Plumbing Fittings in the US by Type, Market and Region
LONDON, Oct. 30, 2017 /PRNewswire/ -- Growth in building construction spending will drive gains.
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In the residential market, design trends calling for homes to have larger kitchens and additional bathrooms will further boost gains.
Spending on plumbing fitting-intensive buildings such as schools and healthcare facilities will drive growth in the commercial market.
Key Findings in the Plumbing Fittings Study:
Increased Residential Construction Expenditures to Drive Growth
The residential improvement and repair market accounts for nearly half of total plumbing fittings demand in the US.
Going forward, many homeowners are expected to undertake bathroom and kitchen renovation projects to make their properties more luxurious while increasing property value.
This will drive demand for a variety of fittings used in kitchen sinks, lavatories, bathtubs, showers, and other applications.
Further demand gains will occur in the new residential market due to the construction of new homes built with larger kitchens and additional bathrooms in accordance with consumer tastes.
Rising Commercial Building Spending to Boost Fittings Demand
Construction spending on commercial buildings is expected to continue to rise through 2021.
These structures include schools, healthcare facilities, and offices, most of which contain a large number of bathrooms and elaborate kitchens.
Construction activity for these buildings will boost demand for fittings in both new and replacement applications.
Bathtub and Shower Fittings to Grow the Fastest
Continued homeowner interest in bathroom renovations will boost demand for the lavatory, bathtub, and shower fittings used in these projects.
Some homeowners will install new bathrooms in order to increase the value or luxuriousness of their house.
Other older homeowners looking to age in place will install safer, easy-to-use fittings in their bathrooms.
Further Adoption of Water-Efficient Plumbing Fittings
Plumbing fittings demand will also benefit from the increased use of water-efficient showerheads and faucets in both the residential and commercial markets.
Mandatory standards and/or financial incentives pertaining to water efficiency will drive sales of these higher-value products.
Study Coverage
This study presents historical demand (2006, 2011, and 2016) and forecasts for 2021 by fittings type (lavatory, bathtub and shower, kitchen and other sink, and other), market (residential, commercial, and transportation) and Census region (Northeast, Midwest, South, West).
The study also evaluates company market share and provides analysis on industry competitors including American Bath, Bradley, Elkay, Fluidmaster, Fortune Brands, Globe Union, Jacuzzi Brands, Kohler, LIXIL, Mansfield Plumbing Products, Masco, Sloan Valve, Spectrum Brands, and TOTO.
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