Market Overview:
The global stainless steel 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 stainless steel faucets from residential, commercial, and industrial applications. In terms of type, the single joint style faucet segment is expected to lead the global stainless steel faucet market during the forecast period. This segment is projected to grow at a CAGR of 6% during the forecast period. In terms of application, the residential segment is expected to lead the global stainless steel faucet market duringthe forecast period.
Product Definition:
A faucet is a device that allows water to be dispensed from a plumbing fixture, such as a sink or shower. Faucets are made of many different materials, including brass, bronze, chrome-nickel alloy, copper-zinc alloy (or cupronickel), stainless steel and plastic.
Single Joint Style Faucet:
Single-joint style faucets are the most popular type of kitchen faucets in today's market. They have a simple mechanism and are easy to use. The growth factor for this segment is due to its widespread usage in residential, commercial, and industrial applications. It can be used for hot & cold water as per requirement which also gives it an edge over other types of faucets available in the market with similar features.
Double Joint Style Faucet:
Double joint style faucet is a kind of plumbing fixture which has two spouts coming out from the same hole. It can be used for filling two different kinds of vessels at the same time. The most common use of double joint style faucets is in kitchen sinks as it helps in washing hands easily and quickly without bending over or getting down from a standing position.
Application Insights:
The residential segment accounted for the largest share of more than 60.0% in 2017. The rising number of residential construction projects across the globe is expected to remain a key driving factor for industry growth over the forecast period. For instance, according to data published by United Nations (UN), it was reported that around 54 million people were living in slums as of 2016, which was an increase of about 9 million compared to 2010 levels.
The commercial segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand from hotels and restaurants for stainless steel kitchen faucets with unique designs and features such as swivel head, sprayer options including stream/mist mode and normal mode along with different water flow options like high pressure showerhead or standard pressure showerhead among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest stainless steel faucet manufacturers, such as Mgintl Group, Syska GmbH, and Hager Group. These companies are focusing on expanding their business in emerging countries such as India and China by offering a wide range of products at competitive prices. Furthermore, increasing construction activities due to growing population have led to an increased demand for commercial facilities including restaurants and hotels which will further drive product sales over the next eight years.
The Asia Pacific market was followed by Europe that accounted for a share of more than 20% in 2017 owing to high demand from residential application segment mainly driven by replacement or upgrading projects undertaken majorly in European countries like U.K.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising awareness about the benefits of stainless steel faucets over traditional taps
- Growing popularity of minimalist design in interior decoration
- Innovative product designs and features by manufacturers
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Faucet Market Research Report
By Type
Single Joint Style Faucet, Double Joint Style Faucet, Triple Joint Style Faucet
By Application
Residential, Commercial, Industrial
By Companies
Franke, Primy, SENTO, Parmir, SUPOR, Gorlde, Oulin, LeReve, PUSAK, SUNLOT, HAVA
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Faucet Market Report Segments:
The global Stainless Steel Faucet market is segmented on the basis of:
Types
Single Joint Style Faucet, Double Joint Style Faucet, Triple Joint Style 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
Residential, Commercial, Industrial
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:
- Franke
- Primy
- SENTO
- Parmir
- SUPOR
- Gorlde
- Oulin
- LeReve
- PUSAK
- SUNLOT
- HAVA
Highlights of The Stainless Steel 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 Joint Style Faucet
- Double Joint Style Faucet
- Triple Joint Style Faucet
- By Application:
- Residential
- Commercial
- Industrial
- 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 Stainless Steel 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 stainless steel faucet is a type of kitchen sink that is made from stainless steel. Stainless steel is a type of metal that does not corrode, which makes it a popular choice for kitchen sinks.
Some of the major players in the stainless steel faucet market are Franke, Primy, SENTO, Parmir, SUPOR, Gorlde, Oulin, LeReve, PUSAK, SUNLOT, HAVA.
The stainless steel faucet market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stainless Steel Faucet 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. Stainless Steel Faucet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stainless Steel Faucet Market - Supply Chain
4.5. Global Stainless Steel Faucet Market Forecast
4.5.1. Stainless Steel Faucet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stainless Steel Faucet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stainless Steel Faucet Market Absolute $ Opportunity
5. Global Stainless Steel Faucet 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. Stainless Steel Faucet Market Size and Volume Forecast by Type
5.3.1. Single Joint Style Faucet
5.3.2. Double Joint Style Faucet
5.3.3. Triple Joint Style Faucet
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stainless Steel Faucet 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. Stainless Steel Faucet Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stainless Steel Faucet 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. Stainless Steel Faucet 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 Stainless Steel Faucet 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. Stainless Steel Faucet 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 Stainless Steel Faucet Demand Share Forecast, 2019-2026
9. North America Stainless Steel Faucet 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 Stainless Steel Faucet 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 Stainless Steel Faucet Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stainless Steel Faucet Market Size and Volume Forecast by Type
9.7.1. Single Joint Style Faucet
9.7.2. Double Joint Style Faucet
9.7.3. Triple Joint Style Faucet
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 Stainless Steel Faucet Demand Share Forecast, 2019-2026
10. Latin America Stainless Steel Faucet 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 Stainless Steel Faucet 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 Stainless Steel Faucet Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stainless Steel Faucet Market Size and Volume Forecast by Type
10.7.1. Single Joint Style Faucet
10.7.2. Double Joint Style Faucet
10.7.3. Triple Joint Style Faucet
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 Stainless Steel Faucet Demand Share Forecast, 2019-2026
11. Europe Stainless Steel Faucet 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 Stainless Steel Faucet 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 Stainless Steel Faucet Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stainless Steel Faucet Market Size and Volume Forecast by Type
11.7.1. Single Joint Style Faucet
11.7.2. Double Joint Style Faucet
11.7.3. Triple Joint Style Fucet
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Stainless Steel Faucet Demand Share, 2019-2026
12. Asia Pacific Stainless Steel Faucet 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 Stainless Steel Faucet 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 Stainless Steel Faucet Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stainless Steel Faucet Market Size and Volume Forecast by Type
12.7.1. Single Joint Style Faucet
12.7.2. Double Joint Style Faucet
12.7.3. Triple Joint Style Faucet
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 Stainless Steel Faucet Demand Share, 2019-2026
13. Middle East & Africa Stainless Steel Faucet 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 Stainless Steel Faucet 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 Stainless Steel Faucet Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stainless Steel Faucet Market Size and Volume Forecast by Type
13.7.1. Single Joint Style Faucet
13.7.2. Double Joint Style Faucet
13.7.3. Triple Joint Style Faucet
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 Stainless Steel Faucet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stainless Steel Faucet Market: Market Share Analysis
14.2. Stainless Steel Faucet Distributors and Customers
14.3. Stainless Steel Faucet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Franke
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Primy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SENTO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Parmir
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SUPOR
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gorlde
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Oulin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LeReve
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PUSAK
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SUNLOT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HAVA
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