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The Residential Plumbing Market size is forecast to increase by USD 26.20 billion, at a CAGR of 4.95% between 2023 and 2028. The market is witnessing significant growth due to the rise in the number of residential buildings globally. This trend is driven by urbanization and increasing population, leading to a higher demand for new housing units. Additionally, the adoption of eco-friendly plumbing pipes solutions is gaining momentum as consumers become more environmentally conscious. However, the high cost and maintenance of residential plumbing systems pose challenges for market growth. These systems require regular maintenance to ensure their longevity and efficiency, which can be costly for homeowners. Furthermore, the use of traditional materials and outdated technologies can lead to higher water consumption and wastage, adding to environmental concerns. To mitigate these challenges, market players are focusing on developing cost-effective and sustainable plumbing fixtures and fittings solutions that cater to the evolving needs of consumers.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The renovations and upgrades segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of products, including plumbing fixtures, faucets, taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, hot tubs, and spas. These products cater to various sectors such as new residential construction, residential improvement, and residential building construction. The market also offers smart plumbing products, water-efficient fixtures, and luxury plumbing products for home improvement and water distribution projects.
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The renovations and upgrades was the largest segment and was valued at USD 57.01 billion in 2018. Water conservation is a significant trend in the market, with an emphasis on eco-friendly fixtures, such as low-flow faucets, dual-flush toilets, and water-saving showerheads. Smart plumbing products, including touchless operation and antimicrobial fixtures, are also gaining popularity for their convenience and sanitation benefits. The market includes various accessories, drains, valves, sinks, toilets, showers, bathtubs, bidets, urinals, and construction and remodeling projects. Economic development and aesthetic appeal are essential factors driving the growth of the market. The market also caters to the demand for water efficiency and smart homes, making it an essential sector for the construction and renovation industry.
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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is experiencing significant growth due to the increasing focus on hygiene awareness and infrastructure projects. In both residential and commercial sectors, the demand for bathroom and kitchen fixtures, including water closets, washbasins, and flushing cisterns, is on the rise. Repair and remodel projects, as well as new construction, are driving the market for plumbing contractors. The use of exchangeable devices, noncorrosive materials, and easy-cleaning pipes in water systems is gaining popularity, ensuring a modern and efficient water system in homes and commercial facilities.
Plumbing materials such as fiberglass, acrylic, enamel, cast iron, steel, and waterproof wood are being used to cater to the diverse needs of luxury homes, spa resorts, health and wellness centers, medical treatment facilities, and rehabilitation centers. Eco-friendly solutions are increasingly being adopted to reduce the carbon footprint, with premium quality materials and repair and renovation services ensuring long-lasting, sustainable plumbing systems. Kitchen and bathroom drainage systems are being upgraded to meet the demands of modern living, providing convenience and functionality in line with the latest trends.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
American Bath Group - The company offers residential plumbing products and solutions under its Bootz brand product line.
Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of:
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Market structure |
Fragmented |
YoY growth 2023-2024 |
4.51 |
The market is witnessing significant growth due to the increasing demand for advanced plumbing fixtures and water conservation technologies. Faucets and taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, and accessories are the major product categories in the market. Hot tubs and spas are also gaining popularity in residential applications. The new residential construction segment is a key contributor to the market growth, with a focus on water distribution systems made of noncorrosive materials for easy cleaning and long-lasting performance. Drains, valves, and pipes are essential components of the water system, and their demand is expected to increase due to the growing emphasis on efficient drainage systems and leak-free installations. The kitchen and bathroom are the primary areas of application for various plumbing fixtures, including sinks, toilets, showers, bathtubs, bidets, and urinals. Water conservation is a significant trend in the market, with exchangeable devices and water-saving technologies gaining popularity among consumers. Commercial facilities, such as schools and offices, are also adopting advanced plumbing systems for efficient water usage and maintenance. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rise in the number of residential buildings globally is notably driving market growth. The market has witnessed notable growth, fueled by the increasing number of residential buildings globally. Urban population expansion and urbanization have driven this trend, as people seek modern living standards in various regions. New residential construction projects, including single-family homes and apartment complexes, have led to a heightened demand for plumbing products, services, and solutions. In India, for instance, the population is projected to reach 1.7 billion by 2047, with nearly half residing in urban areas. This increase in demand encompasses a wide range of plumbing requirements, from plumbing fixtures such as faucets, taps, and plumbing fittings, to bathtub and shower fixtures, toilet fixtures, sink fixtures, hot tubs, spas, and more
Furthermore, the market is witnessing a shift towards water conservation, smart plumbing products, luxury fixtures, and eco-friendly options, including water-efficient fixtures, touchless operation, and antimicrobial fixtures. These trends are also influencing home improvement, renovation, and renovation projects. The economic development and aesthetic appeal of residential buildings are also crucial factors driving market growth. Water distribution systems, drains, valves, sinks, toilets, showers, bathtubs, bidets, urinals, and construction projects all contribute to the market's expansion. Smart homes and sustainable plumbing solutions are increasingly popular, as homeowners and developers prioritize sanitation, water efficiency, and innovation. Thus, such factors are driving the growth of the market during the forecast period.
Advent of eco-friendly plumbing solutions is the key trend in the market. In the realm of residential plumbing, eco-friendly solutions have emerged as a priority for homeowners seeking to save money, minimize their carbon footprint, and promote water conservation. The integration of eco-friendly plumbing products into residential properties is a simple yet effective approach to reducing water and energy wastage. Toilets, a significant water consumer in homes, have evolved with water-efficient models that save approximately forty percent of water compared to traditional ones. These water-efficient toilets now boast enhanced aesthetics, offering a blend of functionality and design. Outdoor spaces, such as gardens, can be kept lush with eco-friendly water systems. Drip irrigation systems, which minimize water evaporation, are gaining popularity in the market. These systems ensure efficient water distribution while maintaining the greenery. Plumbing fixtures, including faucets, taps, and plumbing fittings, are now available in water-efficient and smart versions. Bathtub and shower fixtures, as well as sink fixtures, can save water through the use of aerators and low-flow technology.
Hot tubs and spas, a popular luxury addition to homes, can be made eco-friendly through the use of energy-efficient heating systems and covers. Smart plumbing products, such as touchless operation and antimicrobial fixtures, add convenience and hygiene to the residential plumbing system. Residential new construction, improvement, and renovation projects can incorporate eco-friendly plumbing solutions, including water distribution systems, drains, valves, and sinks. These innovations contribute to economic development, improved sanitation, and the creation of smart homes. Eco-friendly plumbing products extend beyond water conservation to include accessories, such as bidets, urinals, and construction materials. These products promote water efficiency and contribute to the overall aesthetic appeal of the residential property. Thus, such trends will shape the growth of the market during the forecast period.
High cost and maintenance of residential plumbing is the major challenge that affects the growth of the market. The market encompasses a wide range of products, including plumbing fixtures, faucets, taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, hot tubs, spas, and various accessories such as drains, valves, and sinks. These fixtures play a crucial role in water distribution and sanitation within homes, contributing to both aesthetic appeal and economic development. New residential construction and improvement projects require extensive use of these plumbing components. However, the market faces challenges due to the high initial cost and maintenance requirements associated with plumbing systems.
To mitigate these challenges, the market offers various solutions, such as smart plumbing products, water-efficient fixtures, and eco-friendly alternatives. These innovations not only reduce water usage and save costs in the long run but also contribute to the growth of the market. Additionally, smart homes with touchless operation and antimicrobial fixtures have gained popularity, catering to the demand for improved hygiene and convenience. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The market is witnessing significant growth due to the increasing demand for plumbing products in new residential construction and residential improvement projects. This market caters to various types of plumbing fixtures, including faucets, taps, plumbing fittings, bathtub fixtures, shower fixtures, toilet fixtures, sink fixtures, hot tubs, and spas. The market also offers water-efficient fixtures and smart plumbing products, which are becoming increasingly popular due to their eco-friendly features and touchless operation. In addition, the market is witnessing a trend towards luxury plumbing products that offer aesthetic appeal and enhanced functionality.
Water distribution systems, accessories, drains, valves, sinks, toilets, showers, bathtubs, bidets, urinals, and construction and remodeling projects are some of the key areas where residential plumbing products are in demand. Furthermore, the market is driven by economic development and the need for sanitation and water efficiency in residential buildings. Smart homes and eco-friendly fixtures are also gaining popularity, with antimicrobial fixtures being a significant trend in the market. Overall, the market is expected to grow steadily due to these factors and the increasing demand for plumbing solutions in both new construction and renovation projects.
Market Scope |
|
Report Coverage |
Details |
Page number |
201 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.95% |
Market growth 2024-2028 |
USD 26.20 billion |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key countries |
US, China, India, Canada, Germany, Japan, France, UK, Australia, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Bath Group, Astral Ltd., Bradford White Corp., Chemed Corp., Colston Bath, Credo Trading, Elkay Manufacturing Co., Geberit International AG, Globe Union Industrial Corp., Home Depot Inc., Kohler Co., LIXIL Corp., Lowes Co. Inc., Masco Corp., Moen Inc., Reliance Worldwide Corp. Ltd., Rheem Manufacturing Co., The Supreme Industries Ltd., Toto Ltd., and Uponor Corp. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Fitting
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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