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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 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.
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.
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.
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
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)
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)
© by The Freedonia Group, a division of MarketResearch.com