Market Overview:
The global commercial faucets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for water-efficient and low-flow faucets, rising construction activities, and growing awareness about hygiene and sanitation. The global commercial faucets market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into stainless steel faucet, brass faucet, plastic faucet, and other types. The stainless steel segment is expected to account for a major share of the global commercial fauscets market in 2018 owing to its durability and corrosion resistance properties. On the basis of application, the market is divided into hotels & restaurants; office buildings; medical institutions; educational institutions; retail stores & shopping malls; transportation hubs (airports & railway stations); industrial facilities (factories & warehouses); other applications (government buildings & military establishments). The hotels sector accounted for a major share of this market in 2017 due to rising tourism activities across regions such as North America , Europe , Asia Pacific , Latin America ,and Middle East .
Product Definition:
A commercial faucet is a type of sink tap that is found in public places such as restaurants, schools and hospitals. Commercial faucets are important because they provide a steady stream of water for cleaning dishes, hands and other objects. They are also typically made from brass or stainless steel to resist corrosion.
Stainless Steel Faucet:
Stainless steel faucets are used in commercial faucets as they have the ability to resist rusting and corrosion. The material is highly resistant to chemicals, dirt, and water. It has a high resistance towards stain removal and can be easily cleaned with little or no maintenance. These properties make it suitable for use in kitchen & bathroom fixtures where there is a high probability of contact with water sources such as sinks, tubs, showers or laundry equipment etc.
Brass Faucet:
Brass faucets are made from an alloy of copper and zinc, which is further plated with a thin layer of silver. The metal body of the faucet is usually coated with a hard- coating to prevent it from scratches. It has a smooth surface on the inside as compared to other materials like ceramic or plastic where there are small projections called nodules that allow water to flow through easily.
Application Insights:
The hotels application segment led the global commercial faucets market and accounted for more than 45.0% share of the total revenue in 2017. The growth is attributed to an increase in the number of luxury hotels across the globe, which are providing with premium-quality bathroom fittings and fixtures as part of their effort to provide a high standard of customer service.
The office buildings application segment is expected to witness significant growth over the forecast period owing to an increase in demand from various companies for new office construction or refurbishment projects at a global level since 2016. This has resulted in increased product demand globally, especially from MNCs that have multiple offices at different locations around the world.
Regional Analysis:
Asia Pacific dominated the global commercial faucets market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction of new commercial buildings and rising demand for modern sanitary ware. In addition, growing tourism sector in developing countries such as China and India is expected to drive product demand further.
Europe was the second-largest regional market in 2017 due to high concentration of office spaces majorly located in Germany, U.K., Spain, Italy, France and Poland among other Eastern European countries that are popular with tourists from across the globe.
Growth Factors:
- Increasing demand from the hospitality sector for advanced and stylish commercial faucets is expected to drive the market growth.
- Rising construction of new hotels, restaurants, and other commercial establishments is also projected to fuel the demand for commercial faucets in near future.
- Growing awareness about water conservation among consumers is anticipated to create new opportunities for market players over the forecast period.
- Technological advancements in terms of design and functionality are likely to boost the sales of commercial faucets in coming years. 5 Emerging economies such as China, India, Brazil are expected to offer lucrative growth prospects for market players owing to increasing investments in infrastructure development
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Faucets Market Research Report
By Type
Stainless Steel Faucet, Brass Faucet, Plastic Faucet, Other
By Application
Hotels, Office Buildings, Medical Institutions, Others
By Companies
Kohler, Grohe, Roca, LIXIL, Jaquar, Masco, Zurn Industries, Vigo Industries, Kingston Brass, Premier Faucet, Ultra Faucets
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Faucets Market Report Segments:
The global Commercial Faucets market is segmented on the basis of:
Types
Stainless Steel Faucet, Brass Faucet, Plastic Faucet, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hotels, Office Buildings, Medical Institutions, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kohler
- Grohe
- Roca
- LIXIL
- Jaquar
- Masco
- Zurn Industries
- Vigo Industries
- Kingston Brass
- Premier Faucet
- Ultra Faucets
Highlights of The Commercial Faucets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel Faucet
- Brass Faucet
- Plastic Faucet
- Other
- By Application:
- Hotels
- Office Buildings
- Medical Institutions
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Faucets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial faucets are those that are used in commercial settings, such as restaurants and hotels. They typically have a higher quality than residential faucets, and are designed to last longer. Commercial faucets often come with more features than residential models, including spray patterns and flow rates that can be customized to meet specific needs.
Some of the major players in the commercial faucets market are Kohler, Grohe, Roca, LIXIL, Jaquar, Masco, Zurn Industries, Vigo Industries, Kingston Brass, Premier Faucet, Ultra Faucets.
The commercial faucets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Faucets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial Faucets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial Faucets Market - Supply Chain
4.5. Global Commercial Faucets Market Forecast
4.5.1. Commercial Faucets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial Faucets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial Faucets Market Absolute $ Opportunity
5. Global Commercial Faucets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial Faucets Market Size and Volume Forecast by Type
5.3.1. Stainless Steel Faucet
5.3.2. Brass Faucet
5.3.3. Plastic Faucet
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial Faucets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial Faucets Market Size and Volume Forecast by Application
6.3.1. Hotels
6.3.2. Office Buildings
6.3.3. Medical Institutions
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial Faucets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial Faucets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial Faucets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial Faucets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial Faucets Demand Share Forecast, 2019-2026
9. North America Commercial Faucets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial Faucets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial Faucets Market Size and Volume Forecast by Application
9.4.1. Hotels
9.4.2. Office Buildings
9.4.3. Medical Institutions
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial Faucets Market Size and Volume Forecast by Type
9.7.1. Stainless Steel Faucet
9.7.2. Brass Faucet
9.7.3. Plastic Faucet
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial Faucets Demand Share Forecast, 2019-2026
10. Latin America Commercial Faucets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial Faucets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial Faucets Market Size and Volume Forecast by Application
10.4.1. Hotels
10.4.2. Office Buildings
10.4.3. Medical Institutions
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial Faucets Market Size and Volume Forecast by Type
10.7.1. Stainless Steel Faucet
10.7.2. Brass Faucet
10.7.3. Plastic Faucet
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial Faucets Demand Share Forecast, 2019-2026
11. Europe Commercial Faucets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial Faucets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial Faucets Market Size and Volume Forecast by Application
11.4.1. Hotels
11.4.2. Office Buildings
11.4.3. Medical Institutions
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial Faucets Market Size and Volume Forecast by Type
11.7.1. Stainless Steel Faucet
11.7.2. Brass Faucet
11.7.3. Plastic Faucet
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial Faucets Demand Share, 2019-2026
12. Asia Pacific Commercial Faucets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial Faucets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial Faucets Market Size and Volume Forecast by Application
12.4.1. Hotels
12.4.2. Office Buildings
12.4.3. Medical Institutions
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial Faucets Market Size and Volume Forecast by Type
12.7.1. Stainless Steel Faucet
12.7.2. Brass Faucet
12.7.3. Plastic Faucet
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial Faucets Demand Share, 2019-2026
13. Middle East & Africa Commercial Faucets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial Faucets Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial Faucets Market Size and Volume Forecast by Application
13.4.1. Hotels
13.4.2. Office Buildings
13.4.3. Medical Institutions
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial Faucets Market Size and Volume Forecast by Type
13.7.1. Stainless Steel Faucet
13.7.2. Brass Faucet
13.7.3. Plastic Faucet
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial Faucets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial Faucets Market: Market Share Analysis
14.2. Commercial Faucets Distributors and Customers
14.3. Commercial Faucets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kohler
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grohe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Roca
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LIXIL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jaquar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Masco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zurn Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Vigo Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kingston Brass
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Premier Faucet
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ultra Faucets
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
