Running water: Rising overall construction activity will sustain industry revenue growth

Strong growth in construction activity has bolstered demand in the Faucet Manufacturing industry over the five years to 2018. Demand for faucets primarily relies on the number of new houses built, residential remodeling activity and trends in the nonresidential construction market. Industry revenue has grown overall, though it has also been volatile. The nonresidential construction sector is the largest market for industry products, which is largely the result of the overall size and scope of these projects. However, growth in this sector has restrained during the five-year period as sharp commodity price declines reduced new capital expenditures for nonresidential structures...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
1.5%
Forecast Growth 18-23
Profit
Employment
7,840
Businesses
121

Industry Threats & Opportunities

  • Continued construction activity will bolster revenue growth
  • Environmental demands have driven operators to invest in more advanced products
  • Nonresidential construction is expected to be the key driver of industry growth
  • Industry Report - Industry Key Buyers Chapter

    The Faucet Manufacturing Industry has a moderate level of industry concentration with the top three major players accounting for 62.0% of industry revenue in 2018. This represents a steady increase during the five-year period. Rebounding industry demand has given rise to a trend of consolidation as bigger operators purchase smaller operators. Despite the industry’s relatively low barriers to entry, new entrants have not gained market share. The largest operators maintaining a significant advantage in terms of scale efficiencies and brand recognition. In fact, only 2.5% of establishments are expected to have more than 500 employees. Moreover, 54.9% of establishments have fewer than 20 employees, which suggest the majority of operators are niche or specialized companies...purchase to read more.

    Additional Insights for the Faucet Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Faucet Manufacturing Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Having a good reputation
  • Ability to develop new products and adhere to specific market requirements
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Value of private nonresidential construction in the Faucet Manufacturing industry impact industry performance..

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    What's in this report

    What is the Faucet Manufacturing Industry?

    This industry comprises establishments primarily engaged in manufacturing metal and plastics plumbing fixture fittings and trim, such as faucets, flush valves and shower heads.

    Industry Products
  • Single lever plumbing fixture controls
  • Lavatory and sink fittings, non-single lever
  • Other fittings and trim
  • Industry Activities
  • Compression valve faucets
  • Ball valve faucets
  • Disc valve faucets
  • Cartridge valve faucets
  • Shower heads
  • Plumbing trim
  • Plumbing fixtures
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Value of private nonresidential construction
  • Per capita disposable income
  • Trade-weighted index
  • year conventional mortgage rate

  • Current Performance
  • Demand growth
  • Industry profit
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction trends
  • Exports aid growth and imports detract
  • Regulations increase pressure
  • Table: Faucet Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Faucet Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Home Builders
  • Home Furnishing Wholesaling
  • Home Furnishings Stores
  • Hardware Stores
  • Accommodation and Food Services
  • Plumbers

  • Key Selling Industries
  • Ferrous Metal Foundry Products
  • Nonferrous Metal Foundry Products Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Other fittings and trim
  • Single lever plumbing fixture controls
  • Lavatory and sink fittings, non-single lever
  • Chart: Faucet Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Residential demand determinants
  • Nonresidential demand determinants

  • Major Markets
  • Commercial replacement, renovation and repair
  • New commercial construction
  • Residential replacement, renovation and repair
  • New residential construction
  • Exports
  • Chart: Major Market Segmentation for the Faucet Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Faucet Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Faucet Manufacturing Industry

  • Industry Globalization
    Fortune Brands Home and Security Inc., Masco Corporation, Kohler Co.,
  • Table: Fortune Brands Home and Security Inc. - financial performance
  • Table: Masco Corporation - financial performance
  • Table: Kohler Co. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Faucet Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Faucet Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Value of Construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Solenoid Valve Faucet
  • Faucet with battery-powered valves that open and close automatically using sensors, without the use of a handle.
  • Thermostastic Faucet
  • Faucets which uses an internal thermostat that regulates temperature.
  • Valve
  • A device for controlling the passage of fluid through a pipe or duct.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Faucet Manufacturing can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Faucet Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Faucet Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Faucet Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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