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US SHIPMENTS OF PLUMBING FIXTURES & FITTINGS TO REACH OVER $9 BILLION IN 2004.

US shipments of plumbing products are forecast to rise nearly 3 percent per year through 2004 to $9.2 billion. Advances will be strongest in repair and improvement markets, both for residential and nonresidential construction. These gains will help cushion the effects of a deceleration in new building construction over the forecast period. Also offsetting the slowdown in new construction will be more intensive use of plumbing fixtures and fittings in new housing. Products with better growth prospects include whirlpool bathtubs and shower systems, as individuals seek relaxation and therapeutic benefits from enhanced bathing. Continuing growth in imports, especially from Latin America and the Asia/Pacific region, will provide competition for domestic production. These and other trends are presented in Plumbing Fixtures & Fittings, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Plumbing fixture shipments are expected to approach $4.5 billion in 2004 on annual increases of 3.5 percent. The value of plumbing fixture shipments will advance more rapidly than unit growth, driven by gains in high-value fixtures appealing to higher income consumers. In particular, bathtub and shower shipments will be aided by growth in whirlpool baths and in integrated shower systems. Many of these fixtures are made from plastics, helping to boost shipments of plastic plumbing fixtures nearly five percent per year, faster than those of any other material.

Plumbing fittings shipments are projected to increase 2.4 percent per annum through 2004 to $4.7 billion. Bathtub and shower fittings offer the best growth prospects, buoyed by remodeling expenditures on bathrooms and trends toward extra fixtures. Retrofit installations of pressure-balanced and thermostatic control valves will aid demand for these fittings. An increased assortment of antitarnish finishes and coordinated sets of fittings and accessories will encourage replacement demand among fashion-conscious residential consumers.
PLUMBING PRODUCT SUPPLY & DEMAND
(Million dollars)

Item % Annual Growth
 1994 1999 2004 99/94 04/99

Plumbing Products Shipments 6141 7967 9200 5.3 2.9
 Plumbing Fittings 3188 4179 4710 5.6 2.4
 Plumbing Fixtures 2953 3788 4490 5.1 3.5

Plumbing Products Demand 6302 8623 10200 6.5 3.4



Plumbing Fixtures & Fittings (published 10/2000, 256 pages)is available for $3,700 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail pr@freedoniagroup.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.

Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
COPYRIGHT 2000 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

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Comment:US SHIPMENTS OF PLUMBING FIXTURES & FITTINGS TO REACH OVER $9 BILLION IN 2004.
Publication:Research Studies - Freedonia Group
Geographic Code:1USA
Date:Oct 23, 2000
Words:452
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