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 transactions to expand their market reach, broaden product portfolios, and optimize operations. Notable deals include Ferguson's acquisition of Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., as well as the completed acquisition of Harway Appliances. Collectively, these transactions add approximately USD220 million in annualized revenue to Ferguson's revenues. Yorkwest, a prominent distributor of plumbing products in Toronto, Canada, will merge 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 a wide range of products and solutions, including pipe threading and bending techniques, various types of fittings such as sweat, compression, threaded, flange, union, coupling, cross, tee, elbow, reducing, expansion joints, and flexible connectors. Additionally, insulation, hangers, and supports are used for pipe protection and installation. Pumps like drainage, booster, sump, submersible, centrifugal, and positive displacement pumps, as well as pressure regulators, flow meters, water pressure regulators, water treatment systems, plumbing manifolds, and software solutions such as CAD, BIM, ERP, and CRM systems, are also integral components of the plumbing market. Accessories like water hammer arrestors, pressure reducing valves, vacuum breakers, toilet flappers, toilet tank valves, and shower valves complete the offerings in this industry.

Market Research Overview

The plumbing market encompasses revenue generation from various specialized consumer service providers, specifically those offering drainage system installations and repairs, water heater installation and maintenance, water meter installation and reading, plumbing tool rentals, and pipe installation using PVC, CPVC, PEX, and ABS materials. Technavio's market analysis calculates the global plumbing market size based on the income generated by these providers, excluding consumer services classified 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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