Date : July 01, 2017
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The desire to modernize homes with latest faucet fittings to drive the bathroom fittings market in India: Bonafide Research

The desire to modernize homes with latest faucet fittings to drive the bathroom fittings market in India: Bonafide Research

The India Faucets Market was valued at INR 13,736 Crores and expected to grow further at a CAGR of 10.48% over the forecast period ending 2027-28. The demand for faucets is increasing gradually due to rise in disposable income of the consumers, growth of the construction industry along with the increasing investment in industrial sector and adoption of smart faucets.

Faucets are type of devices that are used for controlling the flow of water by the use of tap or cock. The valve open and control the flow of water under any condition by turning the handle. These handles are made up of brass, zinc, plastic or any other material. According to recently published report of Bonafide Research “India Sanitary ware & Bathroom Fittings Market Overview, 2027-28”, unorganized sanitary ware players are outdone by organized players in recent times. The organized players at present occupy 51.37% market share and also further expected to grow at a rapid rate to capture nearly 57% of the total market share in India.

The changing lifestyles of consumers in the developing country of India act as one of the major factors driving the growth of the faucet market. The increase in the preference for functional kitchens and bathrooms, along with their aesthetic appeal and growing application of modernized bathrooms and kitchens, accelerates the market's growth. The availability of various combinations concerning material and designs to cater to the consumer demand for customized faucets and the inclination towards comfort, convenience, and compactness while buying products among consumers further influences the market. Additionally, the surge in disposable income, integration of sensors and other features into the product, adoption of e-commerce sales channels, smart strategic marketing activities and changing preferences of consumers positively affect the faucet market. Furthermore, the development of smart products for a smart user experience extends profitable opportunities to the market players in the forecast period.

Major companies operating in the sanitaryware market of India are Hindustan Sanitary Ware India Limited, Cera Sanitaryware Limited, Roca Bathroom Products Private Limited, Kohler India Corporation Private Limited and Duravit India Private Limited.

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The desire to modernize homes with latest faucet fittings to drive the bathroom fittings market in India: Bonafide Research

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