U.S. Faucet MarketU.S. Faucet Market Is Set To Reach 5.63 USD Billion By 2032, Growing At A CAGR Of 4.8
U.S. Faucet Market, Forecast 2024-2032
Base Year: 2023
120 Pages
U.S. Faucet Market Is Set To Reach 5.63 USD Billion By 2032, Growing At A CAGR Of 4.8
Key Insights
The U.S. Faucet Marketsize was valued at USD 5.63 USD Billion in 2023 and is projected to reach USD 7.82 USD Billion by 2032, exhibiting a CAGR of 4.8 % during the forecast period. A faucet is commonly known as a tap which is used to open, close, and regulate the flow of water within a plumbing system. There are additional varieties of faucets, the most common being compression faucets, ball faucets, cartridge faucets, and disc faucets; each with dissimilar mechanisms for controlling water flow. Faucet characteristics may include a single handle or dual handle, the presence of a pull-out sprayer, whether taps are touchless, or not, and whether their flow rates can be adjusted or not. Faucets are typically placed in the kitchen, the washroom, and in outdoor areas such as the yards, and they play important functions in areas such as homes, offices, and factories. They offer comfort, cleanliness, and ration-sparing use of water and are part of what has become the main framework of plumbing systems.
U.S. Faucet Trends
- Increasing demand for smart and touchless faucets
- Growing preference for aesthetically pleasing and durable faucets
- Adoption of energy-efficient and water-saving faucets
Driving Forces: What's Propelling the U.S. Faucet Market
- Rising disposable income and increasing homeownership rates
- Growing focus on bathroom and kitchen remodeling projects
- Government regulations promoting water conservation
Challenges and Restraints in U.S. Faucet Market
- Volatile Raw Material Costs: Rising prices and supply chain disruptions for materials like copper, zinc, and plastic pose significant challenges for manufacturers.
- Intense Competition: The market is characterized by a high number of domestic players, both large and small, leading to fierce competition for market share.
- Limited Product Differentiation: Many faucets offer similar features and designs, limiting manufacturers' ability to differentiate their products and command premium pricing.
- Environmental Regulations: Increasing environmental concerns and regulations related to water conservation and sustainability add to the complexity of faucet design and manufacturing.
- Economic Downturns: Consumer spending on home improvement projects, including faucets, can be impacted by economic downturns.
Emerging Trends in U.S. Faucet
- Integration of IoT and smart home technologies
- Use of sustainable materials and eco-friendly designs
- Personalized faucet designs and customization options
Growth Catalysts in U.S. Faucet Industry
- Increasing demand for commercial and industrial faucets
- Government incentives for water-saving products
- Technological advancements and innovative product launches
Market Segmentation: U.S. Faucet Analysis
Type:
- Pull Out
- Pull Down
- Bar
- Motion Detection
- Separate Spray
- Others
Material Type:
- Brass
- Stainless Steel
- Chrome
- Plastics
- Others
Install Type:
- Wall Mounted
- Deck Mounted
Functionality:
- Manually Operated
- Touchless
- Hybrid
Application:
- Bathroom
- Kitchen
End-user:
- Commercial/Industrial
- Residential
Leading Players in the U.S. Faucet Market
- Geberit
- Fortune Brands Innovations (Moen Incorporated)
- Globe Union Industrial Corp (Gerber Plumbing Fixtures)
- Lixil Corporation (American Standards Brands)
- Masco Corporation (Delta Faucets Company)
- California Faucets
- Jaclo
- Kohler Co.
- Pfister Faucets
- Sloan Valve Company
Significant Developments in U.S. Faucet Sector
- Fortune Brands acquired Emtek & Schaub for USD 800 million
- Lixil Corporation acquired Basco for expansion in bathroom and kitchen products
- California Faucets introduced the Descanso Work Series for kitchen applications
- Moen Incorporated launched smart faucets with hands-free operation
Comprehensive Coverage U.S. Faucet Market Report
This report provides an in-depth analysis of the U.S. Faucet Market, including market size, growth drivers, restraints, and industry trends. It also includes company profiles, competitive landscape, and market segmentation.
Regional Insight
The U.S. Faucet Market is divided into five regional segments: Northeast, Midwest, South, West, and Canada. The Northeast accounted for the largest market share in 2023.
U.S. Faucet Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.8% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Interior Design Trends to Propel Expansion of Market Landscape
- 3.3. Market Restrains
- 3.3.1. Stringent Regulations to Halt Growth of the Market
- 3.4. Market Trends
- 3.4.1. Diverse Faucet Designs by Manufacturers to Fuel Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Faucet Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Region
- 5.1. Market Analysis, Insights and Forecast - by Region
- 6. Northeast U.S. Faucet Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1 Pull Out
- 6.1.2 Pull Down
- 6.1.3 Bar
- 6.1.4 Motion Detection
- 6.1.5 Separate Spray
- 6.1.6 and Others
- 6.2. Market Analysis, Insights and Forecast - By Material Type
- 6.2.1 Brass
- 6.2.2 Stainless Steel
- 6.2.3 Chrome
- 6.2.4 Plastics
- 6.2.5 and Others
- 6.3. Market Analysis, Insights and Forecast - By Install Type
- 6.3.1. Wall Mounted and Deck Mounted
- 6.4. Market Analysis, Insights and Forecast - By Functionality
- 6.4.1 Manually Operated
- 6.4.2 Touchless
- 6.4.3 and Hybrid
- 6.5. Market Analysis, Insights and Forecast - By Application
- 6.5.1. Bathroom and Kitchen
- 6.6. Market Analysis, Insights and Forecast - By End-user
- 6.6.1. Commercial/Industrial and Residential
- 7. Southeast U.S. Faucet Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1 Pull Out
- 7.1.2 Pull Down
- 7.1.3 Bar
- 7.1.4 Motion Detection
- 7.1.5 Separate Spray
- 7.1.6 and Others
- 7.2. Market Analysis, Insights and Forecast - By Material Type
- 7.2.1 Brass
- 7.2.2 Stainless Steel
- 7.2.3 Chrome
- 7.2.4 Plastics
- 7.2.5 and Others
- 7.3. Market Analysis, Insights and Forecast - By Install Type
- 7.3.1. Wall Mounted and Deck Mounted
- 7.4. Market Analysis, Insights and Forecast - By Functionality
- 7.4.1 Manually Operated
- 7.4.2 Touchless
- 7.4.3 and Hybrid
- 7.5. Market Analysis, Insights and Forecast - By Application
- 7.5.1. Bathroom and Kitchen
- 7.6. Market Analysis, Insights and Forecast - By End-user
- 7.6.1. Commercial/Industrial and Residential
- 8. Midwest U.S. Faucet Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1 Pull Out
- 8.1.2 Pull Down
- 8.1.3 Bar
- 8.1.4 Motion Detection
- 8.1.5 Separate Spray
- 8.1.6 and Others
- 8.2. Market Analysis, Insights and Forecast - By Material Type
- 8.2.1 Brass
- 8.2.2 Stainless Steel
- 8.2.3 Chrome
- 8.2.4 Plastics
- 8.2.5 and Others
- 8.3. Market Analysis, Insights and Forecast - By Install Type
- 8.3.1. Wall Mounted and Deck Mounted
- 8.4. Market Analysis, Insights and Forecast - By Functionality
- 8.4.1 Manually Operated
- 8.4.2 Touchless
- 8.4.3 and Hybrid
- 8.5. Market Analysis, Insights and Forecast - By Application
- 8.5.1. Bathroom and Kitchen
- 8.6. Market Analysis, Insights and Forecast - By End-user
- 8.6.1. Commercial/Industrial and Residential
- 9. Southwest U.S. Faucet Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1 Pull Out
- 9.1.2 Pull Down
- 9.1.3 Bar
- 9.1.4 Motion Detection
- 9.1.5 Separate Spray
- 9.1.6 and Others
- 9.2. Market Analysis, Insights and Forecast - By Material Type
- 9.2.1 Brass
- 9.2.2 Stainless Steel
- 9.2.3 Chrome
- 9.2.4 Plastics
- 9.2.5 and Others
- 9.3. Market Analysis, Insights and Forecast - By Install Type
- 9.3.1. Wall Mounted and Deck Mounted
- 9.4. Market Analysis, Insights and Forecast - By Functionality
- 9.4.1 Manually Operated
- 9.4.2 Touchless
- 9.4.3 and Hybrid
- 9.5. Market Analysis, Insights and Forecast - By Application
- 9.5.1. Bathroom and Kitchen
- 9.6. Market Analysis, Insights and Forecast - By End-user
- 9.6.1. Commercial/Industrial and Residential
- 10. West U.S. Faucet Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Type
- 10.1.1 Pull Out
- 10.1.2 Pull Down
- 10.1.3 Bar
- 10.1.4 Motion Detection
- 10.1.5 Separate Spray
- 10.1.6 and Others
- 10.2. Market Analysis, Insights and Forecast - By Material Type
- 10.2.1 Brass
- 10.2.2 Stainless Steel
- 10.2.3 Chrome
- 10.2.4 Plastics
- 10.2.5 and Others
- 10.3. Market Analysis, Insights and Forecast - By Install Type
- 10.3.1. Wall Mounted and Deck Mounted
- 10.4. Market Analysis, Insights and Forecast - By Functionality
- 10.4.1 Manually Operated
- 10.4.2 Touchless
- 10.4.3 and Hybrid
- 10.5. Market Analysis, Insights and Forecast - By Application
- 10.5.1. Bathroom and Kitchen
- 10.6. Market Analysis, Insights and Forecast - By End-user
- 10.6.1. Commercial/Industrial and Residential
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Geberit (Chicago Faucets) (Switzerland)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Fortune Brands Innovations (Moen Incorporated) (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Globe Union Industrial Corp (Gerber Plumbing Fixtures) (Taiwan)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Lixil Corporation (American Standards Brands) (Japan)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Masco Corporation (Delta Faucets Company) (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 California Faucets (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Jaclo (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Kohler Co. (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Pfister Faucets (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Sloan Valve Company (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Geberit (Chicago Faucets) (Switzerland)
List of Figures
- Figure 1: U.S. Faucet Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Faucet Market Value Share (%), by Type 2023 & 2031
- Figure 3: U.S. Faucet Market Value Share (%), by Material Type 2023 & 2031
- Figure 4: U.S. Faucet Market Value Share (%), by Install Type 2023 & 2031
- Figure 5: U.S. Faucet Market Value Share (%), by Functionality 2023 & 2031
- Figure 6: U.S. Faucet Market Value Share (%), by Application 2023 & 2031
- Figure 7: U.S. Faucet Market Value Share (%), by End-user 2023 & 2031
- Figure 8: U.S. Faucet Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Faucet Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 2: U.S. Faucet Market Volume K Units Forecast, by Type 2018 & 2031
- Table 3: U.S. Faucet Market Revenue USD Billion Forecast, by Material Type 2018 & 2031
- Table 4: U.S. Faucet Market Volume K Units Forecast, by Material Type 2018 & 2031
- Table 5: U.S. Faucet Market Revenue USD Billion Forecast, by Install Type 2018 & 2031
- Table 6: U.S. Faucet Market Volume K Units Forecast, by Install Type 2018 & 2031
- Table 7: U.S. Faucet Market Revenue USD Billion Forecast, by Functionality 2018 & 2031
- Table 8: U.S. Faucet Market Volume K Units Forecast, by Functionality 2018 & 2031
- Table 9: U.S. Faucet Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 10: U.S. Faucet Market Volume K Units Forecast, by Application 2018 & 2031
- Table 11: U.S. Faucet Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 12: U.S. Faucet Market Volume K Units Forecast, by End-user 2018 & 2031
- Table 13: U.S. Faucet Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 14: U.S. Faucet Market Volume K Units Forecast, by Region 2018 & 2031
- Table 15: U.S. Faucet Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 16: U.S. Faucet Market Volume K Units Forecast, by Region 2018 & 2031
- Table 17: U.S. Faucet Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 18: U.S. Faucet Market Volume K Units Forecast, by Type 2018 & 2031
- Table 19: U.S. Faucet Market Revenue USD Billion Forecast, by Material Type 2018 & 2031
- Table 20: U.S. Faucet Market Volume K Units Forecast, by Material Type 2018 & 2031
- Table 21: U.S. Faucet Market Revenue USD Billion Forecast, by Install Type 2018 & 2031
- Table 22: U.S. Faucet Market Volume K Units Forecast, by Install Type 2018 & 2031
- Table 23: U.S. Faucet Market Revenue USD Billion Forecast, by Functionality 2018 & 2031
- Table 24: U.S. Faucet Market Volume K Units Forecast, by Functionality 2018 & 2031
- Table 25: U.S. Faucet Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 26: U.S. Faucet Market Volume K Units Forecast, by Application 2018 & 2031
- Table 27: U.S. Faucet Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 28: U.S. Faucet Market Volume K Units Forecast, by End-user 2018 & 2031
- Table 29: U.S. Faucet Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 30: U.S. Faucet Market Volume K Units Forecast, by Country 2018 & 2031
- Table 31: Northeast U.S. Faucet Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 32: Northeast U.S. Faucet Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 33: Southeast U.S. Faucet Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 34: Southeast U.S. Faucet Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 35: Midwest U.S. Faucet Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 36: Midwest U.S. Faucet Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 37: Southwest U.S. Faucet Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 38: Southwest U.S. Faucet Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 39: West U.S. Faucet Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 40: West U.S. Faucet Market Volume (K Units) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.8% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
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- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
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- Paid Database
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Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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