A downturn in the construction sector in during the recession dried up demand for the Faucet Manufacturing industry, but construction activity recovery has bolstered demand in recent years. Demand for faucets primarily relies on the number of new houses built, residential remodeling activity and trends in the nonresidential construction market. Over the next five years, the Faucet Manufacturing industry will benefit from the continued recovery in the construction sector, which will lead to greater demand for industry products. In the five years to 2020, housing starts are projected to rise, while spending on home improvement activity is forecast to rise, as well. These factors should lead to steady industry growth.
The industry manufactures residential and non-residential faucets that are mainly used in bathrooms, laundry rooms and kitchens.
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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