These efficiency standards direct fixture manufacturers on how to meet the requirement without sacrificing performance. Currently, nine states have their own mandatory plumbing fixture standards, while others use community planning efforts, water conservation requirements and financial incentives for public buildings to encourage the use of efficient fixtures. Such factors contribute significantly to the overall growth of the plumbing fixture market.
Plumbing fixtures in smart homes fuel the growth of global market
According to a report released by Plumbing Manufacturers International, the average person used nearly 100 gallons of water every day, and our highly engineered water-efficient products are unable to save water until they are acted upon to reduce the amount of water used. Indoors, the majority of this usage is accounted for by routine activities such as flushing toilets and taking baths and showers. For example, outdoor water use accounts for 57% of per-capita consumption in the United States. According to EPA statistics, the installation of plumbing fixtures corrects household water leaks and can save homeowners about 10% on their water bills.
The global plumbing fixtures market is segmented as product, deployment, location, application, and distribution channel. Based on product, the market is segregated as bathtub, sinks, toilets, showers, faucets & taps, drains, and others. By deployment, the market is bifurcated into residential and commercial. By location, the market is segmented as bathroom, kitchen, and others. Additionally, the application segment is classified into new construction and repair & remodel. Furthermore, the distribution channel is segmented as online and offline.
Based on product, the toilet plumbing fixtures segment accounted for the lion's share in 2020 and is expected to maintain this trend throughout the forecast period. According to a study conducted by the PMI and the Alliance for Water Efficiency, replacing all older inefficient toilets with water-efficient models saves up to 360 billion gallons of water per year in the United States. Today's water-saving toilets have received higher consumer satisfaction ratings as a result of proper plumbing fixtures. Aside from that, water leaks from toilets have been regulated under the standards that have been in place since 1989. According to the NCSL report, a few other states followed suit, and the federal government enacted national standards in the US Energy Policy Act of 1992. This comprehensive piece of legislation established minimum efficiency standards for all toilets, showers, urinals, and faucets manufactured in the United States after 1994. Such factors indicate promising segmental growth, which will eventually contribute to the growth of the overall plumbing fixtures market.
According to the deployment, the commercial segment accounted for a sizable share in the past and is expected to account for a sizable share in the coming years. Using data from the Commercial Buildings Energy Consumption Survey (CBECS), the EIA estimates that the 46,000 large commercial buildings (greater than 200,000 square feet) used approximately 359 billion gallons of water (980 million gallons per year). According to a report released by the California Legislative Information, the bill requires that all non-compliant plumbing fixtures in commercial real estate property be replaced with water-saving plumbing fixtures by January 2019. Such factors stimulate segmental growth, which in turn contributes to the global growth of the plumbing fixtures market.
North America records dominant share, Asia Pacific to register fastest growing CAGR for plumbing fixtures market
North America held the lion's share of the plumbing fixtures market in 2020 and is expected to maintain this dominance throughout the forecast period. According to the NSF International report, it will simplify the process for manufacturers who want to sell plumbing fixtures, fittings, and components in North American markets. This is one of the major factors that contribute to the growth of the region, resulting in the overall growth of the plumbing fixtures market.
Asia Pacific, on the other hand, is expected to record an all-time high CAGR for the plumbing fixtures market in the coming years. China accounts for one-third of the APAC provinces' demand for plumbing fixtures products between 2013 and 2018. As the country's large population drives the development of systems for water delivery and sewage treatment, new houses are being connected to the water delivery system, creating a demand for plumbing products. Furthermore, rising industrialization in countries such as Asia, India, and Indonesia contributes to the expansion of the plumbing fixtures market in this region.
The prominent players of the global plumbing fixtures market involve American Bath Group, Colston Bath, Delta Faucet Company, Gerber Plumbing Fixtures LLC, GROHE, Kohler Co., Moen, and among others
Market By Product
Faucets & Taps
Market By Deployment
Market By Location
Market By Application
Repair & Remodel
Market By Distribution Channel
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
Plumbing fixtures market is expected to reach a market value of around US$ 150.4 Bn by 2028.
The plumbing fixtures market is expected to grow at a CAGR of around 6.2% from 2021 to 2028.
Based on product, toilets segment is the leading segment in the overall market.
Plumbing fixtures for environmental sustainability coupled with standards is one of the prominent factors that drive the demand for plumbing fixtures market.
American Bath Group, Colston Bath, Delta Faucet Company, Gerber Plumbing Fixtures LLC, GROHE, Kohler Co., Moen, and among others.
North America is anticipated to grab the highest market share in the regional market
Asia Pacific is expected to be the fastest growing market in the forthcoming years