After revenue was washed down the drain due to residential construction decreases brought on by the recession, it is set to rebound as pent-up demand will finally release. Due to a one- to two-year lag from the construction sector, the next few years will post strong growth in industry revenue. However, import penetration and volatile input prices will continue to threaten the industry. Over the past five years, profit has dwindled due to rising prices of copper and zinc.
The industry manufactures residential and non-residential faucets that are mainly used in bathrooms, laundry rooms and kitchens.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.