Report ID: UCMIG25H2024
Report ID:
UCMIG25H2024 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the size of the world market for plumbing fittings was estimated at USD 87.7 billion. The demand for plumbing fittings is anticipated to rise in the upcoming years due to an increase in the use of modern bathrooms and kitchens on a global scale. This is expected to have a significant effect on market expansion. The urban populace is increasingly favouring bathrooms and kitchens that are not only practical but also aesthetically pleasing. Due to the exceptional heat tolerance properties of ceramic materials, which are becoming more and more popular in sanitary equipment, the working-class populace is now spending money on remodelling their kitchens and bathrooms.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Household Appliances by segment aggregation, the contribution of the Household Appliances in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25H2024