Global Plumbing Products Demand to rise 6.2% per annum through 2016
Dallas, Texas (PRWEB) September 10, 2012
This study analyzes the world plumbing product industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by plumbing fixture (e.g., bathtub and shower fixtures, toilet fixtures, sink fixtures), fixture material, fitting type, world region and major country. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry participants.
Global demand to rise 6.2% per annum through 2016
Worldwide demand for plumbing fixtures and fittings is expected to increase 6.2 percent per year to almost $80 billion in 2016. Growth will accelerate due to improved market conditions in the key developed markets, especially in the United States where construction spending will register double digit gains. Among the developed nations, the US will have the largest residential plumbing market, as the country experienced the global recession earlier than most other countries and has had more time to recover. Among the developing nations, China will again be the largest market due to its vast population and increasing per capita income. While growth in China will slow significantly compared to the torrid pace of the previous decade, gains will still outpace any other market in the world through 2016.
Asia/Pacific, North America to show best growth
The most rapid growth will occur in the Asia/Pacific region, fueled primarily by China’s increasing industrialization. Demand in China alone is forecast to account for approximately half of the increase in global plumbing demand between 2011 and 2016. In addition, the vast population in this region makes infrastructure and sewage system development a necessity, further raising demand. Other industrializing countries in Asia (such as India and Indonesia) and the Africa/Mideast region will also contribute to global plumbing demand.
North America is forecast to have the second fastest growth in plumbing demand between 2011 and 2016. This rise will be fueled primarily by a rebound in the US construction market after the 2007-2009 recession. Canada and Mexico are also expected to register healthy gains during this time period.
The slowest growth is anticipated in Western Europe, primarily due to the region’s already well developed economies. Other countries that fall into this category include Japan and Australia. In general, recovery in the construction market lags general economic recovery,and these countries are still rebounding from the 2008 global financial crisis.
World residential market to outperform nonresidential
The greatest indicator of plumbing product demand is the construction market. In terms of construction, the residential market is anticipated to grow more quickly than the nonresidential market through 2016. Increasing populations and urbanization combined with rising per capita income in industrializing countries will fuel an increase in housing demands, while increasing disposable income and demand for urban housing in industrialized nations will have the same effect. Rising personal income will also increase the market for improvements and repairs, as households can afford to replace outdated or inefficient fixtures and to purchase higher-end models.
Profiles worldwide competitors including Grohe, Ideal Standard, JS Group, Kohler, Masco, Roca Sanitario, Sanitec and TOTO
This comprehensive study analyzes the world plumbing products industry by geographic market and by product type. The following types of products are covered: bathtub and shower fittings, lavatory fittings, kitchen and other sink fittings, other fittings; bathtub and shower fixtures, toilet fixtures, sink fixtures, and other fixtures.
Historical data for 2001, 2006, and 2011 and forecasts to 2016 and 2021 are provided for demand (by product type), shipments, and net exports of plumbing products on a country by-country basis, valued in millions of current US dollars. At the regional level, plumbing fixtures demand is also presented by material. The term “demand” refers to apparent consumption and is defined as production (also referred to as “output,” “shipments,” or “supply”) plus imports minus exports. It is used interchangeably with terms such as “market,” “sales,” and “consumption.”
For individual countries, historical demand data were determined in the local currency and then converted to US dollars using the average annual exchange rate of that country’s currency to the US dollar as determined by the International Monetary Fund. Forecasts for 2016 and 2021 assume no change in the exchange rate from 2011, and as a result reflect expected future growth in both local and US dollar terms.
Buy your copy of this report @ http://www.reportsnreports.com/reports/187204-world-plumbing-to-2016.html
Contact email@example.com for further information.
ReportsnReports.com is an online market research reports library of 175,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.