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Kitchen Faucets Market Size
- Report ID: GMI4998
- Published Date: Dec 2023
- Report Format: PDF
Kitchen Faucets Market Size
Kitchen Faucets Market size was valued at USD 6.9 Billion in 2023 and is anticipated to register a CAGR of over 9.7% between 2024 and 2032. The need for kitchen faucets is increasing globally, and traditional kitchen faucet manufacturers are focusing on developing cutting-edge faucets that will draw a sizable customer base and help the industry grow.
As customers seek modern kitchens, faucet manufacturers & providers are focusing on producing faucets that meet the requirements for sturdiness, improved quality, and attractiveness. The demand for luxury homes is also growing as a result of the rising renovations and luxury home spending due to shifting consumer preferences and improved lifestyles.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Kitchen Faucets Market Size in 2023: | USD 6.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 9.7% |
| 2032 Value Projection: | USD 15.7 Billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 313 |
| Segments covered: | Type, Installation Type, Material, Distribution Channel, End-Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The industry for kitchen faucets is expanding owing to the growing consumer awareness of the need for better water management and utilization. By lowering the water flow and introducing air into the water stream, faucets reduce the amount of water they release.
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Kitchen Faucets Market Scope
