The global Bathroom Taps industry to grow at a CAGR of 7.25% during the period 2017-2021.
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The following companies as the key players in the global bathroom taps market: Kohler, LIXIL Group, Masco, Moen, and TOTO.
Other Prominent Vendors in the market are: Delta Faucet, Roca Sanitario, Jomoo Kitchen & Bath, MAC Faucets, Danze, AGMECO, Jaguar, CERA Sanitaryware, VitrA, Advanced Modern Technologies Corporation, Geberit Plumbing Technology, GESSI, Kully Supply, Miscea, and Oras.
Complete report on the Bathroom Taps Market Research Report spread across 66 pages, profiling 20 companies with table of content is now available at www.reportsnreports.com/contacts/d…aspx?name=1127640 .
Bathroom Taps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increased adoption of smart bathrooms. Advanced technologies such as smart bathrooms aim at energy conservation and maintaining superior hygiene standards.
In the US, smart bathrooms are gaining popularity to reduce the rising energy costs in the country. In Germany, the government introduced the concept of smart bathrooms in the construction market to control and reduce high energy costs.
Similarly, Japan is facing the challenge of supply and demand for energy. To counter this concern, the government has started focusing on the development of smart bathrooms in public infrastructure and buildings.
According to the report, one of the major drivers for this market is Growing urbanization and lifestyle. Worldwide, urbanization has been driving changes in lifestyles of different sections of the population.
The evolving lifestyles of consumers and the growing global population have led to a rise in the demand for sophisticated and water efficient bathrooms, which, in turn, has increased the demand for efficient and advanced sensor taps. The significant growth of cities globally indicates the shift of large sections of the population from rural to urban areas.
More than 50% of the global population stay in urban cities. It is expected that by 2050, the urban population will double, reaching 6.4 billion.
Urbanization in the emerging economies is due to the rural-urban migration, driven by the search for better employment opportunities. By 2030, the number of megacities is projected to increase to 41, with Asia being home to 7 such cities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one of the major factors hindering the growth of this market is Competition among vendors. Many local and international bathroom taps manufacturers are operating in both the organized and unorganized sectors of the global bathroom taps market.
The market is experiencing a fierce competition among vendors in terms of maintaining new product lines and technological advances. One of the major players, Jaguar, acquired the majority stake in a Korea-based firm, Joeyforlife, by investing $1.2 million as a part of its global expansion strategy.
Delta Faucet made an entry into the Indian market and has plans to open nearly 100 showrooms by the end of 2017.
This report covers the present scenario and the growth prospects of the global bathroom taps market for 2017-2021. To calculate the market size, the report considers the demand for the product from key regions.
A bathroom tap is a sanitary-ware fitting that controls the flow of water from the pipe. The global bathroom taps market is witnessing the growth of eco-friendly faucets; sensor taps are one such product introduced in the market, which is gaining a large-scale popularity among users.
The non-sensor taps segment holds the major share in the global bathroom taps market. It is the expected to be the single largest segment during the forecast period, owing to the high replacement demand and growth of public infrastructure projects worldwide.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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