Europe Faucet Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Faucet Market Analysis
The coronavirus outbreak has had a substantial impact on a wide range of businesses as well as on every link in the supply and value chains of those industries. One such sector that is currently struggling as a result of the pandemic is consumer goods. One of the key components of the value chain for the European faucets market is the supply of raw materials. Here, key players and vendors are having difficulties because of poor logistics, poor traffic management, and restrictions on public movement in the affected Europe, all of which can cause supply disruptions. Major market actors have been forced to reconsider their risk management and contingency preparations as a result of the pandemic. The market's key players are concentrating on regaining their business in an effort to overcome this condition.
One of the key elements fueling the expansion of the European faucet industry is the rise in customers' disposable income. Bathroom accessories are among the most important smart items that manufacturers and customers are focusing on more and more. Manufacturers are offering a broad variety of digital and electronic faucets for the home and commercial sectors thanks to the advent of contemporary revolutionary technology. For instance, 'Reflex', a new faucet line for kitchen and bathroom applications, was introduced in January 2022 by Daniel Rubinetterie, a creative maker in Europe. The increasing desire to build a modern, opulent home also creates a need for renovated kitchen settings, which in turn fuels the market for kitchen products.
Europe Faucet Market Trends
This section covers the major market trends shaping the Europe Faucet Market according to our research experts:
Rising New Construction of Residential Apartment
Rising new residential unit construction, development in commercial spaces, home renovation, and faucet replacement are the factors propelling the growth of the manual segment in the Europe faucet market. The major market participants are providing a one-stop shop solution for all the sanitary ware and fitting equipment due to the growing demand of modernised bathrooms and synchronised sanitary-ware, fittings, and accessories. The relevance of this store has increased, and major players have developed "Experience-Centers," which are one-stop shopping destinations where customers can virtually touch and examine sanitary equipment and other associated items.
Increasing Of Modular Bathrooms Due to Smart Home Trends
Customers are choosing high-tech, sophisticated in-built bathroom appliances as the popularity of modular bathrooms rises in Europe. Thus, the increased use of faucets in modern bathrooms is anticipated to fuel market expansion throughout the course of the forecast period. Because of the widespread use of several faucets in bathrooms and washrooms, the bathroom faucet market category represented the biggest share of the overall faucet market. Bathroom accessories are among the most important smart items that manufacturers and customers are focusing on more and more. Manufacturers are offering a broad variety of digital and electronic faucets for the home and commercial sectors thanks to the advent of contemporary revolutionary technology.
Europe Faucet Industry Overview
The report covers major players operating in the Europe faucet market along with their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity which will help them to increase exports.
Europe Faucet Market Leaders
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Kohler
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Masco Corporation
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Toto
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Fortune Brands
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Briggs Plumbing
*Disclaimer: Major Players sorted in no particular order
Europe Faucet Market News
- In March 2022, TOTO introduces two new automatic faucet sets that include the water-saving ECO CAP and SELFPOWER technologies. These series, which are ideal for hotel bathrooms and public restrooms, have each won the international Red Dot Award and Green Design Award for their exceptional designs. There is a great faucet for every washbasin, from self-rim and undercounter washbasins to furniture washbasins and vessels, and they are all available in a variety of various forms.
- In May 2020, With its clever accessories, TOTO consistently manages to increase cleanliness and convenience in the bathroom. The four most recent WASHLETTM models, RW, SW, RX EWATER+, and SX EWATER+, include every comfort and hygiene technology imaginable. TOTO has now advanced this by offering these units with an optional automated flush.
Europe Faucet Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porters' Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights of Technology Innovations in the Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By product type
- 5.1.1 Ball
- 5.1.2 Disc
- 5.1.3 Cartridge
- 5.1.4 Compression
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5.2 By technology
- 5.2.1 Manual
- 5.2.2 Automatic
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5.3 By Material used
- 5.3.1 Stainless steel
- 5.3.2 Chrome
- 5.3.3 Bronze Plastic
- 5.3.4 Others
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5.4 By application
- 5.4.1 Bathroom
- 5.4.2 Kitchen
- 5.4.3 Others
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5.5 By end use
- 5.5.1 Residential
- 5.5.2 Commercial
- 5.5.3 Industrial
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5.6 By Geography
- 5.6.1 Europe
- 5.6.1.1 UK
- 5.6.1.2 Italy
- 5.6.1.3 France
- 5.6.1.4 Germany
- 5.6.1.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concetration Overview
-
6.2 Company Profiles
- 6.2.1 Kohler
- 6.2.2 Masco Corporation
- 6.2.3 Toto
- 6.2.4 Fortune Brands
- 6.2.5 Briggs Plumbing
- 6.2.6 Grohe
- 6.2.7 Roka
- 6.2.8 Elkay
- 6.2.9 LIXIL Corporation
- 6.2.10 Lota Corporation*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityEurope Faucet Industry Segmentation
A device known as a faucet controls how much liquid, gas, or oil comes out of a pipe or vessel. It is also known as a tap and cock. A faucet is made up of a tube spout and a stopper that may be moved, such as a spigot, valve, or slide. When the handle of a faucet is turned on, a valve that regulates the flow of liquid or gas opens. The user's wants can be accommodated by altering the liquid flow. Faucets come in a variety of colours, price ranges, materials, and styles depending on what the user wants and needs. Europe Faucet market is segmented By Product Type (Ball, Disc, Cartridge and Compression), By Technology (Manual, Automatic), By Material Used (Stainless Steel, Chrome, Bronze Plastic, Others), By Application (Bathroom, Kitchen, Others), By End Use (Residential, Commercial, Industrial), and By Geography (UK, Italy, France, Germany, Rest of Europe).
| By product type | Ball | |
| Disc | ||
| Cartridge | ||
| Compression | ||
| By technology | Manual | |
| Automatic | ||
| By Material used | Stainless steel | |
| Chrome | ||
| Bronze Plastic | ||
| Others | ||
| By application | Bathroom | |
| Kitchen | ||
| Others | ||
| By end use | Residential | |
| Commercial | ||
| Industrial | ||
| By Geography | Europe | UK |
| Italy | ||
| France | ||
| Germany | ||
| Rest of Europe |
Europe Faucet Market Research FAQs
What is the current Europe Faucet Market size?
The Europe Faucet Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Europe Faucet Market?
Kohler, Masco Corporation, Toto, Fortune Brands and Briggs Plumbing are the major companies operating in the Europe Faucet Market.
What years does this Europe Faucet Market cover?
The report covers the Europe Faucet Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Faucet Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Faucet in Europe Industry Report
Statistics for the 2024 Faucet in Europe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Faucet in Europe analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
