Market Overview:
The global water taps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into stainless steel, cast iron, plastic, brass and zinc alloy faucet and polymer composite faucet. Stainless steel water taps are expected to dominate the global water taps market with a share of more than 50% by 2030 owing to their properties such as corrosion resistance and durability. Cast iron water taps are also anticipated to witness significant growth during the forecast period due to their low cost as compared to other types of water taps available in the market. By application, wash basin accounted for majority share in 2017 and is projected to maintain its dominance throughout the forecast period followed by bathtub and shower applications respectively.
Product Definition:
A water tap is a valve that controls the release of water from a pipe. It is used to regulate the flow of water, and to shut off the supply when not in use. The importance of water taps is twofold: they provide a convenient means for obtaining potable water, and they help conserve resources by regulating the flow of water.
Stainless Steel:
Stainless steel is a widely used material in water taps. It has various properties such as corrosion resistance, high strength, and easy to install which makes it the most suitable option for water tap manufacturing. The growth factor of stainless steel in the market is its ability to be easily fabricated into any form making it suitable for application requiring pressure resistant joints or welded fittings.
Cast Iron:
Cast iron is a type of metal that is obtained from the fusion in the oven at temperatures greater than 2,200 degrees Fahrenheit. It has a high melting point and strength as compared to pig iron. The most common types of cast irons are plumbing, cookware, and engine-related castings. These products are used for their better heat resistance property which makes them suitable for various applications such as water heating systems including solar water heating systems where they have wide application areas.
Application Insights:
The wash basin segment dominated the global water taps market, accounting for over 30.0% share of the total revenue in 2017. The growth can be attributed to increasing urbanization and rising disposable income levels in developing countries such as India, China and Brazil. Furthermore, a rise in demand for energy-efficient products is expected to drive the demand for water taps with lower flow rates over the forecast period.
Bathtubs are projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to an increase in spending on bathroom remodeling projects across developed economies including Germany, U.K.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017 and is anticipated to witness a significant CAGR over the forecast period. This growth can be attributed to increasing construction activities, coupled with growing population. Moreover, rising demand for luxury residential spaces such as high rise apartments and hotels is expected to drive the market further.
The Middle East & Africa region accounted for a share of more than 10% in 2017 owing to rapid urbanization and increasing number of construction projects across countries such as Saudi Arabia, UAE, Oman etc., which will have a positive impact on product demand during the forecast period.
North America held significant share in terms of revenue generation owing Cast Iron Water Taps Market that dominates this region due its widespread application scope across U.S.
Growth Factors:
- Increasing population and rapid urbanization: The global population is expected to grow from 7.3 billion in 2016 to 8.5 billion by 2030, according to the United Nations Department of Economic and Social Affairs (UNDESA). This will result in increased demand for water taps, as more people move into cities and towns where access to clean water is essential.
- Rising income levels: As incomes rise around the world, consumers are able to afford more expensive products such as water taps with advanced features and functionality.
- Improved infrastructure: Governments are investing in improved infrastructure, including better water systems and sanitation facilities, which will lead to increased demand for water taps.
- Growing awareness of the importance of hygiene: There is a growing awareness among consumers about the importance of hygiene and proper sanitation practices, which is driving demand for high-quality water taps that can help prevent the spread of disease vectors like mosquitoes or flies .
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Taps Market Research Report
By Type
Stainless Steel, Cast Iron, Plastic, Brass, Zinc Alloy Faucet, Polymer Composite Faucet
By Application
Wash Basin, Bathtub, Shower, Kitchen Sink, Other
By Companies
Jomoo, Kohier, Larsd, Moen, Vatti, Submarine, LIXIL Group, Masco, TOTO, Delta Faucet, Jomoo, MAC Faucets, Danze, AGMECO, Jaguar, CERA Sanitaryware, VitrA, Advanced Modern Technologies Corporation, Geberit Plumbing Technology, GESSI, Kully Supply, Miscea, Oras, Huayi Plumbing Fittings
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Water Taps Market Report Segments:
The global Water Taps market is segmented on the basis of:
Types
Stainless Steel, Cast Iron, Plastic, Brass, Zinc Alloy Faucet, Polymer Composite Faucet
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
Wash Basin, Bathtub, Shower, Kitchen Sink, Other
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:
- Jomoo
- Kohier
- Larsd
- Moen
- Vatti
- Submarine
- LIXIL Group
- Masco
- TOTO
- Delta Faucet
- Jomoo
- MAC Faucets
- Danze
- AGMECO
- Jaguar
- CERA Sanitaryware
- VitrA
- Advanced Modern Technologies Corporation
- Geberit Plumbing Technology
- GESSI
- Kully Supply
- Miscea
- Oras
- Huayi Plumbing Fittings
Highlights of The Water Taps 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
- Cast Iron
- Plastic
- Brass
- Zinc Alloy Faucet
- Polymer Composite Faucet
- By Application:
- Wash Basin
- Bathtub
- Shower
- Kitchen Sink
- Other
- 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 Water Taps 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
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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?
Water taps are the connections between a water main and individual homes or businesses.
Some of the major players in the water taps market are Jomoo, Kohier, Larsd, Moen, Vatti, Submarine, LIXIL Group, Masco, TOTO, Delta Faucet, Jomoo, MAC Faucets, Danze, AGMECO, Jaguar, CERA Sanitaryware, VitrA, Advanced Modern Technologies Corporation, Geberit Plumbing Technology, GESSI, Kully Supply, Miscea, Oras, Huayi Plumbing Fittings.
The water taps 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 Water Taps 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 Water Taps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Water Taps 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 Water Taps 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 Water Taps Market Size & Forecast, 2020-2028
4.5.1 Water Taps Market Size and Y-o-Y Growth
4.5.2 Water Taps 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 Stainless Steel
5.2.2 Cast Iron
5.2.3 Plastic
5.2.4 Brass
5.2.5 Zinc Alloy Faucet
5.2.6 Polymer Composite Faucet
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 Wash Basin
6.2.2 Bathtub
6.2.3 Shower
6.2.4 Kitchen Sink
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Taps 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 Water Taps 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 Stainless Steel
9.6.2 Cast Iron
9.6.3 Plastic
9.6.4 Brass
9.6.5 Zinc Alloy Faucet
9.6.6 Polymer Composite Faucet
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 Wash Basin
9.10.2 Bathtub
9.10.3 Shower
9.10.4 Kitchen Sink
9.10.5 Other
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 Stainless Steel
10.6.2 Cast Iron
10.6.3 Plastic
10.6.4 Brass
10.6.5 Zinc Alloy Faucet
10.6.6 Polymer Composite Faucet
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 Wash Basin
10.10.2 Bathtub
10.10.3 Shower
10.10.4 Kitchen Sink
10.10.5 Other
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 Stainless Steel
11.6.2 Cast Iron
11.6.3 Plastic
11.6.4 Brass
11.6.5 Zinc Alloy Faucet
11.6.6 Polymer Composite Faucet
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 Wash Basin
11.10.2 Bathtub
11.10.3 Shower
11.10.4 Kitchen Sink
11.10.5 Other
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 Stainless Steel
12.6.2 Cast Iron
12.6.3 Plastic
12.6.4 Brass
12.6.5 Zinc Alloy Faucet
12.6.6 Polymer Composite Faucet
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 Wash Basin
12.10.2 Bathtub
12.10.3 Shower
12.10.4 Kitchen Sink
12.10.5 Other
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 Stainless Steel
13.6.2 Cast Iron
13.6.3 Plastic
13.6.4 Brass
13.6.5 Zinc Alloy Faucet
13.6.6 Polymer Composite Faucet
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 Wash Basin
13.10.2 Bathtub
13.10.3 Shower
13.10.4 Kitchen Sink
13.10.5 Other
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 Water Taps Market: Competitive Dashboard
14.2 Global Water Taps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jomoo
14.3.2 Kohier
14.3.3 Larsd
14.3.4 Moen
14.3.5 Vatti
14.3.6 Submarine
14.3.7 LIXIL Group
14.3.8 Masco
14.3.9 TOTO
14.3.10 Delta Faucet
14.3.11 Jomoo
14.3.12 MAC Faucets
14.3.13 Danze
14.3.14 AGMECO
14.3.15 Jaguar
14.3.16 CERA Sanitaryware
14.3.17 VitrA
14.3.18 Advanced Modern Technologies Corporation
14.3.19 Geberit Plumbing Technology
14.3.20 GESSI
14.3.21 Kully Supply
14.3.22 Miscea
14.3.23 Oras
14.3.24 Huayi Plumbing Fittings
