Global Bathroom Taps Market Research - 2030
The Global Bathroom Taps Market size was valued at $17,270.0 million in 2020, and is projected to reach $32,953.0 million by 2030, registering a CAGR of 6.5% from 2021 to 2030. Bathroom taps are usually linked to water supply through a tap connector, which is soldered or compression-fitted to the end of water pipe and has a big nut to screw into the threaded "tail" of the tap, which hangs down beneath bath, basin, or sink.
Hot and cold water may be adjusted independently using mixer taps, however, two flows are combined in one spout above bath. A shower hose may be connected to a mixer bath tap, and the water may be routed to it as needed.
Market Dynamics
Manufacturers are increasingly adopting the concept of smart bathroom with modern and smart accessories, owing to 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, 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 rise in consumer disposable income. The global bathroom taps market is anticipated to grow in response to 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 rise in 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 is expected to be among the key limitations that limit the global bathroom tap market.
By Product Type
Mixer Taps segment is projected to grow at a significant CAGR
Bathroom taps are of various types, mixer taps, pillar taps, wall mounted taps, and floor mounted taps. The mixer taps segment was the highest contributor to the market and is expected to grow further in the forecast period. Mixer taps can work equally well on a bath or a bathroom sink and allows to precisely regulate temperature of water whether shaving or washing with water straight from the faucet or while taking a bath.
By End User
Residential segment holds dominant position in 2020
The bathroom taps market is segmented on the basis of product type, material, end user, and region. By product type, the market is divided into mixer taps, pillar taps, wall mounted taps, floor mounted taps, and others. By material, it is divided into metal, and plastics. By end user, it is divided into residential, and commercial. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, ASEAN, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
By Region
Asia-Pacific holds a dominant position in 2020 and is expected to grow at a significant rate during the forecast period.
Competition Analysis
Key companies profiled in the bathroom taps market report include 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).
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging bathroom taps market trends and dynamics.
- In-depth emerging bathroom taps market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030.
- Extensive analysis of the emerging bathroom taps market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global emerging bathroom taps market forecast analysis from 2021 to 2030 is included in the report.
- The key players within emerging bathroom taps market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the emerging bathroom taps industry.
Bathroom Taps Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Material |
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 By END-USER |
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 By Region |
|
 Key Market Players | LIXIL Corporation, MAC Faucets, ROCA Sanitario S.A., Delta Faucet Company, Kohler Co., Jaquar Group, MASCO Corporation, Eczacibasi Group (VITRA), CERA Sanitaryware Limited, MOEN Incorporated |
Analyst Review
Bathroom taps are devices that deliver water in a plumbing system. They are of various types such as mixer taps wall mounted taps, smart taps, floor mounted taps and many more. Rich and attractive designs and technological advancements are such factors, which propels the bathroom taps market.
Various bathroom faucets are being launched by key players with attractive designs and latest technology. For instance, in March 2020, Delta Faucets launched delta pivotal collection, which offers latest bath products. These products include single-handle faucets of three varying heights: standard, mid-height riser & vessel, two-handle widespread & wall mounted taps, and showers with H2OkineticTechnology. In addition, in June 2020, Delta Faucet expanded its portfolio of bath products with launching latest design taps, Ashlyn, which has blending sleek, angular lines with soft edges for maximum versatility with a modern flair.
These new products are more technologically sophisticated and work more efficiently and effectively than their prior product line. Hence, they are extensively employed in several end user industries.
The bathroom taps market size was valued at $17,270.0 million in 2020.
Based on product type, the mixer taps hold the maximum market share of the bathroom taps market in 2020.
The bathroom taps market is projected to reach $32,953.0 million by 2030.
Inclination of emerging economies towards smart bathroom and rapid rise in construction sector are the key trends in the bathroom taps market.
The product launch is key growth strategy of Bathroom taps industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
High cost of installation of sensor-based bathroom taps is the effecting factor for bathroom taps market.
The end users of Bathroom taps include in residential and commercial.
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