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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Kitchen Faucets Market Outlook
The global kitchen faucets market is expected to grow at a CAGR of 6% between 2024 and 2032.
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Growing Demand for Modernised Kitchens to Boost the Market Growth of Kitchen Faucets
The global market for kitchen faucets is now booming in the global plumbing industry, with conventional suppliers of kitchen faucets focusing on producing advanced faucets that will draw a huge customer base and enable the growth of the market for kitchen faucets. Due to the customer demand for modern kitchens, industry players who cater to the faucet market are now focusing on the production of faucets that meet the demand for improved quality, durability, and appearance. In addition, constantly evolving customer tastes, along with improving lifestyles, have increased spending in luxury homes and refurbishment, thereby adding to the market demand. Since kitchen faucets are easier to use and less costly, the bar faucet is often favored by customers. This trend is fueling the demand for kitchen faucets, which in turn would enhance the market growth of kitchen faucets.
Kitchen Faucets: Market Segmentation
Faucets are devices that are used to regulate water flow in a plumbing system. They are usually used in the kitchen, bathroom, and other places where water is needed at regular intervals. Faucets are available in a wide range of designs, shades, and finishes to satisfy diverse customer needs.
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By type, the market is divided into:
- Pull-Down Faucet
- Pull-Out Faucet
- Hands-Free
- Bar Faucets
- Pot Filters
- With Sprayer
- Others
On the basis of installation type, the market is segmented into:
- Deck Mount
- Wall Mount
Based on faucet holes, the market is bifurcated into:
- One
- Two
- Three
- Four
By material type, the market is divided into:
- Chrome
- Stainless Steel
- Bronze
- Plastic
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The Adoption of Hands-Free Faucets Powered by Technology is Driving the Market
More sophisticated, comfortable, and environmentally friendly kitchen faucets are currently demanded by customers around the world. In addition, electronic water fixtures are undergoing developments and establishing new expectations in the residential sector. Therefore, in the plumbing industry, many enterprises are immensely dependent on technical developments. Hand-free faucets, as they are produced using sensor technology, have set the criteria for hands-free faucets. In addition, in the projected timeframe, hands-free faucets are expected to be used by many consumers. Further, the emerging trend of conventional kitchen faucets manufacturers focusing on the production of advance faucets will draw an increased customer base in the forecast period.
Key Industry Players in the Global Kitchen Faucets Market
The report gives a detailed analysis of the following key players in the global kitchen faucets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Jaquar Group
- LIXIL Corporation
- Kohler Co
- Hansgrohe SE
- Delta Faucet Company
- Dornbracht GmbH & Co.KG
- Roca Sanitario, S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Installation Type |
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| Breakup by Faucet Holes |
|
| Breakup by Material Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global kitchen faucets market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include the evolving customer tastes, changing lifestyles, rising customer awareness regarding the need to better manage and utilise water, growing demand for plumbing fixtures, and increasing middle class population.
The increasing application of faucets in modernised kitchens and the growing customer preference toward modular kitchens are the key trends of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Pull-down faucet, pull-out faucet, hands-free, bar faucets, pot filters, and with sprayer, among others are the types of faucets in the market.
The various installation types include deck mount and wall mount.
The major faucet holes in the market include one, two, three, and four.
The significant material types in the market are chrome, stainless steel, bronze, and plastic, among others.
The key players in the global kitchen faucets market are Jaquar Group, LIXIL Corporation, Kohler Co., Hansgrohe SE, Delta Faucet Company, Dornbracht GmbH & Co.KG, and Roca Sanitario, S.A., among others.
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