Global Plumbing Fittings and Fixtures Market: Trends, Growth, and Future Projections
Discover the latest insights into the global plumbing fittings and fixtures market, including emerging trends, market size projections, and key competitors.
The global market for plumbing fittings and fixtures is experiencing steady growth, with an estimated value of US$89 billion in 2022. According to market analysis, this figure is projected to reach US$134.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.3% during the forecast period of 2022-2030.
Bathroom Fixtures & Fittings: A Growing Segment
One of the key segments analyzed in the report is bathroom fixtures and fittings. This sector is expected to record a CAGR of 5.4%, reaching a market value of US$64.7 billion by the end of the analysis period. The demand for bathroom fixtures and fittings is driven by the ongoing post-pandemic recovery and the need for home renovations and improvements.
Regional Market Insights
The United States, with an estimated market size of US$18.9 billion in 2022, is a significant player in the global plumbing fittings and fixtures market. China, the world’s second-largest economy, is forecast to reach a market size of US$37.8 billion by 2030, with a CAGR of 6.5% during the analysis period. Other notable markets include Japan, Canada, and Germany, each expected to grow at varying rates.
