Kitchen Faucets Market Size - By Type, By Installation Type (Wall Mount, Deck Mount), By Material (Copper, Stainless Steel, Brass, Others), By Distribution Channel (Online, Offline), By End Use, & Global Forecast, 2024 – 2032

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.

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.
 

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.
 

Kitchen Faucets Market Analysis

Based on type, pull out faucets, pull down faucets, single hand faucets, dual handle faucets, separate spray faucets, pot filler faucets, motion detection faucets. The pull down faucets segment held around USD 2 Billion in 2023. Many consumers prefer pull down faucets due to the greater control offered by the product. The variable ability of spouts and spraying patterns prove useful for cleaning purposes. As an ergonomic solution that takes fewer movements to use, pull down faucets display greater market demand. The unit is also provided with a limited twisting of the hose, extending its longevity, and further enhancing its functional offerings.
 

Based on the end-use, the kitchen faucets market is categorized into residential and commercial. The commercial segment held around USD 3.8 Billion in 2023. The rising new apartment development, home renovations, and kitchen faucet replacements are driving the residential sector gains. The rising demand for upgraded kitchens and significant manufacturing investments in the creation of new, advanced kitchen faucets for residential applications. The product demand is significantly increasing as a result of rapid urbanization and an expanding middle-class population.
 

Based on installation type, the market is categorized into wall mount and deck mount. The deck mount segment held around USD 4.5 Billion in 2023. Deck mount installations have been used since a long time and has a widespread consumer preference. The ease in use and the stylish designs available in this installation type make it a competitive product. Deck mounting allows the product to gain firmness and stability while operating and enhances the temperature & pressure control parameters.
 

Based on material, the kitchen faucets market is categorized into copper, stainless steel, and brass. The brass segment held around USD 1.9 Billion in 2023. Brass is the suitable option for consumers focusing on the quality of product with stylish design and reasonable price. The material allows the faucets to withstand high temperatures and pressures, preventing operational damages & maintenance costs to a greater extent. Manufacturers prefer brass as it is cheaper than steel and copper.
 

Based on distribution channel, the kitchen faucets market is categorized into online and offline. The offline segment held around USD 5.2 Billion in 2023. Collaborations with wholesalers will increase the physical presence of companies and help in reaching out to more customers. Several companies rely on wholesalers and retailers for increasing sales and gaining the consumer trust. The holistic experience and reliability offered by offline stores will drive consumers to wholesalers and retailers.
 

Asia Pacific dominated the Kitchen Faucets market in 2023, accounting for a major share of around 34%. Due to rapid urbanization followed by various new infrastructure patterns. In addition, new innovative designs and patterns will play a fortunate role for the product industry to grow by 2032. It is expected to generate more rapid revenues and is expected to offer significant opportunities for major players in the industry in the region.
 

Kitchen Faucets Market Share

The Kitchen Faucets market is highly fragmented owing to the presence of several market players. Major companies operating in the market are Moen Incorporated, Delta Faucet Company, Kohler Co., accounting over 45% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.
 

Companies offer a wide range of kitchen faucet styles and designs, from traditional to modern, and cater to a variety of budgets. They also invest heavily in research and development, which allows them to introduce innovative new products to the market. For instance, Moen may have a higher market share in North America, while Grohe may be more popular in Europe. Additionally, the market share of companies that specialize in high-end kitchen faucets may be different from the market share of companies that focus on more affordable options.
 

Kitchen Faucets Market Companies

Major players operating in the Kitchen Faucets industry include:

• Moen Incorporated
• Delta Faucet Company
• Kohler Co.
• Carrier Global Corporation
• Jaquar Group

Kitchen Faucets Industry News

• In February 2022, Moen Incorporated launched Cia, a soft modern kitchen collection, which offers touchless and voice-activation technologies. The company aims to offer the ability to operate the faucet without touching. Moen's Smart Faucet technology is available with the Cia pulldown kitchen faucet, which adds to the ease of the sink. Moen offers ‘MotionSense Wave’ technology for the faucet, which enables touchless activation with a single sensor and easy water on/off operation.
   
• In November 2021, Delta Faucet Company introduced three workstation sink collections to broaden the company's portfolio of kitchen products. The company’s workstation sinks have a ledge that accommodates accessories such as cutting boards and roll-up dish-drying racks, enabling customers to utilize the area above the sink for carrying out regular kitchen duties. With each stainless-steel workstation sink are premium bottom grids that guard against dents and damage.
   

The Kitchen Faucets market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Thousand Units) and in revenue (USD Million) from 2018 to 2032, for the following segments:

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By Type, 2018 – 2032

• Pull Out Faucets
• Pull Down Faucets
• Single Hand Faucets
• Dual- Handle Faucets
• Separate Spray Faucets
• Pot Filler Faucets
• Motion Detection Faucets
• Others

By Installation Type, 2018 – 2032

• Wall Mount
• Deck Mount

By Material, 2018 – 2032

• Copper
• Stainless
• Steel
• Brass
• Others

By End-use, 2018 – 2032

• Residential
• Commercial

By Distribution Channel, 2018 – 2032

• Online
• Offline

The above information is provided for the following countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • GCC
  • South Africa