Faucet Market Size, Share, Growth and Forecast to 2033

Vishal Gupta23 Apr, 2025Travel

The global faucet market size was valued at USD 31.03 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 58.30 Billion by 2033, exhibiting a CAGR of 6.51% during 2025-2033. Asia Pacific currently dominates the market, holding a significant share of over 33.0% in 2024. The increasing urbanization across the globe, rising health consciousness among the masses, and significant technological advancements. Additionally, the imposition of strict regulations by governments and organizations, rising expenditure capacities, and the shifting trend towards home improvement and renovations are some of the major factors propelling the faucet market share.