Owing to benefits such as the protection of the state and condition of the building and improved reliance on the plumbing system, the Plumbing Components market is experiencing rapid adoption as opposed to its traditional alternatives. The need for the renovation of bathrooms and kitchens present in both residential and non-residential buildings has accentuated the need for plumbing components thus, improving the dependence on this market.

Covid-19 Impact and Market Status

The pandemic had affected different industries differently. The Covid crisis proved to be a boon for some while a curse for others. There were various guidelines by the government which stated protocols that were supposed to be followed to prevent the spread of this virus. The economic condition of various countries had been affected followed by an alteration in the behaviour and preferences of the consumers. It affected a considerable range of construction services including their import and export as well as their production. Various construction projects were put at a halt due to the imposition of the lockdown. The growth of the industry had become stagnant thereby, negatively affecting the plumbing components industry. No new projects were undertaken due to the fear of a loss being incurred. There was a global shortage of raw materials and manpower. However, as we are drifting apart from the coronavirus, the industry is gradually holding back on the growth rate and is expected to rise soon.

Pipes as a Product to Remain the Most Lucrative Segment

Based on the product, the Plumbing Components market is fittings, manifolds, pipes, and valved. Among these, pipes accounted for the maximum share of the market. They enable a medium flow of water from the tanks towards the faucets or the sanitary equipment. It has the efficiency to transport the fluid at just the right speed and their installation must be done with great precision and care.

Non-Residential End User to Remain Atop

By end user, the Plumbing Components market is segmented into residential and non-residential. Though the residential segment dominated the market in 2019 it is anticipated of the non-residential segment to have a larger share of the market during the forecast period by registering a higher compound annual growth rate (CAGR).

Showerheads to Ensure Revenue Maximization

Based on application, the Plumbing Components market is divided into Bathtubs, Showerheads, Faucets, and Others. Among these, showerheads are expected to have the highest compound annual growth rate (CAGR) shortly. They are something which people for which people wish for durability hence, they opt for fixtures and components that are of good quality and long-lasting.

The Asia-Pacific Region to is Expected Render Ample Investment Avenues

During the forecast period, it is anticipated of the Asia-Pacific region to maintain its dominance, the main drivers being India, China, and Japan. This is because of the rise in population in these areas as well as the increased numbers of construction industries. North America and Europe are expected to follow Asia-Pacific.

Plumbing components are defined as those parts that are used in the installation of sanitary facilities in the washrooms, bathrooms, and kitchens of either residential or non-residential buildings (that are used in the plumbing system). Examples of products that come under plumbing components are fittings, pipes, valves, and manifolds.

Rapid end-use applications in residential, commercial, industrial buildings, and the like are fostering remarkable progress in the global Plumbing Components market. Plumbing components also improve the appearance of the place where they are installed, be it a bathroom or a kitchen. The rise in the need for online platforms due to working from home has also propelled the demand for plumbing components.

Advantages such as improved aesthetics of the interior and a more reliable plumbing system with good quality owing to the expensiveness of these components have further encouraged the adoption of Plumbing Components.

These factors collectively influence thumping growth in the global Plumbing Components market, ensuring an overall market size of USD 95 billion in 2029 with a CAGR of 5.6% through the forecast span (2019-2029).

There has been a significant rise in demand for plumbing components due to rapid urbanization and increased undertaking of infrastructural projects both in the residential and commercial sectors. Apart from these, there has been an increased enthusiasm to take up the renovation of ancient and vintage buildings which further fuels the demand for the plumbing components market. The main driver of demand for this market in developing countries is the expansion of water facilities over there.

However, post the Covid-19 pandemic, there has been a downfall in the demand for plumbing components. The supply chains had been disrupted by the worldwide imposition of the lockdown. Raw materials were scarce as manufacturing labels had been shut down as per the guidelines by the government. Though the fixtures and components used in residential and non-residential structures are of good quality, there might be cases when there is an occurrence of leakage and might need immediate rearing which in itself would be costly, Despite these limitations, recently there has been an increase in the growth of the market driven by the increased demand for remodelling and renovation of homes using expensive and luxury plumbing fixtures which serve as a status symbol.

The key players in the border security market are Reliance Worldwide Corporation Ltd., Mueller Industries, Aalberts N.V., McWane Inc., Uponor Oyj, Finolex Industries, Central States Industrial, Turnkey Industrial Pipe &Supply Inc., and Morris Group (Acorn) among others. These players operate in the Plumbing Components market and take up organic and inorganic growth strategies to maintain their positions in the market. They put forth their ardent efforts to hold on to the grip of the position that they have established in the market over these years.

Latest Innovations in the Plumbing Components Market: a Snapshot

• In the month of November 2019, the Central States Industrial Equipment (CSI) launched a Pipetite product line with a Sleeve ReBoot solution to seal the tubes that existed to process further the facilities or other sanitary environments.
• In February 2022, Rhinox, a company that is well known for the manufacturing of stainless steel pipes and press fittings, came up with a special profile that consisted of a double o-ring along with vv grooves and inclusive of a five-stage pressing. The primary function of this is the provision of extraordinary safety.

Plumbing Components Market Scope

Key Segments of the Plumbing Components Market

Product Overview (USD Billion)

• Fittings
• Manifolds
• Pipes
• Valves

End User Overview (USD Billion)

• Residential
• Non-Residential

Application Overview (USD Billion)

• Bathtubs
• Showerheads
• Faucets
• Others

Regional Overview (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa