Plumbing Parts Market Projected to Hit USD 84.78 Billion by 2029, Unveiling Over $23 Billion Opportunities in the Next 6 Years – Exclusive Research Report by Arizton

Plumbing Parts Market Research Report by Arizton
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According to the latest research report, the plumbing parts market 2024-2029 by Arizton Advisory & Intelligence, the market will grow at a CAGR of 5.42% during 2023-2029.   

 

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Report Summary

Market Size (2029): USD 84.78 Billion 

Market Size (2023): USD 61.75 Billion 

CAGR (2023-2029): 5.42% 

Historic Year: 2019-2022 

Base Year: 2023

Forecast Year: 2024-2029

 

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The plumbing industry is witnessing a significant surge in demand, propelled by various key factors. Renovation projects, fueled by the desire to modernize properties, particularly bathrooms and kitchens, are driving up the need for plumbing parts. Technological innovations like sensor faucets also contribute, requiring specialized components and sensors. Sustainability is another driver, with eco-friendly plumbing products necessitating specific parts. Additionally, the construction of luxury hotels and government investments in infrastructure projects further stimulate the market for plumbing parts, emphasizing the industry’s robust growth trajectory. 

 

Regional Insights  

North America accounted for 18.27% of the global plumbing parts market 2023. This growth is attributed to the increasing demand for water-efficient and sustainable plumbing products and the expanding construction industry in the US and Canada.  

The market growth in Europe is attributed to positive economic growth, an increase in housing units, and a rise in renovation projects. In addition, the growing tourism in countries such as Italy, Germany, and others further fuels the demand for plumbing parts in the region. APAC is witnessing rapid growth in the plumbing parts market due to its large population, rapid urbanization, and industrialization. The growing construction industry is also contributing to this growth. Countries like China, Japan, and South Korea are emerging as key markets, with consumers actively seeking innovative products. Latin America experiences a surge in demand for plumbing parts, driven by a burgeoning residential building construction sector, tourism development projects, an increased focus on renovation and maintenance, and evolving consumer lifestyles. This dynamic market presents significant opportunities for industry players. The demand for plumbing parts in the Middle East and Africa has been rising significantly due to increased investments in the hospitality sector, government spending on infrastructure projects, the oil and gas industry, and the growing disposable income of the region’s inhabitants. 

 

Key Merger & Acquisition and Technological Advances in the Plumbing Parts Market 

McWane acquired Tri-Seal Valve to serve a wide range of industrial fluid control applications, ultimately seeking to increase its profitability in the market. 
Morris Group launched a line of stainless-steel plumbing fixtures featuring cutting-edge innovations, such as touchless operation and an antimicrobial additive that effectively eliminates germs. 
NUPI INDUSTRIE ITALIANE S.p.A. partnered with Borealis to advance sustainability in pipe production by utilizing Bornewables polypropylene, thereby reducing its carbon footprint. 
In 2023, NUPI INDUSTRIE ITALIANE S.p.A. introduced 63mm electrofusion and spigot tees with incorporated adaptors, reducing assembly height and the need for multiple welds and improving efficiency. 
In September 2023, Reliance Worldwide Corporation announced a partnership with Galvin Engineering, aiming to create Lead Safe CliniMix Healthcare Thermostatic Mixing Valves (TMV) for the Australian plumbing industry. 

 

Recent Developments in the Global Plumbing Parts Market 

Uponor: In 2023, the company announced the production OF PEX pipe based on 100% chemically recycled raw material. Through this, the company diversifies its product portfolio and increases the volume of recycled materials in the market. 
Reliance Worldwide Corporation: In September 2023, the company announced a partnership with Galvin Engineering, aiming to create Lead Safe CliniMix Healthcare Thermostatic Mixing Valves (TMV) for the Australian plumbing industry. Through this collaboration, the company seeks to enhance its presence in the Australian market and expand its local manufacturing operations within the region. 
NUPI INDUSTRIE ITALIANE: In 2023, the company introduced 63mm electrofusion and spigot tees with incorporated adaptors, reducing assembly height and the need for multiple welds, improving efficiency. With this, the company aims to gain a competitive advantage in the plumbing parts market and increase its sales. 

 

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Key Company Profiles 

Central States Industrial 
Finolex Industries Limited 
McWane 
Morris Group 
Mueller Industries 
NUPI INDUSTRIE ITALIANE S.p.A. 
Reliance Worldwide Corporation 
Turnkey Industrial Pipe & Supply Inc 
Uponor 
Prince Pipes and Fittings 
Masco Corporation 
Charlotte Pipe and Foundry 
TOTO 
CERA 
Hansgrohe Group 
Jaquar 
Kohler 
Ideal Standard 
Westlake Pipe & Fittings 
Elkay Manufacturing Company 
Guangdong Huayi Plumbing Fittings 
Jacuzzi 
Globe Union Industrial 
Roca Sanitario 
Proflo 
Geberit AG 
Moen 
Novanative 
Multipipe 
Flair-It 
Giacomini 
VNE Corporation 
Zhejiang Valogin Technology 
Viega 
Caleffi 
HotTubOutpost 
Tech Tubes & Fittings 
Tigre USA 

 

Market Segmentation 

Product 

Pipes & Tubes 
Valves 
Fittings 
Manifolds 

 

End-users 

Residential 
Non- Residential 

 

Applications 

Faucets 
Sinks, Toilets & Other 
Showerhead 
Bathtubs 

 

Geography 

APAC 

China 
India 
Japan 
Indonesia 
South Korea 
Australia 

Europe 

Germany  
France 
The UK 
Italy 
Spain 
Russia 
Poland 

North America 

The US 
Canada 

Middle East & Africa 

Saudi Arabia 
The UAE 
Turkey 
South Africa 

Latin America 

Brazil 
Mexico 
The Rest of Latin America 

 

Key Questions Answered in the Report:    

How big is the plumbing parts market? 

What is the growth rate of the global plumbing parts market? 

Which region dominates the global plumbing parts market share? 

What are the significant trends in the plumbing parts market? 

Who are the key players in the global plumbing parts market?  

 

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