Global Kitchen Faucets Market Size, Share, Growth Analysis, By Technology(Smart faucets with sensors and water-saving), By Type(Single-handle, double-handle)

Description

Global Kitchen faucets market size was valued at USD 6 billion in 2022 and is poised to grow from USD 6.57 billion in 2023 to USD 13.58 billion by 2031, at a CAGR of 9.5% during the forecast period (2024- 2031).

The kitchen faucets market worldwide is growing steadily because more people are moving to cities, renovating their homes, and caring more about saving water. People want faucets that look good and work well, so they're interested in ones that are stylish and have cool technology like sensors and water-saving features. Also, materials and finishes that are good for the environment are becoming more popular. Companies are working on making new and better products to keep up with what customers want. North America, Europe, and Asia-Pacific are important regions where the market is growing.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Kitchen faucets Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Kitchen faucets Market Segmental Analysis

The global kitchen faucets market is segmented on the basis of type, technology, and region. By type, it includes single-handle, double-handle, touchless, and pull-out faucets. By Technology, the market is segmented into smart faucets with sensors and water-saving features. By Region, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

Drivers of the Global Kitchen faucets Market

The worldwide trend of renovating homes, which is happening because people have more money to spend and their tastes are changing, has been a big reason why the kitchen faucets market is growing. When homeowners want to make their kitchens look newer and more modern, they often swap out their old faucets for fancier ones that look better and have cool features.

Restraints in the Global Kitchen faucets Market

High-quality kitchen faucets with fancy features and designs can be pretty expensive. This price might stop people who are careful about spending money from buying these faucets, especially in places where people don't have a lot of extra money or where the economy is uncertain.

Market Trends of the Global Kitchen faucets Market

The market for kitchen faucets was seeing more and more demand for cool and new features. These features included things like touchless technology, sensors that detect motion, being able to control the faucet with your voice, and using apps to control it. People were really interested in faucets that made life easier and more hygienic, letting them turn the water on and off without touching the handles. Also, it was becoming common for faucets to work with smart home systems, so you could control them from your phone or smart speaker even when you're not near the sink.

Product Code: SQMIG15J2052

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Kitchen Faucets Market by Technology

Market Overview
Smart faucets with sensors and water-saving

Global Kitchen Faucets Market by Type

Market Overview
Single-handle
double-handle
touchless
and pull-out faucets

Global Kitchen Faucets Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Moen - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Delta Faucet - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kohler - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Grohe - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
American Standard - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hansgrohe - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
TOTO - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pfister - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vigo Industries - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Franke - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Brizo - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rohl - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Blanco - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Elkay - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Houzer - South Korea
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kraus - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Danze - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
KWC - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aquabrass - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jaclo - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Kitchen Faucets Market Size, Share, Growth Analysis, By Technology(Smart faucets with sensors and water-saving), By Type(Single-handle, double-handle) - Industry Forecast 2024-2031