Market Overview

Global Filtered Water Faucets and Faucet Systems Market 2018-2022 to Post a CAGR of 10% in the Next Four Years | Technavio

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Technavio
analysts forecast the global filtered water faucets and faucet systems
market to grow at a CAGR close to 10% during the forecast period,
according to their latest market research report.

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Technavio has published a new market research report on the global filtered water faucets and faucet ...

Technavio has published a new market research report on the global filtered water faucets and faucet systems market from 2018-2022. (Graphic: Business Wire)

Expansion of distribution networks and adoption of multichannel
marketing strategies is one of the major trends being witnessed in the global
filtered water faucets and faucet systems market 2018-2022
.
Marketing is important for the manufacturers of filtered water faucets
and faucet systems. Product improvement along with appropriate channels
of distribution, effective advertising, and aggressive pricing
strategies are essential factors that affect the promotion of products
among end-users. Rapid internet penetration helps manufacturers to
conveniently offer product information to residential and commercial
sectors, thereby making the process of marketing easy. Moreover, factors
such as rising internet penetration and the rise in adoption of digital
products such as tablets, smartphones, and laptops have boosted online
sales. The market is also dominated by a few retail chains in developed
countries. Thus, both marketers and retailers are adopting omnichannel
retailing to facilitate a seamless shopping experience for customers as
well as boost the sales of the global market.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global filtered water faucets and faucet systems
market is innovation and portfolio extension leading to product
premiumization:

Global filtered water faucets and faucet
systems market: Innovation and portfolio extension leading to product
premiumization

Players operating in the global filtered water faucets and faucet
systems market have increased their focus on innovation and product
assortments to survive the growing competition from their rivals. The
advantages of this approach include enhanced product visibility and wide
product assortment under different brands, which increase the
probability of new customer acquisition and repeat sales from existing
customers. Additionally, the improved assortment of products provides
vendors with a window for integrated pricing strategy. Moreover, vendors
are decentralizing into brands to showcase their range of products,
which helps them in product positioning with respect to price and
product characteristics. Therefore, product innovation and extensive
product assortment lead to premiumization of products, which drives the
price quotient of the market.

According to a senior analyst at Technavio for research on
transportation and distribution, "the global market is gradually
synchronizing with the dynamic customer needs and aspirations, which
encourage vendors to constantly upgrade their fittings and faucet
products. The use of technological advances in the product manufacturing
and designing processes helps vendors to come up with innovative
concepts, as a part of their product innovation efforts, many of the key
vendors are seen to focus on functionality, convenience, and quality
aspects."

Global filtered water faucets and faucet
systems market: Segmentation analysis

The global filtered water faucets and faucet systems market research
report provides market segmentation by product (filtered water faucets
and filtered water faucet systems), by application (commercial and
residential), and by region (the Americas, EMEA, and APAC). It provides
an in-depth analysis of the prominent factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

The Americas held the largest share of the market in 2017, accounting
for over 44% share, followed by the EMEA and APAC respectively. However,
during the forecast period, the APAC region showed the highest
incremental growth followed by the EMEA region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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