Faucet Market

Faucet Market Overview

The global Faucet Market size was valued at USD 35.72 billion in 2024 and is predicted to reach USD 54.68 billion by 2030 with a CAGR of 7.4% from 2025-2030. 

The faucet industry also referred to as the taps industry, deals with products meant to control water flow in homes, businesses, and industries. Urbanization, adoption of new technology, and growth in construction industry drives market growth. Nonetheless, the costs of sink fitting hinder market growth. At the same time, growth in sustainable and green faucets is anticipated to hold considerable growth possibilities in the future. Furthermore, the major players of the market including Kohler Co., Duravit AG, Delta Faucet Company, brings varied development to the market by their innovative approaches.

The Increase in Urbanization Spurts Market Growth

The increase in urbanization drives the faucet market growth as a result of the rising need for contemporary plumbing systems in urban areas. This trend calls for effective water management systems that support increased consumption levels and minimize water wastage. As per the most recent report of the World Bank Group, the world urban population grew from 4.38 billion in 2020 to 4.6 billion in 2023, a 5% increase in 3 years. The growth in urban population indicates the need for plumbing solutions to evolve with the changing requirements of the urban population, thus boosting market growth.

Increase in Technological Developments Faucet Market Growth

Heightening technological innovations such as touchless sensors propel market growth because of increased demand for hygiene in companies and households. Such innovations raise user experience because they provide hand-free use, prevent the transfer of germs, and aid in water savings. For example, in May 2024, Delta Faucet Company rolled out its advanced touch faucet equipped with touchless technology at the kitchen & bath industry show. This innovation seeks to ease kitchen operations and enhance hygiene by offering three operating modes such as waving a hand, tapping the tap, or operating the conventional handle. Therefore, such innovations illustrate the direction of the industry towards more efficient and sanitary solutions in plumbing fixtures in response to the changing demands of consumers. 

Construction Industry Growth Drives Faucet Market Demand

The expansion of the construction sector propels the market growth because there is a heightened need for high-quality, plumbing fixtures enhancing the functionality of residential and commercial areas. The Infrastructure & Cities for Economic Development reports that the GDP of the construction industry made a contribution of 13% in 2017 and is anticipated to increase to 14.7% by 2030. Thus, this increase in the GDP of the construction industry emphasizes the heavy demand for better plumbing solutions, which, in turn, drives the growth of the market.

High Upfront Cost Hinders Market Expansion

The exorbitant prices of the installation and replacement services of the sink for the faucet hinders homeowners from preferring professional services and thus constraining the market to grow.

Transition to Sustainable Products Provides Opportunities

The growth of sustainable faucets is likely to provide immense growth prospects in the future. These technologies minimize water usage and encourage environmental preservation, in line with increasing consumer demand for green products. In September 2024, Chicago Faucets introduced the EQ Arc, a sustainable faucet that saves water at 0. 50 gallons per minute, perfect for high-traffic buildings. This transition to sustainable solutions is expected to grow the use of green faucets in different industries, resulting in sustainable long-term market growth.

Market Segmentations and Scope of the Study

The faucet market report is segmented on the basis of type, material type, installation type, functionality, application, end users, and region. On the basis of type, the market is classified into ball, disc, cartridge, and compression. On the basis of material type, the market is segmented into brass, stainless steel, plastics, and others. On the basis of installation type, the market is classified into wall mounted and deck mounted. On the basis of functionality, the market is divided into manual and automatic. On the basis of application, the market is distributed into bathroom, kitchen, and others. On the basis of end users, the market is divided into residential, commercial, and industrial. The regional breakdown includes regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Geographical Analysis

Asia-Pacific leads in the Smart faucets business and is expected to continue so in the future. This is because of the robust hospitality industry in the region, which fuels demand for new-age plumbing fixtures. The growth of hotels and other similar facilities increases the need for modern taps that enhance the guest experience and water conservation. India's hotel industry is projected to increase to USD 24. 61 billion in 2024 and USD 31. 01 billion by 2029, as per the India Brand Equity Foundation report. This expansion boosts the demand for innovative plumbing solutions to enhance customer satisfaction and sustainability.

Additionally, urbanization growth within the region accelerates the growth of the market because the needs for contemporary bathroom fittings increase as there are newer residential and business buildings. Based on the World Bank Group recent report, the population percentage in the cities rose from 59% in 2018 to 65% in 2023, which was an improvement by 10% within a period of 5 years. This trend in urbanization thus spurs the expansion of the market by driving demand for sophisticated plumbing solutions in city commercial and residential developments.

North America will experience consistent growth in the faucet market share because of rising investment in the construction industry. The investment increases the need for new-age plumbing fixtures in new construction. According to Statistics Canada, construction investment in Canada increased from USD 13. 37 billion in June 2023 to USD 15. 52 billion in June 2024, an increase of 16. 1%. This rise in construction investment favors the demand for innovative plumbing solutions.

Also, increasing disposable income fuels the growth of the market as consumers make higher purchases on new-age plumbing fixtures for remodeling homes, offering improved design and functionality. Per capita disposable income was USD 46,720 in 2022 in U.S., as per Energy Information Administration, and it’s estimated to reach USD 49,193 by 2025, a three-year increase of 5%. Such growth helps boost the commercial faucets market through the need for updated fixtures in residential remodels.

Competitive Landscape

Various market players operating in the faucet industry are Kohler Co., Duravit AG, Delta Faucet Company, Moen Incorporated, Lixil Group, Masco Corporation, Roca Sanitario, S.A., Cera Sanitaryware Ltd., Hindware Limited, Meridian International Group, and others. These market players continue to adopt various market development strategies including launches to maintain their dominance in the market.

For example, in September 2024, Graff introduced a new collection of touchless sensor faucets for contemporary bathrooms, promoting user convenience and hygiene by hands-free functionality. Perfect for high-traffic environments, these products combine creative design with advanced features and integrate flawlessly into contemporary settings.

Additionally, in April 2024, Duravit launched three new faucet series, including the DuraStyle, DuraSquare, and DuraPlan designed to add functionality and beauty to bathrooms and kitchens.The series focuses on durability and ease of use, accommodating different tastes while meeting the demand for fashionable and efficient fixtures.

Key Benefits

• The report provides quantitative analysis and estimations of the faucet market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the faucet industry including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the faucet market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders

Faucet Market Key Segments

By Type

• Ball

• Disc

• Cartridge

• Compression 

By Material Type 

• Brass

• Stainless Steel

• Plastics

• Others 

By Installation Type 

• Wall Mounted

• Deck Mounted 

By Functionality

• Manual

• Automatic 

By Application

• Bathroom

• Kitchen

• Others 

By End Users

• Residential

• Commercial

• Industrial 

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Kohler Co.

• Duravit AG

• Delta Faucet Company

• Moen Incorporated

• Lixil Group

• Masco Corporation

• Roca Sanitario, S.A.

• Cera Sanitaryware Ltd.

• Hindware Limited

• Meridian International Group

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 35.72 Billion
Revenue Forecast in 2030	USD 54.68 Billion
Growth Rate	CAGR of 7.4% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The rise in urbanization propels the growth of the market. Technological advancements including touch-free sensors drives the growth. The growth of the market is fueled by the expansion of the construction sector.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.