GCC Faucet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

GCC Faucet Market Analysis

Due to an increase in imports over the same period of time and a year-over-year fall in exports, COVID-19 continues to be a significant problem for economies in the GCC. The faucets industry is attempting to rebound. Despite this, it indicates that there is a direct impact on the chemical, ICT, and healthcare industries, creating a sizable market for faucets.

One of the main elements fostering a good view for the industry is rapid urbanisation, together with strong expansion in the residential sector in GCC. The demand for elegant, ergonomically designed faucets that are practical to use and aesthetically pleasing is also rising as a result of changing lifestyles and rising levels of living. By 2024, Saudi Arabia's construction industry will generate over $28,7 billion in U.S. dollars. In 2020, the number of homes in the United Arab Emirates will be around 231.2 thousand. Around 92.8 thousand of those homes were projected for Abu Dhabi alone, followed by the emirate Dubai with 35 thousand home units. Other growth-promoting aspects include a variety of product improvements, such as the creation of touch-free, digital, and hybrid smart faucets with efficiency sensors and temperature metres. In keeping with this, intensive marketing campaigns by the manufacturers and the rise of online retail sites that provide consumers a wide range of options for products are also fueling the market's expansion. Thermostatic faucets are trending in GCC market.

GCC Faucet Market Trends

This section covers the major market trends shaping the GCC Faucet Market according to our research experts:

Increase in Building Construction in GCC Fostering Faucets Demand

GCC Faucet Industry Segmentation

A device known as a faucet controls how much liquid, gas, or oil comes out of a pipe or vessel. It is also known as a tap and cock. A faucet is made up of a tube spout and a stopper that may be moved, such as a spigot, valve, or slide. When the handle of a faucet is turned on, a valve that regulates the flow of liquid or gas opens. The user's wants can be accommodated by altering the liquid flow. Faucets come in a variety of colours, price ranges, materials, and styles depending on what the user wants and needs. GCC Faucet market is segmented By Product Type (Ball, Disc, Cartridge and Compression), By Technology (Manual, Automatic), By Material Used (Stainless Steel, Chrome, Bronze Plastic, Others), By Application (Bathroom, Kitchen, Others), By End Use (Residential, Commercial, Industrial), By Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman).