Bathroom Taps Market: Global Industry Analysis and Forecast (2022 -2029) Trends, Statistics, Dynamics, Segmentation by Type, Application, Distribution Channel, and Region

  • Bathroom Taps Market size was valued at USD 19.34 Billion in 2022 and the Bathroom Taps total revenue is expected to grow at a CAGR of 17.4 % from 2023 to 2029, reaching nearly USD 69.65 Billion.

  • Format : PDF | Report ID : SMR_1371

Bathroom Taps Market Overview: -

Manufacturers are increasingly adopting the concept of smart bathrooms with modern and smart accessories, owing to the rise in concerns about hygienic standards and energy conservation, as well as booming smart technology. Bathroom taps are important smart components that are gaining popularity among both customers and manufacturers. Manufacturers are now offering a broad selection of digital and electronic taps for household and commercial markets, owing to the advent of revolutionary technology. Water flow is activated once the pressure of a user is detected without having to touch the faucet. In addition, it shuts off automatically when sensors stop detecting anything, hence saving water. In addition, the introduction of sensor-based bathroom taps, with the goal of ensuring higher hygiene standards and water savings, is also projected to boost the global bathroom taps market during the forecast period.

 

One of the major reasons that boost the global bathroom taps market growth is the rise in consumer disposable income. The global bathroom taps market is anticipated to grow in response to the rise in consumer demand for home renovations and stylish & smart bathroom accessories. Furthermore, water and energy shortages are a result of rising urbanization and infrastructure-building initiatives. This situation is expected to lead to a rise in the adoption of smart bathroom accessories, including bathroom taps, supporting the global bathroom taps market growth. Sensor-based bathroom taps, on the other hand, are more expensive to install than standard bathroom taps. In addition, when there is a power outage, faucets stop working. These are expected to be among the key limitations that limit the global bathroom tap market.

 

Bathroom Taps Market Dynamics:

One of the major reasons that boost the global bathroom taps market growth is the rise in consumer disposable income. The global bathroom taps market is anticipated to grow in response to the rise in consumer demand for home renovations and stylish & smart bathroom accessories. Furthermore, water and energy shortages are a result of rising urbanization and infrastructure-building initiatives. This situation is expected to lead to a rise in the adoption of smart bathroom accessories, including bathroom taps, supporting the global bathroom taps market growth. Sensor-based bathroom taps, on the other hand, are more expensive to install than standard bathroom taps. In addition, when there is a power outage, faucets stop working. These are expected to be among the key limitations that limit the global bathroom tap market.

 

Manufacturers are increasingly adopting the concept of smart bathrooms with modern and smart accessories, owing to the rise in concerns about hygienic standards and energy conservation, as well as booming smart technology. Bathroom taps are important smart components that are gaining popularity among both customers and manufacturers. Manufacturers are now offering a broad selection of digital and electronic taps for household and commercial markets, owing to the advent of revolutionary technology. For instance, in June 2020, ROCA Sanitario launched L20 and L90 electronic taps for basins. Water flow is activated once the pressure of a user is detected without having to touch the faucet. In addition, it shuts off automatically when sensors stop detecting anything, hence saving water. In addition, the introduction of sensor-based bathroom taps, with the goal of ensuring higher hygiene standards and water savings, is also projected to boost the global bathroom taps market during the forecast period.

 

Bathroom Taps Market Segment Analysis: -

The online distribution channel is anticipated to make the largest contribution to the global market. Eventually, aggressive promotional activities by the manufacturers and the proliferation of online retail channels provide users with a wide variety of products to choose from, hence contributing to market growth. Moreover, many retailers are focusing on revamping their product portfolio in stores owing to the popularity of eco-friendly and sustainable products.

 

Bathroom taps are used in commercial and residential sectors. The residential sector has dominated the market and is expected to grow further during the forecast period. Many bathroom tap manufacturers are manufacturing smart and advanced taps for safety and hygienic purpose to reduce the waste of water. For instance, in March 2021, Jaquar Group launched a smart design Blush Sensor bathroom faucet, which has a quick detection response and can turn off automatically when nothing is detected. As a result, demands for such technological advancements for bathroom taps are predicted to increase throughout the forecast period. The residential segment of the market has the highest spending potential from young house owners in affordable markets. The increasing number of millennials buying houses is fuelling the demand for plumbing fixtures. The tech-savvy generation is driving the need for an advanced faucet market, resulting in higher application penetration in residential households.

 

Bathroom Taps Market Region:

The North America Bathroom Taps market area is estimated to grow rapidly during the projected timeframe, a rise in the construction of commercial buildings has fuelled the market for smart and multifunctional faucets. The remodeling of bathrooms in the residential sector is also fuelling the demand for smart faucets in the region.

 

Market participants like CERA Sanitaryware Limited, Delta Faucet Company, Jaquar Group, Kohler Co., LIXIL Corporation, MOEN Incorporated, MAC Faucets, LLC., MASCO Corporation, ROCA Sanitario S.A., and Eczacibasi Group (VITRA).are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Bathroom Taps industry must offer cost-effective and sustainable options to survive in a dynamic market. Manufacturing locally to minimize operational expenses is a key business strategy manufacturer’s use in the Bathroom Taps industry to benefit customers and capture untapped market share and revenue.

 

Bathroom Taps Market Scope

Market Size in 2022

USD 19.34 Billion

Market Size in 2029

USD 69.65 Billion

CAGR (2023-2029)

17.4%

Historic Data

2017-2021

Base Year

2022

Forecast Period

2023-2029

Segment Scope

By Type:

Wall Mounted

Floor Mounted

Mixer

Pillar

Shower Mixer

Sensor

Thermostatic

Others

By Application:

Commercial

Residential

By Distribution Channel:

Online

Offline

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Bathroom Taps Market Key Players:- 

  1. Kraus, USA
  2. American Standard Brands
  3. Grohe America Inc.
  4. Pfister
  5. Delta Faucet Company
  6. Moen Incorporated
  7. Aqua Source Faucet


Frequently Asked Questions

The segments covered in the Bathroom Taps Market report are based on Type, Application, distribution channel, and Region.

  1. Scope of the Report
  2. Research Methodology
    • Research Distribution Channel
    • Global Bathroom Taps: Target Audience
    • Global Bathroom Taps: Primary Research (As per Client Requirement)
    • Global Bathroom Taps: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    • Market Share Analysis by Region in 2022(%)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • South America
    • Stellar Competition matrix
    • Key Players Benchmarking
      • Key Players Benchmarking by Product, Pricing, Market Share, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    • Mergers and Acquisitions in Industry
      • M&A by Region, Value, and Strategic Intent
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
      • Market Challenges
      • PESTLE Analysis
      • PORTERS Five Force Analysis
      • Value Chain Analysis
  5. Global Bathroom Taps Segmentation
    • Global Bathroom Taps, by Region (2020-2029)
      • North America
      • Europe
      • Asia-Pacific
      • Middle East & Africa
      • South America
    • Global Bathroom Taps, by Type (2020-2029)
      • Wall Mounted
      • Floor Mounted
      • Mixer
      • Pillar
      • Shower Mixer
      • Sensor
      • Thermostatic
      • Others
    • Global Bathroom Taps, by Distribution Channel (2020-2029)
      • Online
      • Offline
    • Global Bathroom Taps, by Application (2020-2029)
      • Commercial
      • Residential
  1. North America Bathroom Taps Segmentation
    • North America Bathroom Taps, by Type (2020-2029)
      • Wall Mounted
      • Floor Mounted
      • Mixer
      • Pillar
      • Shower Mixer
      • Sensor
      • Thermostatic
      • Others
    • North America Bathroom Taps, by Distribution Channel (2020-2029)
      • Online
      • Offline
    • North America Bathroom Taps, by Application (2020-2029)
      • Commercial
      • Residential
    • North America Bathroom Taps, by Country (2020-2029)
      • United States
      • Canada
      • Mexico
  1. Europe Bathroom Taps Segmentation
    • Europe Bathroom Taps, by Type (2020-2029)
    • Europe Bathroom Taps, by Distribution Channel (2020-2029)
    • Europe Bathroom Taps, by Application (2020-2029)
    • Europe Bathroom Taps, by Country (2020-2029)
  2. Asia Pacific Bathroom Taps Segmentation
    • Asia Pacific Bathroom Taps, by Type (2020-2029)
    • Asia Pacific Bathroom Taps, by Distribution Channel (2020-2029)
    • Asia Pacific Bathroom Taps, by Application (2020-2029)
    • Asia Pacific Bathroom Taps, by Country (2020-2029)
  3. Middle East and Africa Bathroom Taps Segmentation
    • Middle East and Africa Bathroom Taps, by Type (2020-2029)
    • Middle East and Africa Bathroom Taps, by Distribution Channel (2020-2029)
    • Middle East and Africa Bathroom Taps, by Application (2020-2029)
    • Middle East and Africa Bathroom Taps, by Country (2020-2029)
  4. South America Bathroom Taps Segmentation
    • South America Bathroom Taps, by Type (2020-2029)
    • South America Bathroom Taps, by Distribution Channel (2020-2029)
    • South America Bathroom Taps, by Application (2020-2029)
    • South America Bathroom Taps, by Country (2020-2029)
  5. Company Profiles
    • Key Players
      • Kohler Co.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Business Strategy
        • Key Developments
      • Autoliv Kraus, USA
      • American Standard Brands
      • Grohe America Inc.
      • Pfister
      • Delta Faucet Company
      • Moen Incorporated
      • Aqua Source Faucet
  1. Key Findings
  2. Recommendations

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