0

Bathroom Taps Market Expected to Reach $32,953.0 Million by 2030—Allied Market Research

 
2022
Bathroom Taps Market

Report Code : A02907

quote , “the bathroom taps market has observed significant growth in past few years, owing to rise in urbanization and concern for hygienic sanitation. In addition, rise in advanced technology in such taps for smart bathrooms for reducing wastage of water provides lucrative growth opportunities for the market during the forecast period.” quote

Amar Chinchane
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “bathroom taps market by product type, material, and end user: global opportunity analysis and industry forecast, 2021–2030,” 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 tap is the valve that regulates flow of water in the bathroom. Bathroom taps are important components of bathrooms that are gaining popularity among both customers and producers. Smart taps are temperature sensors and efficiency sensors make it simple for every member of household to carefully regulate how much water they use in the kitchen or bathroom.

According to the UN, urbanization is taking place in a major section of the world. Urban regions now contain almost 54.8% of the world's population. Increase in knowledge of more modern sanitary fittings such as taps has come from urbanization. Growth in urbanization and rise in number of nuclear families, especially in developing nations, has created a significant need for bathroom taps. In addition, rise in consumer hygienic has aided expansion of the electronic-enabled bathroom taps industry. As a result of growing urbanization and greater demand for basic sanitation are such factors that drive demand for bathroom taps throughout the forecast period.

According to the Water Action Decade, 2018–2028 plans will focus on sustainable development and integrated management of water resources for sanitation and hygiene for achievement of social, economic and environmental objectives. Hence these initiatives will provide positive, impact in bathroom taps market. Also, to strengthen the market position, competitors in the bathroom taps market use strategic moves such as collaboration, mergers, acquisitions, and agreements. For instance, in November 2020 MASCO Corporation has agreed to purchase a majority stake in the Dutch company Easy Sanitary Solutions (ESS) B.V. Easy Drain shower channels were invented, developed, and manufactured by ESS, which also offers a comprehensive variety of barrier-free showering and bathroom wall specialty products.

However, owing to a lockdown imposed in countries such as China, the U.S., and India, numerous manufacturers in the global bathroom taps market led to halt in their business production. This disruption has a direct impact on sales of bathroom taps. However, it is expected that reopening of production facilities and introduction of coronavirus vaccines would lead to reopening of bathroom taps firms.

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 FINDINGS OF THE STUDY

  • The report provides an extensive analysis of the current and emerging bathroom taps market trends and dynamics. 
  • Depending on product type, the mixer taps segment has dominated the bathroom taps market, in terms of revenue in 2020.
  • By material, the metal segment has registered highest revenue in 2020.
  • Residential sector is projected to register highest growth rate in the coming years.
  • The key players within the bathroom taps market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the bathroom taps industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market. 
  • In-depth bathroom taps analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Bathroom Taps Market by Product Type (Mixer Taps, Pillar Taps, Wall Mounted Taps, Floor Mounted Taps, and Others), Material (Metal, and Plastics), and End User (Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample

Buy Full Version
"Bathroom Taps Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers