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Kitchen Faucets Market Size

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

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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.

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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.

Kitchen Faucets Market Report Attributes
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:	Increasing spending on residential renovations and repairs Improving standard of living in the region
Pitfalls & Challenges:	Presence of cheap low-quality faucets in the market

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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.

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.