Demand for plumbing fixtures and fittings in the United States will rise 7.1% per year to $10.9 billion in 2015, according to a new study by The Freedonia Group.
to a new study by
The Freedonia Group, the demand for plumbing
fixtures and fittings in the United
States will rise 7.1% per year to $10.9
billion in 2015, spurred by a recovery in building construction expenditures
from a low 2010 base. From the 2007-2010 downturn in housing construction, many
builders installed fewer and smaller bathrooms and stocked them with less-expensive
fixtures and fittings in new houses.
new residential market will see the largest growth in plumbing fixtures and
fittings demand because of a rise in housing completions, the study noted,
although remodeling and repair applications will stay the largest market
through 2015. In the nonresidential market, plumbing product demand will be
sparked by rebounding construction activity.
study projected fixtures demand will rise 8.7% annually to $5.9 billion in 2015,
primarily in higher-priced products such as hot tubs, spas, whirlpool bathtubs,
cast polymer lavatories and large restaurant-style sinks.
fittings demand will rise 5.3% per year to $5 billion, the study reported. Metal
prices, which rose quickly between from 2005 to 2010, are expected to grow at a
more modest pace through 2015, suppressing advances. Growth in value demand for
plumbing fittings will be seen as an increasing share of supply coming from
rebounding building construction expenditures will boost gains, as will an
increasing consumer interest in low-flow fittings that reduce water use and
lower utility bills.
U.S. Plumbing Fixtures, Fittings Demand To Reach $11 Billion
October 5, 2011