Plumbing Fixtures & Fittings Market 2019-2025
New Market Study, Report “Plumbing Fixtures & Fittings Market 2019 Global Industry Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2025” Has been Added on WiseGuyReports.com.
Construction Market Growth with Increased Consumption of Plumbing Fixtures & Fittings
This report provides in depth study of “Plumbing Fixtures & Fittings Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Plumbing Fixtures & Fittings Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The global plumbing fixtures and fittings market report is an in-depth study on growth drivers, trends, and economic forecast. Recent economic slowdown had slowed the growth of the construction sector and subsequently clouded forecast. Moreover, the fall in home-owners in the US has also been a worry. However, the rising trend towards mobile homes and commitment to the improvement of infrastructure are likely to drive the growth of the global plumbing fixtures and fittings market in the near future. Major economies, including the US, China, and India, have committed to expansive infrastructure improvements with more investments in airports, highways, and other public facilities. The construction sector is likely to double by 2030, due to rising investment in large infrastructure projects. Moreover, low-cost mobile homes have nearly doubled in the US. In Houston region, rents for mobile homes are as low as $393 as opposed to 1600 for a conventional apartment.
When it comes about the key players of the industry, the names like American Bath Group (USA), American Standard Brands (USA), Armitage Shanks (UK), Asahi Eito. (Japan), Cera Sanitaryware (India), Jacuzzi (USA), Jaquar and Company (India), Kohler (USA), LIXIL Corporation (Japan), MAAX Bath (Canada), Masco (USA), Moen (USA),Elkay Manufacturing (USA), Geberit (Switzerland), Grohe (Germany), Hindustan Sanitaryware & Industries (India), Ideal Standard International (Belgium), Roca Bathroom Products (India), Roca Sanitario (Spain), Roca UK (UK), Spectrum Brands (USA),Toto (Japan), Villeroy & Boch (USA) etc. do appear at the front Row.
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The plumbing fixtures and fittings market report is segmented on the basis of material type into vitreous China, metal, and plastics. Among these, vitreous china offers a combination of advantages from metal and plastic. The conventional demand for metal and plastics will be promising. However, Vitreous China material segment is worth watching out for as awareness rises for the material. Moreover, the plumbing fixtures and fittings market report will cover application in residential buildings, industrial buildings, and commercial buildings as well. The rising demand for smart plumbing in a residential building will be worth looking out for. Potential investors can customize the report to choose additional segments such as these.
The plumbing fixtures and fittings market report will cover all key regions of the globe including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific is expected to register highest CAGR in the near future. The rising construction of housing in the region, and demand for plumbing fixtures in manufacturing industry is likely to drive growth in the region.
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In October 2018, the US government imposed section 301 on plumbing-related products and components. This increased amounted to 25% and applied to $200 billion in total worth of products. According to Homebuilders, the tariffs are not ideal for the industry as it can result in a $8000 increase in costs of homes. The rising prices of plumbing are likely to drive further growth for mobile home solutions in the near future.
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