A new report entitled ‘Kitchen Taps Market Report UK 2023-2027’ has been published by AMA Research. The report represents an informed and up-to-date review of this changing market.
With the outbreak of the Covid-19 pandemic in 2020, the UK kitchen taps market saw a decline of around -2% as the UK economy locked down and construction sites closed.
However, this decline was considerably less than other sectors of the construction industry, with a notable uplift in home improvement activity (including kitchen refurbishments) particularly evident. Many homeowners had accumulated savings as a result of the pandemic lockdowns and opted to focus on improving their home environment.
The kitchen taps market was also supported by the strong growth of kitchen water systems, particularly boiling water taps, which has significantly added value to this market sector in the last 2-3 years.
Key Areas Covered in the Report
Market summary
- Market size by value 2018 to 2023, rates of change.
- Kitchen taps market overview overall and key trends.
- Imports and exports data.
- Market splits including product mix by volume and value.
Market influences & drivers
- Main influences that drive the kitchen taps industry including a detailed PESTLE analysis.
- Analysis including impact of Brexit, the pandemic, and cost-of-living crisis. Changes in UK government leadership, policy, and standards. Economic forecasts and impact on confidence levels and expenditure.
- Social factors including changes in consumer buying habits, lifestyle factors and population demographics. Technological developments including trend towards smart kitchens.
- Environmental factors including growing number of people looking to live a greener lifestyle by investing in sustainable, quality tapware that also cuts the cost of their utility bills,
End use sectors
- Summary of sectors driving demand for kitchen tap products, market split by end-use sector.
- Residential new build prospects and influences including housebuilding activity, mix by type of dwelling, trends.
- Residential RMI prospects and influences including impact of Covid-19 pandemic on level of home renovations.
- Non-residential construction prospects and influences.
Product subsectors
- Kitchen mixer and pillar taps – market size by value 2018 to 2023. Product mix by volume. Market analysis by sub-sector. Key suppliers. Leading company market shares and profiles.
- Kitchen water systems – market size by value 2018 to 2023. Product mix by volume. Market analysis by sub sector – boiling water tap systems; non-boiling water tap systems. Key suppliers. Leading company market shares and profiles.
Distribution
- Review of distribution
- Map, key channels, developments.
- Company overview and financials of key trade distributors
- Merchants, kitchen and bathroom distributors, home improvement and other retail multiples, kitchen retailers, online specialists, direct supply etc.
Market forecasts and product innovations
- Ten-year UK kitchen taps market view 2018 – 2022, plus forecasts to 2027, rates of change. Overview of market prospects.
- Ten-year market view by product sub-sector to 2027 and rates of change. Summary of market prospects.
- Product innovations and notable new product designs.
The Kitchen Taps Market Report UK 2023-2027 is available now and can be ordered here.
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