Global Kitchen Faucets Market to Be Driven by Rising Number of Kitchen Modernizations Over the Forecast Period 2021-2026 – Bloomingprairieonline


Expert Market Research’s new report titled “Global Kitchen Faucet Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, gives an in-depth analysis of the global market. kitchen faucet market, assessing the market based on its segments such as type, installation, tap holes, material type and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 6%

Over the past few years, plumbing businesses have flourished, encouraging the growth of the global kitchen faucet market. The preference for practical kitchens and bathrooms is also expected to increase, along with aesthetic appeal, to fuel the growth of the faucet industry. The increasing use of modernized bathrooms and kitchens is expected to fuel demand. Along with improving lifestyles, ever-changing consumer preferences have boosted spending on luxury homes and renovations, contributing to industry demand. Since it is easier to use and less expensive, customers also prefer the bar faucet.

Industry definition and major segments

Faucets are devices that are used in a plumbing system to control the flow of water. These faucets are often used in the kitchen, bathroom and other places where water is needed at regular intervals. To meet a variety of consumer desires, faucets are available in a wide range of styles, colors and finishes.

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By Type, the market is split into:

• Pull-down faucet
• Retractable faucet
• Hands free
• Bar faucets
• Filter pots
• With sprayer
• Others

On the basis of installation, the market is segmented into:

• Bridge mounting
• Wall mounting

Based on Faucet Holes, the market is split into:

• A
• Of them
• Three
• Four

By Material Type, the market is split into:

• Chrome
Stainless steel
• Bronze
• Others

Regional markets for the product include:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Market trends

Customers all over the world are asking for more stylish, practical and eco-friendly kitchen faucets. In the residential market, automated water faucets are setting new patterns and setting new standards. Thus, many companies in the plumbing sector are highly dependent on technological advancements. Hands-free faucets also set the requirements for hands-free faucets since they are manufactured using sensor technology. In addition, hands-free faucets are expected to be adopted by many customers within the expected time frame. A significant trend observed by traditional kitchen faucet manufacturers in the market population aiming to develop advanced faucets that will appeal to a comprehensive consumer base.

Main market players

Major market players include Jaquar Group, LIXIL Corporation, Kohler Co, Hansgrohe SE, Delta Faucet Company, Dornbracht GmbH & Co.KG, and Roca Sanitario, SA, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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