Faucet Market Report by Type (One Hand Mixer, Two Hand Mixer, and Others), Application (Bathroom, Kitchen, and Others), Technology (Cartridge, Compression, Ceramic Disc, Ball), Materials (Metal, Plastics), Distribution Channel (Online, Offline), End User (Residential, Commercial, Industrial), and Region 2024-2032

The global faucet market size reached US$ 29.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 53.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032. The increasing urbanization across the globe, rising health consciousness among the masses, significant technological advancements, imposition of strict regulations by governments and organizations, rising expenditure capacities, and the shifting trend towards home improvement and renovations are some of the major factors propelling the market growth.

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