Kitchen Faucets Market size is expected to witness significant growth over 2021-2027 due to the increasing application of faucets in modernized kitchens to make them more aesthetically appealing. The growing customer preference toward functional kitchens along with easy-to-use faucets is likely to boost the industry growth. Moreover, rapidly changing preferences of customers coupled with improving lifestyles are driving decent investment in remodeling homes, thereby positively influencing the market outlook.
Rising customer awareness regarding the need to better manage and utilize water is fueling the kitchen faucets market growth. Faucets aid in saving water by reducing the water flow and adding it with air to the water stream, minimizing the amount of water coming out of the faucets. Moreover, the growing demand for plumbing fixtures in kitchens is poised to spur the demand for highly efficient kitchen faucets.
Rapid urbanization and growing middle class population are substantially boosting the product demand. Various real estate companies are investing in ecofriendly houses by analyzing market demand. These residential complexes are equipped with cost effective and ecofriendly products, which include kitchen faucets. Numerous faucet companies are developing new and innovative products that match customer expectations. For instance, in January 2020, Delta Faucets Company launched Coranto and Emmeline kitchen collection products, which add captivating and unique flair to the kitchen faucets that increase the aesthetic appeal of the product along with including various technologies, such as Touch2O technology, Shiledspray technology, and Diamond Seal technology, which help in making kitchen faucets more efficient and help in water saving.
Based on type, the kitchen faucets market is segmented into pull out faucets, pull down faucets, single hand faucets, dual-handle faucets, separate spray faucets, pot filler faucets, motion detection, and others. A dual-handle kitchen faucet has separate levers for both warm and cool water. Generally, these two handles are attached to the same central piece but mostly they are placed a few inches apart from each other. Dual-handle kitchen faucet not only has the benefit to control water temperature but also helps in case of leaking where the value of the leaking handle can be turned off while still having access to water from other handle.
Based on installation type, the market is divided into wall mount and deck mount. The deck mount is the most common type of kitchen faucet impelled by easy to install and cost-effective nature. Deck mount kitchen faucets are used when there is not enough available space for installing wall mount kitchen faucets. Moreover, deck mount kitchen faucets come in different styles, sizes, and shapes, giving customers more options to choose from, thus driving the market demand.
Based on material, the kitchen faucets market is classified into chrome, stainless steel, brass, and others. Brass-based kitchen faucets usually last for many years owing to their resistance to soft-water corrosion and hard water calcification. The use of brass-based kitchen faucets increases the kitchen’s aesthetic appeal, making it more appealing to customers. Stainless steel is a good alternative for kitchen faucets on account of its low cost and easy cleaning. However, it is more likely to rust, which makes it more prone to regular maintenance.
The Asia Pacific kitchen faucets market share is anticipated to grow significantly through 2027 on account of rising urbanization and growing middle class population in the region. The growing demand for luxurious residential apartments along with rising awareness regarding water usage is encouraging the use of highly efficient kitchen faucets. Ease of government policies regarding foreign investments in developing countries, such as China, India, Malaysia, Vietnam, etc., is affecting the market size. Moreover, the increasing adoption of advanced technology in kitchen faucets in order to enhance the look of the kitchen will augment the market revenue.
The prominent players in the kitchen faucets market include Kohler Co., Jaguar Corporation, Colston Faucets, Roca Parryware, Chicago Faucets, Moen Bath, Delta Faucets, Masco Corporation, Signature Hardware, Hansgrohe, Miseno, House of Rohl, Elkay, Kraus USA, Pioneer Industries, etc. The companies are working on incorporating the latest technologies into kitchen faucets that will enable them to fit seamlessly into modern architecture that requires the use of the latest technologies. For instance, in January 2019, Kohler introduced smart kitchen faucets that use voice commands, personalized presets, and hand-free motion control, which can be managed via Kohler connect application for iOS and Android devices.
The above information has been provided on a regional and country basis