Market Size of India Faucet Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.19 Billion |
| Market Size (2029) | USD 3.13 Billion |
| CAGR (2024 - 2029) | 7.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Faucet Market Analysis
The India Faucet Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 3.13 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).
In the Indian market, demand for bathroom hardware, which comprises faucets as well, is observing continuous growth, creating a positive externality for the sales and demand of faucets. Globally, India exists among the leading five countries for bathroom hardware and faucet market. Continuous expansion of real estate in India is leading to an increase in demand for water supply hardware as well as a rise in sales of faucets by manufacturers and retailers. Among the Indian real estate segment, residential real estate has a significant share in comparison to commercial real estate, resulting in manufacturers designing their products by keeping different segments of customers in consideration.
The share of India's population with access to a household has observed a continuous increase over the years, creating an increase in demand for faucets. Highly populated cities of India are observing a continuous rise in demand for residential spaces and are emerging as spaces for the expansion of faucet sales by manufacturers. Delhi, Mumbai, Kolkata, and Bangalore are among the major Indian markets for the sales of faucets with an expansion of retail stores and franchises of varying brands. Post-COVID-19, the rising disposable income of households led manufacturers to launch premium faucet products as an increasing population is focusing on the looks and design of their kitchens and bathrooms.
These trends are leading to India emerging as a major market for faucet manufacturers, with an increasing expenditure by manufacturers on advertising and expanding their product sales.
