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Kitchen Faucets Market Trends

Report ID: GMI4998
Published Date: Dec 2023
Report Format: PDF

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Kitchen Faucets Market Trends

Consumers are now demanding smart home technology, including intelligent faucets, bathrooms, electronic appliances, and clocks. Sensor faucets are gaining popularity among smart homes. These products feature various motion sensors, touch sensors, and temperature gauges allowing users to monitor and control water use in kitchens. The industry for kitchen faucets is expanding at a steady rate owing to consumer demand for rebuilding or modernizing older structures. Modern, advanced hand-free faucets are becoming a necessity for consumers buying new houses.

Authors: Avinash Singh

Frequently Asked Questions (FAQ) :

Global market for kitchen faucets was USD 6.9 billion in 2023 and is expected to register over 9.7% CAGR from 2024-2032 due to the rising focus of manufacturers on developing cutting-edge products to draw a sizable customer base worldwide.

The pull down faucets segment recorded USD 2 billion in 2023 and is expected to register appreciable CAGR from 2024-2032 owing to their variable ability of spouts and spraying patterns for cleaning purposes.

Asia Pacific held 34% share of the industry in 2023 and is expected to register commendable CAGR from 2024-2032 due to the rapid urbanization followed by various new infrastructure patterns in the region.

Moen Incorporated, Delta Faucet Company, Kohler Co., Carrier Global Corporation, and Jaquar Group are some of the major kitchen faucet companies worldwide.