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May 27, 2020, 11:35 a.m. EDT

Kitchen Faucet Market COVID-19 Impact on Key Players, Industry Share and Growth Outlook

Top Players in Kitchen Faucet Market include Lixil Group Corporation, Hansgrohe Group, Masco Corporation, Fortune Brands, Spectrum Bands, TOTO, Roca Sanitario, S.A., Jaquar Group

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May 27, 2020 (The Expresswire) -- Over the past few years, the plumbing business is flourishing, which is encouraging growth in the global Kitchen FaucetsMarket. The overall kitchen faucet market is expected to grow from USD 5,935.3 Million in 2017 to USD 9,611.6 Million by 2025 at a CAGR of 6.3% during the forecast period. This information was published in a report, titled “Kitchen Faucets Market Size, Share and Global Trend By Product (Pull-Down Faucet, Pull-Out Faucet, Hands-Free, Bar Faucets, Pot Filters, Faucet with side Spray), By Installation Type (Deck Mount, Wall Mount), By Material (Chrome, Stainless Steel, Bronze, Plastic), By Number of Faucet Holes (One, Two, Three, Four) and By Geography Forecast till 2025.” Several traditional kitchen faucet manufacturers are planning to develop advanced faucets to fulfill their customer requirements. This will further attract new customers with the rising demand for modern kitchens across the world.

To Gain More Insights into the Kitchen Faucet Market Analysis, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/kitchen-faucets-market-100455

List of Top Key Players Mentioned:

  • Lixil Group Corporation

  • Hansgrohe Group

  • Masco Corporation

  • Fortune Brands

  • Spectrum Bands

  • TOTO

  • Roca Sanitario

  • Jaquar Group

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

“Koehler’s Cloud-based Konnect Platform Sets New Standards in the Faucets Industry”

Jaquar Group, Lixil Group Corporation, Masco Corporation, Hansgrohe Group, Spectrum Bands, Fortune Brands, Roca Sanitario, S.A., and TOTO are some of the leading players operating in the global kitchen faucets market. Several large and small scale players are planning to set up manufacturing units in order to upgrade their production processes. In addition to this, manufacturers are trying to target the urban population by introducing premium kitchen faucets products such as faucet taps in the market. In 2018, Koehler announced the introduction of Koehler Konnect Platform. This platform is based on Microsoft’s Azure platform enabled with the internet of things (IoT) cloud solutions. Koehler’s products consist of Sensate faucet which operates on voice commands or touch-screen interactions. This platform allows a user to monitor water usage and track its consumption on a daily basis. Other companies are also working on to develop new kitchen faucets to survive the competition.

Request a Sample Copy for more detailed Kitchen Faucet Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/kitchen-faucets-market-100455

“Rapid Expansion of Residential Sector Boosts the Market in North America”

North America is anticipated to maintain its dominance in the global kitchen faucets market throughout the forecast years. In 2017, the market in the region was worth USD 2011.6 Mn. The rapidly expanding residential sector in this region is the foremost factor enabling growth in the market. With the help of advanced technology, the adoption of new kitchen faucets is increasing with an aim to enhance the design and look of kitchens. This is further expected to stimulate the growth of the market and increase the demand for faucet taps in the forthcoming years.

Apart from North America, Asia Pacific is also expected to register strong demand for kitchen faucets in the forecast years. Moreover, the region was valued at USD 1440.5 Mn in the year 2017. Changes in the standard of living and rising per capita income are seeing a shift in the buying pattern of customers., which is likely to create attractive growth opportunities in the market. In addition to this, growing urbanization in countries such as Japan, India, China, and Singapore are likely to uplift the market’s growth by 2025. The market in Asia Pacific is expected to experience a CAGR of 7.5% during the forecast period.

“Growing Demand for Technologically Developed Hands-free Faucets Bodes Well for the Market”

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