US demand for Plumbing Fixtures to grow 2.6% annually to 2011

Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report According to the report “Plumbing Fixtures & Fittings” available at http://www.reportbuyer.com/go/FED00086 US demand for plumbing fixtures and fittings is expected to advance 2.6 percent annually through 2011 to $11.4 billion. Growth will be supported by increasing applications in improvement and repair markets in both residential and nonresidential construction and by an acceleration in new nonresidential construction expenditures. Gains will also be aided by ongoing trends toward larger bathrooms and kitchens in residential markets. These factors will help to offset weak single-family housing completions and a moderation in raw material pricing for metal and plastic. US shipments of plumbing fixtures and fittings are forecast to increase marginally to 2011. Gains in plumbing product shipments will lag that of demand as imports, which grew nearly 17 percent per annum between 1996 and 2006, continue to expand at a rapid pace. The bulk of plumbing product imports will continue to be from Asian manufacturers with lower production costs, who supply products for economy-minded customers, and from European firms looking to expand their reach to aesthetic-minded customers. In addition, producers based in Latin American nations will continue to represent a small, but growing source of imports for the US market. The report states that demand for plumbing fittings is expected to expand at a slightly faster pace than its fixture counterpart. Advances will be supported by product developments, such as a broader palette of finishes, electronic functionality and universally accessible control design, that will help generate demand for plumbing fittings. Consumer interest in higher-end amenities, particularly those with European influence, will also bolster value growth. The residential market accounted for 69 percent of plumbing product demand in 2006. The segment will not, however, lead advances in the industry to 2011. Growth is anticipated to decelerate significantly from the 2001-2006 period, which was characterised by strong new housing construction. The new housing market is expected to weaken to 2011, highlighted by a decline in single family housing completions. The report “Plumbing Fixtures & Fittings” is available from Report Buyer at: http://www.reportbuyer.com/industry_manufacturing/constr ... Report Buyer product ID: FED00086 About Report Buyer. Report Buyer (http://www.reportbuyer.com/industry_manufacturing/constr ...) is the independent online store for global business information. The website now lists more than 100,000 company overviews, market research reports, industry studies and business books from over 290 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.


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