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Faucet Market Size

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Report ID: 6049
Published Date: May 23, 2024
Report Format: PDF, PPT

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Faucet Market Size

Faucet Market size was over USD 23 Billion in 2023 and is projected to reach USD 70 Billion by the end of 2036, growing at around 7.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of faucet is assessed at USD 26 Billion.

The faucet market is expected to see a surge in demand due to the growing trend of renovating and the ensuing use of fashionable and intelligent bathroom accessories. The Joint Center for Housing Centers of Harvard University reports that expenditure on home repair projects climbed from USD 328 billion in 2019 to USD 472 billion in 2022, with an anticipated USD 485 billion in spending in 2024.

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Browse Key Market Insights with Data Illustration:

Faucet Market Size & Share, Growth Analysis 2036

Author Credits: Parul Atri

Report ID: 6049
Published Date: May 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the faucet was over USD 23 billion.

The market size for faucets is projected to cross USD 70 billion by the end of 2036 expanding at a CAGR of 7.9% during the forecast period i.e., between 2024-2036.

The major players in the market are Kraus, USA Plumbing LLC, American Standard Brands, Grohe America Inc., Pfister, Delta Faucet Company, Moen Incorporated, and others.

The manual segment is anticipated to garner a share of 60% during 2024-2036.

The North America faucet sector is poised to hold a 33% share by the end of 2036.

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