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Global Plumbing Fittings and Fixtures Market to Reach US$49.3 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

February 18, 2011 — February 18, 2011 - Construction Defect Journal Staff

Global Industry Analysts has released a report predicting that global demand for plumbing fittings and fixtures is forecast to reach US$49.3 billion by the year 2015.

The report also remarks encouragingly about the resurgence of the residential construction market, and increasing per capita GDP figures in developing regions.

The report sites several factors contributing to the increased demand for plumbing supplies and fixtures among them are dynamic growth in sanitation and fresh water infrastructure, refurbishment purchases, fashion and styling concerns. Rising income levels and the consumer penchant for increasing number of bathrooms as well as luxury and premium fittings and fixtures are also cited as major impetus for long-term growth in the sector.

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Global Plumbing Fittings and Fixtures Market to Reach US$49.3 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.