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

GCC 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), By Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman).

Market Snapshot

GCC Faucet Market
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %

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Market Overview

Due to an increase in imports over the same period of time and a year-over-year fall in exports, COVID-19 continues to be a significant problem for economies in the GCC. The faucets industry is attempting to rebound. Despite this, it indicates that there is a direct impact on the chemical, ICT, and healthcare industries, creating a sizable market for faucets.

One of the main elements fostering a good view for the industry is rapid urbanisation, together with strong expansion in the residential sector in GCC. The demand for elegant, ergonomically designed faucets that are practical to use and aesthetically pleasing is also rising as a result of changing lifestyles and rising levels of living. By 2024, Saudi Arabia's construction industry will generate over $28,7 billion in U.S. dollars. In 2020, the number of homes in the United Arab Emirates will be around 231.2 thousand. Around 92.8 thousand of those homes were projected for Abu Dhabi alone, followed by the emirate Dubai with 35 thousand home units. Other growth-promoting aspects include a variety of product improvements, such as the creation of touch-free, digital, and hybrid smart faucets with efficiency sensors and temperature metres. In keeping with this, intensive marketing campaigns by the manufacturers and the rise of online retail sites that provide consumers a wide range of options for products are also fueling the market's expansion. Thermostatic faucets are trending in GCC market.

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. GCC 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), By Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman).

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
UAE
Saudi Arabia
Oman
Kuwait
Bahrain
Qatar

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Key Market Trends

Increase in Building Construction in GCC Fostering Faucets Demand

Apartment living is becoming more popular as families get smaller, fueling the nation's construction industry. As a result, real estate prices are rising and the GCC market is experiencing overcapacity. Despite this, there is a rise in the demand for Faucets in residential buildings. The kitchen designs save construction work at home because modular kitchens are made in factories and are simple to assemble and disassemble this is also one reason for purchasing stylish and advanced faucets. The need for faucets designs in the GCC will be driven by the region's rapid economic expansion, an increase in new building construction, and an influx of expats.

GCC faucet market

Saudi Arabia is Dominating the Faucet Market in GCC

The market has been divided into sections according to country, including the Kingdom of Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman. Saudi Arabia is one of them, and it dominates the regional faucet market. The market's demand for housing units is being driven by both rising population and new building. In the GCC, advanced and fashionable faucets are popular, like as thermostatic faucets. The source claims that 18.6 million worth of construction contracts were issued in the Kingdom of Saudi Arabia, which will require interior construction as more visitors and residents move in. Investments in the Saudi Arabian furnace industry may result from spending on the construction of kitchens and bathrooms.

GCC Faucet Market

Competitive Landscape

The report covers major players operating in the GCC 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 2022, The Aspiro Revealed Part Kit of Single Lever Basin Mixer Wall Mounted from Hindware is now available. It includes an operating lever, a wall flange, and a spout.
  • In 2022, The Monrovia Kitchen Collection, introduced by Delta Faucet, stands out in any setting. A striking yet classic mix, the soft contemporary shape with gently tapered corners and a beautiful handle design. Its finest feature is a pull-down kitchen faucet with a single handle.

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 UAE

      2. 5.6.2 Saudi Arabia

      3. 5.6.3 Oman

      4. 5.6.4 Kuwait

      5. 5.6.5 Bahrain

      6. 5.6.6 Qatar

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concetration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Grohe

      2. 6.2.2 Hindware

      3. 6.2.3 Jaquar

      4. 6.2.4 Delta Faucet

      5. 6.2.5 AVK Saudi Arabia

      6. 6.2.6 Kohler

      7. 6.2.7 Roka

      8. 6.2.8 Elkay

      9. 6.2.9 LIXIL 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 GCC Faucet Market market is studied from 2018 - 2027.

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

Grohe, Hindware, Jaquar, Delta Faucet, AVK Saudi Arabia are the major companies operating in GCC Faucet Market.

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