Thermostatic Faucet Market size was valued at US$ 8544.04 Mn. in 2022 and the total revenue is expected to grow at 5.5% through 2023 to 2029, reaching nearly US$ 12428.84 Mn.Thermostatic Faucet Market Overview:
The Global Thermostatic Faucet Market is expected to grow significantly over the forecast period owing to an increase in consumer spending and an increasing number of home renovation projects. Moreover, it is also used in hospitals which boosts its market growth. The growth of the residential sector coupled with demand for technologically advanced faucets increase the market of thermostatic faucets and changing consumer preferences towards luxury products is also a key factor for the growing demand for thermostatic faucets.To know about the Research Methodology :- Request Free Sample Report
Thermostatic Faucet Market Dynamics:
Growing demand for faucets and increasing urbanization worldwide is expected to surge the global thermostatic market growth in the forecast period. The global thermostatic market is driven by increasing consumer preference towards luxury products and demand for advanced faucets among middle-class people across the globe. In addition, changing lifestyles, rising urbanization, rising disposable income, and increasing construction activities also boost the global thermostatic market. The rising number of residential houses due to urbanization leads to demand for modern faucets. Global key players make huge investments in R & D of faucets to manufacture contactless and different varieties to cater to the market demand. Its usage in the hospital industry is increased due to the COVID pandemic which is a great opportunity for key players. High cost of technology and disruption in the supply chain due to this pandemic are the major challenges in the global thermostatic faucets market. Changing consumer preference due to the arrival of modern products, stringent government policies and high transportation cost is also biggest concern for market.Thermostatic Faucet Market Segment Analysis:
Based on the Product, the global thermostatic faucet market is classified into single lever, two handle and others. Single lever dominates the global thermostatic faucets market owing to its functionality and increased demand in the residential sector. Moreover, the rising consumer disposable income levels have paved the way for a luxurious life, which drives the adoption of advanced bathroom and kitchen accessories, which boosts the market growth of single lever thermostatic faucets. The market share of single lever faucets in 2022 was 46%. Two-handle mixers have a major share in the global market due to their low cost and easy availability. It has two handles and a spout for controlling hot water and cold water. Based on the End User, the global thermostatic faucets market is segmented into residential and commercial. The commercial sector dominates the global market. Factors attributing to the growth of this segment is its large usage in hotels, malls, hospitals, and airports. Advanced thermostatic faucets have easy installation and maintenance. The market share of commercial usage was 54% in 2022. In the residential sector, a rise in the number of housing units due to urbanization and customer demand for modern kitchen and bathroom accessories is driving the market.
Regional Analysis:
North America witnessing significant growth in the global market due to the growing demand for bathroom and kitchen accessories. Increasing awareness regarding water conservation is also responsible for the high usage of thermostatic faucets in North America. United State market size was valued at US $ 6.9 Bn. in 2022. United States, Canada, and Mexico are the dominating countries of North America in the market Europe is expected to grow at a higher rate of xx% during the forecast period. Factors attributing to the strong growth of this region are high-class people and purchasing power. Europe thermostatic faucets market size was valued at US $ 4.3 Bn. in 2022. The Asia Pacific witnessing significant growth in global market owing to a large number of construction industries across the residential and commercial sector, Urbanization, Young population and adoption of the western lifestyle. Rising middle-class population coupled with increasing disposable income is another factor that boosts the demand for thermostatic faucets in this region. Middle East and Africa have stable growth during the forecast period owing to less economical and industrial developments which lead to low standard of life in this region. The objective of the report is to present a comprehensive analysis of the global thermostatic faucet market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global thermostatic faucet market dynamics, structure by analyzing the market segments and project the global thermostatic faucet market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global thermostatic faucet market make the report investor’s guide.Thermostatic Faucet Market Scope: Inquire before buying
Global Thermostatic Faucet Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 8544.04 Mn. Forecast Period 2023 to 2029 CAGR: 5.5% Market Size in 2029: US $ 12428.84 Mn. Segments Covered: by Product Single Lever Two Handle Others by End User Residential Commercial Global Thermostatic Faucet Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Thermostatic Faucet Market Key Players
1. Grohe AG 2. Kohler Co. 3. Moen, Inc. 4. Cera Sanitaryware Ltd. 5. Rocca Sanitario 6. Jaguar Group 7. Geberit AG 8. Reliance Worldwide Corporation 9. Masco Corp. 10.LIXIL Corp 11.OULIN 12.Delta Faucets 13.Hindware 14.Alton Bath 15.Vika Bath FittingsFAQ
1. What are the factors responsible for growth of global thermostatic faucets market in North America? Ans: The factors responsible for growth of global market in North America are awareness about the water conservation and growing demand of advanced kitchen and bathroom accessories 2. What are the expected growth rate and revenue of Global Thermostatic Faucets Market from 2023-2029? Ans: The total revenue is expected to grow at 5.5% through 2023 to 2029, reaching nearly US$ 12428.84 Mn. 3. Why Middle East and Africa Shows slow growth rate over the forecast period? Ans: Middle East and Africa relatively shows slow growth over the forecast period owing to low economical and industrial development lead to low standard of life. 4. What are the major key players in the global thermostatic faucets market? Ans: The major key players in the global market are Grohe AG, Kohler Co., Moen, Inc., Cera Sanitaryware Ltd., Rocca Sanitario, Jaguar Group, Geberit AG, Reliance Worldwide Corporation, Masco Corp., LIXIL Corp, OULIN, and Delta Faucets 5. What are the market segments of global thermostatic faucets market? Ans: The global market is segmented on the basis of Product and End User
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Thermostatic Faucets Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Thermostatic Faucets Market 3.4. Geographical Snapshot of the Thermostatic Faucets Market, By Manufacturer share 4. Global Thermostatic Faucets Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Thermostatic Faucets Market 5. Supply Side and Demand Side Indicators 6. Global Thermostatic Faucets Market Analysis and Forecast, 2022-2029 6.1. Global Thermostatic Faucets Market Size & Y-o-Y Growth Analysis. 7. Global Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Single Lever 7.1.2. Two Handle 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 7.2.1. Residential 7.2.2. Commercial 8. Global Thermostatic Faucets Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Single Lever 9.1.2. Two Handle 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 9.2.1. Residential 9.2.2. Commercial 10. North America Thermostatic Faucets Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 12. Canada Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 13. Mexico Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 14. Europe Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 15. Europe Thermostatic Faucets Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 17. France Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 18. Germany Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 19. Italy Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 20. Spain Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 21. Sweden Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 22. CIS Countries Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 23. Rest of Europe Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 24. Asia Pacific Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 25. Asia Pacific Thermostatic Faucets Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 27. India Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 28. Japan Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 29. South Korea Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 30. Australia Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 31. ASEAN Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 32. Rest of Asia Pacific Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 33. Middle East Africa Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 34. Middle East Africa Thermostatic Faucets Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 36. GCC Countries Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 37. Egypt Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 38. Nigeria Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 39. Rest of ME&A Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 40. South America Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 41. South America Thermostatic Faucets Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 43. Argentina Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 44. Rest of South America Thermostatic Faucets Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Thermostatic Faucets Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Grohe AG 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Kohler Co. 45.3.3. Moen, Inc. 45.3.4. Cera Sanitaryware Ltd. 45.3.5. Rocca Sanitario 45.3.6. Jaguar Group 45.3.7. Geberit AG 45.3.8. Reliance Worldwide Corporation 45.3.9. Masco Corp. 45.3.10. LIXIL Corp 45.3.11. OULIN 45.3.12. Delta Faucets 45.3.13. Hindware 45.3.14. Alton Bath 45.3.15. Vika Bath Fittings 46. Primary Key Insights