Faucet Industry Overview

The global faucet market size is expected to reach USD 36.69 billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth in the real estate industry eventually increasing the construction of residential and commercial buildings that require faucet installations is anticipated to fuel the growth of the market.

Due to urbanization, rapidly rising costs of houses and mortgage rates are influencing people to invest more in home-remodeling projects. Hence, this led to an increase in trendy and smart bathroom accessories and further drive the growth of the market for faucets. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry was estimated at USD 385 million in 2019.

Gather more insights about the market drivers, restrains and growth of the Faucet Market

The e-commerce distribution channel is witnessing momentum as the market players are focusing on marketing their products through different digital media platforms. The most commonly used digital mediums are social media accounts or pages and brand websites. Some of the major e-commerce sellers of faucets for kitchens, bathrooms, and other applications are Wayfair LLC, Hausera, Faucet Depot, and Amazon.

Prominent market players like Moen, Delta, and Kohler are offering pull-out and pull-down kitchen faucet technologies to gain substantial market share. These faucets offer hand wave technologies, clap technology, Wi-Fi technology, etc. for the convenience of the consumers and efficient water conservation technologies. The pull out and down kitchen faucets operate at restricted flow rates in an effort to save water as per government regulations.

The faucet industry is fragmented in nature with the presence of a large number of international players and a few regional players such as Kohler Co.; Kraus USA; American Standard Brands; GROHE America Inc.; Pfister; Delta Faucet Company; Moen Incorporated; Aqua Source Faucet.

Browse through Grand View Research's Homecare & Decor Industry Research Reports.

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Faucet Market Segmentation

Grand View Research has segmented the global faucet market based on end-user, application, distribution channel, and region:

Faucet Product Outlook (Revenue, USD Million, 2018 - 2030)

• Ball
• Disc
• Cartridge
• Compression

Faucet Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Manual
• Automatic

Faucet Application Outlook (Revenue, USD Million, 2018 - 2030)

• Bathroom
• Kitchen
• Others

Faucet End User Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial

Faucet Material Outlook (Revenue, USD Million, 2018 - 2030)

• Stainless Steel
• Copper
• Brass & Bronze
• Zinc & Zinc Alloys
• Plastic
• Others

Faucet Finish Outlook (Revenue, USD Million, 2018 - 2030)

• Nickel
• Chrome
• Stainless Steel
• Matte Black
• Others

Faucet Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online
• Offline

Faucet Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Spain
  • Italy
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

Key Companies profiled:

• Kohler Co.
• Kraus, USA
• American Standard Brands
• Grohe America Inc.
• Pfister
• Delta Faucet Company
• Moen Incorporated
• Aqua Source Faucet
• Danze Inc.
• Masko Corporation

 Recent Developments

• In March 2022, Blanco, the kitchen offline solutions brand backed by industry-leading German engineering, introduced new productive accessories and faucet finishes. They have also expanded their metal faucet finish with bold black and luxurious satin gold.
• In January 2022, Moen unveiled its smart faucet. The new feature has a completely hands-free operation, using gestures to control the temperature as well as flow.
• In August 2021, Astral Limited entered the new business vertical of faucets and sanitary ware. The company has 14 manufacturing units spread across India.
• In December 2021, Delta Faucet expanded its kitchen product by launching three workstation sinks to utilize the space and offer maximum personalization.

Order a free sample PDF of the Faucet Market Intelligence Study, published by Grand View Research.