U.S. Faucet Market Projected To Raise At USD 4.7 Billion By 2028
San Francisco, 16 May 2024: The Report U.S. Faucet Market Size, Share & Trends Analysis Report By End User (Residential, Commercial), By Application (Kitchen, Bathroom), By Distribution Channel (E-commerce, Multi-brand Retailers), By Region, And Segment Forecasts, 2021 - 2028 The U.S. faucet market size is anticipated to reach USD 4.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2021 to 2028. Rising demand for home furnishings and fittings is driving the market. According to the Leading Indicator for Remodeling Activity (LIRA), home improvement spending grew at 6.0% annually in 2019. The growing construction of smart homes and smart bathrooms can be attributed to an increasing number of consumers showing a preference for a spa-like experience at home. Digital faucets that operate on sensors serve as a means of conserving water and energy through different features such as reduced tap flow, digit