Market Forecast By Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest Of Asia), By Technology (Sensor, Non-Sensor), By Product Type (One-Hand Mixer, Two-Hand Mixer, Others), By End-Users (Residential, Commercial, Industrial), By Applications (Bathroom Faucets, Kitchen Faucets) And Competitive Landscape
According to 6Wresearch, Asia Pacific Faucets, Mixers and Taps Market is expected to register growth throughout the forecast period 2021-27. The key regions in Asia-Pacific are China and India. These countries have cheap labor resources which in turn reduces the cost of labor and raw material too. There is an investment of hundreds of crores in faucets manufacturing plant which almost manufactures lakhs of faucets per day. Because of this Asia Pacific has become the world's largest faucet manufacturing region. The region is expected to grow more than 40% in the coming time zone. Adding onto this, China is a promising area to be the quickest creating consumption area within the subsequent few years.
Key Highlights of the Report:
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