Faucet Market- Roadmap for Recovery from COVID-19|Changing Consumer Preference and Lifestyle to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the faucet market and it is poised to grow by USD 7.87 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• What are the major trends in the market?
• Introduction of smart faucets is one of the major trends in the market.

• At what rate is the market projected to grow?
• Growing at a CAGR of almost 9%, the incremental growth of the market is anticipated to be USD 7.87 billion.

• Who are the top players in the market?
• Danze Inc., Eczacibasi Holdings co., Elkay Manufacturing Co., HOCHENG PHILIPPINES Corp., Kohler Co., LIXIL Group Corp., Masco Corp., Roca Sanitario SA, Toto Ltd., and Villeroy & Boch AG. are some of the major market participants.

• What are the key market drivers and challenges?
• Changing consumer preference and lifestyle is one of the major factors driving the market. Nokho, the longer replacement cycle of metallic products restraints the market growth.

• How big is the North America market?
• The North America region will contribute 33% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Danze Inc., Eczacibasi Holdings co., Elkay Manufacturing Co., HOCHENG PHILIPPINES Corp., Kohler Co., LIXIL Group Corp., Masco Corp., Roca Sanitario SA, Toto Ltd., and Villeroy & Boch AG are some of the major market participants. The changing consumer preference and lifestyle will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Faucet Market 2020-2024: Segmentation

Faucet Market is segmented as below:

• Technology
  • Cartridge
  • Compression
  • Ceramic Disc
  • Ball
• Geographic Landscape
  • North America
  • APAC
  • Europe
  • MEA
  • South America

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Faucet Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The faucet market report covers the following areas:

• Faucet Market Size
• Faucet Market Trends
• Faucet Market Analysis

This study identifies the introduction of smart faucets as one of the prime reasons driving the faucet market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Faucet Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist faucet market growth during the next five years
• Estimation of the faucet market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the faucet market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of faucet market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Technology

• Market segments
• Comparison by Technology
• Cartridge – Market size and forecast 2019-2024
• Compression – Market size and forecast 2019-2024
• Ceramic disc – Market size and forecast 2019-2024
• Ball – Market size and forecast 2019-2024
• Market opportunity by Technology

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Residential – Market size and forecast 2019-2024
• Non-residential – Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver- Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Danze Inc.
• Eczacibasi Holdings co.
• Elkay Manufacturing Co.
• HOCHENG PHILIPPINES Corp.
• Kohler Co.
• LIXIL Group Corp.
• Masco Corp.
• Roca Sanitario SA
• Toto Ltd.
• Villeroy & Boch AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Mayelana NATHI

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.