PORTLAND, OREGON, UNITED STATES, Sept. 15, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the U.S. plumbing market had revenue of $4.16 billion in 2017 and is likely to be $5.68 by 2025. billion, growing at a CAGR of 4% from 2018 to 2025. The report provides an in-depth analysis of key winning strategies, drivers and opportunities, market share, key segments and competitive landscape.
Growing trend of concept bathrooms, increase in bathroom boutiques, surge in home sales and growth in online retail are the factors driving the growth of the US plumbing market. However, environmental issues and strict regulations hinder the growth of the market. On the other hand, opportunities to expand business on online platforms are likely to provide opportunities for the growth of the market.
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Based on product types, the flush/water closet segment had more than a third of the market share in 2017 and is expected to remain dominant until 2025. This is due to the high unit prices and the maximum sales volumes. Nevertheless, the pedestals segment is expected to grow at the fastest CAGR of 5.2% during the forecast period 2018 – 2025.
Based on materials, the ceramics segment was the largest market in 2017, with more than three quarters of the market share. It would maintain its dominance through 2025 and also grow at the fastest CAGR of 4.4% over the forecast period. This is due to the versatility and pleasing appearance of ceramics, making it the most popular material used by manufacturers to manufacture high-quality sanitary ware.
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Of the distribution channels, the wholesale distribution segment held 76.5% of the market share in 2017 and would maintain its dominant position until 2025. This is due to low product prices, opportunities to supply sanitary ware in bulk volumes and a shorter lead time. However, the retail distribution segment is expected to grow at the fastest CAGR of 5.3% through 2025.
Key market players analyzed in the report include Geberit AG, LIXIL Group Corporation, Jaquar Group, HSIL Limited, LAUFEN Bathrooms AG, CERA Sanitaryware Limited, Corona, Kohler Co., TOTO Ltd., Lecico Egypt, Masco Corporation ( Delta Faucet Company), Elkay Manufacturing Company, Fortune Brands Home & Security, Inc., Villeroy & Boch, Duravit AG and USCT Bath.
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The research answers the following key questions:
1️⃣ What is the estimated growth rate of the market for the forecast period 2022-2028?
2️⃣ What will be the market size during the estimated period?
3️⃣ What are the main driving forces responsible for shaping the fate of the shoe market during the forecast period?
4️⃣ Who are the key market vendors and what are the winning strategies that have helped them gain a strong foothold in the footwear market?
5️⃣ What are the prominent market trends influencing the development of Footwear market in different regions?
6️⃣ What are the key threats and challenges likely to hinder the growth of the Footwear market?
7️⃣ What are the key opportunities the industry leaders can rely on to achieve success and profitability?
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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research offers global enterprises as well as medium and small businesses an unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.
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