India Faucet Market - By Product Type (Electronic, Manual); By Material (Metal, Plastics, Others); By Distribution Channel (Online, Offline); By Application (Bathroom, Kitchen, Others); By End User (Residential, Commercial, Industrial); By Technology (Car
Description
India Faucet Market - By Product Type (Electronic, Manual); By Material (Metal, Plastics, Others); By Distribution Channel (Online, Offline); By Application (Bathroom, Kitchen, Others); By End User (Residential, Commercial, Industrial); By Technology (Cartridge, Compression, Ceramic Disc, Ball); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
India Faucet Market Size Set to Grow at Significant CAGR of 7.1% During 2023–2029
India faucet market is gaining traction because of the expanding house ownership, rising disposable income, and increasing spending on enhancing the esthetics of residences by customers, particularly those from high- and middle-income classes, in the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India faucet market size to grow at a CAGR of 7.1% during the forecast period between 2023 and 2029. The market's profitable expansion is due to expanding house ownership, rising disposable income, and rising spending on enhancing the beauty of residences. Customers in India, particularly those from high- and middle-income classes, are being influenced by their increased exposure to international trends in interior design. Another factor that is projected to fuel the growth of the Indian faucet market during the forecast period is the rising number of product launches across a wide variety of categories that include advanced technology and svelte designs.
India Faucet Market – Overview
A faucet is a plumbing system component used to supply water. The spout, handle(s), lift rod, cartridge, aerator, mixing chamber, and water inlets are some examples of its parts. The valve opens when the handle is switched on, adjusting the water flow under any water or temperature condition. The body of the faucet is often constructed of brass, although it can also be die-cast zinc or plastic that has been chrome-plated. Kitchen sinks frequently include ball faucets, which were the first washerless faucets. They may be identified by their single handle, which slides over a cover with a rounded ball form directly above the faucet spout.
India Faucet Market – By End User
Based on the end user, the India Faucet market is segregated into residential, commercial, and industrial. Given the increasing demand for residential space from single families, as well as from college students and working adults, the residential category currently has the biggest market share. A significant increase in private house remodeling is also predicted to drive up demand for faucets throughout the forecast period. But due to the increased building of commercial facilities such as hotels and motels, theme parks, conference centers, and restaurants, the commercial segment is also anticipated to develop rapidly in the coming years.
Impact of COVID-19 on India Faucet Market
The COVID–19 pandemic adversely affected the growth of the Indian faucet market. The nationwide lockdown resulted in mass layoffs, and salary cuts, which resulted in huge financial crises, especially in the middle-income group. This led to a sharp decline in the demand for faucets from the residential segment. Furthermore, the investments from the infrastructure development were paused and shifted toward healthcare development, which also negatively impacted the market growth. However, the increasing construction of hospitals and other healthcare facilities post the pandemic is projected to offer lucrative growth opportunities to the market in the forecast period.
Competitive Landscape
Major players operating in the India Faucet market include Jaquar, Bosch, Waterman, Roca, Cera, Caviar, Hindware, Delta Faucet, Grohe, Pearl Precision, Kohler, and Parryware. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the India Faucet Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Faucet Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
India Faucet Market Size Set to Grow at Significant CAGR of 7.1% During 2023–2029
India faucet market is gaining traction because of the expanding house ownership, rising disposable income, and increasing spending on enhancing the esthetics of residences by customers, particularly those from high- and middle-income classes, in the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India faucet market size to grow at a CAGR of 7.1% during the forecast period between 2023 and 2029. The market's profitable expansion is due to expanding house ownership, rising disposable income, and rising spending on enhancing the beauty of residences. Customers in India, particularly those from high- and middle-income classes, are being influenced by their increased exposure to international trends in interior design. Another factor that is projected to fuel the growth of the Indian faucet market during the forecast period is the rising number of product launches across a wide variety of categories that include advanced technology and svelte designs.
India Faucet Market – Overview
A faucet is a plumbing system component used to supply water. The spout, handle(s), lift rod, cartridge, aerator, mixing chamber, and water inlets are some examples of its parts. The valve opens when the handle is switched on, adjusting the water flow under any water or temperature condition. The body of the faucet is often constructed of brass, although it can also be die-cast zinc or plastic that has been chrome-plated. Kitchen sinks frequently include ball faucets, which were the first washerless faucets. They may be identified by their single handle, which slides over a cover with a rounded ball form directly above the faucet spout.
India Faucet Market – By End User
Based on the end user, the India Faucet market is segregated into residential, commercial, and industrial. Given the increasing demand for residential space from single families, as well as from college students and working adults, the residential category currently has the biggest market share. A significant increase in private house remodeling is also predicted to drive up demand for faucets throughout the forecast period. But due to the increased building of commercial facilities such as hotels and motels, theme parks, conference centers, and restaurants, the commercial segment is also anticipated to develop rapidly in the coming years.
Impact of COVID-19 on India Faucet Market
The COVID–19 pandemic adversely affected the growth of the Indian faucet market. The nationwide lockdown resulted in mass layoffs, and salary cuts, which resulted in huge financial crises, especially in the middle-income group. This led to a sharp decline in the demand for faucets from the residential segment. Furthermore, the investments from the infrastructure development were paused and shifted toward healthcare development, which also negatively impacted the market growth. However, the increasing construction of hospitals and other healthcare facilities post the pandemic is projected to offer lucrative growth opportunities to the market in the forecast period.
Competitive Landscape
Major players operating in the India Faucet market include Jaquar, Bosch, Waterman, Roca, Cera, Caviar, Hindware, Delta Faucet, Grohe, Pearl Precision, Kohler, and Parryware. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the India Faucet Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Faucet Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
118 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. India Faucet Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increase in Number of Household Units
- 3.2.1.2. Demand for Premium Faucets Owing to Increase in Investment in Luxury Homes
- 3.2.1.3. Rise in Urbanization
- 3.2.2. Restraints
- 3.2.2.1. Availability of Counterfeit Brands
- 3.2.2.2. Ready Availability of Substandard Faucets
- 3.2.3. Opportunities
- 3.2.3.1. Development of Smart Faucets by Manufacturers
- 3.2.3.2. Increase in Demand for Smart/Electronic Faucets
- 3.2.4. Challenges
- 3.2.4.1. Growing Dominance of Local Manufacturers
- 3.2.4.2. Increasing Raw Material Price and Manufacturing Cost
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. India Faucet Market Overview
- 4.1. Market Size & Forecast by Value, 2019−2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Product Type
- 4.2.1.1. Electronic
- 4.2.1.2. Manual
- 4.2.2. By Material
- 4.2.2.1. Metal
- 4.2.2.2. Plastics
- 4.2.2.3. Others
- 4.2.3. By Distribution Channel
- 4.2.3.1. Online
- 4.2.3.2. Offline
- 4.2.4. By Application
- 4.2.4.1. Bathroom
- 4.2.4.2. Kitchen
- 4.2.4.3. Others
- 4.2.5. By End User
- 4.2.5.1. Residential
- 4.2.5.2. Commercial
- 4.2.5.3. Industrial
- 4.2.6. By Technology
- 4.2.6.1. Cartridge
- 4.2.6.2. Compression
- 4.2.6.3. Ceramic Disc
- 4.2.6.4. Ball
- 4.2.7. By Region
- 4.2.7.1. North India
- 4.2.7.2. South India
- 4.2.7.3. East India
- 4.2.7.4. West India
- 5. North India Faucet Market
- 5.1. Market Size & Forecast by Value, 2019−2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Material
- 5.2.3. By Distribution Channel
- 5.2.4. By Application
- 5.2.5. By End User
- 5.2.6. By Technology
- 6. South India Faucet Market
- 6.1. Market Size & Forecast by Value, 2019−2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Material
- 6.2.3. By Distribution Channel
- 6.2.4. By Application
- 6.2.5. By End User
- 6.2.6. By Technology
- 7. East India Faucet Market
- 7.1. Market Size & Forecast by Value, 2019−2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Material
- 7.2.3. By Distribution Channel
- 7.2.4. By Application
- 7.2.5. By End User
- 7.2.6. By Technology
- 8. West India Faucet Market
- 8.1. Market Size & Forecast by Value, 2019−2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Material
- 8.2.3. By Distribution Channel
- 8.2.4. By Application
- 8.2.5. By End User
- 8.2.6. By Technology
- 9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Faucet Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)
- 10. Impact of Covid-19 on India Faucet Market
- 11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT analysis)
- 11.1. Jaquar
- 11.2. Bosch
- 11.3. Waterman
- 11.4. Roca
- 11.5. Cera
- 11.6. Cavier
- 11.7. Hindware
- 11.8. Delta faucet
- 11.9. Grohe
- 11.10. Other prominent players
- 12. Key Strategic Recommendations
- 13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 India Faucet Market Segmentation
- Figure 2 India Faucet Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Faucet Market Size, By Value (USD Million),2019−2029
- Figure 5 India Faucet Market Share, By Product Type, By Value, 2019−2029
- Figure 6 India Faucet Market Share, By Material, By Value, 2019−2029
- Figure 7 India Faucet Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 8 India Faucet Market Share, By Application, By Value, 2019−2029
- Figure 9 India Faucet Market Share, By End User, By Value, 2019−2029
- Figure 10 India Faucet Market Share, By Technology, By Value, 2019−2029
- Figure 11 India Faucet Market Share, By Region, By Value, 2019−2029
- Figure 12 North India Faucet Market Size, By Value (USD Million),2019−2029
- Figure 13 North India Faucet Market Share, By Product Type, By Value, 2019−2029
- Figure 14 North India Faucet Market Share, By Material, By Value, 2019−2029
- Figure 15 North India Faucet Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 16 North India Faucet Market Share, By Application, By Value, 2019−2029
- Figure 17 North India Faucet Market Share, By End User, By Value, 2019−2029
- Figure 18 North India Faucet Market Share, By Technology, By Value, 2019−2029
- Figure 19 South India Faucet Market Size, By Value (USD Million),2019−2029
- Figure 20 South India Faucet Market Share, By Product Type, By Value, 2019−2029
- Figure 21 South India Faucet Market Share, By Material, By Value, 2019−2029
- Figure 22 South India Faucet Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 23 South India Faucet Market Share, By Application, By Value, 2019−2029
- Figure 24 South India Faucet Market Share, By End User, By Value, 2019−2029
- Figure 25 South India Faucet Market Share, By Technology, By Value, 2019−2029
- Figure 26 East India Faucet Market Size, By Value (USD Million),2019−2029
- Figure 27 East India Faucet Market Share, By Product Type, By Value, 2019−2029
- Figure 28 East India Faucet Market Share, By Material, By Value, 2019−2029
- Figure 29 East India Faucet Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 30 East India Faucet Market Share, By Application, By Value, 2019−2029
- Figure 31 East India Faucet Market Share, By End User, By Value, 2019−2029
- Figure 32 East India Faucet Market Share, By Technology, By Value, 2019−2029
- Figure 33 West India Faucet Market Size, By Value (USD Million),2019−2029
- Figure 34 West India Faucet Market Share, By Product Type, By Value, 2019−2029
- Figure 35 West India Faucet Market Share, By Material, By Value, 2019−2029
- Figure 36 West India Faucet Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 37 West India Faucet Market Share, By Application, By Value, 2019−2029
- Figure 38 West India Faucet Market Share, By End User, By Value, 2019−2029
- Figure 39 West India Faucet Market Share, By Technology, By Value, 2019−2029
- List of Tables
- Table 1 India Faucet Market Size, By Product Type, By Value, 2019−2029
- Table 2 India Faucet Market Size, By Material, By Value, 2019−2029
- Table 3 India Faucet Market Size, By Distribution Channel, By Value, 2019−2029
- Table 4 India Faucet Market Size, By Application, By Value, 2019−2029
- Table 5 India Faucet Market Size, By End User, By Value, 2019−2029
- Table 6 India Faucet Market Size, By Technology, By Value, 2019−2029
- Table 7 India Faucet Market Size, By Region, By Value, 2019−2029
- Table 8 North India Faucet Market Size, By Product Type, By Value, 2019−2029
- Table 9 North India Faucet Market Size, By Material, By Value, 2019−2029
- Table 10 North India Faucet Market Size, By Distribution Channel, By Value, 2019−2029
- Table 11 North India Faucet Market Size, By Application, By Value, 2019−2029
- Table 12 North India Faucet Market Size, By End User, By Value, 2019−2029
- Table 13 North India Faucet Market Size, By Technology, By Value, 2019−2029
- Table 14 South India Faucet Market Size, By Product Type, By Value, 2019−2029
- Table 15 South India Faucet Market Size, By Material, By Value, 2019−2029
- Table 16 South India Faucet Market Size, By Distribution Channel, By Value, 2019−2029
- Table 17 South India Faucet Market Size, By Application, By Value, 2019−2029
- Table 18 South India Faucet Market Size, By End User, By Value, 2019−2029
- Table 19 South India Faucet Market Size, By Technology, By Value, 2019−2029
- Table 20 East India Faucet Market Size, By Product Type, By Value, 2019−2029
- Table 21 East India Faucet Market Size, By Material, By Value, 2019−2029
- Table 22 East India Faucet Market Size, By Distribution Channel, By Value, 2019−2029
- Table 23 East India Faucet Market Size, By Application, By Value, 2019−2029
- Table 24 East India Faucet Market Size, By End User, By Value, 2019−2029
- Table 25 East India Faucet Market Size, By Technology, By Value, 2019−2029
- Table 26 West India Faucet Market Size, By Product Type, By Value, 2019−2029
- Table 27 West India Faucet Market Size, By Material, By Value, 2019−2029
- Table 28 West India Faucet Market Size, By Distribution Channel, By Value, 2019−2029
- Table 29 West India Faucet Market Size, By Application, By Value, 2019−2029
- Table 30 West India Faucet Market Size, By End User, By Value, 2019−2029
- Table 31 West India Faucet Market Size, By Technology, By Value, 2019−2029
- Table 32 Jaquar Company Overview
- Table 33 Jaquar Financial Overview
- Table 34 Bosch Company Overview
- Table 35 Bosch Financial Overview
- Table 36 Waterman Company Overview
- Table 37 Waterman Financial Overview
- Table 38 Roca Company Overview
- Table 39 Roca Financial Overview
- Table 40 Cera Company Overview
- Table 41 Cera Financial Overview
- Table 42 Cavier Company Overview
- Table 43 Cavier Financial Overview
- Table 44 Hindware Company Overview
- Table 45 Hindware Financial Overview
- Table 46 Delta faucet Company Overview
- Table 47 Delta faucet Financial Overview
- Table 48 Grohe Company Overview
- Table 49 Grohe Financial Overview
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