DUBLIN–(BUSINESS WIRE)–The “Plumbing Fittings and Fixtures – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Plumbing Fittings and Fixtures estimated at US$81.8 Billion in the year 2020, is projected to reach a revised size of US$106.4 Billion by 2026, growing at a CAGR of 4.4% over the analysis period.
Bathroom Fixtures & Fittings, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$53.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Kitchen & Sink Fixtures & Fittings segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.8 Billion in 2021, While China is Forecast to Reach $28.8 Billion by 2026
The Plumbing Fittings and Fixtures market in the U.S. is estimated at US$17.8 Billion in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of US$28.8 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Higher emphasis on personal hygiene and cleanliness, and new building projects along with renovation programs contribute significantly to plumbing fittings & fixtures demand in the US. Rapid pace of industrialization, sustained increase in manufacturing/industrial activity, economic growth, improving living standards, and increase in discretionary spends, along with rising construction activity spur growth in the Asia-Pacific region.
Select Competitors (Total 374 Featured) –
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4k5u2i.
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