Market Overview:
The global bathroom 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 single handle and two handle faucets from both, household and commercial applications. In terms of region, North America is expected to lead the global bathroom faucet market in terms of revenue during the forecast period, followed by Europe and Asia Pacific. The growth in these regions can be attributed to factors such as rising disposable income, growing construction industry and increasing awareness about hygiene among consumers.
Product Definition:
A bathroom faucet is a water fixture used for washing hands, brushing teeth, and other purposes in the bathroom. It is commonly installed in a sink or countertop.
Single Handle Faucets:
Single handle faucets are the most common type of plumbing fixtures in bathrooms and kitchen sinks. They are available in various styles, materials, and colors. The market for single-handle faucets is driven by factors such as their low cost compared to double-handled models; ease of use due to easy installation and lesser maintenance requirements.
Two Handle Faucets:
The two handle faucets are a combination of single and three handle faucets. It has the same basic design as that of a regular three handled faucet with one additional spout. The extra spout can be used for washing hands, brushing teeth or for any other purpose. This type of plumbing fixture is mostly used in bathroom sink and toilet fixtures due to its easy functionality and compact design which saves space in bathroom vanity cabinets or shelf units.
Application Insights:
The commercial application segment dominated the global market, accounting for more than 70.0% share of the total revenue in 2017. The growth of this segment is attributed to a rise in demand from hotels, restaurants and shopping malls among others. Commercial spaces require high-class faucets that do not only look attractive but also provide an exceptional water flow for efficient usage. This factor has driven the manufacturers to design and develop premium quality products specifically designed for commercial applications which can be used by large groups of people at a time without waiting for too long between each person¢â‚¬â„¢s turn to use it.
The household application segment is expected to expand at the fastest CAGR over the forecast period owing to growing awareness regarding better hygiene standards coupled with rising disposable income levels among consumers especially in emerging markets such as India, China.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for bathroom remodeling projects, growing preference for modern and luxury bathrooms, and high spending power of consumers in this region. Moreover, North America has a large number of manufacturers who are continuously developing advanced products with different types of handles, spray patterns, temperature settings etc., which will drive the growth further.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising construction activities in emerging countries such as China and India along with changing lifestyle habits resulting into increased need for remodeling or renovation activities in houses/apartments/hotels etc., thereby driving product sales at commercial places such as malls or restaurants among others for more comfort when using toilets during peak hours thus creating an opportunity for industry players operating within Asia Pacific region.
Growth Factors:
- Increasing demand for bathroom fixtures and accessories in the global market.
- Rising disposable income of consumers, which is resulting in an increase in spending on luxury items such as bathroom faucets.
- Growing popularity of smart technology-enabled bathroom faucets that offer features such as hands-free operation and automatic water shutoff upon completion of the task.
- Proliferation of online retail platforms that are offering a wide range of affordable bathroom faucet options to consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bathroom Faucet Market Research Report
By Type
Single Handle Faucets, Two Handle Faucets, Other
By Application
Household, Commercial
By Companies
Moen, Pfister, KES, Delta Faucet, Hamat, LCM, Moen
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Bathroom Faucet Market Report Segments:
The global Bathroom Faucet market is segmented on the basis of:
Types
Single Handle Faucets, Two Handle Faucets, 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
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:
- Moen
- Pfister
- KES
- Delta Faucet
- Hamat
- LCM
- Moen
Highlights of The Bathroom 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:
- Single Handle Faucets
- Two Handle Faucets
- Other
- 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 Bathroom 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?
A bathroom faucet is a device used to fill and empty water containers in a bathroom.
Some of the key players operating in the bathroom faucet market are Moen, Pfister, KES, Delta Faucet, Hamat, LCM, Moen.
The bathroom faucet market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bathroom 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 Bathroom Faucet Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bathroom 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 Bathroom 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 Bathroom Faucet Market Size & Forecast, 2020-2028 4.5.1 Bathroom Faucet Market Size and Y-o-Y Growth 4.5.2 Bathroom 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 Single Handle Faucets
5.2.2 Two Handle Faucets
5.2.3 Other
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 Bathroom 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 Bathroom 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 Single Handle Faucets
9.6.2 Two Handle Faucets
9.6.3 Other
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 Single Handle Faucets
10.6.2 Two Handle Faucets
10.6.3 Other
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 Single Handle Faucets
11.6.2 Two Handle Faucets
11.6.3 Other
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 Single Handle Faucets
12.6.2 Two Handle Faucets
12.6.3 Other
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 Single Handle Faucets
13.6.2 Two Handle Faucets
13.6.3 Other
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 Bathroom Faucet Market: Competitive Dashboard
14.2 Global Bathroom Faucet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Moen
14.3.2 Pfister
14.3.3 KES
14.3.4 Delta Faucet
14.3.5 Hamat
14.3.6 LCM
14.3.7 Moen