Plumbing Components Market Analysis, Trends and Forecast, 2020–2027 – The Manomet Current

According to a recent report published by Allied Market Research entitled: “Plumbing Components Market by Application, End User and Product: Global Opportunity Analysis and Industry Forecast, 2020-2027,” the global plumbing components market was worth $58.5 billion in 2019 and is expected to reach $78.2 billion by 2027, growing at a CAGR of 5.6% from 2020 to 2027.

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Plumbing components include fittings, manifolds, pipes and valves installed in the plumbing connection in conjunction with plumbing equipment to complete the operation. The residential segment includes sanitary components installed in bathrooms or toilets and kitchens of single houses or bungalows, flats, townships and private buildings. Plumbing components used in kitchens, toilets or bathrooms in hotels, shopping malls, offices and public places are considered as non-residential category.

The renovation of old bathrooms and kitchens in residential and utility buildings and new construction projects are driving the market for sanitary components. Also damaged or broken components have to be replaced and thus increase the sales of sanitary components. Furthermore, part of the renovation work is also carried out when the houses, bungalows or flats have been sold and the new owner wants to refurbish the house.

In addition, the installation of technically advanced sanitary equipment by replacing the old equipment is another factor for the sale of sanitary components. Manufacturers have recognized the opportunities for market growth and have adopted various strategies such as new product launches, business acquisitions and business expansion to offer the customer a wide range of products and expand their product offerings in the new regions.

protagonists

Aalberts NV (Lasco Fittings), Central States Industrial, Finolex Industries Ltd., McWane, Inc., Morris Group (Acorn), Mueller Industries, Nupi Industrie Italiane SpA, Reliance Worldwide Corporation Ltd., Turnkey Industrial Pipe & Supply Inc., and Uponor Corporation.

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Geographical rating

North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific) , and LAMEA (Latin America, Middle East and Africa).

Main market segments

By product

  • Equipment
  • Manifolds
  • blowjobs
  • valves

By end user

  • residential
  • non-residential

On request

  • Bathtubs
  • Shower head
  • taps
  • others

Per region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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About us

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides unparalleled quality market research reports and business intelligence solutions to global enterprises as well as medium and small businesses. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.

We have professional business relationships with various companies and this helps us to dig up market data that helps us generate accurate tables of research data and confirm pinpoint accuracy in our market forecasts. All data presented in the reports published by us has been extracted through primary interviews with top executives of leading companies in the respective field. Our secondary data procurement methodology includes in-depth online and offline research and discussion with expert professionals and industry analysts.

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