Global Plumbing Fixtures Market: Overview
Increasing drought-like conditions across the world, aging water distribution, and drainage system have created a need for alternative ways to conserve the water. Plumbing fixtures is an effective approach that consumes less water. Plumbing fixtures have evolved largely in terms of style, color, and material. Different kind of plumbing fixtures is easily available in the market with affordable price rates that include showers, bathtubs, urinals, drinking fountains, channel drains, toilet pans, sinks, wash-basins, and others. These components have passed fixed standards and certifications to ensure safety and honesty. These days, most of the public places such as malls, showrooms, and hotels are equipped with sensor-operated urinals. Flush valves that are operated manually are swiftly disappearing and sensor-operated valves are gaining popularity which minimizes the consumption of water by intelligent flushing schedules based on fuzzy logic.
Global Plumbing Fixtures Market: Growth Factors
The demand for plumbing fixtures is encouraged in the construction industry. Rising infrastructural activities and new design trends increase the numbers of bathrooms and kitchens thus fuelling the demand for plumbing fixtures market growth. Commercial demand for plumbing fixtures in the offices, hotels, malls, and hospitals are gaining popularity. However, it is difficult to keep the desired standard for a different material that is used in the manufacturing of products. Innovative designs of the fixtures attract the customers and use of fixtures that are operated with the help of sensors improves personal comfort, performance, aesthetics, and bathing facilities having no germs are the key trends that are fuelling the market. Nowadays, companies are focusing on manufacturing electronic-based plumbing fixtures, which are positively enhancing the plumbing fixtures market.
Global Plumbing Fixtures Market: Segmentation
The global plumbing fixtures market is segregated into its product type, material type, and application. The product type segment is categorized into a sink, bathtub, toilet, and showers. Based on the material type, the market is segmented as plastics and metals. The plastics segment is further sub-segmented into acrylics, polymers, fiberglass, and others. The metal segment is sub-segmented into cast iron and others. On the basis of application, the market is divided into commercial and residential. The residential application is the largest segment.
Global Plumbing Fixtures Market: Regional Analysis
Asia Pacific is expected to be the largest region for plumbing fixtures market due to factors such as increasing population and developing construction industry. Growing manufacturing hub in the emerging regions is expected to offer numerous growth opportunities in the manufacturing of the plumbing fixtures at lower costs. They are widely used in the residential and commercial buildings, which is a reason that contributes to strong market growth in Asia Pacific region. North America and Europe are also contributing a good market share.
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Global Plumbing Fixtures Market: Competitive Players
The key market players in the global plumbing fixtures market are Roca Sanitario S.A., Geberit AG, Moen Incorporated, Masco Corporation, Jacuzzi, Inc., Toto Ltd., Kohler Co., and Lixil Group Corporation.