Global
washbasin mixer taps market is expected to gain a positive CAGR in the
predicted period. Washbasin mixer taps work equally well in bathroom and basin.
Users can even add cold and hot taps on the basin. Mixer taps are normally used
for controlled pressures of water based on end-use applications. Factors such as rising demand for luxury
articles in hotels and hospitality industry adds to the market growth. Also,
the market growth is expected to rise in the predicted period due to demands
from hospitality industry. However, the cost of maintenance and buying is
likely to hinder the market growth in the predicted period.
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Based
on size, the washbasin mixer taps market is segmented into small, big and large
mixer taps. Based on end-user segmentation, the washbasin mixer taps include
residential, commercial and industrial. Commercial sector is likely to grow in
the forecast period due to demand for luxury, style and lavishness. Moreover,
the rise in tourism industry also propels the market growth of this sector.
Residential sector is also expected to rise at a higher CAGR in the predicted
period.
Geographically,
washbasin mixer taps market spans North America, Latin America, Europe,
Asia-Pacific, Middle-East and Africa. North America & Europe dominate the
global market in terms of innovation and value. Also, the need for luxury items
in hotels, suites and recreation centers add to the market growth in the
predicted period. Demand from the Middle-East regions and Africa also propel
the global market growth. APAC regions such as India, Japan and Southeast Asia
are expected to grow in the predicted period owing to growing demands.
The key players in the washbasin mixer taps market include MARGOT,
Bronces Mestre, Rubinetterie Treemme, Axor, DANIEL RUBINETTERIE, Elka Design,
FANTINI, DORNBRACHT, Griferias Maier, Remer Rubinetterie, TRES, THG, Serdaneli,
CALIFORNIA FAUCETS, Bongio, Peeless and Phylrich.
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