The Faucet Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
Major Players are:
Moen Incorporated (United States),Franke Holding AG (Switzerland),Delta Faucet Company (United States),American Bath Group, LLC (United States),Gerber Plumbing Fixtures LLC (United States),Grohe America, Inc. (United States),The Jaquar Group (India),Kohler Co. (United States),ProFlo (India),TOTO LTD (Japan),American Standard Brands (United States),LIXIL Group Corporation (Japan)
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Faucet is used for delivering water from a plumbing system. It is used to start and stop the running water from the storage tanks to reduce water wastage. It is widely used in kitchens, bathrooms, gardens, hotels, and public places such as railways, airports, and bus stop. Faucets are designed to survive very harsh conditions, including thousands of on-off cycles every year and hard water mineral build-up, and still provide flawless service. There various types of faucets used based on the requirement where they will be fitted for instance, in utility sink faucets of single-handle or wall-mount is used. The innovations in designs and color in faucets have attracted consumer interest to have customized faucets that match their interiors of home and offices.
In May 2019, GRAFF launched M.E. Faucet Collection, developed in brass, featuring extremely low nickel and lead content. The product meet â€œgreenâ€ standards and complies with the most restrictive drinking water regulations as well the criteria required for the protection of health and the environment.
The titled segments and sub-section of the market are illuminated below:
Market by Type:
Manual Faucet,Electronic Faucet
Trend to Shift From Traditional Faucets to Sensor-based Faucets
Increasing Modernization of Home Bathrooms and Kitchens
Expanding Residential Sector in North America and Asia Pacific Regions
Increasing Number of Installation of Faucets in Commercial Places such as Hotels, Shopping Malls, and Other Public Areas
Years considered for this report:
- Historical Years: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2020-2025
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What benefits does AMA research study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
What are the market factors that are explained in the Faucet Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Key Questions Answered in the Report:
- How much is the Faucet MarketWorth?
- What is the Growth Rate of the Faucet Market?
- Which Segment ofthe Faucet to Hold the Highest Market Share?
- Which Segment ofthe Faucet Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Faucet Market?
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