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.
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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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 end user
- Shower head
- North America
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