Global Automatic Faucets Market Overview:
Automatic faucets are works for faucets with motion sense feature with automatic activation. This automatically allows the user to turn the water on and off with the wave of the hand. Its ready sensors detect any type of object to make the task easier. It has a wave sensor which detects the movement of hands to activate water flow. With the increasing consumer behavior towards interior designing along with rising purchasing power of the consumer is creating a huge demand for this product. Another reason is the rising number of commercial buildings in developed regions is creating huge growth potential in the future. Thus, the demand for sensor faucets across the globe will increase. Unlike other sensors, these sensors even save resources such as water. In addition to this, continuous technological advancements, as well as up surging disposable incomes, will generate numerous opportunities over the forecasted period. Sensor faucets are the automated water taps which can be made up of Infra-red Sensor Faucet, and Touch Button Faucets. Some of the key players profiled in the study are Grohe (Germany), Kohler (United States), Moen (United States), American Standard (United States), TOTO (Japan), Kingston Brass (United States), LightInTheBox (China), Rozin Sanitary Wares Co., Ltd. (China), Delta Faucet (United States) and Beelee (China).
On the basis of geography, the market of Automatic Faucets 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 End Users, the sub-segment i.e. Healthcare Industry will boost the Automatic Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Kitchen Faucets will boost the Automatic Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Ceramic will boost the Automatic Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- With the rising number of smart homes and smart city projects in developing countries. Along with raising awareness towards rising construction automation and introduction to artificially intelligent sensors. With the rise in technology advancement and rising consumer purchasing power is driving this market.
- Rising Adoption of IoT Based Technology
- Growing Habit of Touchless Soap and Automatic Hand Dryers
- Continues Research and Developments and Increasing Applications of Touchless Faucets
- High Installation Cost
- Required Maximum Post Purchase Maintenance
- Approval of Smart Bathroom on Airport
- Need To Innovation in Water Saving Technology
- Increasing Disposable Incomes from Emerging Economies
- Rising Threats of Substitution
- Lack of Awareness about Smart Systems from Underdeveloped Economies
Major Market Developments:
In Jan 2020, Kohler revealed innovative kitchen and bath products, the company introduce five new products which include touchless toilet technology. The company uses advanced technology in their product to become more competitive in the market.
The global Automatic Faucets market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Automatic Faucets Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Automatic Faucets market on the basis of product  , application [Entertainment Malls, Restaurants, Hotel Rooms, Educational Institutions, Corporate Offices, Conference or Seminar Rooms and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automatic Faucets market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Automatic Faucets industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Danze (United States), Jomoo (China) and Delta Faucet (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automatic Faucets market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.