Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6,923.40 million | USD 9,172.48 million | 4.80% | 2021 |
FrequentlyAsked Questions
The growing demand for water-saving technology is driving the toilet tank fittings market. Leading toilet tank manufacturers' main goal is to conserve water and water resources. Population growth has increased the need for water sustainability, increasing the need for water conservation. Toilet tanks effectively contribute to water conservation. Water-saving toilet tank fittings help save total water consumption for each household. The growing demand for water-saving technology is expected to drive the growth of the global toilet tank fittings market.
According to the Zion Market Research report, the global toilet tank fittings market was worth about 6,923.40 (USD million) in 2021 and is predicted to grow to around 9,172.48 (USD million) by 2028, with a compound annual growth rate (CAGR) of approximately 4.80 percent.
Europe holds the dominant share of the global toilet tank fittings market and is expected to maintain its leadership position throughout the forecast period. In 2020, this region accounted significant market share. Factors such as increasing consumer spending on maintaining bathroom hygiene and improving purchases of smart toilets are driving the region’s market. Many people in the UK and Germany prefer touchless smart toilets. In addition, increased spending on hygiene and health products in Germany, the UK, and France is a favorable factor for increasing the market size.
Some of the main competitors dominating the global toilet tank fittings market include R&T Plumbing, WDI Plumbing, Xiamen Alyn Plumbing, Fluidmaster, Yuyao meige Sanitary Parts Industrial, BQM, Zhoushan Haichen, Siamp, Meitu, and Gerberit.
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