Global Luxury Plumbing Fixtures Market is expected to reach $24,646 million by 2022, registering a CAGR of 4.9% during the forecast period.
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Luxury plumbing fixtures are installed within a bathroom, washroom or kitchen keeping in mind the growing focus of energy and water conservation. For instance, German government have introduced the concept of smart bathroom, including smart faucets, dual-flush toilets and bathtubs integrated with audio/video system to save water and reduce high energy costs per year.
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Some of the factors that drive the global luxury plumbing fixtures industry include growth in urbanization, improvement in economic conditions and growth in disposable income, changing lifestyle and behavior of consumers and adoption of water-efficient fixtures.
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Additionally, untapped Asia-Pacific and African markets will foster the global luxury plumbing fixtures market. However, high cost of raw materials is likely to hamper the global luxury plumbing fixtures market growth.
The report includes comprehensive analysis of the key players in the luxury plumbing fixtures market such as Bradley Corporation, GROHE, Little Giant, Kohler, Moen, Delta, Toto Ltd., Gerber, American Standard, and Sterling Faucet Company.
The other prominent players in the market include Culnat, Natphil Inc., Water Matrix, Aquabrass, Dahl Brothers (Canada) Ltd, Fiberez Bathware, The Noble Co., Matco-Norca, Rada Mechanical Products Ltd, and Falcon Waterfree Technologies.
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