The global pull out and pull down kitchen faucet market is anticipated to gain impetus from the rising demand for modern kitchens. Fortune Business Insights, in a published report titled, “Pull Out/Down Kitchen Faucets Market: Global Market Analysis, Insights, and Forecast, 2018-2026,” states that the global pull out and pull down faucet market was valued at USD 1,990.6 Mn in 2018. Fortune Business Insights have also declared that this market is likely to reach USD 2,954.3 Mn by the end of 2026, thereby exhibiting a moderate CAGR of 5.1%.
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The report classifies the global pull out and pull down kitchen faucet market on the bases of type, flow rate, application, distribution channel, material, install type, functionality, and geography. By functionality, the market is divided into manually operated, touchless, and hybrid. According to Fortune Business Insights, touchless pull out or pull down kitchen faucets that contains advanced sensor technologies are anticipated to exhibit higher adoption by the end users.
Some of the most prominent companies that are leading the global pull out and pull down kitchen faucet market are
- Hansgrohe SE
- Moen Inc.
- American Standard Brands
- Delta Faucet Company
- Kraus U.S.A.
- Kohler Co.
- Danze Inc.
- Grohe Ltd
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
The integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2026. Additionally, rising adoption of e-financial services is expected to boost the global market.
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global market.
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to rising adoption of sedentary lifestyle in nations such as India and China.
The report also offers insights on the key players operating in the global market
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Major Table of Content for Pull Out and Pull Down Kitchen Faucet Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Pull Out and Pull Down Kitchen Faucet Market Analysis, Insights and Forecast, 2026
- North America Pull Out and Pull Down Kitchen Faucet Market Analysis, Insights and Forecast, 2026
- Europe Pull Out and Pull Down Kitchen Faucet Market Analysis, Insights and Forecast, 2026
- Asia Pacific Pull Out and Pull Down Kitchen Faucet Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Pull Out and Pull Down Kitchen Faucet Market Analysis, Insights and Forecast, 2026
- Latin America Pull Out and Pull Down Kitchen Faucet Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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