Global Plumbing Fixtures & Fittings by Product and Market, 6th Edition

Growth in Building Construction Activity to Boost Gains for Plumbing Products

Global Plumbing

Construction spending directly drives gains for plumbing products, as a wide variety of fixtures and fittings are installed in newly constructed buildings or as replacements in existing structures. Sustained growth in building construction activity in the large plumbing product markets of North America and Asia/Pacific will help fuel overall sales advances. Rebounding construction spending in Europe will further boost global demand.

Key Findings in the Global Plumbing Products Study:

Residential Improvement & Repair Segment to Account for Largest Share of Growth

The residential improvement and repair market accounted for the largest share of world plumbing products demand in 2016, and is forecast to remain the largest application in 2021. The need to replace existing fixtures and fittings will drive gains, particularly in areas with large and aging housing stocks. Additionally, rising income levels will allow more homeowners to undertake kitchen and bathroom renovation projects and use more expensive plumbing products, boosting value gains.

China to Remain Largest National Market

China averaged nearly double-digit annual growth in plumbing product demand over the past decade and will continue to record above-average gains going forward. The country has the largest building stock in the world, supporting considerable replacement demand for fixtures and fittings. Additionally, new housing completions are forecast to rebound through 2021, driving market increases for associated plumbing products.

Large United States Market to Record Healthy Gains

Growth in demand for plumbing products in the large US market will be spurred by new home construction and increased homeowner interest in kitchen and bathroom remodeling projects. An ongoing trend toward larger kitchens and more bathrooms in new homes will further boost plumbing products demand, as will rising construction spending on plumbing-intensive commercial buildings such as schools and healthcare facilities.

Rising Access to Water and Sanitation to Boost Plumbing Products

Government efforts to increase access to clean water and sanitation services in developing countries will stimulate demand for various plumbing fixtures and fittings used to transport water and waste. This will have the greatest impact in the Asia/Pacific and Africa/Mideast regions, where a sizeable share of the population lacks access to clean water and sanitation services.

Study Coverage

This industry study presents historical demand (2006, 2011, 2016) and forecasts for 2021 by product (fixtures, which include bathtubs and showers, toilets, sinks, and other; and fittings, which include lavatory fittings, bathtub and shower fittings, kitchen and other sink fittings, and other), market (new residential, residential improvement and repair, new commercial, commercial improvement and repair), region, and country. The study also analyzes the structure of the global plumbing products industry and presents market share in dollar terms for the world’s leading suppliers, including Duratex, Duravit, Dusholux, Fortune Brands, Geberit, Globe Union, Ideal Standard, Jacuzzi Brands, Kohler, LIXIL, Masco, Roca, TOTO, and Villeroy & Boch.

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