市場調查報告書
商品編碼
1446337
水龍頭市場評估:按產品類型、安裝類型、使用材料、類型、飾面類型、應用、最終用戶、分銷管道和地區劃分的機會和預測(2017-2031)Faucet Market Assessment, By Product Type, By Installation Type, By Material Used, By Type, By Finish Type, By Application, By End-user, Distribution Channel, By Region, Opportunities and Forecast, 2017-2031F |
全球水龍頭市場規模將從2023年的287億美元增長到2031年的467.9億美元,在2024年至2031年的預測期內複合年增長率為6.3%。預計將會增長。
市場在整個建築、住房、家具和管道行業中都確立了其重要性,並在家居裝飾、美觀和實用性方面發揮著重要作用。 全球水龍頭市場展示了滿足工業、商業和住宅空間需求的基本功能和產品創新。
推動全球水龍頭市場成長的主要因素之一是家庭和商業機構(如餐廳、咖啡館和飯店)越來越多地建造和採用模組化廚房。 尤其是在已開發地區,越來越多的住宅和商業場所正在建造美觀和現代化的浴室,其中模組化廚房和浴室的趨勢在美洲和歐洲的發達地區更為明顯。
感應水龍頭席捲市場
感應水龍頭最初用於酒店和高檔住宅區,但現在已成為大多數行業廣泛使用的常見水龍頭類型,包括私人、公共、商業和家居環境。 非接觸式、感測器和語音輔助水龍頭正在改變市場面貌。 在人工智慧的幫助下,水龍頭的持續創新正在使家庭供水系統更安全、更環保、更有效率。 "智慧" 截止閥的創新等技術進步正在成為一種趨勢,這種截止閥使用感測器技術來連續監測水流、壓力和環境溫度,並且需求正在激增。
人工智慧和技術的進步將改變市場
隨著智慧家庭技術徹底改變市場,人工智慧正在推動市場發展。 當偵測到洩漏時,創新的關閉系統會自動暫停家中主供水管的供水,從而監控和保護您的家。 這些水龍頭連接到 WiFi,可以透過人工智慧應用程式使用語音命令或點擊應用程式螢幕進行控制。 它可以隨時隨地進行控制,增加了消費者的便利性。
北美主導全球水龍頭市場
北美主導全球水龍頭市場。 透過創新和技術進步,北美正在讓世界了解其存在。 北美製造商不斷擴大其產品線,並在現有產品系列中引入新產品,從而鞏固其在全球市場的地位。 隨著對尖端解決方案和產品擴展地位的日益關注,北美已成為塑造全球水龍頭市場的關鍵參與者。 此舉反映了該地區致力於始終走在行業不斷變化的需求前沿的承諾。
本報告調查了全球水龍頭市場,提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構以及影響市場成長的因素分析、案例研究、競爭格局、簡介關鍵公司等。
Global faucet market is projected to witness a CAGR of 6.3% during the forecast period 2024-2031, growing from USD 28.7 billion in 2023 to USD 46.79 billion in 2031. The market has established its significance in the overall construction, housing, furnishing, and plumbing industry, playing a crucial role in home decoration, aesthetics and utility. Global faucet market is at a standpoint of functionality and product innovation vital in fulfilling the needs of industrial, commercial, and residential spaces.
Global faucet market has evolved drastically in past decades in terms of both design and materials along with the integration of modern technologies. The market offers a lot of options for different end-users depending upon the materials used, such as plastic, brass, stainless steel and others, in different designs and finishes like chrome, gold, and matte among others, complementing their kitchens and bathrooms. Technology has its fair share in global faucet market providing smart technologies like touchless operations, sensor integration, and compatibility with home systems, reflecting the market development complementing modern living.
Global faucet market is a standpoint where it offers both bathroom and kitchen faucet solutions to every consumer depending upon income, personal taste, and regional factors. The market is flooded with faucets that fulfil their basic functionality, coming at prices as low as possible, and faucets with European designs and aesthetics that serve middle-class people or commercial users and then high-end faucets that come with multiple features and operability serving high-end consumers and end-users.
For instance, Delta Faucet debuted its brand-new line of products providing human-centric solutions, in January 2023. The launch of new products included Delta Stream Scape Steam Shower Series, Tetra Bath Collection, and Pull-down Bath Faucet.
Faucets that Fit Modern Kitchen and Bathroom Design
One of the major factors that drive the growth of global faucet market is growing construction and adoption of modular kitchens at home and in commercial places like restaurants, cafes, and hotels. More residential and commercial segment stakeholder are constructing aesthetic and modern bathrooms especially in developed regions whereas the trend of modular kitchens and bathrooms has been evident in the developed regions of the Americas and Europe.
Faucet being an important aspect of fitting and fixtures, enhance the appeal and luxury of homes, generating huge demand. Many consumers prefer sleek, minimalist, and elegant designs of faucet in their kitchens, bathrooms, etc., which enhances the style and feel of the ambience. The new designs launched in kitchen sinks are under-mount sinks, farmhouse sinks, and self-rimming composite sinks. The farmhouse sinks, developed with apron front designs, are gaining popularity for their rustic and more traditional look.
In June 2022, Hansgrohe, a maker of bathroom and kitchen fittings, launched a new tap line called 'Finoris' under its premium brand hansgrohe. The faucets have a pull-out spray with two spray modes, PowderRain and laminar spray, and are built with a basic design and maximum flexibility. The line has been created to meet all potential requirements that can be associated with a washbasin, where the design and operation of a faucet is critical.
Sensor Faucets Dominate the Market
Sensor faucets were initially being used in hotels and luxury sites, but now, they have become a common faucet type that is widely being used across most of the sectors, whether private, public, commercial, or household. Touchless, sensor and voice assistance tap are changing the face of the market. Continuous innovation in faucets with the help of artificial intelligence, has made home water systems safer, greener, and more efficient. Technological advancements like the innovation of a "smart" shutoff valve which continuously monitors water flow rate, pressure, and ambient temperature using sensor technology have become a thing and are seeing a surge in the demand.
Competitors are bringing new technology and updating some or the other feature. One such example is Fortune Brands Home & Security, Inc.'s brand, Moen's completely touchless smart faucet. Moen Smart Faucet is first-of-its-kind in the world and is touchless with Motion Control. It was launched by the company in August 2022. The product has a motion control feature that uses new sensor technology which allows consumers to turn water on and off along with a temperature control system without touching the faucet. The product is a game-changer, which has a fully integrated system that controls water throughout the entire home, and monitors water usage, detects leaks in pipes, and automatically shuts off the leakage of water before any damage.
AI and Technological Advancement Changing the Face of the Market
Artificial Intelligence is driving the market as smart home technology is revolutionizing the market. The revolutionary shutoff valve system monitors and protects the houses by automatically pausing the water supply through the home's main supply line whenever it detects a leak. These faucets are connected to WiFis and can be controlled by artificial intelligence apps just by a voice command or a click on the app screen. They can be controlled from anywhere and anytime. It increases the convenience for the consumers.
In January 2021, Samsung made the headlines with the launch of its first smart faucet. The faucet is AI enabled with Wi-Fi connectivity and voice controls. It was marketed by the company, stating that it collects data on the usage of water and has a self-sanitizing mechanism. Additionally, it has a four-level filtration system and claims to purify 2,500 litres of water which is enough amount for a four persons family. The company believed that the product caters to the problem of convenience, mitigation and health risks, enhanced efficiencies, and cost effectiveness, and enables stewardship. Moreover, being able to be controlled through Google Assistant and Amazon's Alexa, the faucet has the potential of dispensing water in precise amounts.
North America Dominates the Global Faucet Market
North America is dominating the faucets market globally. With the rise in innovations and technological advancements, North America has made its mark in the world. As manufacturers in North America consistently broaden their product lines, introducing new additions to existing ranges, they are solidifying their presence in the market, globally. With the increased focus on cutting-edge solutions and product expansion positions, North America has been a key player in shaping the market of faucets worldwide. The trend reflects the region's commitment to stay at the forefront of the evolving demands in the industry.
One such example is the launch of LIXIL Group's brand, GROHE's latest Lineare faucets in February 2023. Lineare's cosmopolitan collection is aesthetic, minimalist and highly inviting. The line is developed around two minimal geometric designs; the cylindrical bodies and thin rectangular forms of the spout and handle that create beautiful and harmonious compositions. The thin rectangular design of the spout and the lever extend in parallel from the cylindrical body.
Future Market Scenario (2024 - 2031F)
An innovation in the material of faucets will be seen in the coming future along with unique designs including minimalist and sleek designs.
More sustainable and environmentally friendly features in the design of the faucets will be seen. Usage of energy and resource efficient technology, recycled materials, and water-saving functionalities will witness a surge in demand.
Evolution in the style of the faucets will be considered by the brands to enhance the quality of the faucets and make their products more durable.
With the rise in global water quality concerns and increase in the awareness of the depletion of water resources, innovation of faucets with advanced filtration systems will be catered for by the manufacturers.
Key Players Landscape and Outlook
Key participants are continuously innovating their products range and providing advanced and improved solutions to their customers. In March 2022, BLANCO GmbH & Co. KG, the premium kitchen solutions brand supported by industry-leading German engineering, revealed two new metal tap finishes: striking Matte Black and opulent Satin Gold. The new products complement the brand's existing line of metal and SILGRANIT(R) tap finishes, which are all designed to complement BLANCO's portfolio of Silgranit, Stainless Steel and Fireclay sinks for a complete BLANCO UNIT.
Kohler Co. announced the launch of Avant-Garde New Faucet, Formation 01 faucet, in September 2023. Kohler's advanced development of a custom channel of water allows the delivery of water through the sharp angles of the faucet. The dynamics of the fluid required by the shape and angles of the faucet ask for a precise control of pressure.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.