NEW YORK , Oct. 25, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The Global Residential Plumbing Market size is estimated to grow by USD 26.20 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 4.95% during the forecast period. Rise in number of residential buildings globally is driving market growth, with a trend towards advent of eco-friendly plumbing solutions.
However, high cost and maintenance of residential plumbing poses a challenge.Key market players include American Bath Group, Astral Ltd., Bradford White Corp.
, Chemed Corp., Colston Bath , Credo Trading, Elkay Manufacturing Co., Geberit International AG, Globe Union Industrial Corp.
, Home Depot Inc., Kohler Co., LIXIL Corp.
, Lowes Co. Inc., Masco Corp.
, Moen Inc., Reliance Worldwide Corp. Ltd.
, Rheem Manufacturing Co., The Supreme Industries Ltd., Toto Ltd.
, and Uponor Corp.. Key insights into market evolution with AI-powered analysis.
Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver Eco-friendly residential plumbing solutions offer numerous benefits, including enhanced performance, cost savings, and reduced water and energy wastage. Toilets, such as water-efficient models, save approximately half the water used by traditional ones. In the realm of outdoor water systems, eco-friendly options like drip systems for sprinklers minimize water usage.
Water-efficient showerheads, which reduce water consumption by.