The faucets market size is estimated to reach $59.2 billion by 2027, registering a CAGR of 7.8% in India. Majorly used in the kitchen and bathroom, faucets devices are integral part of plumbing system and control the flow of water.
Among the faucets, the Bathroom & kitchen segment is witnessing the fastest growth, due to increasing trend of modular bathroom & kitchen, people are opting for advanced and sophisticated in-built appliances.
Mr. Naresh Kumar Garg, Chairman & Managing Director, Pearl Precision said, “The market has become much more educated and there is a lot of additional thrust for design innovation where our core strength lies. We see a lot of momentum for our brand in Krishnagiri, customers want a variety of designs as new construction of residential apartment, development in commercial spaces, renovation of houses, and replacement of old faucets are major key reasons for the increased demand.”