PUBLISHER: Grand View Research | PRODUCT CODE: 1727990
PUBLISHER: Grand View Research | PRODUCT CODE: 1727990
The global faucet market size is expected to reach USD 36.69 billion in 2030 and is projected to grow at a CAGR of 8.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth in the real estate industry eventually increasing the construction of residential and commercial buildings that require faucet installations is anticipated to fuel the growth of the market.
Due to urbanization, rapidly rising costs of houses and mortgage rates are influencing people to invest more in home-remodeling projects. Hence, this led to an increase in trendy and smart bathroom accessories and further drive the growth of the market for faucets. According to the American Housing Survey studied by Harvard's Joint Center for Housing Studies, the home improvement industry was estimated at USD 385 million in 2019.
The e-commerce distribution channel is witnessing momentum as the market players are focusing on marketing their products through different digital media platforms. The most commonly used digital mediums are social media accounts or pages and brand websites. Some of the major e-commerce sellers of faucets for kitchens, bathrooms, and other applications are Wayfair LLC, Hausera, Faucet Depot, and Amazon.
Prominent market players like Moen, Delta, and Kohler are offering pull-out and pull-down kitchen faucet technologies to gain substantial market share. These faucets offer hand wave technologies, clap technology, Wi-Fi technology, etc. for the convenience of the consumers and efficient water conservation technologies. The pull out and down kitchen faucets operate at restricted flow rates in an effort to save water as per government regulations.
The faucet industry is fragmented in nature with the presence of a large number of international players and a few regional players such as Kohler Co.; Kraus USA; American Standard Brands; GROHE America Inc.; Pfister; Delta Faucet Company; Moen Incorporated; Aqua Source Faucet.