The Plumbing Fixtures And Fittings Market Size was valued at USD 95.300 Billion in 2023. The plumbing fixtures and fittings market is projected to grow from USD 99.300 Billion in 2024 to USD 151.24 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2024 - 2032). The residential building is a developing sector of the economy, and the growth in Urbanization & Shifting Consumer Lifestyle Patterns are the key market drivers enhancing the market for plumbing fixtures and fittings growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Residential and non-residential end-users are widely adopting plumbing fixtures and fittings as a result of increased urbanization and an increase in building activity. During the projected period, increasing urbanization will raise demand for homes or flats, enhancing demand for plumbing fixtures and fittings. The market for plumbing fixtures and fittings is changing due to technological innovation. Major plumbing fixtures and fittings manufacturers are moving closer to implementing new technologies and responding to plumbing fixtures and fittings market research and advances. Around 54% of the world's population resided in urban areas as of 2014, and another 2.5 billion people are expected to move there by 2050, according to the United Nations' World Urbanization Prospects, 2014 version. As more people move into cities, it is expected that they will use modern amenities, such as luxurious plumbing fixtures in their kitchens and bathrooms.
For instance, Prince Pipes and Fittings, an Indian PVC pipe maker and multi-polymer processor, released a prince one for CPVC piping systems with Corzan CPVC technology in collaboration with Lubrizol investors in August 2021. The new CPVC pipes offer heat, U.V., flame, and smoke pressure resistance along with other innovative technologies.
For instance, Prince Pipes and Fittings, an Indian PVC pipe maker and multi-polymer processor, releases a prince one for CPVC piping systems with Corzan CPVC technology in collaboration with Lubrizol investors in August 2021. The new CPVC pipes offer heat, U.V., flame, and smoke pressure resistance along with other innovative technologies.
The market for plumbing fixtures is impacted by urbanization, consumer lifestyle changes, rising disposable income, significant expenditures in smart homes, high raw material costs, regulatory restrictions, and improvements in plumbing technology and water-efficient plumbing. These important aspects have accelerated the adoption of plumbing fittings. Therefore, such factors related to the plumbing fixtures and fittings market have enhanced the plumbing fixtures and fittings market CAGR ly in recent years.
However, expanding the plumbing fittings market is anticipated to be fueled by high infrastructure expenditure, rising disposable income, and expanding investment in smart homes and buildings. Is another factor driving the growth of the plumbing fixtures and fittings market revenue
Based on material type, the plumbing fixtures and fittings market segmentation includes vitreous china, plastics and metals. Since vitreous china is a material that is incredibly durable, hygienic, and has a surface that resists stains, it shares the highest growth during the forecast period. The plumbing fixtures and fittings industry for vitreous china, estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2027, growing at a CAGR of 4.4% over the period 2020-2027.
Based on product type, the plumbing fixtures and fittings market segmentation includes bathroom fixtures & fittings, kitchen and sink fixtures & fittings, toilet fixtures & fittings and others. The toilet fixtures & fittings held the majority share in 2021, contributing around ~20% concerning the plumbing fixtures and fittings market revenue. One-piece toilets, two-piece toilets, flush toilets, tiny compact toilets, corner toilets, wall-mounted toilets, square toilets, elongated toilets, and round bowl toilets are some of the goods that fall under this category.
Data from the World Health Organization from 2015 show that 2.3 billion people ly did not have access to toilets. Over 9.12 million toilets were built by the Indian government between October 2014 and December 2018. This government program is therefore anticipated to encourage the expenditure on new toilet construction and, as a consequence, will encourage the usage of varied fittings in the near future.
Acorn Controls, Murdock, and Acorn Safety introduced new items in 2021 to broaden their product lines and keep up with market developments. A mobile eyewash unit, SLABTM shower bases, a wash trough station made by Wudu, a Murdock filtration system, and Murdock wall-mounted water fountains and bottle filling stations are among the new goods.
Based on application, the plumbing fixtures and fittings market segmentation includes residential and commercial. The need for the plumbing fixtures and fittings industry is rising as residential development and building projects expand quickly during the forecast period. Plumbing systems are needed for these projects because of urbanization and adoption. An increasing number of people reside in cities throughout the globe. 52.0 percent of people resided in cities in 2011. It was predicted that by 2021, 56.5% of the population would live in urban areas. Generally, it is greater in wealthy countries than in developing ones (79.5% in 2021). (51.8 percent).
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific plumbing fixtures and fittings market accounted for USD 48.2 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. This expansion is linked to the numerous new development initiatives throughout Asia. More than 10,000 projects, including the building of factories, offices, hospitals, schools, airports, train stations, and other similar facilities, were underway in 2018. These projects included the construction of malls and shopping centers, restaurants and hotels, hospitals, schools, and educational institutions.
According to two government officials who asked to remain anonymous because the information has not yet been made public, the Indian government may wind up spending more than the 1.60 trillion rupees it had allotted for the rural development ministry for the current fiscal year. For instance, the advent of programs like India's Pradhan Mantri Awas Yojana (PMAY) and Pradhan Mantri Gramin Awas Yojana has increased building activity and boosted demand for plumbing fixtures and fittings. Additionally, as the population grows, so does the amount of housing work, which drives up demand for plumbing fixtures and fittings.
Further, the major countries studied in the plumbing fixtures and fittings market report are The U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: PLUMBING FIXTURES AND FITTINGS MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In 2020, North America accounted for more than 22.0% of worldwide sales, making it the Region with the largest North American plumbing fixtures and fittings market for plumbing fixtures. The Americans have been breaking records by housing more bathrooms than is typical. Over 44% of American homes have at least one bathroom, each with an attached bathroom. It is predicted that this trend will raise the standards for plumbing fixtures. Further, the U.S. plumbing fixtures and fittings market held the largest market share, and the Canada plumbing fixtures and fittings market was the fastest growing market in this region
Europe's plumbing fixtures and fittings market accounts for the second-largest market share due to industrialization having advanced quickly, and population expansion has fueled the demand for inexpensive housing. The country's market for plumbing fixtures and fittings is anticipated to increase significantly along with the building sector. Further, the German plumbing fixtures and fittings market held the largest market share. The U.K. plumbing fixtures and fittings market was the fastest-growing market in the European Region during the forecast period.
Major market players are investing a lot of money in R&D to expand their product portfolios, which will spur further market growth for the market for plumbing fixtures and fittings. With significant industry changes, including new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market developments are also undertaking various strategic activities to expand their presence. To grow and thrive in a market that is becoming more competitive and growing, competitors in the plumbing fixtures and fittings industry must provide affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use worldwide plumbing fixtures and fittings to benefit customers and increase the market sector. The plumbing fixtures and fittings industry has recently given medicine some of the most important advantages. The plumbing fixtures and fittings major players such as Medtronic Inc (Ireland), Abbott Laboratories (U.S.), Stryker Corporation (U.S.), and others are working on expanding the market demand by investing in research and development activities.
The Tokyo-based Lixil Group is a conglomerate of Japanese businesses that produce plumbing fittings, housing equipment, and building supplies. On November 6, 2018, LIXIL announced a new collaboration with the Bill & Melinda Gates Foundation to test at least two markets for a potentially groundbreaking "reinvented toilet" for domestic use. The Reinvent, the Toilet Challenge, is the source of this.
Also, GWA Group Limited, formerly Great Western Australia Ltd., is an Australian distributor of consumer goods for the home. GWA Group Limited is buying Methven Limited. They are the top maker of shower and bathroom accessories. It is anticipated that this will expand the market's product offering and portfolio. Additionally, these businesses, situated in Australia, will increase demand in the Asia Pacific. Opportunities for core businesses are anticipated at this time.
February 2021 To diversify its product line, Charlotte Pipe introduced the Edge H.P. Iron, a new cast iron plumbing system for DWV applications. Specially coated high-performance pipes and fittings are used in places like hospitals, commercial kitchens, and casinos where more protection may be required.
November 2021 To diversify its business portfolio, Reliance Worldwide Corporation (RWC) said it had successfully acquired EZ-FLO International, a top producer of specialty plumbing products and supplies.
October 2021 In a statement, Uponor Corporation stated that it had successfully acquired all of Capricorn S.A.'s outstanding shares from the company's founders. Capricorn is a Polish company that produces parts for plumbing and heating systems. This purchase aims to diversify the company's product offering since Capricorn's product line matches the current radiant heating and cooling product line well and because the company's sites provide a strategic expansion of Eastern European production footprints.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 95.300 billion |
| Market Size 2024 | USD 99.300 billion |
| Market Size 2032 | USD 151.24 billion |
| Compound Annual Growth Rate (CAGR) | 5.40% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Operating Platforms, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Geberit AG (Switzerland), Fortune Brands Home & Security Inc., LIXIL Group Corporation, Masco Corporation, TOTO LTD, Roca Sanitario S.A., GWA Group Limited (Australia), Elkay Manufacturing Company, Kohler Co. (U.S.), Hindware Homes. |
| Key Market Opportunities | Emerging economies quickening urbanization and industrialization |
| Key Market Dynamics | The industry of home building is expanding. |
Plumbing Fixtures Fittings Market Highlights:
Frequently Asked Questions (FAQ) :
The plumbing fixtures and fittings market is projected to grow from USD 95.300 Billion in 2023 to USD 151.24 Billion by 2032
The market is projected to grow at a CAGR of 5.40% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the market.
The key players in the market are Geberit AG (Switzerland), Fortune Brands Home & Security Inc., LIXIL Group Corporation, Masco Corporation, TOTO LTD, Roca Sanitario S.A., GWA Group Limited (Australia), Elkay Manufacturing Company, Kohler Co. (U.S.), Hindware Homes.
The vitreous china category dominated the market in 2021.
The toilet fixtures & fittings had the largest share in the market.
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