Plumbing Fixtures Market Worth $1,12,427 Million by 2023 | Key Segments, Benefits & Opportunity

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Plumbing Fixtures Market Worth ,12,427 Million by 2023 | Key Segments, Benefits & Opportunity

High investments in infrastructure facilities, rising disposable incomes and growing investments in smart homes and buildings are driving market growth.

PORTLAND, OR, UNITED STATES, October 26, 2021 /EINPresswire.com/ – The market for sanitary fittings in the Asia-Pacific region will grow during the forecast period due to increasing urbanization, high infrastructure facilities and. the strongest growing improvement in the living standards of consumers. In addition, the continued economic development in countries such as India, China and Australia is expected to provide the market with numerous growth opportunities.

The market for sanitary fittings grew to 75,042 million in 2016.

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The increase in consumer disposable income, the increase in urbanization and changing consumer lifestyle patterns, as well as the rise in the standard of living are fueling the introduction of bathroom and kitchen fixtures to the industry, thus driving the growth of the plumbing fixture market. In addition, the high growth in construction activity in Asia-Pacific regions such as India and China is expected to spur growth in the sanitary fittings market.

However, fluctuating raw material costs and regulatory requirements related to shower heads and faucets are expected to hamper the growth of the plumbing market. Various advances in plumbing technology and the introduction of water efficient plumbing systems such as flow taps and sensors and dual flush toilets, which help conserve largely fresh water, are expected to offer numerous opportunities in the plumbing fixture market.

Main advantages

The report provides an in-depth analysis of the global Sanitary Equipment Market size to identify potential investment pockets.

The most important drivers, obstacles and opportunities as well as their detailed impact analysis were explained.

Porter’s Five Forces model assists in the analysis of the potential buyers and suppliers and the competitive outline of the global Sanitary Equipment market that is expected to guide market participants in developing appropriate strategies.

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Important market participants

Kohler Co
Globe Union Industrial Corporation
Lixil Group Corporation
Toto GmbH,
Masco Corporation
MAAX Holdings, Inc.
Hansgrohe
Roca plumbing
Bradley Corporation
Elkay production company

Important market segments

According to device type

Bathtubs
Shower heads
Faucets
Toilets / urinals
Others (bidets, hand showers, valves)

After kitchen faucets

sink
Faucets

According to end user

Residential
Non-living area

According to geography

North America
Europe
Asia Pacific
LAMEA

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David Correa
Allied Analytics LLP
+1 8007925285 extension
email us here
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October 26, 2021, 05:43 GMT


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