Plumbing Fixtures in the US by Type, Material, Market and Region
NEW YORK, Oct. 30, 2017 /PRNewswire/ -- Rising building construction spending will drive gains.
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Further bolstering demand will be design trends that call for homes to have larger kitchens and more bathrooms.
In the commercial market, plumbing fixture demand gains will be supported by spending on plumbing fixture-intensive buildings, such as schools and healthcare facilities.
Key Findings in the Plumbing Fixtures Study
Residential Construction Spending to Drive Gains
An expansion in single-family housing construction will boost demand through the installation of multiple plumbing fixtures, including toilets, sinks, and lavatories.
New homes are being constructed with larger kitchens and more bathrooms in order to accommodate consumer preferences.
Additionally, many existing homes are expected to undergo renovations to mirror these trends as homeowners look to make their properties more luxurious while increasing property value.
Commercial Building Construction Expansion to Bolster Fixture Sales
Commercial building construction activity is expected to rise through 2021.
Spending on buildings such as schools, healthcare facilities, and offices will drive demand growth for plumbing fixtures, as most of these structures contain several bathrooms and large kitchens.
Rising Demand for Water-Efficient Plumbing Fixtures
Demand for plumbing fixtures will be boosted by the increased popularity of water-efficient products in both residential and commercial applications.
State-level mandatory standards and/or financial incentive programs regarding the water efficiency of plumbing fixtures such as toilets and urinals will boost demand for these higher-value products.
Additionally, manufacturers are making technological advancements to improve the performance of water-efficient fixtures.
Study Coverage
This study presents historical demand data (2006, 2011, and 2016) and forecasts for 2021 by type (bathtubs and showers, sinks, toilets, and other), material (vitreous china, plastics, metal, and other), market (residential, commercial, and other) and Census region (Northeast, Midwest, South, West).
The study also evaluates company market share and competitive analysis on industry competitors including American Bath, Bradley, Elkay, Fortune Brands, Globe Union, Jacuzzi Brands, Kohler, LIXIL, Mansfield Plumbing Products, Masco, and TOTO.
Read the full report: https://www.reportlinker.com/p05166528
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