One of the trends is the new product innovations in the faucets market. The global faucet market has been undergoing innovations, which have helped provide consumers with various novel offerings.
Pune, Maharastra -- (SBWIRE) -- 01/19/2016 -- 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. The analysts forecast global faucet market to grow at a CAGR of 8.52% during the period 2016-2020.
Complete report on faucet market spread across 69 pages, profiling 4 companies and supported with 41 data exhibits is now available at http://www.reportsnreports.com/reports/458721-global-faucets-market-2016-2020.html.
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.
Covered in this report
This 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.
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Geographical segmentation covered in the report includes: - Americas, APAC and EMEA
The report, Global Faucet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
Further, the report states that compliance to standards and plumbing codes is one of the major challenges.
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