Total Value of thePlumbing Fixtures Market Value Predicted To Reach US$ 150.4 Billion By 2028 (Covering Covid-19 Impact: Acumen Research and Consulting):
Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Plumbing Fixtures Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2021-2028”
LOS ANGELES, Aug. 19, 2021 (GLOBE NEWSWIRE) -- The Global Plumbing Fixtures Market is expected to grow at a CAGR of around 6.2% from 2021 to 2028 and to reach around US$ 150.4 Bn by 2028.
North America dominates; Asia Pacific registers fastest growing CAGR for plumbing fixtures market worldwide:
North America accounted for the dominating share of the plumbing fixtures market in 2020 and is expected to maintain this trend throughout the forecast period. This is because of rising construction spending, home decor for larger kitchens, and more bathrooms. Also, in the commercial market, the demand for plumbing fixtures is increasing, which is fueled by spending on plumbing fixture-intensive buildings such as schools and healthcare facilities. Furthermore, the high demand for water-efficient plumbing fixtures boosts the popularity of water-saving products in both residential and commercial applications. Manufacturers are advancing technology to improve the performance of water-efficient fixtures. Such factors have a positive impact on regional growth, which in turn contributes to overall market growth for plumbing fixtures.
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