Plumbing Fixtures Market Size, Opportunities, Industry 2031

Report Description

The global plumbing fixtures market size was USD 96.79 Billion in 2022 and is likely to reach USD 152.75 Billion by 2031, expanding at a CAGR of 5.2% during 2023–2031. Emerging economies, changing lifestyle patterns of consumers, increasing standard of living associated with rising disposable income, and rising construction activities are boosting the market.

Fixtures are parts of the plumbing system that includes a sink, faucet, toilet, taps, showers, bathtub, etc. that are attached to a system of pipes that carry water through a building. A plumbing fixture is an exchangeable device that performs the primary functions of delivering and draining water from one end to another.

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The plumbing fixtures are made using smooth, non-absorbent, non-corrosive, and anti-microbial materials that promote easy cleaning. They are made from acrylic, polymers, fiberglass, cast iron, enamel, opulent waterproof wood, and equipped with overflows. Plumbing fixtures are installed in the drainage system of the kitchen, washroom, and bathroom of different commercial facilities, houses, schools, hospitals, and other buildings.

Plumbing Fixtures Market Trends, Drivers, Restraints, and Opportunities

• Rising importance of modern, stylish, fancy and elegant bathrooms and kitchens increases the demand for premium quality products among consumers. Thus, boosting the market.

• An increasing number of renovation activities and rising demand for building up-gradation are fueling the global plumbing fixtures market.  

• Growing demand for eco-friendly plumbing fixtures solutions to minimize the carbon footprints is driving the market. 

• Fluctuations in the prices of raw materials reduce the demand for plumbing fixtures among customers. Thus, hampering the market. 

• Stringent regulatory framework imposed by the government associated with the use of quality materials such as tin, lead, and nickel. Thus, restricting the market.

• Increasing focus by the manufacturers on product innovations is creating opportunities in the market.

• Growing investments in infrastructure facilities and increasing consumer spending on smart homes are generating opportunities in the market. 

Scope of Plumbing Fixtures Market Report

The report on the global plumbing fixtures market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Plumbing Fixtures Market Segment Insights

In terms of products, the global plumbing fixtures market is segmented into bathtubs, sinks, toilets, showers, faucets & taps, drains, and others. The bathtub segment is expected to hold a significant market share during the forecast period, due to the high adoption by residential buildings for gaining a luxuriant experience.

Moreover, the growing adoption by non-residential buildings such as hotels, spa resorts, and gyms to improve customer satisfaction by promoting their status is boosting the market. Additionally, increasing demand for bathtubs by healthcare rehabilitation centers for therapeutic purposes. However, the growth in the construction activities and increasing expenditure by the consumers is anticipated to propel the segment during the forecast period.

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On the basis of materials, the global plumbing fixtures market is segregated into cast iron, metal, plastic, and vitreous china. The plastic segment held a considerable share of the market in 2020, owing to benefits offered by plastic such as plastic can be molded in any shape as per customer's demand. The plastic plumbing fixtures are made from a wide range of polymers such as acrylic, fiberglass, and cast polymer.

Plastic-made plumbing fixtures include prefabricated-slip resistant surface coating and provide designing safety to the manufacturers. Moreover, plastic plumbing fixtures are gaining popularity among consumers. 

Based on modules, the plumbing fixtures market is fragmented into bathrooms, kitchens, and others. The bathroom segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The bathroom segment is expected to hold a significant share of the market during the forecast period, associated with the up-gradation of high-end technology.

The growing demand for visually appealing fixtures and smart lavatories, bathtubs, and showers are driving the segment. Moreover, rising awareness for water conservation increases the demand for water smartly plumbing fixtures among consumers, which is expected to support the growth of the segment during the forecast period.

In terms of applications, the plumbing fixtures market is classified as new buildings, renovated buildings, and repair & remodel. The new buildings segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period. The growth of the new buildings segment is attributed to the growing number of construction activities worldwide. These factors are anticipated to propel the segment during the forecast period.

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On the basis of distribution channels, the plumbing fixtures are divided into online and offline. The offline segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The growth in the offline segment is attributed to the consumer’s preference and trust in the traditional method of shopping.

As the plumbing fixtures are heavyweight which is not so feasible for long-distance delivers. Moreover, easy availability of a variety of products and high consumer prefers to visit stores for product customization, which is expected to support the growth of the segment during the forecast period.

Based on end-users, the plumbing fixtures market is segregated into non-residential buildings and residential buildings. The residential buildings segment held a considerable share of the market in 2020, due to the growing urbanization stimulating the construction of new houses.

The new building segment is expected to hold a significant share of the market during the forecast period, attributed to the increasing standard of living associated with rising disposable income is driving the global plumbing fixtures market.

In terms of regions, the global plumbing fixtures market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020, due to the growing number of construction activities in residential and non-residential sectors.

The market in the Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to the growing population and economic development in countries like India and China. Moreover, large numbers of construction projects are in progress such as the construction of hotels, restaurants, shopping complexes, malls, educational institutions, offices, airports, factories, railway stations, trains, schools, and other similar venues. These factors are anticipated to propel the market in Asia Pacific.

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