Demand for Plumbing Fixtures and Impact of COVID-19……..


The global plumbing fixtures market size is expected to reach USD 121.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Increasing preference for washrooms and kitchens that are not only functional but also have an aesthetic appeal is expected to promote demand for plumbing fixtures. Furthermore, growing popularity of ceramic has propelled the working-class population to spend on beautifying one’s washrooms and kitchens.
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
In March 2019, American Standard, a leading provider of bathroom and kitchen fixtures, launched Genie hand showers for cities including Manila, Mumbai, Bangkok, and Jakarta. The hand shower features 120 micro spray holes that guarantees vigorous water flow even under low pressure. It has been designed to easily spot slime and mineral deposits and assist in frequent cleaning.
In February 2019, Moen Incorporated and Nebia jointly launched a new showerhead under the brand name, Nebia Spa Shower 2.0. The product is claimed to consume 65% less water in comparison to the conventional showerheads. Furthermore, the company utilizes a unique technology that atomizes water into millions of tint droplets, which enhance the surface area of water by ten folds. In comparison to its previous version, the product has been modified to offer warmer experience, better coverage, and improved water pressure.
Livin, a home appliance company, launched an affordable water saving digital shower in February 2018. The company has made endeavor to collaborate the new age technology with the classy design. The product is compatible with Google Home and Amazon Echo. The unique temperature control algorithm arranges the appropriate water temperature in the least possible amount of time. Livin also offers shower app, which helps the user in personalizing the temperature and time.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/plumbing-fixtures-market/request/rs4
In January 2019, Kohler launched Numi 2.0 intelligent toilets with KOHLER Konnect. These advanced toilets offer personalized experience, wherein the users can fine-tune all the involved factors including light, music, seat temperature, along with hand free cleansing facilities with exceptional water efficiencies. Numi 2.0 delivers hands-free control, personalized cleansing functionality, and exceptional water efficiency. It is equipped and embedded with Amazon Alexa.
Further key findings from the report suggest:
·         By product, toilets accounted for more than 20.0% share of the global revenue in 2018
·         Commercial deployment accounted for a plumbing fixtures market share of more than 50.0% in 2018
·         North America held a revenue share of more than 25.0% in 2018
·         Online distribution channel is expected to expand at a CAGR of 5.3% from 2019 to 2025.
The global plumbing fixtures market size was valued at USD 87.7 billion in 2018. Increasing application of modern bathrooms and kitchen at a global level is expected to drive the demand for plumbing fixtures in the coming years. This, in turn, is anticipated to have a strong impact on the market growth.
Preference for washrooms and kitchens that are not only functional but also have an aesthetic appeal is increasing among the urban population. Growing popularity of ceramic materials in sanitary ware on account of their excellent heat tolerance characteristics has influenced the working-class population to spend on beautifying washrooms and kitchens.
In addition, development of new products and evolution of older ones to serve the purpose of both comfort and luxury is expected to promote the utility of fixtures for bathrooms as well as kitchens. Major types of plumbing fixtures include bathtub, sinks, toilets, showers, faucets and taps, and drains. These products are required in both residential and commercial buildings for facilitating bathing, cleaning, and washing purposes.
Rapid rise in the demand for smart and eco-friendly homes and offices is positively influencing the growth of the fixture industry. This growth is further complimented by new construction projects according to modern architecture, which is specifically focusing on water efficient systems.
Toilet plumbing fixtures accounted for a share of more than 20.0% in 2018. These products include flush toilets, urinals, dry toilets, high tech toilets, lavatories, one-piece toilets, two piece toilets, upflush toilets, small compact toilets, corner toilets, wall mounted toilets, square toilets, elongated toilets, and round bowl toilets.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-plumbing-fixtures-market
According to the World Health Organization data from 2015, 2.3 billion people were living without toilets worldwide. The Government of India constructed more than 9.12 million toilets between October 2014 and December 2018. As a result, this government initiative is expected to promote the spending on the construction of new toilets and thus, will promote the use of various fixtures in the near future.
Grand View Research has segmented the global plumbing fixtures market on the basis of product, deployment, location, application, distribution channel:
Plumbing Fixtures Product Outlook (Revenue, USD Billion, 2015 - 2025)
·         Bathtubs
·         Sinks
·         Toilets
·         Showers
·         Faucets & Taps
·         Drains
·         Others
Plumbing Fixtures Deployment Outlook (Revenue, USD Billion, 2015 - 2025)
·         Residential
·         Commercial
Plumbing Fixtures Location Outlook (Revenue, USD Billion, 2015 - 2025)
·         Bathroom
·         Kitchen
·         Others
Plumbing Fixtures Application Outlook (Revenue, USD Billion, 2015 - 2025)
·         New Construction
·         Repair & Remodel
Plumbing Fixtures Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
·         Online
·         Offline
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more