Plumbing Fixture and Fitting Demand to Reach $13.5 Billion
CLEVELAND, Feb. 15, 2018 /PRNewswire/ -- Demand for bathtub and shower fixtures is forecast to rise 5.7% annually through 2021 to $3.3 billion, both the largest and fastest growing product type for fixtures. Demand for bathtub and shower fittings is forecast to increase 4.4% per year through 2021 to $1.5 billion, the best performance of any major type of fitting in both percentage and dollar terms. Both fixtures and fittings for bathtubs and showers benefit from rising building construction activity. These and other trends are presented in Plumbing Fixtures Market in the US and Plumbing Fittings Market in the US, new studies from The Freedonia Group, a Cleveland-based industry research firm.
More information about these studies is available at https://www.freedoniagroup.com/industry-study/plumbing-fixtures-in-the-us-by-type-material-market-and-region-3545.htm
The largest product in the market for bathtub and shower fixtures, which reached $2.5 billion in 2016, is bathtubs, which are valued for their durability and modest cost compared to other bathtub and shower fixtures. Demand for bathtub and shower fittings totaled $1.2 billion in 2016. The largest product category for fittings is antiscald valves, which are now required to be incorporated into baths and showers.
Through 2021, demand for plumbing fixtures overall is forecast to increase 5.0% per year to $7.6 billion and demand for all types of plumbing fittings is expected to rise 3.3% annually to $5.9 billion. Demand for fixtures and fittings will be driven by:
-- increased homeowner interest in the construction of additional bathrooms
and the renovation of existing bathrooms
-- growth in new housing construction
-- rising construction of such buildings as schools, hotels, office
buildings, and healthcare facilities that have intensive demand for
plumbing fixtures and fittings
-- the ongoing trend toward larger kitchens in new homes
About The Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Construction & Building Products studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group
