US plumbing fixture & fitting demand to reach $10.9 billion in 2010.
Demand for plumbing fixtures is projected to reach $5.8 billion in 2010, driven by efforts to upgrade existing nonresidential buildings to attract or retain tenants. Higher value fixtures such as whirlpool bathtubs and hot tubs will continue to aid gains, spurred by a healthy outlook in residential repair and improvement spending and accelerating nonresidential construction expenditures. Plumbing fittings demand is expected to be just over $5 billion in 2010, fueled by solid growth in lavatory, bathtub and shower fittings. In addition, sink fittings will continue to benefit from kitchen renovation projects. Fashion-conscious residential consumers will aid replacement demand as new finishes and product and design advances are introduced.
Residential markets for plumbing fixtures and fittings accounted for nearly 70 percent of total demand in 2005. However, the nonresidential and nonbuilding markets will provide better growth prospects through 2010. Faster growth in building spending in the nonresidential market will buoy demand for plumbing products, as will the use of higher-end fixtures and fittings in nonbuilding applications such as recreational vehicles and recreational boats.
Through 2010, the South and West regions are expected to lead gains in plumbing fixture and fitting demand in the US. Income gains in these regions will support spending on plumbing products in residential markets. Increasing nonresidential construction expenditures in the South and West will also boost demand. Gains in the Northeast and Midwest will remain below those of the South and West through 2010, due to a less favorable outlook for personal income and construction spending.
Plumbing Fixtures & Fittings (published 04/2006, 373 pages) is available for $4,400 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 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedom.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report - is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
US PLUMBING PRODUCT DEMAND (million dollars) % Annual Growth Item 2000 2005 2010 05/00 10/05 Plumbing Product 8306 9650 10850 3.0 2.4 Demand Fixtures 4034 5070 5800 4.7 2.7 Fittings 4272 4580 5050 1.4 2.0 2006 by The Freedonia Group, Inc.
|Printer friendly Cite/link Email Feedback|
|Comment:||US plumbing fixture & fitting demand to reach $10.9 billion in 2010.|
|Publication:||Research Studies - Freedonia Group|
|Date:||Sep 14, 2006|
|Previous Article:||World mining equipment demand to exceed $ 27 billion in 2009.|
|Next Article:||US dental supplies demand to reach $22.5 billion in 2010.|