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

India Faucet Market Analysis

The India Faucet Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 3.13 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).

In the Indian market, demand for bathroom hardware, which comprises faucets as well, is observing continuous growth, creating a positive externality for the sales and demand of faucets. Globally, India exists among the leading five countries for bathroom hardware and faucet market. Continuous expansion of real estate in India is leading to an increase in demand for water supply hardware as well as a rise in sales of faucets by manufacturers and retailers. Among the Indian real estate segment, residential real estate has a significant share in comparison to commercial real estate, resulting in manufacturers designing their products by keeping different segments of customers in consideration.

The share of India's population with access to a household has observed a continuous increase over the years, creating an increase in demand for faucets. Highly populated cities of India are observing a continuous rise in demand for residential spaces and are emerging as spaces for the expansion of faucet sales by manufacturers. Delhi, Mumbai, Kolkata, and Bangalore are among the major Indian markets for the sales of faucets with an expansion of retail stores and franchises of varying brands. Post-COVID-19, the rising disposable income of households led manufacturers to launch premium faucet products as an increasing population is focusing on the looks and design of their kitchens and bathrooms.

These trends are leading to India emerging as a major market for faucet manufacturers, with an increasing expenditure by manufacturers on advertising and expanding their product sales.

India Faucet Market Trends

Rising Demand for Automatic Faucets is Driving the Market

India Faucet Industry Segmentation

A faucet is a device usually used for controlling the flow of liquid from a pipe. The most common type of faucet used is the different types of tap used in commercial as well as residential spaces. Rising technological innovations are leading to faucets equipped with sensors making automatic flow of water when in use.

The study gives a brief description of the Indian faucet market and includes details on types of faucets, investments by the manufacturers, and technological, product innovation by the manufacturers.

India's faucet market is segmented by product type, by technology, by installation, by material used, by application, by end-user, and by distribution channel. By product type, the market is segmented into ball, disc, cartridge, and compression. By technology, the market is segmented into manual and automatic. By installation, the market is segmented into deck mount and wall mount. By material, the market is segmented into chrome, stainless steel, brass, Polytetra Methylene Terephthalate (PTMT) Plastic, and other materials. By application, the market is segmented into kitchen faucets, bathroom faucets, and other applications. By end user, the market is segmented into residential and commercial. By distribution channel, the market is segmented into B2C/retail, multi-brand stores, exclusive stores, online, and B2B/Project (architect, interior designers, contractors, etc.).

The report also covers the market sizes and forecast for the Indian faucet market in value (USD) for all the above segments.