In 2018, the size of the world market for plumbing fittings was estimated at USD 87.7 billion. The demand for plumbing fittings is anticipated to rise in the upcoming years due to an increase in the use of modern bathrooms and kitchens on a global scale. This is expected to have a significant effect on market expansion.
Additionally, it is anticipated that the creation of new goods and the evolution of older ones to satisfy the needs of comfort and elegance would advance the usefulness of fixtures for kitchens and bathrooms. Bathtubs, sinks, toilets, showers, faucets, taps, and drains are some common plumbing fixtures. These items are necessary for bathing, cleaning, and washing purposes in both residential and commercial structures.
Positive growth in the fixture sector is being positively impacted by the quick rise in demand for smart and environmentally friendly homes and offices. New building initiatives designed in accordance with contemporary architecture, which places a particular emphasis on water-efficient technology, further support this increase.
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In 2018, toilet plumbing fixtures made up more than 20.0% of all plumbing fixtures. One-piece toilets, two-piece toilets, upflush toilets, small compact toilets, corner toilets, wall-mounted toilets, square toilets, elongated toilets, and round bowl toilets are some of the goods that fall under this category.
Data from the World Health Organization from 2015 show that 2.3 billion people globally did not have access to toilets. Over 9.12 million toilets were built by the Indian government between October 2014 and December 2018. This government programme is therefore anticipated to encourage the spending on new toilet construction and, as a result, will encourage the usage of varied fittings in the near future.
In 2018, the commercial accounted for a share greater than 50.0%. Public restrooms and toilets, malls and shopping centres, restaurants and hotels, hospitals, schools, and educational institutions, as well as factories, offices, trains, planes, airports, and other places of a similar nature, are examples of commercial locations. The growing trend of elevating the consumer experience has led malls and shopping centres to invest in top-notch restroom amenities.
In 2018, more than 70.0% of global revenue came from repairs and remodelling. Popular interior designers from all over the world, such as Jayne & Joan Michaels, Alberto Pinto, Alexa Hampton, Amu Lay, Ann Wolf, and Beata Heuman, have been concentrating on updating outdated spaces, such as the bathroom and kitchen, with the use of contemporary fixtures and giving them a modern feel. Additionally, the common mass is no longer solely interested in functionality. As a result, many have begun remodelling their perfectly functional kitchens and bathrooms in order to follow current fashion trends.
In 2018, North America accounted for more than 25.0% of worldwide sales, making it the region with the largest market for plumbing fixtures. The Americans have been breaking records by housing more bathrooms than is typical. Over 44% of American homes have at least one bathroom, and each one has an attached bathroom. It is predicted that this trend will raise the standards for plumbing fixtures.
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- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa