환경 문제에 대한 관심의 증가와 엄격한 규칙 및 규제의 출현에 의해 절수에 대한 주목이 높아지고 있으며, 탭 시장의 혁신과 경쟁으로 연결되고 있습니다. Verified Market Research의 애널리스트에 따르면 탭 시장은 2023년 215억 달러를 밑도는 398억 달러의 시장 추산·예측에 달할 전망입니다.
주택 소유자가 주거 공간의 시각적 매력과 기능성을 향상시키기 위해 주택 개조 및 인테리어 디자인을 업그레이드하는 경향이 증가하고 있으며, 이는 수도꼭지에 대한 수요에 기여하고 있습니다. 이로 인해 시장은 2024-2031년 연평균 복합 성장률(CAGR) 8%로 성장할 것으로 예상됩니다.
탭 시장 정의/개요
수도꼭지는 지역에 따라 수도꼭지라고도 하며, 배관 시스템의 물의 흐름을 제어하는 장비입니다. 일반적으로 밸브와 손잡이가 있으며, 이를 돌리거나 제어하여 파이프를 통한 물의 흐름을 제어하여 개폐합니다. 수도꼭지는 다양한 용도에서 효율적인 물 분배와 사용을 실현하고 일상적인 사용 편의성, 위생 및 생산성을 향상시키는 중요한 역할을 합니다.
또한 수도꼭지는 주거 및 상업시설 모두에서 널리 사용되고 있습니다. 수도꼭지는 주방, 욕실 및 야외에 설치되어 요리, 세탁 및 개인 위생을 위해 깨끗한 물을 사용하는 데 필수적인 가정용 장비입니다. 수도꼭지는 식당, 호텔, 사무실과 같은 상업시설의 화장실, 주방 및 유틸리티 공간에서도 사용되어 손 씻기, 식기 세척 및 전반적인 청소와 같은 많은 활동을 용이하게합니다.
대도시 지역의 지속적인 확장, 새로운 주택 및 상업용 건물의 건설은 수도꼭지에 대한 수요를 크게 증가시켰습니다. 더 많은 사람들이 도시로 이주함에 따라 새로운 주택, 아파트 및 상업용 건물의 개발이 증가함에 따라 수도꼭지와 같은 배관 피팅에 대한 수요가 증가합니다.
물 절약에 대한 인식이 높아지고 친환경 제품에 대한 수요가 증가함에 따라 물 절약형 수도꼭지가 개발되었습니다. 이 수도꼭지는 기능을 유지하면서 물 낭비를 줄일 수 있도록 설계되어 규제 기준과 친환경 제품에 대한 소비자의 요구를 모두 충족시켜 시장 확대를 가져왔습니다.
또한 터치리스 수도꼭지, 디지털 온도 조절 및 타이머가 장착된 수도꼭지 등의 기술 발전도 수도꼭지 시장을 주도하고 있습니다. 이러한 기능은 사용자의 편의성, 안전성, 물 효율을 향상시켜 현대적이고 스마트한 가정용 솔루션을 원하는 사람들에게 매력적으로 다가갈 수 있습니다.
탭 시장은 경쟁이 매우 치열하며, 시장 진출기업은 거대한 세계 기업에서 소규모 현지 제조업체에 이르기까지 다양합니다. 이러한 경쟁은 가격 압력을 유발하여 특히 황동, 스테인리스강, 플라스틱과 같은 원자재 가격 변동에 직면 한 사업자가 이익률을 유지하는 데 어려움을 겪고 있습니다. 이 장애물은 시장 성장을 저해하는 요인으로 작용하고 있습니다.
또한 변화하는 소비자 취향과 동향에 대응하는 것도 과제입니다. 최근 고객들은 기본적인 기능적 요구를 충족시킬 뿐만 아니라 미적 선택, 환경적 지속가능성, 스마트 기술 통합을 반영하는 수도꼭지를 원하고 있습니다. 개발 제조업체는 제품 라인을 지속적으로 개발하고 업그레이드해야 하므로 연구개발에 대한 투자가 필요하며, 이는 제품수명주기를 단축시키는 결과를 가져옵니다.
Growing environmental concerns and emergence of strict rules and regulations are increasing focus on water conservation, thereby leading to innovation and competition in the Taps Market. According to the analyst from Verified Market Research, the Taps Market is estimated to reach a valuation of USD 39.8 Billion over the forecast subjugating aroundUSD 21.5 Billion valued in 2023.
The growing trend of house renovations and interior design upgrades contributes to the demand for taps, as homeowners seek to improve the visual appeal and functionality of their living spaces. This enables the market to grow at aCAGR of 8% from 2024 to 2031.
Taps Market: Definition/ Overview
Taps, also known as faucets in some regions, are devices that control the flow of water in plumbing systems. They commonly have a valve or handle that, when turned or controlled, opens or closes to control the flow of water via a pipe. Taps play an important role in providing efficient water distribution and utilization in a variety of applications, enhancing everyday ease, hygiene, and productivity.
Furthermore, taps are widely used in both residential and commercial settings. Taps are essential household fixtures in kitchens, baths, and outdoor areas, providing access to clean water for cooking, washing, and personal hygiene. Taps are used in restrooms, kitchens, and utility areas of commercial enterprises such as restaurants, hotels, and offices to facilitate numerous activities including handwashing, dishwashing, and overall cleaning.
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The ongoing expansion of metropolitan areas, as well as the construction of new residential and commercial buildings, substantially boost demand for taps. As more people relocate to cities, the development of new homes, flats, and commercial buildings grows, resulting in a greater need for plumbing fittings like taps.
Water-efficient taps have been developed as a result of growing awareness about water conservation and the demand for ecologically friendly products. These taps are designed to reduce water waste while maintaining functionality, meeting both regulatory standards and consumer desires for environmentally friendly products, resulting in market expansion.
Furthermore, technological advances, such as touchless faucets and faucets with digital temperature control and timers, are also driving the Taps Market. These features improve user convenience, safety, and water efficiency, making them appealing to those seeking modern, smart home solutions.
The Taps Market is extremely competitive, with participants ranging from huge global businesses to tiny local manufacturers. This competition causes pricing pressure, making it difficult for businesses to sustain profit margins, particularly in the face of price changes for raw materials such as brass, stainless steel, and plastic. This obstacle acts as an inhibitor to market growth.
Furthermore, keeping up with shifting consumer preferences and trends is a challenge for the Taps Market. Customers nowadays want taps that not only meet basic functional needs, but also reflect aesthetic choices, environmental sustainability, and smart technology integration. Manufacturers have to continually develop and upgrade their product lines, which necessitates investment in R&D and leads to shorter product life cycles, resulting in a substantial challenge for the market.
According to VMR analysis, the stainless steel segment is estimated to hold the largest market share during the forecast period. Stainless steel is highly valued for its great durability and corrosion resistance, making it an excellent choice for taps in both residential and commercial settings. These features ensure that stainless steel taps can resist repeated usage and exposure to water without deterioration, minimizing the need for frequent replacements and providing consumers with long-term cost benefits.
Stainless steel taps have a sleek, modern appearance that's able to match a variety of home designs. The material's natural sheen and ability to retain its appearance over time with minimal upkeep make it a popular choice for homeowners wishing to improve the aesthetic appeal of their kitchens, bathrooms, and other locations that require taps.
Furthermore, stainless steel is completely recyclable, which appeals to environmentally aware consumers and businesses looking to decrease their environmental effects. The capacity to recycle and reuse the material is consistent with worldwide trends towards sustainability and the circular economy, making stainless steel taps a more appealing option for individuals concerned about the environmental impact of their purchases.
The through-hole segment is estimated to dominate the Taps Market during the forecast period. Through-hole taps are extremely adaptable, working with a wide variety of materials and applications. They are ideal for threading holes in thin materials when threads must travel entirely through the material. This versatility makes through-hole taps the preferred choice in industries such as automotive, aerospace, and electronics, where precision and compatibility with many materials are important.
High-quality thread finishes are required for through-hole applications because components must withstand mechanical stress and ensure a secure fit. Through-hole taps may produce clean, precise threads with a smooth surface finish, which meets the high standards required in many engineering and manufacturing applications. This capacity to continuously produce high-quality threads contributes to their popularity.
Furthermore, through-hole taps provide producers with cost advantages due to their longevity and tapping effectiveness. The reduced danger of tool breakage, combined with the capacity to manufacture exact threads fast, can result in cheaper production costs and increased productivity. Also, because of their widespread availability and standardization, through-hole taps are a low-cost option for a variety of threading applications.
According to VMR analyst, Asia Pacific is estimated to dominate the Taps Market during the forecast period. The Asia Pacific region is undergoing fast urbanization, with a considerable shift of population from rural to urban areas. This urbanization, combined with significant investments in housing and commercial infrastructure, has resulted in increased demand for building and construction supplies, especially taps. Countries like as China, India, and Indonesia are experiencing a surge in residential and commercial construction projects, which directly increases demand for taps, resulting in market growth.
The region's middle-class population has grown significantly, with more discretionary incomes. This economic recovery has resulted in increased spending on home improvement and renovations, fueling demand for high-quality and visually appealing taps. Consumers are increasingly prepared to invest in high-quality fixtures that improve the utility and aesthetics of their living spaces.
Furthermore, the region is home to numerous significant industrial hubs, especially China and India, which have advanced manufacturing capabilities and access to low-cost labor. These features allow the region to manufacture taps at reasonable prices while retaining quality.
In North America, there is a significant trend of renovating and modernizing residential and commercial properties. This involves replacing plumbing fixtures with more modern, efficient, and visually appealing faucets. The need for home remodeling and smart homes is resulting in a growth in demand for high-end taps with advanced features including touchless operation, water temperature control, and home automation system integration.
Environmental awareness and water conservation are major concerns in North America, resulting in implementation of stringent water usage regulations and the marketing of water-efficient products. The Taps Market has adapted by inventing and selling devices that comply with these rules, such as low-flow taps and faucets that minimize water use while maintaining performance. This push for sustainability encourages consumers and businesses to replace obsolete fixtures with more efficient alternatives.
Furthermore, North America is a center of technological innovation, particularly in the Taps Market. Manufacturers are putting new technologies into their products, such as touchscreen-enabled digital faucets, programmable features, and smart home system integration. These advances are appealing to tech-savvy consumers and those seeking ease and customization in their homes.
The Taps Market is characterized by severe competition, which is driven by a relentless quest for innovation, quality, and efficiency. Companies compete for market share by differentiating in product design, functionality, and technology.
Some of the prominent players operating in the Taps Market include:
Moen, Kohler, Delta Faucet, American Standard, Kraus, Grohe, Hansgrohe, Blanco, Brizo, and Rohl.
In February 2024, Moen introduced a smart tap with voice control and innovative water-saving capabilities, emphasizing on sustainability and convenience.
In February 2024, Kohler reported solid Q4 2023 results, with kitchen and bath goods driving growth, indicating ongoing market demand.
In January 2024, Delta Faucet introduced a series of sustainable faucets constructed from recycled materials, showcasing its commitment to environmental responsibility.