Irving, TX (PRWEB) August 15, 2012
The Global Plumbing Fixtures and Fittings Manufacturing Industry experienced a good growth over the last five years and is expected to continue its growth momentum reaching approximately $82.4 billion in 2017 with a CAGR of 6.6% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the Global Plumbing Fixtures and Fittings Manufacturing Industry and presents its findings in “Global Plumbing Fixtures and Fittings Manufacturing Industry 2012–2017: Trend, Profit, and Forecast Analysis”
The Global Plumbing Fixtures and Fittings Industry is highly fragmented and consists of the kitchen ware, sanitary ware, bathroom accessories, and fittings segments. APAC dominates this industry. Increase in disposable income and growth in construction sector is seen to impact market dynamics significantly.
Lucintel’s research indicates that after decline in 2009 the industry recovered in following years as bathroom accessories drove the growth during the period.Rising demand in Asia and Eastern Europe also witnessed a considerable growth due to rising demand for innovative products demand for luxury fittings, whirlpool baths from high income consumers.
As per the study,decline in credit facilities in real estate and building construction activities, increase in cost of production are some of the challenges for the industry. In industrializing regions, positive demographic trends and growth in building construction activities, development of new innovative products, improvement of sanitary ware market in rural areas of Asian countries, demand for luxurious bathroom and shower products, potential markets in China, Japan, and India are anticipated to boost the industry.Increasing industry share of Asian economies in world trade and rapid industrialization in emerging economies are anticipated to boost demand. Thus, APAC is likely to grow at faster pace than other regions over the forecast period.
This study provides an overview of the Global Plumbing Fixtures and Fittings Industry.The report tracks four market segments for four geographic regions: thus, it tracks 16 segments of the industry. The scope of this study is limited to annual trends for past five years and forecasts for next five years.
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