Faucet Manufacturing in the US - Industry Market Research Report
Description
Faucet Manufacturing in the US
Declines in construction activity have limited demand for the faucet manufacturing industry over the past five years to 2023. 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 declined and has fluctuated with construction activity. Construction markets tend to be cyclical, typically experiencing years of decline following years of growth. In addition, due to the emergence of the pandemic in 2020, activity within the nonresidential sector eroded. Also, high-interest rates issued by the Federal Reserve hindered residential construction activity, hampering industry revenue. Over the past five years, revenue has lagged at a CAGR of 0.9% to $6.1 billion, including an expected 3.0% drop in 2023. Profit is expected to climb to 8.1% of revenue in 2023 from 8.0% in 2018.
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."
Declines in construction activity have limited demand for the faucet manufacturing industry over the past five years to 2023. 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 declined and has fluctuated with construction activity. Construction markets tend to be cyclical, typically experiencing years of decline following years of growth. In addition, due to the emergence of the pandemic in 2020, activity within the nonresidential sector eroded. Also, high-interest rates issued by the Federal Reserve hindered residential construction activity, hampering industry revenue. Over the past five years, revenue has lagged at a CAGR of 0.9% to $6.1 billion, including an expected 3.0% drop in 2023. Profit is expected to climb to 8.1% of revenue in 2023 from 8.0% in 2018.
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."
Table of Contents
49 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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