According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3 percent. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global plumbing component market is projected to grow at a compound annual growth rate (CAGR) of 5.3% during the forecast period 2021-2027, according to the new report published by our report Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global plumbing component market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.
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The plumbing component market is segmented on the basis of product type, end user, application, and region. The plumbing component market is segmented as below:
By Product Type:
fittings
manifold
pipes
valves
others
By End User:
nonresidential
residential
By Application:
bathtubs
faucets
showerheads
others
By Region:
region
Asia-Pacific
Europe
North America
Middle East and Africa (MEA)
South America
The plumbing component industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the plumbing component market. Some of the leading players profiled in the report include Aalberts N.V., Finolex Cables Ltd., McWane, Inc., Mueller Industries, Inc., NUPI Industrie Italiane S.p.A., Reliance Worldwide Corporation Limited, Uponor Oyj, among others.
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Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
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