Europe Faucet Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)

Europe Faucet market is segmented By Product Type (Ball, Disc, Cartridge and Compression), By Technology (Manual, Automatic), By Material Used (Stainless Steel, Chrome, Bronze Plastic, Others), By Application (Bathroom, Kitchen, Others), By End Use (Residential, Commercial, Industrial), and By Geography (UK, Italy, France, Germany, Rest of Europe).

Market Snapshot

Europe Faucet Market Size
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %
Europe Faucet Market Major Players

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Market Overview

The coronavirus outbreak has had a substantial impact on a wide range of businesses as well as on every link in the supply and value chains of those industries. One such sector that is currently struggling as a result of the pandemic is consumer goods. One of the key components of the value chain for the European faucets market is the supply of raw materials. Here, key players and vendors are having difficulties because of poor logistics, poor traffic management, and restrictions on public movement in the affected Europe, all of which can cause supply disruptions. Major market actors have been forced to reconsider their risk management and contingency preparations as a result of the pandemic. The market's key players are concentrating on regaining their business in an effort to overcome this condition.

One of the key elements fueling the expansion of the European faucet industry is the rise in customers' disposable income. Bathroom accessories are among the most important smart items that manufacturers and customers are focusing on more and more. Manufacturers are offering a broad variety of digital and electronic faucets for the home and commercial sectors thanks to the advent of contemporary revolutionary technology. For instance, 'Reflex', a new faucet line for kitchen and bathroom applications, was introduced in January 2022 by Daniel Rubinetterie, a creative maker in Europe. The increasing desire to build a modern, opulent home also creates a need for renovated kitchen settings, which in turn fuels the market for kitchen products.

Scope of the Report

A device known as a faucet controls how much liquid, gas, or oil comes out of a pipe or vessel. It is also known as a tap and cock. A faucet is made up of a tube spout and a stopper that may be moved, such as a spigot, valve, or slide. When the handle of a faucet is turned on, a valve that regulates the flow of liquid or gas opens. The user's wants can be accommodated by altering the liquid flow. Faucets come in a variety of colours, price ranges, materials, and styles depending on what the user wants and needs. Europe Faucet market is segmented By Product Type (Ball, Disc, Cartridge and Compression), By Technology (Manual, Automatic), By Material Used (Stainless Steel, Chrome, Bronze Plastic, Others), By Application (Bathroom, Kitchen, Others), By End Use (Residential, Commercial, Industrial), and By Geography (UK, Italy, France, Germany, Rest of Europe).

By product type
Ball
Disc
Cartridge
Compression
By technology
Manual
Automatic
By Material used
Stainless steel
Chrome
Bronze Plastic
Others
By application
Bathroom
Kitchen
Others
By end use
Residential
Commercial
Industrial
By Geography
Europe
UK
Italy
France
Germany
Rest of Europe

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Key Market Trends

Rising New Construction of Residential Apartment

Rising new residential unit construction, development in commercial spaces, home renovation, and faucet replacement are the factors propelling the growth of the manual segment in the Europe faucet market. The major market participants are providing a one-stop shop solution for all the sanitary ware and fitting equipment due to the growing demand of modernised bathrooms and synchronised sanitary-ware, fittings, and accessories. The relevance of this store has increased, and major players have developed "Experience-Centers," which are one-stop shopping destinations where customers can virtually touch and examine sanitary equipment and other associated items.

Europe Faucet Market Trends

Increasing Of Modular Bathrooms Due to Smart Home Trends

Customers are choosing high-tech, sophisticated in-built bathroom appliances as the popularity of modular bathrooms rises in Europe. Thus, the increased use of faucets in modern bathrooms is anticipated to fuel market expansion throughout the course of the forecast period. Because of the widespread use of several faucets in bathrooms and washrooms, the bathroom faucet market category represented the biggest share of the overall faucet market. Bathroom accessories are among the most important smart items that manufacturers and customers are focusing on more and more. Manufacturers are offering a broad variety of digital and electronic faucets for the home and commercial sectors thanks to the advent of contemporary revolutionary technology.

Europe Faucet Market Analysis

Competitive Landscape

The report covers major players operating in the Europe faucet market along with their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity which will help them to increase exports.

Recent Development

  • In March 2022, TOTO introduces two new automatic faucet sets that include the water-saving ECO CAP and SELFPOWER technologies. These series, which are ideal for hotel bathrooms and public restrooms, have each won the international Red Dot Award and Green Design Award for their exceptional designs. There is a great faucet for every washbasin, from self-rim and undercounter washbasins to furniture washbasins and vessels, and they are all available in a variety of various forms.
  • In May 2020, With its clever accessories, TOTO consistently manages to increase cleanliness and convenience in the bathroom. The four most recent WASHLETTM models, RW, SW, RX EWATER+, and SX EWATER+, include every comfort and hygiene technology imaginable. TOTO has now advanced this by offering these units with an optional automated flush.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights of Technology Innovations in the Market

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By product type

      1. 5.1.1 Ball

      2. 5.1.2 Disc

      3. 5.1.3 Cartridge

      4. 5.1.4 Compression

    2. 5.2 By technology

      1. 5.2.1 Manual

      2. 5.2.2 Automatic

    3. 5.3 By Material used

      1. 5.3.1 Stainless steel

      2. 5.3.2 Chrome

      3. 5.3.3 Bronze Plastic

      4. 5.3.4 Others

    4. 5.4 By application

      1. 5.4.1 Bathroom

      2. 5.4.2 Kitchen

      3. 5.4.3 Others

    5. 5.5 By end use

      1. 5.5.1 Residential

      2. 5.5.2 Commercial

      3. 5.5.3 Industrial

    6. 5.6 By Geography

      1. 5.6.1 Europe

        1. 5.6.1.1 UK

        2. 5.6.1.2 Italy

        3. 5.6.1.3 France

        4. 5.6.1.4 Germany

        5. 5.6.1.5 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concetration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Kohler

      2. 6.2.2 Masco Corporation

      3. 6.2.3 Toto

      4. 6.2.4 Fortune Brands

      5. 6.2.5 Briggs Plumbing

      6. 6.2.6 Grohe

      7. 6.2.7 Roka

      8. 6.2.8 Elkay

      9. 6.2.9 LIXIL Corporation

      10. 6.2.10 Lota Corporation*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNTIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Frequently Asked Questions

The Europe Faucet Market market is studied from 2018 - 2027.

The Europe Faucet Market is growing at a CAGR of >5% over the next 5 years.

Kohler, Masco Corporation, Toto, Fortune Brands, Briggs Plumbing are the major companies operating in Europe Faucet Market .

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