Report ID: SQMIG20B2042
Report ID:
SQMIG20B2042 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
172 |
Figures:
79
Faucet Market size was valued at USD 20.6 Billion in 2023 and is poised to grow from USD 22.19 Billion in 2024 to USD 40.17 Billion by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
The faucet is the metal portion through which water flows; it is the entire system for regulating the flow of water. It typically comprises a handle, cartridge, spout, mixing chamber, aerator, and an intake source made of brass, steel, die-cast zinc, and chrome-plated plastic. Pull-down, pull-out, hands-free, bar, pot, and side spray faucets are some of the most regularly used faucets. In addition, single and dual-control cartridge faucets are employed in residential applications. Single control variations have a metal or plastic core that functions vertically, whereas dual control variants include a metal ball with spring-loaded rubber seals placed into the body. These faucets are available in a variety of colours, designs, and finishes that may be tailored to meet the needs of the customer.
Bathroom accessories are crucial smart goods that are gaining popularity among both customers and producers. Manufacturers are supplying a broad selection of digital and electronic faucets for the home and commercial sectors with the introduction of current creative technology. The growing popularity of multi-functional faucets and the emphasis on aesthetic appeal are driving up market demand for faucets. One of the key elements driving worldwide market expansion is an increase in consumer disposable income. A growth in the renovation trend, and hence the adoption of stylish and smart bathroom accessories, is expected to drive market demand. Increased industrial investment and increasing urbanisation are likely to fuel market expansion over the forecast period.
US Faucet Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20B2042