Lewes, DE -- (SBWire) -- 01/21/2016 --Report forecast the global faucet market to grow at a CAGR of 8.52% during the period 2016-2020.
A faucet is a sanitary-ware fitting that controls the flow of water from the pipe. The development of the retail industry worldwide has brought about significant changes in retail distribution with the emergence of a variety of distribution channels for sanitary-ware products. Bathrooms are becoming more eco-friendly, which saves water and gives facility to end-users. From cisterns to waterless urinals, and faucets to showers, each and every fitting and fixture is designed to give more comfort to end-users.
The report covers the present scenario and the growth prospects of the global faucet market for the period 2016-2020. To calculate the market size, the report has taken into consideration the sales of faucets across the globe.
Geographical segmentation covered in the report includes:
- Americas
- APAC
- EMEA
According to the report, the global faucet market is compelled by many growth factors, one of which is the booming construction industry and growth in commercial construction. Additionally, hotel renovation projects coupled with rapid urbanization is expected to increase the demand for faucets during the forecast period.
Further, the report states that compliance to standards and plumbing codes is one of the major challenges.
Global Faucet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Faucet Market 2016-2020: Grohe Group, Kohler, Masco Group and TOTO
Other Prominent Vendors in the market are: MAC Faucet, ROHL, Elkay Manufacturing Company, Danze, AGMECO, Wenzhou Times, Jaquar, Cera Sanitaryware, Vitra, and Danube Group.
Market driver
- Rapid urbanization
- For a full, detailed list, view our report
Market challenge
- Compliance to standards and plumbing codes
- For a full, detailed list, view our report
Market trend
- New product innovations
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 69 pages and 41 Exhibit "Global Faucets Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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