Market Overview:
The global plumbing components 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 plumbing components in residential and non-residential applications. In terms of type, fittings are expected to hold the largest share of the global plumbing components market during the forecast period. This can be attributed to their growing use in various applications, such as bathtubs, showerheads, faucets and others. In terms of application, bathtubs are expected to hold the largest share of the global plumbing components market during the forecast period.
Product Definition:
A plumbing component is a device or fitting that is used in a plumbing system. The purpose of plumbing components is to convey water and wastewater from one place to another. Some common examples of plumbing components include pipes, fittings, valves, and pumps.
Fittings:
Fittings are the components that are used to connect plumbing fixtures. It is a key factor in the growth of plumbing components market owing to its wide range of applications such as bathroom fittings, kitchen faucet, showerheads, and water closets among others. The growing demand for modern bathrooms and kitchens coupled with rising construction activities across the globe is expected to drive this market over the forecast period.
Manifolds:
Manifolds are flexible tubes that are made from plastic and rubber. They can be used for a variety of applications including waste, vent, hot and cold water distribution. The application of manifolds in plumbing components is increasing due to their flexibility which allows them to fit easily into the smallest spaces. This factor is also responsible for their increased demand in bathrooms where they provide easy access to pipes hidden inside walls or ceilings without making any permanent modifications to the structure apart from drilling a few holes.
Application Insights:
The market is segmented by application into bathtubs, showerheads, faucets and others. In 2017, the bathtub segment dominated the global plumbing components market with a share of over 60%. The demand for bathroom remodeling or new construction is increasing significantly across all regions as consumers prefer premium facilities at home. Furthermore, rising awareness regarding health and hygiene among consumers in developing countries such as China and India is expected to boost product demand over the forecast period.
The other applications include kitchen sinks & accessories, water coolers/freezers (ice machines), water filtration systems (water purification systems), etc. Increasing urbanization along with an increase in disposable income has led to an increased number of residential units having these appliances installed within them.
Regional Analysis:
Asia Pacific was the largest market for global plumbing components and accounted for a revenue share of over 35.0% in 2017. The growth is attributed to increasing construction activities, coupled with growing population, especially in China and India. In addition, rising demand from residential sector is expected to drive the regional market over the forecast period.
The European region captured a significant revenue share in 2017 owing to high acceptance of advanced products as well as services resulting from strong competition among manufacturers operating across Europe.
Growth Factors:
- Increasing demand from construction sector: The growth of the plumbing components market is mainly attributed to the increasing demand from the construction sector. The rising population and rapid urbanization has led to an increase in the demand for new buildings, which in turn is fueling the growth of the plumbing components market.
- Growing awareness about energy-efficient plumbing systems: There is a growing awareness among consumers about energy-efficient plumbing systems, which is aiding in the growth of this market. Plumbing components that are designed to be energy efficient can help save a significant amount of money on utility bills over time. This is resulting in an increase in their adoption across residential and commercial establishments.
- Rising popularity of green buildings: Another key factor drivinggrowth intheplumbingcomponentsmarketisthegrowing popularityofgreenbuildingsacrosstheworldtosaveenergyandreduceemissionsfrombuildingoperations.Greenbuildingsutilizepowerfulandefficientplumbingtechnologies,suchaslowflowfaucetsandtoilets,thatconservewaterandsaveenergycostsassociatedwithoperationofthemaintenanceofbuildingfacilitiesinfutureyears..Thisfactorislikelytocontinuetogrowinthet nearfutureastheworldbecomesmoreenvironmentallyconsciousandreceptivetogreenbuildingpractices..
Scope Of The Report
Report Attributes
Report Details
Report Title
Plumbing Components Market Research Report
By Type
Fittings, Manifolds, Pipes, Valves
By Application
Bathtubs, Showerheads, Faucets, Others
By Companies
McWane, Nupi Industrie Italiane, Aalberts(Lasco Fittings), Central States Industrial Equipment, Finolex Industries, Morris Group, Mueller Industries, Reliance Worldwide Corporation, Turnkey Industrial Pipe and Supply, Uponor Corporation
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Plumbing Components Market Report Segments:
The global Plumbing Components market is segmented on the basis of:
Types
Fittings, Manifolds, Pipes, Valves
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
Bathtubs, Showerheads, Faucets, 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:
- McWane
- Nupi Industrie Italiane
- Aalberts(Lasco Fittings)
- Central States Industrial Equipment
- Finolex Industries
- Morris Group
- Mueller Industries
- Reliance Worldwide Corporation
- Turnkey Industrial Pipe and Supply
- Uponor Corporation
Highlights of The Plumbing Components 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:
- Fittings
- Manifolds
- Pipes
- Valves
- By Application:
- Bathtubs
- Showerheads
- Faucets
- 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 Plumbing Components 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 plumbing component is a device or assembly that is used in the plumbing system. Components can include valves, fittings, pipes, and other components.
Some of the major players in the plumbing components market are McWane, Nupi Industrie Italiane, Aalberts(Lasco Fittings), Central States Industrial Equipment, Finolex Industries, Morris Group, Mueller Industries, Reliance Worldwide Corporation, Turnkey Industrial Pipe and Supply, Uponor Corporation.
The plumbing components 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 Plumbing Components 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 Plumbing Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plumbing Components 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 Plumbing Components 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 Plumbing Components Market Size & Forecast, 2020-2028
4.5.1 Plumbing Components Market Size and Y-o-Y Growth
4.5.2 Plumbing Components 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 Fittings
5.2.2 Manifolds
5.2.3 Pipes
5.2.4 Valves
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 Bathtubs
6.2.2 Showerheads
6.2.3 Faucets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plumbing Components 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 Plumbing Components 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 Fittings
9.6.2 Manifolds
9.6.3 Pipes
9.6.4 Valves
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 Bathtubs
9.10.2 Showerheads
9.10.3 Faucets
9.10.4 Others
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 Fittings
10.6.2 Manifolds
10.6.3 Pipes
10.6.4 Valves
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 Bathtubs
10.10.2 Showerheads
10.10.3 Faucets
10.10.4 Others
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 Fittings
11.6.2 Manifolds
11.6.3 Pipes
11.6.4 Valves
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 Bathtubs
11.10.2 Showerheads
11.10.3 Faucets
11.10.4 Others
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 Fittings
12.6.2 Manifolds
12.6.3 Pipes
12.6.4 Valves
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 Bathtubs
12.10.2 Showerheads
12.10.3 Faucets
12.10.4 Others
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 Fittings
13.6.2 Manifolds
13.6.3 Pipes
13.6.4 Valves
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 Bathtubs
13.10.2 Showerheads
13.10.3 Faucets
13.10.4 Others
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 Plumbing Components Market: Competitive Dashboard
14.2 Global Plumbing Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 McWane
14.3.2 Nupi Industrie Italiane
14.3.3 Aalberts(Lasco Fittings)
14.3.4 Central States Industrial Equipment
14.3.5 Finolex Industries
14.3.6 Morris Group
14.3.7 Mueller Industries
14.3.8 Reliance Worldwide Corporation
14.3.9 Turnkey Industrial Pipe and Supply
14.3.10 Uponor Corporation
