A recent report ongoing by Infinium Global Research on the thermostatic faucet market provides in-depth analysis of segments and sub-segments in the MENA as well as the regional thermostatic faucet market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional thermostatic faucet market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the MENA thermostatic faucet market. According to the report, the MENA thermostatic faucet market is projected to grow at a significant CAGR over the forecast period of 2021-2027.
The MENA thermostatic faucet market is a device or valve that helps to release or deliver water by adjusting it to a required temperature. It operates by mixing hot and cold water from plumbing. Handle, spout, cartridge, lift rod, aerator, mixing chamber, and water inlets help the user to take care of a secure shower, ensure constant water temperature for a particular time duration, and forestall the chance related to scalding. The increasing popularity of smart thermostatic faucets in various sectors, like in hospitals, corporates, hotels, spa centers, beauty, and other commercial and industrial sectors, is additionally the key factor propelling the expansion of the market in the Middle East and North Africa region.
Increasing demand for advanced faucets and rising urbanization Middle East and North Africa region are projected to propel the thermostatic faucet market growth during the forecast period. The growth of the MENA thermostatic faucet market is attributed to rising customer preference for luxury products and increasing demand for advanced faucets among the middle-class population worldwide. Additionally, increasing construction activities in developing countries such as UAE will propel the growth of the market in the MENA region. Increasing disposable income, changing standard of living, and increasing urbanization will enhance the expansion of the market. The increasing number of residential houses because of urbanization enhanced the demand for advanced faucets. Worldwide UAE is known as a tourist country and therefore construction activities are rapidly developing in the country. Major players make large investments in the Research and Development of faucets to produce contactless products to capture the market share. This will propel the growth of the market during the forecast period. However, the high cost of the products and increased cost of construction activities because of the epidemic are the major restraints to the growth of the thermostatic faucet market. Shifting customer preference because of the entrance of modern products, stringent government rules, and high transportation costs is expected to hamper the growth of the market during the forecast period.
On the basis of countries, the MENA thermostatic faucet market is segmented into Algeria, Jordan, Qatar, Bahrain, Kuwait, Saudi Arabia, Egypt, Lebanon, Syria, Iran, Libya, Tunisia, Iraq, Morocco, United Arab Emirates, Israel, Oman, Yemen, and others. Saudi Arabia and Egypt hold the biggest market share, because of the increasing demand for advanced bathroom and kitchen accessories. Moreover, increasing awareness regarding water conservation is fueling the demand for thermostatic faucets in the region during the forecast period. Furthermore, the United Arab Emirates is expected to dominate the MENA thermostatic faucet market during the forecast period. The growth of the market is accredited to the increasing construction activities in the commercial and residential sectors within the region.
The report on MENA thermostatic faucet market covers segments such as product, and distribution channel. On the basis of product, the sub-markets include single lever, two handle, and others. On the basis of distribution channel, the sub-markets include residential, and commercial.
The report provides profiles of the companies in the market such as Delta Faucet Company, Jaguar Group, AVK Saudi Valves Manufacturing Co. Ltd., Xylem Saudi Arabia, Saudi ceramic, RAK Ceramics, and Kohler Middle East.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the thermostatic faucet market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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