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Plumbing Fixtures & Fittings: Business Info Summary

Dive into the lucrative US plumbing fixtures & fittings market projected to grow by 6% annually through 2017 to $12 billion. Explore the rebound in building construction driving demand. New housing construction and residential improvements will be key drivers. Discover more insights by viewing the full presentation on PowerShow.com for free.

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Plumbing Fixtures & Fittings: Business Info Summary

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  1. Plumbing Fixtures & Fittings One-Stop Shop for Business Information

  2. Summary US demand to rise over 6% annually through 2017 US demand for plumbing fixtures and fittings is projected to advance over six percent per year through 2017 to $12 billion, boosted by a rebound in building construction expenditures from their depressed 2012 level. New housing construction declined precipitously from 2006 through 2009 and nonresidential building activity contracted at doubledigit rates for three years beginning in 2009, severely constraining demand for plumbing products. After adjusting for price increases, expected demand gains through 2017 will still leave demand below the 2007 level.

  3. New homes to be fastest growing market The new residential market will provide the strongest growth for plumbing fixtures and fittings through 2017, with annual gains approaching 20 percent. Both an increase in the construction of new housing units and a recovery in the number of bathrooms per unit will spur demand for plumbing products. The residential improvement and repair segment will remain the largest market in 2017. Demand in that market will accelerate from the 2007-2012 pace as rising incomes, improving consumer confidence, and increased sales activity for existing homes will make households more willing to undertake home improvement projects, especially large-ticket projects such as kitchen and bathroom remodeling.

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