Luxury Plumbing Fixtures Market Report 2022: Regional Revenue & Growth Projections to 2024

The size of luxury plumbing fixtures market was registered at USD 19 billion in the year 2016 and is anticipated to cross USD 26 billion by 2024. Between the period 2017-2024, the market is expected to register a CAGR of 4.5%.

The growing preference for smart homes coupled with the rising affluence among consumers has been majorly stimulating luxury plumbing fixtures industry. Given that state-of-the-art plumbing fixtures in bathrooms and kitchens can add a different kind of class to the whole house by highlighting the smallest details that had often been overlooked in the past, the popularity of these fixtures is not exactly surprising.

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Luxury plumbing fixtures market is fast emerging to become a niche industry that is incorporating artistic sensitivity with practical design to cater to a growing populace of consumers who are looking to upgrade their homes or business spaces not only by concentrating on decorating the halls, bedrooms or reception, areas but also the bathrooms and kitchens.

Kitchens, which have become a central showpiece in modern homes have accounted for 15% of the shares generated by luxury plumbing fixtures market in 2016. The kitchen sink and faucet, being among the most used fixtures in the kitchen, have demanded major attention from luxury plumbing fixtures industry leaders like ROHL, that has recently redefined the design of kitchen faucets as the water appliance.

Luxury plumbing fixtures market is also expected to be propelled by the demands of deluxe toilets with heated seats and voice controlled operations. Heated floors and towel racks are also becoming a part of the fast-evolving fixture landscape of luxury plumbing fixtures industry. Driven by a plethora of such product developments and their rapidly increasing sales, in 2016, luxury plumbing fixtures industry size was pegged at USD 15 billion, with lucrative growth projections set for the period 2017-2024.

Socio economic influences have changed the way bathrooms and kitchens are viewed around the world. The popularity of spas for instance, has inspired consumers to expect more from bathroom designs. There has been a growing trend to treat the bathroom as a luxurious personal space for complete relaxation, thereby providing major stimulus to luxury plumbing fixtures industry. Oriental cultures since recent times, have been following the trends set by Hollywood and the like, that specifically highlight luxury bathrooms from the western culture.

North American luxury plumbing fixtures market is estimated to exceed USD 7 billion by 2024. While demand for jacuzzies and whirlpools are increasing across the region, water conservation is topping the list of environmental protection organizations which is encouraging the luxury plumbing fixtures industry players to design and promote the adoption of water efficient products.

APAC is also one of the most lucrative regions stimulating luxury plumbing fixtures market, having held 25% of the overall share in 2016. Subject to increasing consumer disposable incomes in India and China, in tandem with the fact that most luxury plumbing fixtures manufacturing hubs are located in these regions.

One of the luxury plumbing fixtures industry giants, Kohler, recently designed the Real Rain shower, which is basically a 19-inch square panel encompassing nozzles with variable sizes unlike traditional showers where all nozzles are of the same size. In the Real Rain shower, water droplets of random sizes hit the user at random times, thus aptly imitating the effect of real rain and fulfilling consumer demand for a novel experience while taking a simple shower.

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Some Point from Table of Contents:

Chapter 4. Luxury Plumbing Fixtures Market, By Fixtures

4.1. Global luxury plumbing fixtures market share by fixtures, 2016 & 2024

4.2. Bathroom

4.2.1. Market estimates and forecast, 2013 - 2024

4.2.2. Market estimates and forecast, by region, 2013 – 2024

4.2.3. Showers

4.2.3.1. Market estimates and forecast, 2013 - 2024

4.2.3.2. Market estimates and forecast, by region, 2013 – 2024

4.2.4. Toilets

4.2.4.1. Market estimates and forecast, 2013 - 2024