Faucet Manufacturing - Industry Market Research Report

Faucet Manufacturing

Moderate growth in construction activity has supported demand for the Faucet Manufacturing industry over the five years to 2019. Demand for faucets primarily relies on the number of new houses built, as well as residential remodeling activity and trends in the nonresidential construction market. Industry revenue has grown overall, though it has also fluctuated with construction activity. Over the next five years, the Faucet Manufacturing industry will benefit from continued growth in the construction sector, which will stimulate rising demand for industry products. Over the five years to 2024, spending on nonresidential construction is expected to accelerate as infrastructure spending improves and the economy's prolonged expansion continues. While residential spending growth is forecast to taper off, it is anticipated to remain at an elevated level, supporting continued demand for industry products. Increasing per capita disposable income and rising home prices will motivate consumers to invest more in their homes.

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.