India Faucet Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.19 Billion |
| Market Size (2029) | USD 3.13 Billion |
| CAGR (2024 - 2029) | 7.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Faucet Market Analysis
The India Faucet Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 3.13 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).
In the Indian market, demand for bathroom hardware, which comprises faucets as well, is observing continuous growth, creating a positive externality for the sales and demand of faucets. Globally, India exists among the leading five countries for bathroom hardware and faucet market. Continuous expansion of real estate in India is leading to an increase in demand for water supply hardware as well as a rise in sales of faucets by manufacturers and retailers. Among the Indian real estate segment, residential real estate has a significant share in comparison to commercial real estate, resulting in manufacturers designing their products by keeping different segments of customers in consideration.
The share of India's population with access to a household has observed a continuous increase over the years, creating an increase in demand for faucets. Highly populated cities of India are observing a continuous rise in demand for residential spaces and are emerging as spaces for the expansion of faucet sales by manufacturers. Delhi, Mumbai, Kolkata, and Bangalore are among the major Indian markets for the sales of faucets with an expansion of retail stores and franchises of varying brands. Post-COVID-19, the rising disposable income of households led manufacturers to launch premium faucet products as an increasing population is focusing on the looks and design of their kitchens and bathrooms.
These trends are leading to India emerging as a major market for faucet manufacturers, with an increasing expenditure by manufacturers on advertising and expanding their product sales.
India Faucet Market Trends
Rising Demand for Automatic Faucets is Driving the Market
Revenue of smart homes in India has observed a continuous increase over the years leading to an increasing demand for automatic faucets in the residential as well as commercial spaces. Automatic faucets consist of sensors by which users can handle them without physically touching them, for which automatic taps equipped with sensors are the best example. In India, users of different smart home segments which include faucets market products as well have observed a continuous increase, resulting in an increasing number of residential as well as commercial spaces demanding automatic faucets. Rising per capita income in India is leading to an increasing number of manufacturers expanding their premium faucet products equipped with automatic features. These trends are leading to automatic faucets emerging as a major product in the market with an increasing number of manufacturers investing in technology advancement to enable their products with more automatic features.
Increasing Demand from Residential Segment
Among the real estate in India residential segment exists with a significant share of more than 80% in comparison to commercial real estate, resulting in the residential segment existing as a major demand channel for faucets. Rising residential segments have led to an increase in bathroom and kitchen space with their requirement to be equipped with facets and demand for different styles/types of faucets from the manufacturers. In India, Bangalore, Pune, Hyderabad, and Delhi have emerged as major cities for the establishment of residential real estate, leading to a continuous expansion of retailers and manufacturers in the market. These trends are leading to an increasing number of Indian manufacturers as well as foreign players having their eyes on the emerging Indian faucet market. In addition, government schemes/ initiatives of making available water to every household are resulting in an increasing number of deals made for procuring faucets.
India Faucet Industry Overview
India's faucet market is fragmented, with a large number of manufacturers existing in the market. Existing players in the Indian faucet industry, through product and technological innovations, are making efforts to expand their market share and capture new segments and population groups. Some of the existing players in the Indian faucet market are Kohler, Jaquar, Roca, Cera, and Waterman.
India Faucet Market Leaders
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Kohler
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Jaquar
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Roca
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Cera
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Waterman
*Disclaimer: Major Players sorted in no particular order
India Faucet Market News
- August 2023: Hindware Limited launched an array of innovative faucets in its product line, which consists of two new faucet ranges, “Fabio” and “Agnese,” featuring ground-breaking technology, style, and creativity. The expansion is aimed at providing integrated solutions with improved customer convenience, targeting its range of customers, Architects, Dealers, and Builders.
- January 2022: Pearl Precision, which manufactures sanitary ware and bathroom accessories, launched state-of-the-art bathroom accessories comprising the C.P. Faucets family collection range, P.T.M.T. Taps, and other products existing with a sleek finish and latest design. The products were made available in are available in all the retail hardware and bathware stores.
India 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
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4.2 Market Drivers
- 4.2.1 Increasing Construction of Residential and Commercial Space
- 4.2.2 Government Policies Favoring Sales of Faucets in the Market
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4.3 Market Restraints
- 4.3.1 Highly Competitive Market Affecting Small Faucet Manufacturing Businesses
- 4.3.2 Price Fluctuation in Raw Materials Affecting the Manufacturers
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4.4 Market Opportunities
- 4.4.1 Technological and Product Innovation Helping towards Expanding Sales
- 4.4.2 Rising Expenditure by Households on Premium and Attractive Faucets
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights on Key Trends and Technological 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 Installation Type
- 5.3.1 Deck Mount
- 5.3.2 Wall Mount
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5.4 By Material Type
- 5.4.1 Chrome
- 5.4.2 Stainless Steel
- 5.4.3 Brass
- 5.4.4 Polytetra Methylene Terephthalate (PTMT) Plastic
- 5.4.5 Other Material Types
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5.5 By Application
- 5.5.1 Kitchen Faucets
- 5.5.2 Bathroom Faucets
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5.6 By End User
- 5.6.1 Residential
- 5.6.2 Commercial
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5.7 By Distribution Channel
- 5.7.1 B2C/Retail
- 5.7.1.1 Multi-brand Stores
- 5.7.1.2 Exclusive Stores
- 5.7.1.3 Online
- 5.7.2 B2B/Project (architect, interior designers, contractors, etc.)
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Jaquar
- 6.2.2 Kohler
- 6.2.3 Waterman India
- 6.2.4 Roca
- 6.2.5 Cera Sanitaryware Ltd.
- 6.2.6 Cavier
- 6.2.7 Hindware
- 6.2.8 Delta faucet
- 6.2.9 Grohe
- 6.2.10 Toto*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
India Faucet Industry Segmentation
A faucet is a device usually used for controlling the flow of liquid from a pipe. The most common type of faucet used is the different types of tap used in commercial as well as residential spaces. Rising technological innovations are leading to faucets equipped with sensors making automatic flow of water when in use.
The study gives a brief description of the Indian faucet market and includes details on types of faucets, investments by the manufacturers, and technological, product innovation by the manufacturers.
India's faucet market is segmented by product type, by technology, by installation, by material used, by application, by end-user, and by distribution channel. By product type, the market is segmented into ball, disc, cartridge, and compression. By technology, the market is segmented into manual and automatic. By installation, the market is segmented into deck mount and wall mount. By material, the market is segmented into chrome, stainless steel, brass, Polytetra Methylene Terephthalate (PTMT) Plastic, and other materials. By application, the market is segmented into kitchen faucets, bathroom faucets, and other applications. By end user, the market is segmented into residential and commercial. By distribution channel, the market is segmented into B2C/retail, multi-brand stores, exclusive stores, online, and B2B/Project (architect, interior designers, contractors, etc.).
The report also covers the market sizes and forecast for the Indian faucet market in value (USD) for all the above segments.
| By Product Type | Ball | |
| Disc | ||
| Cartridge | ||
| Compression | ||
| By Technology | Manual | |
| Automatic | ||
| By Installation Type | Deck Mount | |
| Wall Mount | ||
| By Material Type | Chrome | |
| Stainless Steel | ||
| Brass | ||
| Polytetra Methylene Terephthalate (PTMT) Plastic | ||
| Other Material Types | ||
| By Application | Kitchen Faucets | |
| Bathroom Faucets | ||
| By End User | Residential | |
| Commercial | ||
| By Distribution Channel | B2C/Retail | Multi-brand Stores |
| Exclusive Stores | ||
| Online | ||
| By Distribution Channel | B2B/Project (architect, interior designers, contractors, etc.) |
India Faucet Market Research FAQs
How big is the India Faucet Market?
The India Faucet Market size is expected to reach USD 2.19 billion in 2024 and grow at a CAGR of 7.40% to reach USD 3.13 billion by 2029.
What is the current India Faucet Market size?
In 2024, the India Faucet Market size is expected to reach USD 2.19 billion.
Who are the key players in India Faucet Market?
Kohler, Jaquar, Roca, Cera and Waterman are the major companies operating in the India Faucet Market.
What years does this India Faucet Market cover, and what was the market size in 2023?
In 2023, the India Faucet Market size was estimated at USD 2.03 billion. The report covers the India Faucet Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Faucet Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Faucet Industry Report
Statistics for the 2024 India Faucet market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Faucet analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
