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.
Please Choose One of them.