Faucet Market Size, Share, and Industry Analysis, By Type (Ball, Disc, Cartridge, and Compression), By Material (Stainless Steel, Brass, Chrome, Plastic, and Others), By Application (Commercial and Residential), By Distribution Channel (Offline Stores and Online Stores/E-commerce), and Regional Forecast, 2026-2034

The global faucet market size was valued at USD 25.46 billion in 2025. The market is projected to grow from USD 27.53 billion in 2026 to USD 51.37 billion by 2034, exhibiting a CAGR of 8.11% during the forecast period.

Faucets are plumbing fixtures that control the flow of water from a pipe, allowing users to turn the water on and off. Increasing awareness about water scarcity and environmental sustainability among individuals worldwide drives the demand for water-efficient faucets. Moreover, governments and environmental organizations across countries are promoting the use of water-saving fixtures to reduce water consumption, thus propelling the product demand. In addition, various regulations and standards mandating the use of water-efficient plumbing fixtures in new constructions and renovations boost product demand.

The increasing number of residential and commercial projects globally, owing to the rising population across countries, fuels the market growth. In addition, the rising popularity of home improvement, including kitchen and bathroom upgrades, boosts product demand. Several manufacturers are launching new products to diversify their portfolios. For instance, in April 2023, Duravit, a Germany-based sanitary ware brand, launched its three new faucet series: Wave, Circle, and Manhattan.

The integration of advanced technology in faucets has led to the development of smart faucets with various features, including touchless operation, temperature control, and connectivity with home automation systems, thus boosting product demand among tech-savvy consumers. Several major industry participants are focusing on launching new products. For instance,

In August 2022, Moen Incorporated, a brand of Fortune Brands Innovations, launched its new touchless Moen smart faucet with motion control. According to the company, the users can turn the water on & off and control the temperature without placing a finger on it.

Rising prices of advanced and intelligent faucets can hinder product demand among budget-conscious consumers and limit market penetration, particularly in price-sensitive regions. In addition, high installation cost further adds to the overall expense, limiting the demand for smart products. Furthermore, economic instability and fluctuations adversely impact the market as consumers reduce discretionary spending, including home renovations and upgrades, thus hindering product demand.

Segmentation

Key Insights

The report covers the following key insights:

• Overview of the overall faucet industry.
• Supply Chain Analysis
• Industry SWOT Analysis
• Porter's Five Forces Analysis
• Recent Technological Advancements

Analysis by Type

The global faucet market is segmented by type into ball, disc, cartridge, and compression. Owing to its wide product availability, the ball segment is anticipated to dominate the market. Many older homes and buildings usually have ball faucets installed, boosting demand for them. Ball faucets are durable and reliable, with fewer moving parts than other types.

The compression segment is expected to grow significantly over the forecast period. Compression faucets are usually less expensive than other types, making them budget-friendly options for property managers and homeowners.

Analysis by Material

The global faucet market is segmented by material into stainless steel, brass, chrome, plastic, and others. The stainless steel segment is anticipated to dominate the market owing to its durability and resistance to corrosion, tarnishing, and rust. Moreover, stainless steel surfaces are easy to clean and have inherent antimicrobial properties, thus fuelling the segment's growth.

The brass segment is expected to grow significantly over the forecast period owing to the product's classic and elegant look and durability, ensuring reliability and longevity. Moreover, brass has natural antimicrobial properties, and the increasing availability of vintage and retro designs propels the segment's growth.

Analysis by Application

The global market is bifurcated into commercial and residential based on application. The commercial segment held a major market share in 2023 owing to the rising number of hotels, resorts, restaurants, healthcare facilities, offices, and educational institutions.

The residential segment is expected to grow significantly during the forecast period owing to the increasing new housing developments & residential construction projects coupled with the rising trend of home renovation & remodeling across countries.

Analysis by Distribution Channel

Based on distribution channel, the global faucet market is divided into offline stores and online stores/e-commerce. The offline stores segment held a major market share in 2023 owing to the wide availability of various brands and consumers preferring to check products before purchasing. Furthermore, several manufacturers are launching new retail stores. For instance, in September 2023, Hindware Limited, an India-based building products company, launched its new experiential store, Lacasa, located in Chennai, India.

The online stores/e-commerce segment is expected to grow significantly throughout the forecast period owing to the convenience of purchasing and browsing, which offers various benefits such as a wide variety, price comparison, and consumer reviews. Moreover, the rising number of company websites, e-commerce platforms, home improvement retailers, and online specialty bathroom retailers fuels the segment's growth.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is anticipated to lead the global faucet market during the forecast period due to the increasing number of home renovations & remodeling, rising disposable incomes, and growing water conservation regulations. Several players are launching new products to boost their sales across the region. For instance, in February 2024, Peerless Faucet Company, an Indiana, U.S.-based faucet company, launched its new Ezra kitchen and bathroom collections. According to the company, the new collection features single-handle lavatory faucets, two-handle widespread lavatory faucets, single-handle pull-down kitchen faucets, and single-handle bar faucets.

Asia Pacific is expected to grow at a significant rate throughout the forecast period owing to the growing population, rapid urbanization, rising middle-class population, and increasing real estate projects across China, India, Japan, and South Korea. Furthermore, the presence of various prominent players, including Jaquar, Hindware, Cera, Delta, and Kohler, offering diverse product ranges fuels market expansion across the region.

Key Players Covered

The report includes the profiles of key players, such as Fortune Brands Innovations, Hindware, Delta Faucets, GROHE, American Standard, TOTO, Kohler, Pfister, KRAUS, and Gerber Plumbing Fixtures.

Key Industry Developments

• March 2022:  Blanco, a Germany-based kitchen solutions company, launched its two new metal faucet finishes: bold matte black and luxurious satin gold.
• January 2021: Sloan, an Illinois, U.S.-based plumbing fixtures company, launched its new line of ASSE-1070-compliant faucets. According to the company, the new line features Optimix anti-scald technology.