Faucets Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Application, By Product Type, By End-User, By Region, and By Competition, 2020-2030F

Description

The Global Faucets Market will grow from USD 42.10 Billion in 2024 to USD 66.07 Billion by 2030 at a 7.8% CAGR. A faucet is a plumbing fixture designed to control the flow, temperature, and pressure of water from a pipe, primarily utilized in kitchens, bathrooms, and utility areas. The global faucets market's expansion is fundamentally driven by increasing urbanization, which fuels both new residential and commercial construction, alongside a rising emphasis on home renovation and aesthetic upgrades. Furthermore, growing awareness of hygiene and water conservation technologies also supports market growth.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 42.10 Billion
Market Size 2030	USD 66.07 Billion
CAGR 2025-2030	7.8%
Fastest Growing Segment	Electronic
Largest Market	Asia Pacific

Key Market Drivers

The surge in residential and commercial construction activities serves as a primary driver for global faucet market expansion, directly creating demand for new installations. Ongoing urbanization and population growth necessitate continuous residential development, establishing a fundamental requirement for faucets in kitchens, bathrooms, and utility areas. Concurrently, expanding commercial sectors like hospitality and healthcare generate substantial demand for diverse faucet products tailored to specific functional and aesthetic needs.

Key Market Challenges

Intense competition among numerous manufacturers presents a significant challenge to the global faucets market, directly fostering price sensitivity within consumer segments. A crowded marketplace often leads to product commoditization, where differentiation becomes difficult, compelling companies to compete primarily on cost. This dynamic reduces average selling prices and exerts continuous downward pressure on profit margins across the industry.

Key Market Trends

Increased demand for water-efficient designs is a significant market trend, driven by heightened environmental awareness and evolving regulatory frameworks that necessitate reduced water consumption across residential and commercial sectors. The plumbing industry demonstrates a strong commitment to water conservation. According to the International Association of Plumbing and Mechanical Officials (IAPMO), in July 2024, the Water Demand Calculator was adopted into the California Plumbing Code as an alternative pipe sizing method, demonstrating a tangible industrial effort to integrate water-saving practices into building standards.

Key Market Players

LIXIL Corporation
Sloan Valve Company
MASCO Corporation
Paini (UK) Ltd
Fortune Brands Innovations, Inc.
Roca Sanitario S.A.U.
TOTO Ltd.
Spectrum Brands Holding, Inc.
Danze, Inc.
Rohl LLC

Report Scope:

In this report, the Global Faucets Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Faucets Market, By Application:

Bathroom
Kitchen
Others

Faucets Market, By Product Type:

Electronic
Manual

Faucets Market, By End-User:

Residential
Commercial

Faucets Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Faucets Market.

Available Customizations:

Global Faucets Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Faucets Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application (Bathroom, Kitchen, Others)
- 5.2.2. By Product Type (Electronic, Manual)
- 5.2.3. By End-User (Residential, Commercial)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Faucets Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Product Type
- 6.2.3. By End-User
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Faucets Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application
    - 6.3.1.2.2. By Product Type
    - 6.3.1.2.3. By End-User
- 6.3.2. Canada Faucets Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application
    - 6.3.2.2.2. By Product Type
    - 6.3.2.2.3. By End-User
- 6.3.3. Mexico Faucets Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application
    - 6.3.3.2.2. By Product Type
    - 6.3.3.2.3. By End-User

7. Europe Faucets Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By Product Type
- 7.2.3. By End-User
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Faucets Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application
    - 7.3.1.2.2. By Product Type
    - 7.3.1.2.3. By End-User
- 7.3.2. France Faucets Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application
    - 7.3.2.2.2. By Product Type
    - 7.3.2.2.3. By End-User
- 7.3.3. United Kingdom Faucets Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application
    - 7.3.3.2.2. By Product Type
    - 7.3.3.2.3. By End-User
- 7.3.4. Italy Faucets Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application
    - 7.3.4.2.2. By Product Type
    - 7.3.4.2.3. By End-User
- 7.3.5. Spain Faucets Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application
    - 7.3.5.2.2. By Product Type
    - 7.3.5.2.3. By End-User

8. Asia Pacific Faucets Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By Product Type
- 8.2.3. By End-User
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Faucets Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application
    - 8.3.1.2.2. By Product Type
    - 8.3.1.2.3. By End-User
- 8.3.2. India Faucets Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application
    - 8.3.2.2.2. By Product Type
    - 8.3.2.2.3. By End-User
- 8.3.3. Japan Faucets Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application
    - 8.3.3.2.2. By Product Type
    - 8.3.3.2.3. By End-User
- 8.3.4. South Korea Faucets Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application
    - 8.3.4.2.2. By Product Type
    - 8.3.4.2.3. By End-User
- 8.3.5. Australia Faucets Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application
    - 8.3.5.2.2. By Product Type
    - 8.3.5.2.3. By End-User

9. Middle East & Africa Faucets Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By Product Type
- 9.2.3. By End-User
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Faucets Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application
    - 9.3.1.2.2. By Product Type
    - 9.3.1.2.3. By End-User
- 9.3.2. UAE Faucets Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application
    - 9.3.2.2.2. By Product Type
    - 9.3.2.2.3. By End-User
- 9.3.3. South Africa Faucets Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application
    - 9.3.3.2.2. By Product Type
    - 9.3.3.2.3. By End-User

10. South America Faucets Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By Product Type
- 10.2.3. By End-User
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Faucets Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application
    - 10.3.1.2.2. By Product Type
    - 10.3.1.2.3. By End-User
- 10.3.2. Colombia Faucets Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application
    - 10.3.2.2.2. By Product Type
    - 10.3.2.2.3. By End-User
- 10.3.3. Argentina Faucets Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application
    - 10.3.3.2.2. By Product Type
    - 10.3.3.2.3. By End-User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Faucets Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. LIXIL Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Sloan Valve Company
15.3. MASCO Corporation
15.4. Paini (UK) Ltd
15.5. Fortune Brands Innovations, Inc.
15.6. Roca Sanitario S.A.U.
15.7. TOTO Ltd.
15.8. Spectrum Brands Holding, Inc.
15.9. Danze, Inc.
15.10. Rohl LLC