Report Overview

Rapidly increasing number of household units across the country and spurring demand for premium faucets owing to increase in investment in luxury along with increasing launches of a wide range of products with improved technologies and sleek designs are expected to drive the India Faucet Market at a significant growth rate during the forecast period between 2023 and 2029.

India Faucet Market - Industry Trends & Forecast Report, 2029

India faucet market size is projected to grow at a CAGR of 7.1% during the forecast period between 2023 and 2029. Major growth factors for India faucet market are rising ownership of homes, increasing disposable income, and rising expenditure toward improving the aesthetics of the homes. The increasing exposure to global trends in interior design is also influencing Indian consumers, especially high and middle-income groups. Furthermore, increasing launches of a wide range of products with improved technologies and sleek designs are also expected to propel the growth of Indian faucet market during the forecast period.

India Faucet Market – Overview

A faucet is a plumbing system component used to supply water. The spout, handle(s), lift rod, cartridge, aerator, mixing chamber, and water inlets are some examples of its parts. The valve opens when the handle is switched on, adjusting the water flow under any water or temperature condition. The body of the faucet is often constructed of brass, although it can also be die-cast zinc or plastic that has been chrome-plated. Kitchen sinks frequently include ball faucets, which were the first washerless faucets. They may be identified by their single handle, which slides over a cover with a rounded ball form directly above the faucet spout.

India Faucet Market

Growth Drivers

Increasing House Ownership and Rising Demand for Aesthetics

India is registering a significant surge in the demand for housing over the past few years. The World Bank has regarded the household income increase behind this surge. The report released by it has also revealed that these households are also focusing on water and sanitation amenities, especially in urban India. The higher and middle-income groups are significantly investing in improving the looks of their bathrooms and kitchens. With the growing demand, faucet manufacturers are also launching a wide range of products at competitive prices that match the needs of Indian consumers. It is expected to boost the growth of the overall India faucet market during the forecast period.

Restraints

Cheaper Counterfeit Products

India is a highly price-sensitive market and even a slight change in the price can change the entire market dynamic. The Indian faucet market is filled with local products and counterfeit products of popular brands and consumers are highly inclined towards these as they are offered at lower prices, despite their limited life. One of the major factors for this being a huge issue is that India does not have any unitary legislation against counterfeiting, which limits legal action against those who do so. As a result, genuine faucet brands have to incur huge financial losses. This significantly affects the growth of the India faucet market.

Impact of COVID-19 on India Faucet Market

The COVID–19 pandemic deteriorated the growth of the India faucet market. The nationwide lockdown resulted in mass layoffs, and salary cuts, which resulted in huge financial crises, especially in the middle-income group. This led to a sharp decline in the demand for faucets from the residential segment. Furthermore, the investments from the infrastructure development were paused and shifted toward healthcare development, which also negatively impacted the market growth. However, the increasing construction of hospitals and other healthcare facilities post the pandemic is projected to offer lucrative growth opportunities to the market in the forecast period.

India Faucet Market

Segmental Coverage

India Faucet Market – By Product Type

Based on product type, the India faucet market is segregated into electronic and manual segments. The manual faucet type held a higher market share in 2022. Manual sink faucets are preferred by many facility managers. They are less expensive to get than touchless alternatives and are simple to comprehend. However, they are germ-filled, require a second handle to turn off the water, and electronic faucets provide greater long-term savings, which is why the electronic faucet type is anticipated to gain traction during the forecast period.

India Faucet Market – By Material

Based on material, the India faucet market is segmented into metal, plastics, and others. The metal faucet segment holds the highest share of the India faucet market because of the various benefits it offers. After casting with sophisticated technology, the surface is polished with a silver sheen, attractive and brilliant, smooth and precise-feeling, not easy to rust, and often new for a long time. It also has high physical qualities and is resistant to corrosion, abrasion, acidity, and alkali. Plastic material also covers a substantial share and is mostly dominated by the lower income groups.

India Faucet Market – By Distribution Channel

Based on the distribution channel, the India Faucet market is segmented into online and offline. The offline segment accounts for a higher market share as Indian consumers are more inclined towards retail stores and specialty for buying faucets. Retail stores offer more personal touch to them. Specialty stores allow customers to inspect their products according to their needs such as size and color. Some stores also offer in–house plumbers, which proves their cost efficiency. However, the online segment is projected to register the highest CAGR during the forecast period.

India Faucet Market – By Application

Based on application, the India faucet market is segregated into bathrooms, kitchens, and other segments. The bathroom market segment holds the highest market share because of the strong demand from both the residential and commercial markets. The usage of faucets in bathrooms not only meets water needs but also enhances the room's hygiene and visual appeal. They are easy to clean and make it easier to maintain hygiene. The kitchen sector accounts for a sizable portion of the market since it is primarily utilized for obtaining drinking water, washing food and dishes, filling pots, etc.

India Faucet Market – By End User

Based on end user, India faucet market is segregated into residential, commercial, and industrial segments. Given the increasing demand for residential space from single families, as well as from college students and working adults, the residential category currently has the biggest market share. A significant increase in private house remodeling is also predicted to drive up demand for faucets throughout the forecast period. But due to the increased building of commercial facilities such as hotels and motels, theme parks, conference centers, restaurants, etc., the commercial segment is also anticipated to develop rapidly in the coming years.

India Faucet Market – By Technology

Based on technology, the India faucet market is segregated into the cartridge, compression, ceramic disc, and ball segments. Due to the excellent durability of its external portion, the ball technology segment holds the highest market share. Because of its low cost, the ball technology is most typically utilized in kitchens. The compression faucet comes in second place to the ball in terms of market share due to its low cost and simple technology. It is also simple for them to discern between hot and cold water flow, which is advantageous for consumers.

India Faucet Market – By Region

Geographically, the India faucet market covers four major regions: North India, South India, East India, and West India. West India dominates the India faucet market owing to high government and private spending on infrastructure development projects. Maharashtra is the leading state in infrastructure development and is increasingly focusing on improving its public and commercial space landscape through the public–private partnerships. Southern states including Tamil Nadu, Andhra Pradesh, and Karnataka, are also following suit, which is anticipated to boost the market growth during the forecast period.

Competitive Landscape

Major players operating in the India faucet market include Jaquar, Bosch, Waterman, Roca, Cera, Caviar, Hindware, Delta Faucet, Grohe, Pearl Precision, Kohler, and Parryware. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In March 2022 - Pearl Precision Products, a Noida–based manufacturer of bathroom fittings and household products, launched bathroom accessories including CP faucets, a family collection range, and health faucets.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	North India, South India, East India, and West India
Product/ Service Segmentation	Product Type, Material, Distribution Channel, Application, End User, By Technology, Region
Key Players	Jaquar, Bosch, Waterman, Roca, Cera, Cavier, Hindware, Delta Faucet, Grohe, Pearl Precision, Kohler, Parryware

 

 

By Product Type

• Electronic

• Manual

By Material

• Metal

• Plastics

• Others

By Distribution Channel

• Online

• Offline

By Application

• Bathroom

• Kitchen

• Others

By End User

• Residential

• Commercial

• Industrial

By Technology

• Cartridge

• Compression

• Ceramic Disc

• Ball

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Faucet Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increase in Number of Household Units
         2. Demand for Premium Faucets Owing to Increase in Investment in Luxury Homes
         3. Rise in Urbanization
      2. Restraints
         1. Availability of Counterfeit Brands
         2. Ready Availability of Substandard Faucets
      3. Opportunities
         1. Development of Smart Faucets by Manufacturers
         2. Increase in Demand for Smart/Electronic Faucets
      4. Challenges
         1. Growing Dominance of Local Manufacturers
         2. Increasing Raw Material Price and Manufacturing Cost
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Faucet Market Overview
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Electronic
         2. Manual
      2. By Material
         1. Metal
         2. Plastics
         3. Others
      3. By Distribution Channel
         1. Online
         2. Offline
      4. By Application
         1. Bathroom
         2. Kitchen
         3. Others
      5. By End User
         1. Residential
         2. Commercial
         3. Industrial
      6. By Technology
         1. Cartridge
         2. Compression
         3. Ceramic Disc
         4. Ball
      7. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India Faucet Market
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Material
      3. By Distribution Channel
      4. By Application
      5. By End User
      6. By Technology
6. South India Faucet Market
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Material
      3. By Distribution Channel
      4. By Application
      5. By End User
      6. By Technology
7. East India Faucet Market
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Material
      3. By Distribution Channel
      4. By Application
      5. By End User
      6. By Technology
8. West India Faucet Market
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Material
      3. By Distribution Channel
      4. By Application
      5. By End User
      6. By Technology
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Faucet Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)
10. Impact of Covid-19 on India Faucet Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT analysis)
    1. Jaquar
    2. Bosch
    3. Waterman
    4. Roca
    5. Cera
    6. Cavier
    7. Hindware
    8. Delta faucet
    9. Grohe
    10. Other prominent players
12. Key Strategic Recommendations
13. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1   India Faucet Market Segmentation

Figure 2   India Faucet Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2022

Figure 4   India Faucet Market Size, By Value (USD Million),2019−2029

Figure 5   India Faucet Market Share, By Product Type, By Value, 2019−2029

Figure 6   India Faucet Market Share, By Material, By Value, 2019−2029

Figure 7   India Faucet Market Share, By Distribution Channel, By Value, 2019−2029

Figure 8   India Faucet Market Share, By Application, By Value, 2019−2029

Figure 9   India Faucet Market Share, By End User, By Value, 2019−2029

Figure 10 India Faucet Market Share, By Technology, By Value, 2019−2029

Figure 11 India Faucet Market Share, By Region, By Value, 2019−2029

Figure 12 North India Faucet Market Size, By Value (USD Million),2019−2029

Figure 13 North India Faucet Market Share, By Product Type, By Value, 2019−2029

Figure 14 North India Faucet Market Share, By Material, By Value, 2019−2029

Figure 15 North India Faucet Market Share, By Distribution Channel, By Value, 2019−2029

Figure 16 North India Faucet Market Share, By Application, By Value, 2019−2029

Figure 17 North India Faucet Market Share, By End User, By Value, 2019−2029

Figure 18 North India Faucet Market Share, By Technology, By Value, 2019−2029

Figure 19 South India Faucet Market Size, By Value (USD Million),2019−2029

Figure 20 South India Faucet Market Share, By Product Type, By Value, 2019−2029

Figure 21 South India Faucet Market Share, By Material, By Value, 2019−2029

Figure 22 South India Faucet Market Share, By Distribution Channel, By Value, 2019−2029

Figure 23 South India Faucet Market Share, By Application, By Value, 2019−2029

Figure 24 South India Faucet Market Share, By End User, By Value, 2019−2029

Figure 25 South India Faucet Market Share, By Technology, By Value, 2019−2029

Figure 26 East India Faucet Market Size, By Value (USD Million),2019−2029

Figure 27 East India Faucet Market Share, By Product Type, By Value, 2019−2029

Figure 28 East India Faucet Market Share, By Material, By Value, 2019−2029

Figure 29 East India Faucet Market Share, By Distribution Channel, By Value, 2019−2029

Figure 30 East India Faucet Market Share, By Application, By Value, 2019−2029

Figure 31 East India Faucet Market Share, By End User, By Value, 2019−2029

Figure 32 East India Faucet Market Share, By Technology, By Value, 2019−2029

Figure 33 West India Faucet Market Size, By Value (USD Million),2019−2029

Figure 34 West India Faucet Market Share, By Product Type, By Value, 2019−2029

Figure 35 West India Faucet Market Share, By Material, By Value, 2019−2029

Figure 36 West India Faucet Market Share, By Distribution Channel, By Value, 2019−2029

Figure 37 West India Faucet Market Share, By Application, By Value, 2019−2029

Figure 38 West India Faucet Market Share, By End User, By Value, 2019−2029

Figure 39 West India Faucet Market Share, By Technology, By Value, 2019−2029

 

List of Tables

 

Table 1       India Faucet Market Size, By Product Type, By Value, 2019−2029

Table 2       India Faucet Market Size, By Material, By Value, 2019−2029

Table 3       India Faucet Market Size, By Distribution Channel, By Value, 2019−2029

Table 4       India Faucet Market Size, By Application, By Value, 2019−2029

Table 5       India Faucet Market Size, By End User, By Value, 2019−2029

Table 6       India Faucet Market Size, By Technology, By Value, 2019−2029

Table 7       India Faucet Market Size, By Region, By Value, 2019−2029

Table 8       North India Faucet Market Size, By Product Type, By Value, 2019−2029

Table 9       North India Faucet Market Size, By Material, By Value, 2019−2029

Table 10     North India Faucet Market Size, By Distribution Channel, By Value, 2019−2029

Table 11     North India Faucet Market Size, By Application, By Value, 2019−2029

Table 12     North India Faucet Market Size, By End User, By Value, 2019−2029

Table 13     North India Faucet Market Size, By Technology, By Value, 2019−2029

Table 14     South India Faucet Market Size, By Product Type, By Value, 2019−2029

Table 15     South India Faucet Market Size, By Material, By Value, 2019−2029

Table 16     South India Faucet Market Size, By Distribution Channel, By Value, 2019−2029

Table 17     South India Faucet Market Size, By Application, By Value, 2019−2029

Table 18     South India Faucet Market Size, By End User, By Value, 2019−2029

Table 19     South India Faucet Market Size, By Technology, By Value, 2019−2029

Table 20     East India Faucet Market Size, By Product Type, By Value, 2019−2029

Table 21     East India Faucet Market Size, By Material, By Value, 2019−2029

Table 22     East India Faucet Market Size, By Distribution Channel, By Value, 2019−2029

Table 23     East India Faucet Market Size, By Application, By Value, 2019−2029

Table 24     East India Faucet Market Size, By End User, By Value, 2019−2029

Table 25     East India Faucet Market Size, By Technology, By Value, 2019−2029

Table 26     West India Faucet Market Size, By Product Type, By Value, 2019−2029

Table 27     West India Faucet Market Size, By Material, By Value, 2019−2029

Table 28     West India Faucet Market Size, By Distribution Channel, By Value, 2019−2029

Table 29     West India Faucet Market Size, By Application, By Value, 2019−2029

Table 30     West India Faucet Market Size, By End User, By Value, 2019−2029

Table 31     West India Faucet Market Size, By Technology, By Value, 2019−2029

Table 32     Jaquar Company Overview

Table 33     Jaquar Financial Overview

Table 34     Bosch Company Overview

Table 35     Bosch Financial Overview

Table 36     Waterman Company Overview

Table 37     Waterman Financial Overview

Table 38     Roca Company Overview

Table 39     Roca Financial Overview

Table 40     Cera Company Overview

Table 41     Cera Financial Overview

Table 42     Cavier Company Overview

Table 43     Cavier Financial Overview

Table 44     Hindware Company Overview

Table 45     Hindware Financial Overview

Table 46     Delta faucet Company Overview

Table 47     Delta faucet Financial Overview

Table 48     Grohe Company Overview

Table 49     Grohe Financial Overview