Brass Faucets Market Size, Share, Growth, and Global Industry Analysis by Type (One-Handel Brass Faucets, Two-Handel Brass Faucets, Pillars Brass Faucets, and Others) By Application (Residential, Commercial, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

BRASS FAUCETS MARKET REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global brass faucets market size is expected to be USD 13,540 million in 2022 and is expected to reach USD 20649.35 million in 2031, at a CAGR of 4.8% during the forecast period.

A faucet is a device for directing the flow of a liquid from a tank. Brass faucets are prepared from brass, a mix of copper, zinc, and a small amount of lead. Faucets are devices that control the flow of water in a plumbing structure. They're usually seen in the kitchen, bathroom, and other areas where water is essential on a regular basis. Faucets are accessible in a varied collection of styles, shades, and textures to achieve numerous consumer requirements. Typically, faucets are made of corrosion-resistant ingredients. The most common materials are brass and stainless steel, but cheap models can also be prepared for zinc alloy. Faucet textures are typically available in brass, nickel, pewter, and gold, and are unlikely to flake or taint.

COVID-19 Impact: Halt on Operations to Impede Product Demand

The global COVID-19 pandemic has been unprecedented and staggering, with brass faucets experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the brass faucets market growth and demand returning to pre-pandemic levels once the pandemic is over.

In the latest COVID-19 pandemic, the procedures of several industries have either been provisionally paused or are effective with a nominal staff owing to imposed lockdowns and forced limitations by respective governing agencies. COVID-19 is still an important issue for markets globally, owing to a failure in exports and imports over the period of time. The faucets market is trying to recover. The upsurge in the disposable income of customers is one of the key factors that drive the development of the global market. An upsurge in the inclination for makeover and thus the use of trendy and smart bathroom fixtures is projected to upsurge the demand in the market.

LATEST TRENDS

"Presence of Prominent Players to Propel Demand"

The increasing new construction of housing, expansion in commercial spaces, a makeover of houses, and replacement of old faucets are anticipated to drive the brass faucets market growth in coming years. The rising approval of modernized washrooms and synchronized sanitary ware, fixtures, and fittings. The prominent players in the market are posing a one-stop shop answer for all the sanitary ware and fitting tools. With the growing inclination towards the modular bathroom, consumers are choosing progressive and sophisticated in-built restroom machines. Therefore, growth in the application of faucets in renovated bathrooms is anticipated to drive the growth of the market in the coming years.

BRASS FAUCETS MARKET SEGMENTATION

• 
• Request a Free sample to learn more about this report

• By Type Analysis

By type, the market is segmented into One-Handel Brass Faucets, Two-Handel Brass Faucets, Pillars Brass Faucets, and Others.

• By Application Analysis

Based on applications, the market is classified into Residential, Commercial, and Others.

DRIVING FACTORS

"Increasing Adoption in Various Applications to Drive Demand"

The rapid development, along with substantial progress in the residential sector, is one of the crucial factors generating an optimistic outlook for the market. Moreover, with the altering lifestyles and cultivating standards of living, there is an increasing demand for lavish and ergonomically planned faucets that are suitable to use and are also artistically attractive. The growing expenditure capabilities of the users, along with the growing adoption of products through residential, commercial, and hospitality sectors, are expected to drive the market further.

"Technological Advancement to Expand Market Exponentially"

Several product inventions, such as the progress of touch-free, digital, and fusion smart faucets that are armed with efficient devices and heat instruments, are performing as other advance prompting features. The aggressive advertising events by the companies and the explosion of online retail channels that offer consumers a varied variation of goods to select from are also backing the market growth. The constant demand for generating a modern and lavish home is also paving way for modernized kitchen sets is stimulating the demand for kitchen tools.

RESTRAINING FACTORS

"Mishandling of Faucets to Hamper Market Growth"

The touchless faucets progress the sanitary situation and it must be mounted in hospitals, schools, and old age homes. People get chaotic about how to control these faucets. Automatic faucets resource premixed cold and hot water. This means the user is not capable to adjust the temperature by himself.

BRASS FAUCETS MARKET REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"Asia Pacific to Dominate Market Owing to Developed Infrastructure "

Asia Pacific dominates the global brass faucets market share. This is credited to growing construction activities, combined with a rising population and demand for developed infrastructure across developing markets such as India and China. Furthermore, increasing the disposable income of consumers is anticipated to drive the regional market further.

North America is anticipated to have a sizable market share. This is due to the increasing adoption of the kitchen faucets that have surrounded advanced technology, in the growing residential sector. Due to emerging markets in the region and increasing demand for luxury goods from numerous end-use industries comprising plumbing, automotive & transportation, and building & construction.

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global brass faucets market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Moen (U.S.)
• MASCO (U.S.)
• LIXIL (Japan)
• Kohler (U.S.)
• Grohe (Germany)
• Paini (U.S.)
• Pfister (U.S.)
• Hansgrohe (Germany)
• Roca (Spain)
• Zucchetti (Italy)
• Kraus (U.S.)
• HANSA BATH (Germany)
• Globe Union (Taiwan)
• LOTA (China)
• JOMOO (China)
• HHSN (U.S.)
• ChaoYang (China)

Industry Development

• December 2021: Delta faucet extended its kitchen product by proposing an introduction of three workstation sinks to develop the space and extreme personalization conceivable.

REPORT COVERAGE

The report examines elements affecting the market from both the demand and supply sides and further estimates market dynamic forces during the forecast period. The report provides drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for regions after evaluating governmental, financial, shared, and technical factors affecting the market in these regions.