Bharatbook added a new report on "World Plumbing" which gives in-depth analysis and forecast on Worldwide Plumbing market.
Online PR News – 05-April-2010 – – World Plumbing to 2013
Asia/Pacific market to spur gains through 2013
Global demand for plumbing fixtures and fittings is forecast to advance 3.5 percent per annum through 2013 to more than $65 billion. The Asia/Pacific region will register the most rapid growth, as residential and nonresidential building construction spending in the area increases. Initiatives to expand water and sanitation networks in regional countries will further aid demand for plumbing products. A number of Asian countries are expected to post large gains, including China, India, Indonesia and Vietnam. China alone will account for over onehalf of all new worldwide plumbing product demand between 2008 and 2013. ( http://www.bharatbook.com/detail.asp?id=133397&rt=World-Plumbing.html )
US to lead gains among developed regions
Growth in the developed parts of the world -- the US, Canada, Japan, Western Europe and Australia -- will be not as strong as in most industrializing regions. As the economies of these countries recover from the global financial crisis, building construction spending will generally grow at a much slower pace than during the 2003-2008 period, limiting demand for plumbing fixtures and fittings. In the US, however, building construction expenditure growth will accelerate through 2013 because the country experienced the effects of the financial crisis at a much earlier date. All spending gains will be concentrated in the residential market.
The Asia/Pacific region, Western Europe and North America are the leading producers of plumbing fixtures and fittings, accounting for more than fourfifths of global output in 2008. The largest manufacturers in these regions are China, the US, Japan, Germany, Italy, France, Spain and the United Kingdom, each with 2008 industry shipments of more than $1.5 billion.
Residential market to be fastest growing end use The residential market for plumbing products is projected to be the fastest growing end-use sector between 2008 and 2013. In industrialized regions, rising population levels and increased demand for urban housing will stimulate new residential construction activity. As disposable incomes in these areas rise, households will spend more on the improvement and repair of existing residences; as a result, outdated fixtures and fittings will be replaced more frequently. Among developed countries, the US will make the largest contribution to residential market growth. Following a period of sizable declines, both new residential construction activity and related product demand are expected to increase rapidly through 2013 from a low 2008 base.
Fixtures to outpace fittings
The fixtures segment of the worldwide plumbing product market is expected to grow at a somewhat faster pace than the fittings segment during the 2008-2013 period. Rising per capita incomes in industrializing countries, especially among the urban population, will spur demand for more sophisticated fixtures. Efforts to expand water supply and sanitation networks in rural areas will also stimulate product sales. In developed countries, increasing demand for lowconsumption fixtures (e.g., electronic faucets) and recreational bathing fixtures (e.g., spas, hottubs) will assist gains.
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