Global Thermostatic Faucet Market by Product (Two Handle, Single Lever), by End-user (Commercial, Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global thermostatic faucet market was valued at USD 7,676.42 Million in 2020. It is expected to grow at an annual compound growth rate (CAGR of 5.29%) between 2021 and 2028. The demand for thermostatic faucets is increasing due to rising consumer spending and increasing home renovations. However, the pandemic caused disruptions in supply chains which led to lower product demand. Consumer spending has been affected by strict social distancing and travel restrictions. These measures are expected to continue for some time. Developers and manufacturers have adopted many strategies to achieve steady growth during the pandemic.
A key driver behind thermostatic faucets' demand is the growing residential market, as well as increasing demand for high-tech taps and shifting consumer preferences for luxury products. Another factor driving market growth is the increase in hospital use of thermostatic faucets.
The market is also being driven by an increase in construction activity around the world and an increase in disposable income. Houzz Survey found that four out of five homeowners have hired contractors for home improvement in 2018, while 36% employed a construction manager.
End-user insights
Commercial segment had the highest revenue share, more than 55%, in 2020. It is expected to grow at the fastest CAGR between 2021 and 2028. Commercial includes malls, hotels, hospitals, and airports. Easy installation and maintenance are some of the benefits that plumbing products have brought to hospitals. This is helping authorities maintain hygiene. American Standard and Piscataway have, for example, provided basins with Selectronic taps. Sensor faucets also limit water usage and prevent water stagnation.
The market is being driven by a rise of residential units and increased customer demand for modern faucets. According to the European Union's, the German government initiated several measures that are aimed at developing the country's housing market. It has committed Euro 5.0 billion to the construction of 100,000 rental units over the next four-years under its housing policies.
Product Insights
Single lever products held the largest market share at over 44% in 2020. It is expected to grow at the fastest rate between 2021 and 2028. This segment is driven by the increasing demand for single-level mixers in residential sectors. Modern kitchen accessories are in high demand due to the pandemic. Most people work from home. Market demand is also being driven by the single-lever mixers' functionality. The rising disposable income of consumers has also paved the way to a luxurious lifestyle, which in turn drives the demand for thermostatic faucets.
Two-handle mixers are becoming more popular as they are easier to find and more affordable than single-level mixers. Two taps and a spout are included in the two-handle mixers. These faucets come with different handles that control hot and cold water. The hot and cold water is mixed through one spout. High-quality products are what companies want to offer their customers. TempAssure Thermostatic Valve technology, for example, monitors temperature and adjusts automatically to the optimal temperature.
Regional Insights
North America held the largest revenue share at more than 31% in 2020. It will continue to grow at a steady CAGR of 3% between 2021 and 2028. The rising demand for kitchen and bathroom accessories is driving thermostatic faucets' demand. The demand for thermostatic faucets is also increasing due to increased awareness about water conservation. The Water Sense Program was launched by the Environmental Protection Agency (EPA), which certifies products that use less water than 20%. This model has saved over 1.5 trillion gallons and USD 32.6 billion in bills.
Asia Pacific, on the other hand is expected to grow the fastest between 2021 and 2028. This is due to an increase in construction activity in both the residential and commercial sector. Daiwa House Industry is a Japanese construction company that specializes in industrialized housing. They have adopted generative design solutions to simulate building requirements such as design objectives and manufacturing methods. Cost restrictions are also considered. This allows them to create multiple iterations that optimize the land.
Market Share Insights & Key Companies
To increase market presence, companies in this market are looking to expand their business into countries like India and Brazil. Rising competition and the growing popularity of home renovations are major factors that support new market players. Many companies are using mergers and acquisitions to increase or maintain market share. Masco Corp. purchased SmarTap A.Y. in May 2020. Masco Corp. purchased SmarTap A.Y. Ltd. for USD 24,000,000 to supply it with a broad range of products in its plumbing division. The following are some of the major players in the global thermostatic faucet marketplace:
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Grohe AG
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Kohler Co.
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Moen, Inc.
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Cera Sanitaryware Ltd.
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Rocca Sanitario
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Jaguar Group
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Geberit AG
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Reliance Worldwide Corporation Ltd.
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Masco Corp.
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LIXIL Corp.
Up Market Research published a new report titled “Thermostatic Faucet Market research report which is segmented by Product (Two Handle, Single Lever), by End-user (Commercial, Residential), By Players/Companies Cera Sanitaryware Ltd, Geberit AG, Reliance Worldwide Corporation Ltd, Moen Inc, Kohler Co, Masco Corp, LIXIL Corp, Rocca Sanitario, Jaguar Group, Grohe AG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Thermostatic Faucet Market Research Report |
By Product | Two Handle, Single Lever |
By End-user | Commercial, Residential |
By Companies | Cera Sanitaryware Ltd, Geberit AG, Reliance Worldwide Corporation Ltd, Moen Inc, Kohler Co, Masco Corp, LIXIL Corp, Rocca Sanitario, Jaguar Group, Grohe AG |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 219 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Thermostatic Faucet Market Report Segments:
The market is segmented by Product (Two Handle, Single Lever), by End-user (Commercial, Residential).
Thermostatic Faucet Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Thermostatic Faucet Market
Overview of the regional outlook of the Thermostatic Faucet Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Thermostatic Faucet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Thermostatic Faucet Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Two Handle
2. Single Lever
7. By End-user:1. Commercial
2. Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermostatic Faucet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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Reasons to Purchase the Thermostatic Faucet Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermostatic Faucet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermostatic Faucet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermostatic Faucet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermostatic Faucet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermostatic Faucet Market Size & Forecast, 2018-2028
4.5.1 Thermostatic Faucet Market Size and Y-o-Y Growth
4.5.2 Thermostatic Faucet Market Absolute $ Opportunity
Chapter 5 Global Thermostatic Faucet Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Thermostatic Faucet Market Size Forecast by Product
5.2.1 Two Handle
5.2.2 Single Lever
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Thermostatic Faucet Market Analysis and Forecast by End-user
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by End-user
6.1.2 Basis Point Share (BPS) Analysis by End-user
6.1.3 Absolute $ Opportunity Assessment by End-user
6.2 Thermostatic Faucet Market Size Forecast by End-user
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by End-user
Chapter 7 Global Thermostatic Faucet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermostatic Faucet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermostatic Faucet Analysis and Forecast
9.1 Introduction
9.2 North America Thermostatic Faucet Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermostatic Faucet Market Size Forecast by Product
9.6.1 Two Handle
9.6.2 Single Lever
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
9.10 North America Thermostatic Faucet Market Size Forecast by End-user
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by End-user
9.12 Absolute $ Opportunity Assessment by End-user
9.13 Market Attractiveness Analysis by End-user
Chapter 10 Europe Thermostatic Faucet Analysis and Forecast
10.1 Introduction
10.2 Europe Thermostatic Faucet Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermostatic Faucet Market Size Forecast by Product
10.6.1 Two Handle
10.6.2 Single Lever
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
10.10 Europe Thermostatic Faucet Market Size Forecast by End-user
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by End-user
10.12 Absolute $ Opportunity Assessment by End-user
10.13 Market Attractiveness Analysis by End-user
Chapter 11 Asia Pacific Thermostatic Faucet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermostatic Faucet Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermostatic Faucet Market Size Forecast by Product
11.6.1 Two Handle
11.6.2 Single Lever
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
11.10 Asia Pacific Thermostatic Faucet Market Size Forecast by End-user
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by End-user
11.12 Absolute $ Opportunity Assessment by End-user
11.13 Market Attractiveness Analysis by End-user
Chapter 12 Latin America Thermostatic Faucet Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermostatic Faucet Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermostatic Faucet Market Size Forecast by Product
12.6.1 Two Handle
12.6.2 Single Lever
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
12.10 Latin America Thermostatic Faucet Market Size Forecast by End-user
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by End-user
12.12 Absolute $ Opportunity Assessment by End-user
12.13 Market Attractiveness Analysis by End-user
Chapter 13 Middle East & Africa (MEA) Thermostatic Faucet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermostatic Faucet Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermostatic Faucet Market Size Forecast by Product
13.6.1 Two Handle
13.6.2 Single Lever
13.7 Basis Point Share (BPS) Analysis by Product
13.8 Absolute $ Opportunity Assessment by Product
13.9 Market Attractiveness Analysis by Product
13.10 Middle East & Africa (MEA) Thermostatic Faucet Market Size Forecast by End-user
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by End-user
13.12 Absolute $ Opportunity Assessment by End-user
13.13 Market Attractiveness Analysis by End-user
Chapter 14 Competition Landscape
14.1 Thermostatic Faucet Market: Competitive Dashboard
14.2 Global Thermostatic Faucet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cera Sanitaryware Ltd
14.3.2 Geberit AG
14.3.3 Reliance Worldwide Corporation Ltd
14.3.4 Moen Inc
14.3.5 Kohler Co
14.3.6 Masco Corp
14.3.7 LIXIL Corp
14.3.8 Rocca Sanitario
14.3.9 Jaguar Group
14.3.10 Grohe AG