Global Faucet Market Size & Outlook, 2023-2030
Global faucet market, 2018-2030 (US$M)
Related Markets
Global faucet market highlights
- The global faucet market generated a revenue of USD 21,783.5 million in 2023 and is expected to reach USD 36,689.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, offline accounted for a revenue of USD 19,109.9 million in 2023.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 21,783.5 million |
| Market revenue in 2030 | USD 36,689.6 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
Other key industry trends
- In terms of revenue, the North America accounted for 26.5% of the global faucet market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 5,116.1 million by 2030.
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Faucet Market Scope
Faucet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global faucet market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to faucet market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 87.73% in 2023. Horizon Databook has segmented the Global faucet market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
Highly rising costs associated with home prices as well as mortgage rates, consumers are increasingly investing in home improvement or home remodeling projects to revamp their traditional household structure. The growing home values have doubled the homeowner equity in the past five years since 2019.
Moreover, increasing age of the constructed houses also promoted the need for home remodeling which will propel the demand for new stylized home fittings thereby driving the demand for faucets market. For instance, as per blogs published by Forbes in July 2019, 80% of the 137 million homes in the U.S. are 20 years old, while 40% are 50 years old.
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Our clientele includes a mix of faucet market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global faucet market , including forecasts for subscribers. This global databook contains high-level insights into Global faucet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global faucet market size, by region, 2018-2030 (US$M)
Top 10 countries: Faucet market size, 2023 (US$M)
Global faucet market share, by distribution channel, 2023 & 2030 (%, US$M)
Faucet market: Opportunity assessment by country
Global faucet market, by region, 2023 (US$M)
| Distribution Chann... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,986.3 | 5,318.4 | 4,957.3 | 5,183.2 | 5,436.3 | 5,761.8 | 6,113.5 | 6,512.8 | 6,946.7 | 7,417.0 | 7,934.6 | 8,537.9 | 9,154.1 | 6.8% |
| Europe | 4,519.5 | 4,834.3 | 4,519.0 | 4,738.4 | 4,984.0 | 5,297.4 | 5,636.9 | 6,022.2 | 6,441.7 | 6,897.5 | 7,399.9 | 7,985.3 | 8,684.4 | 7.3% |
| Asia Pacific | 3,959.2 | 4,296.4 | 4,074.4 | 4,334.1 | 4,624.9 | 4,986.9 | 5,383.4 | 5,834.8 | 6,331.7 | 6,878.0 | 7,485.9 | 8,195.3 | 9,000.4 | 8.8% |
| Latin America | 2,019.2 | 2,167.5 | 2,033.2 | 2,139.4 | 2,258.2 | 2,408.7 | 2,572.1 | 2,757.6 | 2,960.1 | 3,180.6 | 3,424.3 | 3,708.3 | 4,028.5 | 7.6% |
| MEA | 2,685.4 | 2,906.7 | 2,748.5 | 2,914.4 | 3,098.9 | 3,328.8 | 3,578.6 | 3,861.4 | 4,170.4 | 4,507.4 | 4,879.7 | 5,312.1 | 5,822.2 | 8.3% |
| Overall | 18,169.6 | 19,523.2 | 18,332.3 | 19,309.4 | 20,402.3 | 21,783.5 | 23,284.5 | 24,988.9 | 26,850.5 | 28,880.4 | 31,124.5 | 33,738.9 | 36,689.6 | 7.7% |
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