Plumbing Fixtures Market Share

North-America Market Analysis-

The North America plumbing fixtures market is predicted to have the highest share of 31% during the forecasted period. The growth of the market in the region can be impelled by the increasing technologies, and research & development in the region for plumbing fixtures. In addition, the regulators for sanitation in countries such as the United States implement regulations through different reports that increase the demand for plumbing fixtures. For instance, the National Sanitation Foundation provides standardized sanitation in the United States.

APAC Market Statistics

Asia Pacific is forecast to continue its rapid growth, with a 5.4% compound annual growth rate. The growing number of new construction projects taking place across Asia has contributed to this growth. In addition, the rising trend of modification in washrooms, and kitchens among the middle-class population is further projected to boost the growth of the market in the region. Furthermore, the development of new houses is attached to a proper sanitation system in the region that is surging the demand for plumbing fixtures in the Asia Pacific region.