The global bathroom tap market value was more than $16,270 million in 2020. The global bathroom tap market is forecast to grow at a compound annual growth rate (CAGR) of more than 4.5% during the forecast period from 2021-2027.

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A bathroom tap is often attached to the water supply through a tap connector, typically soldered or compression-fitted to the water pipe, and has a nut that screws into the threaded “tail” of the tap, which hangs under the bath, basin, or sinks. Water flows from spouts above the shower are combined with hot and cold water that are adjustable independently with mixer taps. It is possible to connect shower hoses to mixer bath taps, so water can be routed to them as needed.

Hygiene standards and energy conservation, along with new technology’s rapid development, lead manufacturers to develop modern bathrooms that feature cutting-edge accessories. Consumers and manufacturers alike are gaining popularity with smart bathroom taps as they become more advanced. Innovative technology has enabled an array of electronic and digital taps to become available to the household and commercial markets.

Factors Affecting the Market

Source: https://www.taiwannews.com.tw/en/news/4475505