Huge Growth Opportunities in the Plumbing Fixtures & Fittings in worldwide construction industry.
Growth Drivers:
• Building Renovations Due to Disasters and Upgradation
• Rapid Urbanization and Consequent Rise in Construction Activities
• Large-Scale Investments in Industrial and Infrastructure Sectors
Target Audience:
• Plumbing Product manufacturers
• Raw material suppliers
• End users
• Consulting firms
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The Plumbing Fixtures & Fittings market is expected to witness high growth as a result of the rising urbanization, building renovations due to disasters and upgradation, large-scale investment in infrastructure & industrial sectors, and rising construction activities in emerging economies.
The plumbing fixtures & fittings market size will grow from USD 74.72 Billion in 2015 to USD 102.07 Billion by 2021, at an estimated CAGR of 5.45%. The renovated buildings segment is projected to have the largest market share and dominate the plumbing fixtures & fittings market from 2016 to 2021. New buildings plays a key role in changing the plumbing fixtures & fittings landscape and is projected to grow at the highest rate during the forecast period.
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Key Players:
The global market for Plumbing Fixtures & Fittings is dominated by players such as Geberit AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc. (U.S.), Masco Corporation (U.S.), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (U.S.), TOTO Ltd (Japan), Roca Sanitario, S.A. (Spain), Elkay Manufacturing Company (U.S.), and MAAX Bath Inc. (Canada).
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