Industry Outlook and Trend Analysis
The global Faucet Market was worth has encountered significant development in the recent years and is anticipated to grow tremendously in the following years. The consumers expanding spending on the execution of cost-effective home enhancement solutions are foreseen to prompt the prospects for development in this market amid the anticipated period. Development in the housing business is the key driver for the development of this market. An expansion in the worldwide sales of homes and the development of new buildings and skyscrapers in emerging economies is the major driving factors for the market.
Product Outlook and Trend Analysis
The one-hand mixers portion is foreseen to be the biggest market section amid the conjecture time frame. This fragment presently rules the market and is foreseen to hold its dominance over the market throughout the following years because of the increased interest in housing and hotel renovation. These elements fuel the prospects for development in this portion amid the anticipated period.
Regional Outlook and Trend Analysis
The APAC district represented around 44% of the aggregate share of the market amid 2015 and is anticipated to develop at a significant CAGR over the forecast period. Elements like the rising urban populace, expanded brand awareness, and the expansion in per capita yearly discretionary income of urban households are foreseen to reinforce market development amid the figure time frame.
The leading players in the market are Grohe Group, Wenzhou Times Group Co Ltd, Jaquar, Kohler Co, MASCO GROUP, Vitra and AGMECO. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Faucet Market is segmented as follows-
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?