Market Study Report adds global Luxury Plumbing Fixtures market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Selbyville, DE -- (SBWIRE) -- 10/12/2018 -- Market Study Report adds a new Luxury Plumbing Fixtures Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Luxury Plumbing Fixtures Market is estimated to exceed USD 26 billion by 2024; according to a new research report. Rising purchasing power coupled with increasing demand for premium and advanced bathrooms and kitchens are key factors fueling luxury plumbing fixtures market growth. Factors such as government supported residential building upgradation and renovations due to disaster will propel the industry expansion. Key trending factors including integrated high-low sprinklers thermostatic faucets and chromotherapy to integrate bathroom spaces will drive luxury plumbing fixtures demand.
Global luxury plumbing fixtures market share is highly fragmented owing to the low entry barriers in the industry. Some of the key players of the industry include Cera Sanitaryware, Bradley Corporation, Delta, Gerber and Kohler. Other key industry player in the industry include Sterling Faucet Company, Natphil, The Noble Corporation, Matco-Norca, Fiberez Bathware and Toto.
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APAC luxury plumbing fixtures market accounted for more than 25% of overall industry share in 2016. Increase in urbanization and change in lifestyle specifically in China, India, and Thailand will drive segment growth. Easy product availability in India and China owing to the country's recognition as manufacturing hub will provide opportunities for industry expansion.
Rise in bathroom and kitchen remodeling projects among middle class population will support the product demand. However, high and fluctuating prices of metals and ceramic used in manufacturing may impact the industry expansion. Stringent regulations to meet the efficiency and safety of products are among the major challenges faced by the luxury plumbing fixtures market players.
Luxury plumbing fixtures market from residential application will witness growth over 4.9% up to 2024. Thriving population growth, increase in new housing supply and easy mortgage rates are expected to drive segment growth. Affordable government housing initiatives influencing customers focus towards premium interiors will boost the sector growth. In the UK, changes in the pension systems is encouraging aging population 'empty nesters' to spend more on home interiors and renovations.
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Inclination towards new and improved designs & technology for comfort and aesthetics will stimulate product penetration in residential and commercial sector. Introduction of various innovative products including water efficient systems will create lucrative opportunities for luxury plumbing fixtures market growth. Increasing preference for low flush toilets with wastewater collection and treatment system will enhance the product penetration. Hospitality industry expansion owing to increased leisure and business tourism will support luxury plumbing fixtures market demand in commercial sector.
Bathroom luxury plumbing fixtures market was valued over USD 15 billion in 2016. Introduction of smart homes with compact spaces, that are unsuitable for installation of bathtubs will support showers demand. Superior design, style, and functionality along with less space requirement will remain key factors fueling industry growth in this segment. Product innovation including rain showerheads, therapeutic lights, digitally controlled configurations for spray and low flow will open new avenues in the market.
Table of Content:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Luxury plumbing fixtures industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Fixtures trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Luxury Plumbing Fixtures Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
220.127.116.11. Key player's role
18.104.22.168. Product portfolio
22.214.171.124. Global presence
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. North America
3.6. Industry best practices & key buying criteria
3.7. Pricing analysis, by region
3.7.1. North America
3.7.3. Asia Pacific
3.7.4. Latin America
3.8. Cost structure analysis
3.9. Innovation & sustainability
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