Global Faucets & Taps - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

Study #: 3973 | Published: 01/2021 | Pages: 147 | Individual User License: US$ 3,900

Global demand for faucets and taps is forecast to rise 3.6% annually through 2024 to $18.6 billion. Following weakened global building construction activity in 2020 due to the COVID-19 pandemic and a subsequent decline in demand, the market is expected to rebound in 2021 as case numbers fall, economies reopen, and building activity returns to pre-pandemic levels. Through 2024, gains will be supported by:

  • growth in housing completions and nonresidential building construction, particularly in the Asia/Pacific region, by far the world’s largest market
  • rising nonresidential remodeling as commercial and retail spaces retrofit for COVID-19 safety with higher value touchless faucets
  • rising incomes and expanding access to water delivery and sanitation networks in developing markets
  • home improvement trends in developed markets calling for bathroom additions, kitchen expansions, and more aesthetic and better performing faucets to boost home value
  • government mandates or incentives in many countries driving adoption of water-efficient faucets and showerheads, which typically cost more than other types

New Construction Trends in Developing Countries Will Continue to Drive Gains

Growth in homebuilding activity and new nonresidential construction in developing countries will continue to drive gains, as rising incomes and expanding access to water delivery and sanitation networks in these areas allows opportunity for new sales. The Asia/Pacific region, led by China, will continue to account for the majority of global gains, while the Africa/Mideast region will see the fastest growth, with healthy outlooks for construction spending the key driver in each.

Rising Renovation Activity Will Support Growth in Developed Markets

As new construction is expected to stall in much of North America and Western Europe, demand growth in these developed faucet markets will be supported by rising renovation activity, which surged amid the COVID-19 pandemic and is expected to remain elevated. Upgrading faucets or showerheads is a popular DIY home renovation – an especially important trend in the US market – because it is relatively low cost and easy for nonprofessionals to do. Additionally, the pandemic has boosted commercial renovations such as faucet replacement in public restroom facilities, where higher value touchless faucets and other fixtures are increasingly installed because they improve their hygiene and sanitation.

Housing & Water Initiatives Continue to Bolster Sales

Global faucet demand will be boosted by clean water initiatives, such as India’s Swachh Bharat initiative, which are enabling more households in developing countries to install basic bathroom faucets for the first time. Additionally, government efforts to address substandard housing in large countries such as Brazil and Turkey will bolster demand as more of the population gains access to housing connected to water delivery and sanitation networks.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Demand by Region

Leading Country Markets

Demand by Market

Pricing Trends

Key Trends & Growth Opportunities

Sustainability & Water Conservation

Style & Aesthetics

Touchless Faucets & Smart Products

Market Share & Leading Producers

4. Product Types

Demand by Type

Bathroom Sink Faucets

Bathtub & Shower Faucets

Other Faucets (Kitchen, Bar, Utility Sink Faucets, Spigots)

5. North America

North America: Faucet & Tap Market Size

North America: Demand by Country

North America: Demand by Market & Type

United States

United States: Faucet & Tap Market Size

United States: Demand by Market & Type

Canada

Canada: Faucet & Tap Market Size

Canada: Demand by Market & Type

Mexico

Mexico: Faucet & Tap Market Size

Mexico: Demand by Market & Type

6. Central & South America

Central & South America: Faucet & Tap Market Size

Central & South America: Demand by Country

Central & South America: Demand by Market & Type

Brazil

Brazil: Faucet & Tap Market Size

Brazil: Demand by Market & Type

Other Central & South America

Other Central & South America: Faucet & Tap Market Size

Other Central & South America: Demand by Market & Type

7. Western Europe

Western Europe: Faucet & Tap Market Size

Western Europe: Demand by Country

Western Europe: Demand by Market & Type

Germany

Germany: Faucet & Tap Market Size

Germany: Demand by Market & Type

France

France: Faucet & Tap Market Size

France: Demand by Market & Type

United Kingdom

United Kingdom: Faucet & Tap Market Size

United Kingdom: Demand by Market & Type

Italy

Italy: Faucet & Tap Market Size

Italy: Demand by Market & Type

Spain

Spain: Faucet & Tap Market Size

Spain: Demand by Market & Type

Other Western Europe

Other Western Europe: Faucet & Tap Market Size

Other Western Europe: Demand by Market & Type

8. Eastern Europe

Eastern Europe: Faucet & Tap Market Size

Eastern Europe: Demand by Country

Eastern Europe: Demand by Market & Type

Russia

Russia: Faucet & Tap Market Size

Russia: Demand by Market & Type

Other Eastern Europe

Other Eastern Europe: Faucet & Tap Market Size

Other Eastern Europe: Demand by Market & Type

9. Asia/Pacific

Asia/Pacific: Faucet & Tap Market Size

Asia/Pacific: Demand by Country

Asia/Pacific: Demand by Market & Type

China

China: Faucet & Tap Market Size

China: Demand by Market & Type

India

India: Faucet & Tap Market Size

India: Demand by Market & Type

Japan

Japan: Faucet & Tap Market Size

Japan: Demand by Market & Type

South Korea

South Korea: Faucet & Tap Market Size

South Korea: Demand by Market & Type

Taiwan

Taiwan: Faucet & Tap Market Size

Taiwan: Demand by Market & Type

Other Asia/Pacific

Other Asia/Pacific: Faucet & Tap Market Size

Other Asia/Pacific: Demand by Market & Type

10. Africa/Mideast

Africa/Mideast: Faucet & Tap Market Size

Africa/Mideast: Demand by Country

Africa/Mideast: Demand by Market & Type

Turkey

Turkey: Faucet & Tap Market Size

Turkey: Demand by Market & Type

Other Africa/Mideast

Other Africa/Mideast: Faucet & Tap Market Size

Other Africa/Mideast: Demand by Market & Type

11. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Global Residential Building Construction Outlook

Global Nonresidential Building Construction Outlook


List of Tables

2. About This Report

Table 2-1 | Annual Global Faucet & Tap Demand by Product Type, 2019 - 2021 (million dollars)

Table 2-2 | Annual Global Faucet & Tap Demand by Market, 2019 - 2021 (million dollars)

3. Overview

Table 3-1 | Global Faucet & Tap Demand, 2009 - 2019 (million dollars)

Table 3-2 | Global Faucet & Tap Demand by Region, 2009 - 2029 (million dollars)

Table 3-3 | Global Faucet & Tap Demand by Market, 2009 - 2029 (million dollars)

4. Product Types

Table 4-1 | Global Faucet & Tap Demand by Type, 2009 - 2029 (million dollars)

Table 4-2 | Global Bathroom Sink Faucet Demand by Region, 2009 - 2029 (million dollars)

Table 4-3 | Global Bathtub & Shower Faucet Demand by Region, 2009 - 2029 (million dollars)

Table 4-4 | Other Faucet & Tap Demand by Region, 2009 - 2029 (million dollars)

5. North America

Table 5-1 | North America: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Table 5-2 | North America: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 5-3 | United States: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 5-4 | Canada: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million US dollars)

Table 5-5 | Mexico: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

6. Central & South America

Table 6-1 | Central & South America: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Table 6-2 | Central & South America: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 6-3 | Brazil: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 6-4 | Other Central & South America: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

7. Western Europe

Table 7-1 | Western Europe: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Table 7-2 | Western Europe: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 7-3 | Germany: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 7-4 | France: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 7-5 | United Kingdom: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 7-6 | Italy: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 7-7 | Spain: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 7-8 | Other Western Europe: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

8. Eastern Europe

Table 8-1 | Eastern Europe: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Table 8-2 | Eastern Europe: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 8-3 | Russia: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 8-4 | Other Eastern Europe: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

9. Asia/Pacific

Table 9-1 | Asia/Pacific: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Table 9-2 | Asia/Pacific: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 9-3 | China: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 9-4 | India: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 9-5 | Japan: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 9-6 | South Korea: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 9-7 | Taiwan: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million US dollars)

Table 9-8 | Other Asia/Pacific: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

10. Africa/Mideast

Table 10-1 | Africa/Mideast: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Table 10-2 | Africa/Mideast: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 10-3 | Turkey: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

Table 10-4 | Other Africa/Mideast: Faucet & Tap Demand by Market & Type, 2009 - 2029 (million dollars)

11. Appendix

Table 11-1 | Relevant Industry Codes

Table 11-2 | Relevant HTS Codes

Table 11-3 | Relevant NACE Codes

Table 11-4 | Countries in North America

Table 11-5 | Countries in Central & South America

Table 11-6 | Countries in Western Europe

Table 11-7 | Countries in Eastern Europe

Table 11-8 | Countries in the Asia/Pacific Region

Table 11-9 | Countries in the Africa/Mideast Region

Table 11-10 | Global Gross Domestic Product by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 11-11 | Global Population by Region & Country, 2009 - 2029 (million persons)

Table 11-12 | Global Residential Building Construction Expenditures by Region & Country, 2009 - 2024 (billion 2018 dollars)

Table 11-13 | Global Nonresidential Building Construction Expenditures by Region & Country, 2009 - 2024 (billion 2018 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | Faucets & Taps Global Market Outlook

2. About This Report

Figure 2-1 | Faucets & Taps: Product Examples

Figure 2-2 | Global Faucet & Tap Demand, 2009 - 2024 (million dollars)

3. Overview

Figure 3-1 | Global Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 3-2 | Global Faucet & Tap Demand by Region, 2009 - 2029 (million dollars)

Figure 3-3 | Global Faucet & Tap Demand: Leading Country Markets, 2019 (million dollars)

Figure 3-4 | Global Faucet & Tap Demand by Market, 2009 - 2029 (million dollars)

4. Product Types

Figure 4-1 | Global Faucet & Tap Demand by Type, 2009 - 2029 (million dollars)

5. North America

Figure 5-1 | North America: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 5-2 | North America: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Figure 5-3 | United States: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 5-4 | Canada: Faucet & Tap Demand, 2000 - 2019 (million US dollars)

Figure 5-5 | Mexico: Faucet & Tap Demand, 2000 - 2019 (million dollars)

6. Central & South America

Figure 6-1 | Central & South America: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 6-2 | Central & South America: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Figure 6-3 | Brazil: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 6-4 | Other Central & South America: Faucet & Tap Demand, 2000 - 2019 (million dollars)

7. Western Europe

Figure 7-1 | Western Europe: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 7-2 | Western Europe: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Figure 7-3 | Germany: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 7-4 | France: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 7-5 | United Kingdom: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 7-6 | Italy: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 7-7 | Spain: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 7-8 | Other Western Europe: Faucet & Tap Demand, 2000 - 2019 (million dollars)

8. Eastern Europe

Figure 8-1 | Eastern Europe: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 8-2 | Eastern Europe: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Figure 8-3 | Russia: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 8-4 | Other Eastern Europe: Faucet & Tap Demand, 2000 - 2019 (million dollars)

9. Asia/Pacific

Figure 9-1 | Asia/Pacific: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 9-2 | Asia/Pacific: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Figure 9-3 | China: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 9-4 | India: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 9-5 | Japan: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 9-6 | South Korea: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 9-7 | Taiwan: Faucet & Tap Demand, 2000 - 2019 (million US dollars)

Figure 9-8 | Other Asia/Pacific: Faucet & Tap Demand, 2000 - 2019 (million dollars)

10. Africa/Mideast

Figure 10-1 | Africa/Mideast: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 10-2 | Africa/Mideast: Faucet & Tap Demand by Country, 2009 - 2029 (million dollars)

Figure 10-3 | Turkey: Faucet & Tap Demand, 2000 - 2019 (million dollars)

Figure 10-4 | Other Africa/Mideast: Faucet & Tap Demand, 2000 - 2019 (million dollars)


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