According to Our latest research report on “Luxury Plumbing Fixtures Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global luxury plumbing fixtures market is expected to reach $24,646 million by 2022, registering a CAGR of 4.9% during the forecast period. Luxury plumbing fixtures are designer or high-end products connected to the plumbing system. They are used to accentuate the overall bathroom and kitchen and often indicate status. The rise in disposable income has elevated the consumer lifestyle and shifted their preference towards luxury bathroom and kitchen fixtures. In addition, upgradation in product designing, styling and functionality fuels the global luxury plumbing fixtures market growth.
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The luxury plumbing fixtures market growth is driven by the growth in urbanization, improvement in economic conditions and growth in disposable income, changing lifestyle and behavior of consumers, and adoption of water-efficient fixtures. In addition, untapped Asian and Africa markets are expected to spur the global luxury plumbing fixtures market. However, high cost of raw materials is likely to hamper the luxury plumbing fixtures market growth.
The global luxury plumbing fixtures market is segmented on the basis of type, end user and geography. Based on fixture type, the luxury plumbing fixtures industry is broadly divided into bathroom fixtures and kitchen fixtures. The bathroom fixtures include bathtubs, showerheads, toilets and others while kitchen fixtures include sinks and faucets. Government initiatives to reduce water consumption by introducing dual-flush units has resulted into high adoption of eco-friendly toilets and showerheads. On the basis of end user, the market is segmented into residential and non-residential sector. With rising disposable income, homeowners are witnessed adopting luxurious faucets, sinks and showerheads that entices them to enjoy a luxurious bath. Thus, residential sector was dominant in 2015 and is likely to grow at the highest rate during the forecast period.
The luxury plumbing fixtures market is analyzed across four regions-North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to dominate the global market during the analysis period due to the presence of large number of established manufacturers of luxury plumbing fixtures in Italy, France, and UK. The market in Asia-Pacific is expected to grow at a significant rate due to increase in number of high net worth individuals and growing tourism industry.
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KEY BENEFITS FOR STAKEHOLDERS
The report includes an in-depth analysis of the global luxury plumbing fixtures market along with the current trends, drivers, restraints, and growth opportunities.
Porter’s Five Forces model of the market illustrates the potency of buyers and sellers, which is expected to formulate effective growth strategies.
Key market players have been profiled in the report to understand the strategies adopted by them.
The current trends have been quantitatively analyzed and estimated for the period of 2016-2022 to highlight the financial competency of the market.
KEY PLAYERS
Bradley Corporation
GROHE
Little Giant
Kohler
Moen
Delta
Toto Ltd.
Gerber
American Standard
Sterling Faucet Company
OTHER PLAYERS IN THE MARKET
Culnat
Natphil Inc.
Water Matrix
Aquabrass
Dahl Brothers (Canada) Ltd
Fiberez Bathware
The Noble Co.
Matco-Norca
Rada Mechanical Products Ltd
Falcon Waterfree Technologies
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Luxury Plumbing Fixtures Market Key Segmentation:
By Type
Bathroom fixtures
Bathtub
Showerhead
Toilet
Others
Kitchen fixtures
Sink
Faucet
By End Use
Residential sector
Non-residential sector
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
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- Who are the major competitors in the market and what is their market share?
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