Market Overview:
The global basin faucet 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 products and the growing construction and infrastructure industry. In terms of type, the induction type segment is expected to grow at a higher CAGR than the manual type segment during the forecast period. This can be attributed to its features such as low power consumption, longer life span, and easy installation. In terms of application, the household segment is expected to hold a larger share of the global basin faucet market than commercial segments duringthe forecast period.
Product Definition:
Basin faucet is a type of faucet that is used to dispense water from a basin. It is an important part of the plumbing system in a bathroom or kitchen.
Induction Type:
The induction type is a valve technology that uses magnetic or electric current to operate the valve. The technology was first developed for use in cookware but has since been used in bathroom, kitchen and other applications. The growing demand for smart homes with integrated technologies such as voice recognition, remote control and IoT is expected to drive market growth over the forecast period. This can be attributed to factors such as increasing disposable income coupled with an inclination towards luxury lifestyle which includes smart home products and services.
Manual Type:
Manual type is also known as conventional or lever faucet. It’s a hand-operated device, which is used for dispensing liquid from containers. The most common types of manual faucets are pull down, push button and spout faucets. These are widely used in residential places like washrooms and kitchen sinks due to their easy usage and convenient features including hands-free operation by means of a handle or lever.
Application Insights:
The commercial application segment dominated the global basin faucet market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to an increase in demand from hotels, restaurants and other hospitality industries for premium-quality bathroom fittings that complement modern designs and offer easy cleaning ability.
Household is expected to be the fastest-growing segment over the forecast period owing to a rise in residential construction across various regions coupled with growing purchasing power of middle-income groups (MPIGs). MPIGs are likely to spend more on home improvement activities as they view it as an investment that will generate returns over a longer period of time. This factor is projected to drive product demand among MPigs at a CAGR of XX% from 2018 to 2030.
Regional Analysis:
North America dominated the global basin faucet market in 2017. The region is expected to witness a considerable growth rate of 4.6% over the forecast period, owing to increasing demand for convenient products with enhanced features and design. Moreover, growing awareness regarding water conservation is anticipated to propel product demand in North America over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast years due to rising construction activities and improving economic conditions in emerging countries such as China and India.
Growth Factors:
- Increasing demand from the construction sector for modern and stylish taps that offer better functionality is expected to drive the growth of Basin Faucet market.
- Rising disposable income of consumers is anticipated to boost the demand for luxury basin faucets in the coming years.
- Rapid urbanization and growing population are some of the other factors that are expected to fuel the growth of Basin Faucet market in near future.
- Growing awareness about water conservation is projected to create new opportunities for basin faucet manufacturers in coming years. 5) Technological advancements such as introduction of touchless faucets are likely to provide impetus to growth of Basin Faucet market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Basin Faucet Market Research Report
By Type
Induction Type, Manual Type
By Application
Household, Commercial
By Companies
Grohe, Moen, Hansgrohe, TOTO, Kohler, American Standard, Delta, Paini, Hansa, Zucchetti, Damixa, KWC, Jomoo, Huanuo, Faenza, Huida
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Basin Faucet Market Report Segments:
The global Basin Faucet market is segmented on the basis of:
Types
Induction Type, Manual Type
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
Household, Commercial
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:
- Grohe
- Moen
- Hansgrohe
- TOTO
- Kohler
- American Standard
- Delta
- Paini
- Hansa
- Zucchetti
- Damixa
- KWC
- Jomoo
- Huanuo
- Faenza
- Huida
Highlights of The Basin Faucet 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:
- Induction Type
- Manual Type
- By Application:
- Household
- Commercial
- 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 Basin Faucet 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Basin Faucet is a water filtration system that helps to improve the quality of your drinking water. It's designed to be installed under your sink and it uses activated carbon filters to remove impurities, such as chlorine, from the water.
Some of the key players operating in the basin faucet market are Grohe, Moen, Hansgrohe, TOTO, Kohler, American Standard, Delta, Paini, Hansa, Zucchetti, Damixa, KWC, Jomoo, Huanuo, Faenza, Huida.
The basin faucet market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Basin Faucet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Basin Faucet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Basin Faucet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Basin Faucet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Basin Faucet Market Size & Forecast, 2020-2028
4.5.1 Basin Faucet Market Size and Y-o-Y Growth
4.5.2 Basin Faucet Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Induction Type
5.2.2 Manual Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Basin Faucet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Basin Faucet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Induction Type
9.6.2 Manual Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Induction Type
10.6.2 Manual Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Induction Type
11.6.2 Manual Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Induction Type
12.6.2 Manual Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Induction Type
13.6.2 Manual Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Basin Faucet Market: Competitive Dashboard
14.2 Global Basin Faucet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Grohe
14.3.2 Moen
14.3.3 Hansgrohe
14.3.4 TOTO
14.3.5 Kohler
14.3.6 American Standard
14.3.7 Delta
14.3.8 Paini
14.3.9 Hansa
14.3.10 Zucchetti
14.3.11 Damixa
14.3.12 KWC
14.3.13 Jomoo
14.3.14 Huanuo
14.3.15 Faenza
14.3.16 Huida
