PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1487684
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1487684
Bathroom Plumbing Fixtures Market size is expected to register 5.4% CAGR from 2024 to 2032, attributed to the increasing focus on home renovations and remodeling projects to meet the changing consumer preferences and lifestyle trends. Lately, consumers are increasingly investing in modern and stylish plumbing fixtures to enhance the aesthetic appeal and functionality of their bathrooms.
As the urban population is rising, there is a corresponding increase in the construction of residential and commercial properties leading to higher demand for bathroom plumbing fixtures. As per World Bank, currently, more than half of the global population resides in urban regions. Moreover, government initiatives for promoting water conservation and sustainable development will encourage the adoption of eco-friendly plumbing fixtures. The growing awareness of hygiene and sanitation, particularly in the wake of global health concerns, is also driving the demand for high-quality plumbing fixtures to facilitate cleanliness and sanitation in bathrooms.
The bathroom plumbing fixtures industry is classified on the basis of product, distribution channel, price range application, end- use and region.
Based on product type, the market size from the showers segment is poised to witness 5.4% CAGR from 2024 to 2032. The growth is favored by the rising popularity of showers among consumers due to their convenience, efficiency, and water-saving features compared to traditional bathtubs. As lifestyles become more fast-paced, showers offer a quick and refreshing bathing experience, driving their adoption in residential and commercial settings. Additionally, advancements in shower technology, such as thermostatic controls, customizable spray patterns, and smart connectivity are enhancing the user experience.
In terms of end-use, the bathroom plumbing fixtures market value from the commercial segment is anticipated to observe 5.6% growth rate during 2024-2032. The ongoing expansion of commercial spaces, such as offices, hotels, restaurants, and healthcare facilities is necessitating the installation of high-quality plumbing fixtures to meet the demands of employees, guests, and patrons. The increasing focus on enhancing the overall customer experience in commercial establishments coupled with the growing trend of sustainable and eco-friendly practices will also fuel the demand for innovative and durable plumbing fixtures.
North America bathroom plumbing fixtures industry size will grow significantly at 5.5% CAGR through 2032, backed by the robust construction sector, in residential and commercial building projects. Changing consumer preferences towards luxury and wellness-focused bathroom experiences along with increasing awareness of water conservation will drive the adoption of high-quality plumbing fixtures. The presence of leading manufacturers and innovative product offerings in the region will also stimulate the market growth.