Strong growth in construction activity has bolstered demand in the Faucet Manufacturing industry over the five years to 2018. Demand for faucets primarily relies on the number of new houses built, residential remodeling activity and trends in the nonresidential construction market. Industry revenue has grown overall, though it has also been volatile. The nonresidential construction sector is the largest market for industry products, which is largely the result of the overall size and scope of these projects. However, growth in this sector has restrained during the five-year period as sharp commodity price declines reduced new capital expenditures for nonresidential structures. Over the next five years, the Faucet Manufacturing industry will benefit from continued growth in the construction sector, which will lead to greater demand for industry products.
This industry comprises establishments primarily engaged in manufacturing metal and plastics plumbing fixture fittings and trim, such as faucets, flush valves and shower heads.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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