Market Overview:
The global specialty 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 luxury and designer faucets, rising awareness about water conservation, and growing construction activities across the globe. Based on type, the global specialty faucets market is segmented into stainless steel, copper plating, chrome plated, and others. Chrome plated segment is expected to witness highest growth during the forecast period owing to its properties such as durability and resistance against scratches. Based on application, the global specialty faucets market is segmented into household, commercial, and others segments. Household segment accounted for majority share of total revenue in 2017 due to increasing demand for luxury bathroom fittings in residential applications across developed economies such as North America and Europe.
Product Definition:
A specialty faucet is a type of plumbing fixture that is used to control the flow of water in a specific way. Specialty faucets can include features such as filters, sprayers, or sensors that allow them to be used for specific purposes. For example, a sensor-activated faucet can be used to wash hands or dishes automatically.
Stainless Steel:
Stainless steel is a type of metal that has greater corrosion resistance than regular iron or steel. The basic composition of stainless steel includes chromium, nickel, iron, and titanium. Stainless Steel’s high carbon content makes it resistant to rusting which makes it highly preferable for use in kitchen faucets especially for the commercial sector such as restaurants and hotels where there is constant contact with water.
Copper Plating:
Copper plating is a method of electroplating where copper cathode is coated with an alloy of copper and other metals. The most commonly used metals in this process are gold, silver, platinum, palladium and nickel. It can also be used to coat steel or iron parts but it’s not as popular as the other processes due to high maintenance costs associated with it.
Application Insights:
The commercial application segment led the global specialty faucets market in 2017. The growth can be attributed to the increasing number of hotels, restaurants and bars at a global level. Moreover, rising construction activities for new commercial spaces are likely to drive product demand over the forecast period.
Household application is expected to witness significant growth over the next six years owing to growing awareness about superior aesthetics and superior functionality among consumers regarding kitchen faucets. In addition, an increase in spending on home remodeling projects is anticipated to positively impact industry growth during this period.
The residential sector has also witnessed rapid expansion in recent years due largely of population boom resulting in increased housing needs across various regions including Asia Pacific.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of hotels, restaurants, households as well as commercial applications. Growing population coupled with increasing disposable income levels will drive the regional market further.
The Asia Pacific hotel industry is growing at a rapid rate due to increased tourism in countries such as Thailand and Malaysia. This will create demand for specialty faucets in commercial applications such as bars, pubs, clubs and others where water needs to be served quickly on a large scale basis thus creating demand for different types of specialty faucets that can serve this purpose better than ordinary ones can do so within seconds or minutes whereas ordinary ones need several minutes before they are ready for use which wastes time and energy thereby creating an opportunity for specialty faucet manufacturers who could provide these products at competitive prices thus driving their sales volumes over the forecast period.
Growth Factors:
- Increasing demand for luxury and premium products: The global market for specialty faucets is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for luxury and premium products, especially in developed countries.
- Rising disposable income: Another key growth driver for this market is the rising disposable income of consumers, which has led to an increase in their purchasing power. This is particularly true in developing countries where there is a growing middle class population that is increasingly spending on luxury items such as specialty faucets.
- Growing construction industry: The growth of the construction industry worldwide has also been a major driver for the global market for specialty faucets, as it leads to an increase in demand from both residential and commercial sectors. In particular, developing countries are witnessing rapid expansion in their construction industries, which is aiding the growth of this market there significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Faucets Market Research Report
By Type
Stainless Steel, Copper Plating, Chrome Plated, Others
By Application
Household, Commercial, Others
By Companies
Pfister, Homewerks Worldwide, Matco-Norca, Chicago Faucets, Banner, Waltec Industries, Moen, Kohler
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Faucets Market Report Segments:
The global Specialty Faucets market is segmented on the basis of:
Types
Stainless Steel, Copper Plating, Chrome Plated, Others
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, 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:
- Pfister
- Homewerks Worldwide
- Matco-Norca
- Chicago Faucets
- Banner
- Waltec Industries
- Moen
- Kohler
Highlights of The Specialty 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
- Copper Plating
- Chrome Plated
- Others
- By Application:
- Household
- Commercial
- 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 Specialty 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Specialty Faucets is a company that manufactures and sells high-quality faucets. They offer a variety of styles, colors, and finishes to choose from.
Some of the major players in the specialty faucets market are Pfister, Homewerks Worldwide, Matco-Norca, Chicago Faucets, Banner, Waltec Industries, Moen, Kohler.
The specialty faucets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty 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. Specialty Faucets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Faucets Market - Supply Chain
4.5. Global Specialty Faucets Market Forecast
4.5.1. Specialty Faucets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Faucets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Faucets Market Absolute $ Opportunity
5. Global Specialty 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. Specialty Faucets Market Size and Volume Forecast by Type
5.3.1. Stainless Steel
5.3.2. Copper Plating
5.3.3. Chrome Plated
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty 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. Specialty Faucets Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty 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. Specialty 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 Specialty 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. Specialty 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 Specialty Faucets Demand Share Forecast, 2019-2026
9. North America Specialty 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 Specialty 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 Specialty Faucets Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specialty Faucets Market Size and Volume Forecast by Type
9.7.1. Stainless Steel
9.7.2. Copper Plating
9.7.3. Chrome Plated
9.7.4. Others
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 Specialty Faucets Demand Share Forecast, 2019-2026
10. Latin America Specialty 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 Specialty 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 Specialty Faucets Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specialty Faucets Market Size and Volume Forecast by Type
10.7.1. Stainless Steel
10.7.2. Copper Plating
10.7.3. Chrome Plated
10.7.4. Others
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 Specialty Faucets Demand Share Forecast, 2019-2026
11. Europe Specialty 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 Specialty 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 Specialty Faucets Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specialty Faucets Market Size and Volume Forecast by Type
11.7.1. Stainless Steel
11.7.2. Copper Plating
11.7.3. Chrome Plated
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectins 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 Specialty Faucets Demand Share, 2019-2026
12. Asia Pacific Specialty 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 Specialty 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 Specialty Faucets Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specialty Faucets Market Size and Volume Forecast by Type
12.7.1. Stainless Steel
12.7.2. Copper Plating
12.7.3. Chrome Plated
12.7.4. Others
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 Specialty Faucets Demand Share, 2019-2026
13. Middle East & Africa Specialty 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 Specialty 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 Specialty Faucets Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Specialty Faucets Market Size and Volume Forecast by Type
13.7.1. Stainless Steel
13.7.2. Copper Plating
13.7.3. Chrome Plated
13.7.4. Others
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 Specialty Faucets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specialty Faucets Market: Market Share Analysis
14.2. Specialty Faucets Distributors and Customers
14.3. Specialty Faucets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pfister
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Homewerks Worldwide
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Matco-Norca
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chicago Faucets
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Banner
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Waltec Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Moen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kohler
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
