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Faucet Market Size To Reach $36.69 Billion By 2030

Faucet Market Size To Reach $36.69 Billion By 2030

April 2025 | Report Format: Electronic (PDF)

Faucet Market Growth & Trends

The global faucet market size is expected to reach USD 36.69 billion in 2030 and is projected to grow at a CAGR of 8.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth in the real estate industry eventually increasing the construction of residential and commercial buildings that require faucet installations is anticipated to fuel the growth of the market.

Due to urbanization, rapidly rising costs of houses and mortgage rates are influencing people to invest more in home-remodeling projects. Hence, this led to an increase in trendy and smart bathroom accessories and further drive the growth of the market for faucets. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry was estimated at USD 385 million in 2019.

The e-commerce distribution channel is witnessing momentum as the market players are focusing on marketing their products through different digital media platforms. The most commonly used digital mediums are social media accounts or pages and brand websites. Some of the major e-commerce sellers of faucets for kitchens, bathrooms, and other applications are Wayfair LLC, Hausera, Faucet Depot, and Amazon.

Prominent market players like Moen, Delta, and Kohler are offering pull-out and pull-down kitchen faucet technologies to gain substantial market share. These faucets offer hand wave technologies, clap technology, Wi-Fi technology, etc. for the convenience of the consumers and efficient water conservation technologies. The pull out and down kitchen faucets operate at restricted flow rates in an effort to save water as per government regulations.

The faucet industry is fragmented in nature with the presence of a large number of international players and a few regional players such as Kohler Co.; Kraus USA; American Standard Brands; GROHE America Inc.; Pfister; Delta Faucet Company; Moen Incorporated; Aqua Source Faucet.

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Faucet Market Report Highlights

Millennial homeownership has reached a milestone, with 52% of millennials owning homes as of 2022, in the U.S., up from 49% in 2021, according to a blog by Motley Fool Money published in 2024.
Disc faucets accounted for a revenue share of 33.5% in the overall faucet industry in 2024, owing to their advanced technology, durability, and low maintenance requirements
Manual faucets accounted for a revenue share of 83.7% in 2024 in the overall faucet industry due to their affordability, widespread availability, simplicity in installation and operation, and widespread use in both residential and commercial applications.
The use of faucets in the bathroom accounted for a revenue share of over 59% in 2024. This is attributed to the higher frequency of faucet usage in bathrooms for daily hygiene activities, such as handwashing, shaving, and grooming, compared to kitchen or other applications
Faucet sales in residential settings accounted for a share of 71.7% of the overall faucet industry in 2024, primarily driven by the continuous growth in housing construction, home renovations, and remodeling activities.
Faucets made of brass & bronze accounted for a revenue share of 39.9% in 2024 due to their superior durability, corrosion resistance, and aesthetic appeal
The faucet market in Asia Pacific accounted for a revenue share of 38.7% of the global market in 2024, driven by rapid urbanization, increasing construction activities, and rising infrastructure development in emerging economies such as China, India, and Southeast Asia

Faucet Market Segmentation

Grand View Research has segmented the global faucet market report based on product, technology, application, material, finish, end use, distribution channel, and region:

Faucet Product Outlook (Revenue, USD Million, 2018 - 2030)