Press release
Automatic Faucets Market is Expected to Grow at a CAGR of over 6% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Automatic Faucets market was valued at USD 301 million in 2020 and is projected to reach USD 479.75 Million by 2028, growing at a CAGR of 6% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 6% size of the Automatic Faucets Market at the end of the forecast period.
• The Global Automatic Faucets market is predicted to reach a value of USD 479.75 Million by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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An automatic faucet or faucet (hands-free faucet, touchless faucet, electronic faucet, motion-sensing faucet, sensor faucet, or infrared faucet) is a faucet equipped with a proximity sensor and mechanism.
Geographically, the global automatic faucet market has been segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further divides the field study by each region into major country-level markets. The sectoral analysis section provides a comprehensive analysis on various factors affecting the growth of the market such as economy, industry competitiveness, technological progress, import-export ratio and availability of raw materials.
Market Segmentation:
By Type:
• DC
• AC
By Application:
• Residential
• Commercial
• Industrial
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COVID-19 Impact Analysis of Automatic Faucets Market:
When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Automatic Faucets market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Automatic Faucets Market:
• Rozin
• GROHE
• Wayfair
• Danze
• Chaoyang
• JOMOO
• DELTA FAUCET
• Brizo
• Kingston Brass
• Kohler
• American Standard
• Delta Faucet
• Moen
• Beelee
• Lowe's
• TOTO
• LightInTheBox
• Rubbermaid.
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Reason for buying this Automatic Faucets market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Automatic Faucets market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Automatic Faucets market and provides possible solutions to those problems.
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