Residential Faucets Market size is estimated to be USD 5.45 Billion in 2024 and is expected to reach USD 8.12 Billion by 2033 at a CAGR of 4.8% from 2026 to 2033.
In 2022, the global residential faucets market was valued at approximately USD 12.5 billion and is projected to reach USD 15.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2030. Regionally, North America held a significant share, with the faucet market generating revenues of USD 5,761.8 million in 2023 and expected to reach USD 9,154.1 million by 2030, reflecting a CAGR of 6.8% from 2024 to 2030. In the Asia Pacific region, the faucet market is anticipated to grow from USD 2.32 billion in 2023 to USD 4.55 billion by 2033, driven by rapid urbanization and increasing construction activities. The markets growth is propelled by factors such as rising disposable incomes, increasing home renovations, and heightened awareness of water conservation. In India, for instance, the faucet market is projected to grow at a CAGR of 7.1% during 2023–2029, fueled by expanding home ownership and consumer investments in enhancing residential aesthetics. Additionally, the adoption of smart faucets, particularly touchless models, is gaining traction due to their convenience and hygiene benefits, further contributing to market expansion. citeturn0search10
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LIXIL Group
Masco
Spectrum Brands
Zurn Industries
Vigo Industries
BRIZO KITCHEN & BATH COMPANY
Elements of Design
Freuer Faucets
Jaquar
Kingston Brass
Premier Faucet
Ultra Faucets
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Residential Faucets Market
Pull-Down Faucets
Pull-Out Faucets
Single-Handle Faucets
Dual-Handle Faucets
High-Arch Faucets
Low-Arc Faucets
Stainless Steel
Brass
Plastic
Chrome
PVD Coated
Deck Mounted Faucets
Wall Mounted Faucets
Integrated Faucets
Contemporary
Traditional
Transitional
Industrial
Rustic
Touchless Technology
Temperature Control
Water-saving Features
Filtration System
Smart Technology Integration
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Residential Faucets Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Residential Faucets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Residential Faucets Market, By Type
6. Global Residential Faucets Market, By Application
7. Global Residential Faucets Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Residential Faucets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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