Plumbing Fixtures Market worth $139.4 billion by 2027

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Plumbing Fixtures Market worth 139.4 billion by
2027
The report "Plumbing Fixtures Market by Material
(Vitreous China, Metal, Plastics), Product
(Bathtub Shower Fixtures and Fittings, Sink
Fixtures Fittings, Toilet Fixtures Fittings),
Application (Renovated, New Buildings), End-Use -
Forecast to 2027", The plumbing fixtures
fittings market is projected to reach USD 139.4
Billion by 2027. 
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Introduction
The plumbing fixtures fittings market size is
estimated to grow from USD 86.5 billion in 2018
to USD 139.4 billion by 2027. Factors such as
increasing demand in Asia-Pacific due to rapid
urbanization, building renovations due to
disasters and upgradations,  rising construction
activities in emerging economies, and large-scale
investment in industrial and infrastructure
sectors are some of the drivers for the growth of
the plumbing fixtures fittings market.  
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Market Drivers

• Residential buildings to gain maximum traction
  during the forecast period
• The residential buildings segment dominated the
  market in 2018 and is projected to be the
  fastest-growing end-user industry in the next
  five years, as a result of the rising
  urbanization and changing lifestyle inclined
  toward new designs and better technology in
  homes. The residential market is projected to
  grow at the highest rate due to the rise in new
  and existing housing completions. Furthermore,
  the non-residential segment is projected to be
  the second fastest-growing end-use industry due
  to the rising demand from commercial buildings
  such as hotels, gyms, and spa resorts.
• Plastics as a raw material to play a key role in
  the plumbing fixtures fittings market
• The report defines and segments the plumbing
  fixtures fittings market on the basis of raw
  material into vitreous china, metal, and
  plastics. The vitreous china segment is projected
  to contribute the largest market share as it is
  the most economical material for domestic
  fixtures such as toilet bowls, urinals, and
  washbasins. Plastic plumbing fixtures fittings,
  made from a wide range of polymers such as
  fiberglass, cast polymer, and acrylic, is
  projected to grow at the highest rate from 2018
  to 2027.

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Key Participants
The global market for plumbing fixtures
fittings is dominated by players such as Geberit
AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc.
(U.S.), Masco Corporation (U.S.), LIXIL Group
Corporation (Japan), Fortune Brands Home
Security, Inc. (U.S.), TOTO Ltd (Japan), Roca
Sanitario, S.A. (Spain), Elkay Manufacturing
Company (U.S.), and MAAX Bath Inc. (Canada).
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On The Basis Of Region
The Asia-Pacific region led the market in 2018
due to its large population and its proven
identity of a major manufacturing hub that offers
production opportunities at affordable costs to
companies. As plumbing fixtures fittings are
used widely in residential and non-residential
buildings, the Asia-Pacific region, which is
witnessing major growth in these sectors as well,
has become a large market for these packaging
solutions. This was followed by North America,
which was the second-largest market for plumbing
fixtures fittings followed by RoW and Europe.
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• Most-detailed market segmentation in the industry
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• Market data for segments such as technologies,
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• High level analysis of major market segments and
  identification of opportunities.

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