Latest News- Plumbing Market: Fixtures is expected to lead the Product segment during 2025-2029

The Plumbing Market is being driven by Urbanization and infrastructure development

The Plumbing Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 27589.1 million. The global plumbing market is experiencing a surge in mergers and acquisitions, with companies actively pursuing strategic deals to expand market reach, broaden product portfolios, and optimize operations. Notable transactions include Ferguson's acquisition of Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., as well as the completed acquisition of Harway Appliances. These deals collectively contribute approximately USD220 million in annualized revenue. Yorkwest, a prominent distributor of plumbing products in Toronto, Canada, will be integrated into Wolseley Canada, a subsidiary of Ferguson. These strategic moves are reshaping the competitive landscape, enabling firms to capitalize on synergies and seize growth opportunities across various regions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Fixtures
  • Pipes
  • Fittings
• End-user
  • Residential
  • Commercial
  • Industrial
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Urbanization and infrastructure development
• Rising disposable income and changing consumer preferences
• Aging water infrastructure and replacement demand

However, the market also witnesses some limitations, which are as follows:

• Shortage of skilled labor
• Fluctuating raw material prices
• Stringent regulations and compliance requirements

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Market Scope in Plumbing Market Research Report

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Research Analysis Overview

The plumbing market encompasses various solutions including backflow prevention, water hammer mitigation, water pressure regulation, water softening, filtration systems, tankless and solar water heating, heat pumps, recirculating pumps, pressure boosting systems, drainage cleaning, sewer line repair, pipe bursting, trenchless technology, water main replacement, gas piping, fire sprinkler systems, hydronic and radiant heating, water leak detection and repair, clogged drain resolution, toilet, faucet, showerhead, sink, tub, water heater repair and replacement, plumbing maintenance, preventative measures, inspection services, code compliance, water efficiency audits, water conservation strategies, green building standards, LEED certification, water quality testing, treatment, and plumbing design software.

Market Research Overview

The plumbing market encompasses revenue generation from various specialized consumer service providers, specifically those offering plumbing services. This includes installations and repairs of plumbing fixtures, water heaters, pipes and fittings, drainage systems, as well as addressing issues related to water pressure and flow, and leak detection. According to Technavio's market analysis, the global specialized consumer services market size is determined by the revenue generated by providers of residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. The report excludes consumer services categorized under casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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