Metal Floor Drain Market Definition
Metal floor drain are the plumbing fixtures designed to install in the floor to serve the purpose of removing wastewater from floor areas and discharge the water directly into the sewer and wastewater systems. Increase in number of building & construction activities across the globe and high demand from household and commercial sectors are driving the growth of the market. However, increase in raw material prices may restrain the growth of the market over the forecast period. Asia Pacific is dominating the global market owing to increase in industrial and domestic applications of the metal floor drain.
The market study is broken down by Type (Stainless Steel, Cast Iron, Copper and Others), by Application (Household, Commercial, Industrial and Others) and major geographies with country level splits.
The Vendors having a strong hold in the market are Aliaxis Group, Zurn Industries, Watts Water Technologies, ACO. Research Analyst at AMA estimates that North America and Europe Vendors will contribute to the maximum growth of Global Metal Floor Drain market throughout the predicted period.
Aliaxis Group (Belgium), Zurn Industries (United States), Watts Water Technologies (United States), ACO (Germany), Hongli Sanitary Ware (China), Geberit (Switzerland), Hongxing Manufacturing Group Ltd. (China), McWane (United States), Jayna (India) and KESSEL AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Caggiati Maurizio (Italy), HL Hutterer and Lechner GmbH (Germany), Miro Europe (Italy) and WeiXing NBM (China).
AdvanceMarketAnalytics has segmented the market of Global Metal Floor Drain market by Type, Application and Region.
On the basis of geography, the market of Metal Floor Drain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Shape, the sub-segment i.e. Round will boost the Metal Floor Drain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. 2 inch will boost the Metal Floor Drain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Aliaxis announce that Friatec GmbH, German manufacturer of connection technology for piping systems, will be operating under the name “Aliaxis Deutschland GmbH”, effective December 1st, 2019. This name change will allow the company to present itself as an integrated provider of solutions for the industry and infrastructure segments.
Zurn Industries, LLC announces the relocation of its service centre facility from Ontario, California to Fontana, California on 22 Nov, 2019. The service centre operation move will expand the total space from 115,000 to 186,000 square feet and position the company for future development.
Countries that are members of the International Organization for Standardization (ISO) must adopt the ISO framework as a minimum standard set for plumbing products and materials.
- Ecoguss Drains are in trend which combines the advantages of polymer (low weight and no corrosion) with those of cast iron (sound protection and heat resistance)
- High Demand from Infrastructure Development Sector Owing to Increase in Construction Activities
- Increasing Awareness of Hygiene and Sanitary among People
- Government Initiatives and Policies for Hygiene and Sanitation
- Increasing Number of Industries across the Globe
- High Cost of Product owing to Fluctuating Raw Material Prices
- Rusting Problem Using Metal Floor Drain
- Availability of Cheapest Substitutes such as Plastic Floor Drain
- Intense Competition in the Market
Key Target Audience
Government Organisation, Real Estate Companies and Builders & Contractors
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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