What is Global PVD Coated Faucet Market?
The Global PVD Coated Faucet Market is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. PVD, or Physical Vapor Deposition, is a coating technology that is used to deposit a thin, hard coating on the surface of faucets, enhancing their durability and aesthetic appeal. This market is primarily driven by the increasing demand for durable and aesthetically pleasing faucets in both residential and commercial sectors. The market is also influenced by the continuous innovations and advancements in coating technologies that offer superior properties such as resistance to corrosion, abrasion, and tarnishing. The global PVD Coated Faucet Market was valued at US$ 1368.2 million in 2022 and is expected to reach US$ 1786.1 million by 2029, growing at a CAGR of 3.8% during the forecast period 2023-2029.
Bathroom Faucet, Kitchen Faucet in the Global PVD Coated Faucet Market:
The PVD Coated Faucet Market is segmented based on the application into Bathroom Faucet and Kitchen Faucet. The bathroom faucet segment holds a significant share in the market due to the increasing demand for luxury and modern bathrooms in residential and commercial sectors. On the other hand, the kitchen faucet segment is expected to witness substantial growth in the coming years due to the rising trend of modular kitchens and the increasing demand for high-end kitchen appliances. The leading producers in this market are Kohler, Moen, and Grohe, who held revenue ratios of 16.04%, 13.96%, and 12.07% respectively in 2019.
Residential, Commercial in the Global PVD Coated Faucet Market:
The application of PVD Coated Faucets is widespread in both residential and commercial sectors. In the residential sector, these faucets are extensively used in bathrooms and kitchens due to their superior properties such as resistance to corrosion, abrasion, and tarnishing. The demand for these faucets is expected to increase in the coming years due to the rising trend of modern and luxury homes. In the commercial sector, PVD Coated Faucets are used in hotels, restaurants, offices, and other commercial buildings. The demand in this sector is driven by the need for durable and aesthetically pleasing faucets that can withstand heavy usage.
Global PVD Coated Faucet Market Outlook:
To rephrase the market outlook, the Global PVD Coated Faucet Market, which was valued at US$ 1368.2 million in 2022, is projected to reach a value of US$ 1786.1 million by 2029. This indicates a growth rate, or CAGR, of 3.8% during the forecast period from 2023 to 2029. The market is dominated by leading manufacturers such as Kohler, Moen, and Grohe, who accounted for 16.04%, 13.96%, and 12.07% of the market revenue respectively in 2019.
| Report Metric | Details |
| Report Name | PVD Coated Faucet Market |
| Accounted market size in 2023 | US$ 1428 million |
| Forecasted market size in 2029 | US$ 1786.1 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Kohler, Moen, Grohe, Delta, Hansgrohe, Roca, American Standard, Jomoo, Arrow |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
