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The size of the global market for kitchen faucets was USD 6,935.9 million in 2022 and is anticipated to grow to USD 11,612.9 million by 2030, registering a CAGR of 9.3% from 2023 to 2030.
The global market for kitchen faucets is now booming, with traditional kitchen faucet providers concentrating on creating cutting-edge faucets that will attract a sizable client base and facilitate the market's expansion. Customers are demanding modern kitchens, thus market participants who supply faucets are now concentrating on producing faucets that satisfy the demand for increased quality, durability, and attractiveness. Additionally, the demand for luxury homes has increased as a result of rising spending on renovations and luxury homes due to changing consumer preferences and bettering lifestyles. Customers frequently choose the bar faucet even if kitchen faucets are more user-friendly and less expensive. The market expansion of kitchen faucets will be accelerated by this trend, which is driving up demand for kitchen faucets.
The need for various faucets has grown as a result of the increasing desire for modern, modular kitchens and for multifunctional plumbing fittings with attractive features. People are growing increasingly concerned about hand wash hygiene, which has led to a rise in the use of touch-activated faucets, which are significantly more hygienic. Additionally, homeowners are spending more on home improvements and kitchen remodeling, and they are increasingly choosing environmentally friendly options that will be more affordable in the long run. In response to customer demand on online platforms, several key retailers are also attempting to upgrade their storefronts with eco-friendly and sustainable goods, which is likely to drive kitchen faucets market growth by 2032.
Globally, consumers are calling for kitchen faucets that are more advanced, practical, and environmentally friendly. Electronic water fixtures are establishing new norms and trends in the residential market. As a result, the plumbing sector is heavily focusing on technological advancement. Due to the use of sensor technology in their development, hands-free faucets have become the industry standard. Additionally, because they conserve water and have a long battery life, hands-free faucets are likely to be embraced by many consumers during the forecast period. The user can do duties without physically turning the handle on a faucet thanks to sensors and modern technologies. In a similar vein, energy savings are also a result of hands-free faucets. The end customers, however, are more drawn to this kind of sophisticated kitchen faucet. Additionally, it is anticipated that the hands-free faucet will experience strong growth between 2023 and 2030.
The global shift in people's lives is one of the major factors driving the growth of the kitchen faucets market. The industry is expanding as a result of rising demand for functional kitchens, increased use of contemporary kitchens, and aesthetic appeal. Customers' preferences for simplicity of use, comfort, and compactness when purchasing items as well as the availability of various material and design combinations to satisfy consumer demand for customized faucets all have an impact on the market. The adoption of e-commerce sales channels, intelligent strategic marketing initiatives, the rise in disposable income, the introduction of sensors and other functions into the product, and changing consumer preferences are other factors that favorably affect the market for kitchen faucets. Additionally, the development of smart products for smart user experiences will present profitable prospects for market participants from 2022 to 2029.
The market for kitchen faucets is increasing, and established kitchen faucet manufacturers are focusing on developing cutting-edge faucets that will draw a sizable customer base and promote market expansion. As a result of consumer desire for modern kitchens, industry players who manufacture faucets are now focusing on creating faucets that meet the demand for higher quality, durability, and appeal. Additionally, as a result of rising refurbishment and luxury home spending as a result of shifting consumer preferences and improved lifestyles, the demand for luxury homes has surged. Even though kitchen faucets are easier to operate and less expensive, customers typically pick them. This tendency is increasing demand for kitchen faucets and will speed up the market expansion of such products.
Report Coverage
Global Kitchen Faucets research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Kitchen Faucets report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Kitchen Faucets competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Kitchen Faucets market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Kitchen Faucets market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Kitchen Faucets market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Lixil Group (Japan), Toto Ltd. (Japan), INAX (Japan), Kohler Co. (US), Moen Incorporated (US), GESSI SPA (US), LATOSCANA (US), Matco-Norca (US), Pfister (US), Delta Faucet Company (US), Chicago Faucets (US), American Standard (US), Elkay (US), Waterstone Faucets (US), VIGO Industries (US), Peerless Faucet Company (US), House of Rohl (US), Hansgrohe SE (Germany), Dornbracht (Germany), Kludi GmbH & Co. KG (Germany), Grohe (Germany), Villeroy Boch (Germany), DAMIXA (Denmark), HCG (Philippines), Chung Cheng Faucet Company (Taiwan), Globe Union Industrial Corp. (Taiwan), ROCA (Spain)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Kitchen Faucets market based on the below-mentioned segments:
Global Kitchen Faucets Market, By Product
Pull-Down Faucet
Pull-Out Faucet
Hands-Free
Bar Faucets
Pot Filters
Faucet with Side Spray
Others
Global Kitchen Faucets market, By Material
Chrome
Stainless Steel
Bronze
Plastic
Others
Global Kitchen Faucets Market, By Installation Type
Deck Mount
Wall Mount
Global Kitchen Faucets market, Regional Analysis
The global market for kitchen faucets is now booming, with traditional kitchen faucet providers concentrating on creating cutting-edge faucets that will attract a sizable client base and facilitate the market's expansion. Customers are demanding modern kitchens, thus market participants who supply faucets are now concentrating on producing faucets that satisfy the demand for increased quality, durability, and attractiveness. Additionally, the demand for luxury homes has increased as a result of rising spending on renovations and luxury homes due to changing consumer preferences and bettering lifestyles. Customers frequently choose the bar faucet even if kitchen faucets are more user-friendly and less expensive. The market expansion of kitchen faucets will be accelerated by this trend, which is driving up demand for kitchen faucets.
The need for various faucets has grown as a result of the increasing desire for modern, modular kitchens and for multifunctional plumbing fittings with attractive features. People are growing increasingly concerned about hand wash hygiene, which has led to a rise in the use of touch-activated faucets, which are significantly more hygienic. Additionally, homeowners are spending more on home improvements and kitchen remodeling, and they are increasingly choosing environmentally friendly options that will be more affordable in the long run. In response to customer demand on online platforms, several key retailers are also attempting to upgrade their storefronts with eco-friendly and sustainable goods, which is likely to drive kitchen faucets market growth by 2032.
Globally, consumers are calling for kitchen faucets that are more advanced, practical, and environmentally friendly. Electronic water fixtures are establishing new norms and trends in the residential market. As a result, the plumbing sector is heavily focusing on technological advancement. Due to the use of sensor technology in their development, hands-free faucets have become the industry standard. Additionally, because they conserve water and have a long battery life, hands-free faucets are likely to be embraced by many consumers during the forecast period. The user can do duties without physically turning the handle on a faucet thanks to sensors and modern technologies. In a similar vein, energy savings are also a result of hands-free faucets. The end customers, however, are more drawn to this kind of sophisticated kitchen faucet. Additionally, it is anticipated that the hands-free faucet will experience strong growth between 2023 and 2030.
The global shift in people's lives is one of the major factors driving the growth of the kitchen faucets market. The industry is expanding as a result of rising demand for functional kitchens, increased use of contemporary kitchens, and aesthetic appeal. Customers' preferences for simplicity of use, comfort, and compactness when purchasing items as well as the availability of various material and design combinations to satisfy consumer demand for customized faucets all have an impact on the market. The adoption of e-commerce sales channels, intelligent strategic marketing initiatives, the rise in disposable income, the introduction of sensors and other functions into the product, and changing consumer preferences are other factors that favorably affect the market for kitchen faucets. Additionally, the development of smart products for smart user experiences will present profitable prospects for market participants from 2022 to 2029.
The market for kitchen faucets is increasing, and established kitchen faucet manufacturers are focusing on developing cutting-edge faucets that will draw a sizable customer base and promote market expansion. As a result of consumer desire for modern kitchens, industry players who manufacture faucets are now focusing on creating faucets that meet the demand for higher quality, durability, and appeal. Additionally, as a result of rising refurbishment and luxury home spending as a result of shifting consumer preferences and improved lifestyles, the demand for luxury homes has surged. Even though kitchen faucets are easier to operate and less expensive, customers typically pick them. This tendency is increasing demand for kitchen faucets and will speed up the market expansion of such products.
Report Coverage
Global Kitchen Faucets research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Kitchen Faucets report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Kitchen Faucets competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Kitchen Faucets market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Lixil Group (Japan), Toto Ltd. (Japan), INAX (Japan), Kohler Co. (US), Moen Incorporated (US), GESSI SPA (US), LATOSCANA (US), Matco-Norca (US), Pfister (US), Delta Faucet Company (US), Chicago Faucets (US), American Standard (US), Elkay (US), Waterstone Faucets (US), VIGO Industries (US), Peerless Faucet Company (US), House of Rohl (US), Hansgrohe SE (Germany), Dornbracht (Germany), Kludi GmbH & Co. KG (Germany), Grohe (Germany), Villeroy Boch (Germany), DAMIXA (Denmark), HCG (Philippines), Chung Cheng Faucet Company (Taiwan), Globe Union Industrial Corp. (Taiwan), ROCA (Spain) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Kitchen Faucets Market from 2021 to 2030.
- Market Forecast for Kitchen Faucets Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Kitchen Faucets competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Kitchen Faucets
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Kitchen Faucets market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Kitchen Faucets market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Lixil Group (Japan), Toto Ltd. (Japan), INAX (Japan), Kohler Co. (US), Moen Incorporated (US), GESSI SPA (US), LATOSCANA (US), Matco-Norca (US), Pfister (US), Delta Faucet Company (US), Chicago Faucets (US), American Standard (US), Elkay (US), Waterstone Faucets (US), VIGO Industries (US), Peerless Faucet Company (US), House of Rohl (US), Hansgrohe SE (Germany), Dornbracht (Germany), Kludi GmbH & Co. KG (Germany), Grohe (Germany), Villeroy Boch (Germany), DAMIXA (Denmark), HCG (Philippines), Chung Cheng Faucet Company (Taiwan), Globe Union Industrial Corp. (Taiwan), ROCA (Spain)
Primary Target Market
- Market Players of Kitchen Faucets
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Kitchen Faucets market based on the below-mentioned segments:
Global Kitchen Faucets Market, By Product
Pull-Down Faucet
Pull-Out Faucet
Hands-Free
Bar Faucets
Pot Filters
Faucet with Side Spray
Others
Global Kitchen Faucets market, By Material
Chrome
Stainless Steel
Bronze
Plastic
Others
Global Kitchen Faucets Market, By Installation Type
Deck Mount
Wall Mount
Global Kitchen Faucets market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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