DUBLIN, October 5, 2017 /PRNewswire/ --

The "Global Residential Faucets Market 2017-2021" report has been added to Research and Markets' offering.

The global residential faucets market to grow at a CAGR of 8.79% during the period 2017-2021.

Global Residential Faucets Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increase in online sales of faucets. The online sales channel of faucets has been emerging as a key factor, which would drive the global residential faucets market during the forecast period. The key leading vendors in the market like Masco, LIXIL Group, and Spectrum Brands have shifted their business models toward the implementation of sales of products through the online distribution network.

According to the report, one driver in the market is product premiumization through product innovation and wide product assortment. Marketers have raised their level of innovation and product assortments to combat the growing competition from rivals in the market. For instance, Masco, a key vendor in the market, is operating with multiple brands named AXOR, Delta Faucet, Ginger, Bristan Group, Newport Brass, Peerless, Mirolin Industries, Hot Spring, and Hansgrohe International. This leads to enhance the visibility of products and wide product assortment under different brands, thus increasing the probability of new customer acquisition and repeat sales from the existing customers

Further, the report states that one challenge in the market is increase in raw material and labor costs. One of the prominent operational challenges faced by the global residential faucets market is the raw materials and manufacturing costs. The metallic raw goods and components parts for manufacturing the finished product are expensive. Hence, the cost of manufacture increases with a rise in the price of metals like aluminum, iron, copper, or other raw materials. This affects the profit margins for manufacturers and retailers. Manufacturers are required to produce and promote a certain quantity of units to maintain an optimum profit margin.

Key vendors

• LIXIL Group
• Masco
• Spectrum Brands
• Zurn Industries
• Vigo Industries

Other prominent vendors

• BRIZO KITCHEN & BATH COMPANY
• Elements of Design
• Freuer Faucets
• Jaquar
• Kingston Brass
• Premier Faucet
• Ultra Faucets
  

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Market Segmentation By Product Type

Part 08: Segmentation By Operational Configuration

Part 09: Segmentation By Built Material

Part 10: Segmentation By Installation Type

Part 11: Segmentation By Type Of Mounting

Part 12: Segmentation By Price Range

Part 13: Segmentation By Operational Mechanism

Part 14: Segmentation By Connectivity

Part 15: Geographical Segmentation

Part 16: Key Leading Countries

Part 17: Decision Framework

Part 18: Drivers And Challenges

Part 19: Market Trends

Part 20: Vendor Landscape

Part 21: Key Vendor Analysis

Part 22: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/fcjd6b/global

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SOURCE Research and Markets