The global demand for Handsfree Water Tap Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Hands-free water tap uses infrared technology, contains a sensor in a faucet which senses the presence of human body and thereby allow water flow. These taps run for as long as required for handwashing and contributing to significant water savings. Hands-free water taps are a cleaner, greener, and more cost-effective alternative to regular faucets and are ideal for schools, colleges and nurseries, as they eliminate the risk of children leaving the taps running.
The growing urbanization in developing countries is boosting demand for hands-free water taps. Consumers are more concerned about quality. But now the growth drivers are changing. Due to COVID-19, the demand for the touchless product is gaining growth. Hands-free water taps are projected to become an increasingly common sight in commercial buildings. This is because hands-free water tap allows multitasking and avoid bacterial and viral contamination for more hygiene. The lack of human contact also means less prone to infection. Although, the cost of touchless taps is more than regular taps which is restraining factor for the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of handsfree water tap.
The entire handsfree water tap market has been sub-categorized into type, end-user and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Sink Hands Free Taps
- Shower Hands Free Taps
- Bathtub Hands Free Taps
This section covers regional segmentation which accentuates on current and future demand for handsfree water tap market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Handsfree Water Tap Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the handsfree water tap market include Grohe, Moen, Gessi, Advanced Modern Technology Corporation, American Standards etc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.