U.S. Market for Kitchen and Bath Fittings and Fixtures to Top $16 Billion by 2010!

New York, June 22, 2007 — Following a slight downturn in 2002, the market for kitchen and bath fittings and fixtures has maintained a steady 5% growth rate which should continue well into the next decade as the U.S. supply value is projected to surpass $16 billion by 2010, according to Kitchen and Bath Fixtures and Fittings in the U.S., a report from market research publisher SBI, a division of MarketResearch.com.

Imports, in particular, have shown impressive growth from 2001 to 2005 surpassing $2.6 billion with a compound annual growth rate of nearly 17%. SBI expects imports to continue playing a dominant role in the market’s growth, reaching $4 billion by 2010.

Residential remodeling expenditures for both improvement and maintenance are at the center of the steady increase in market demand for everything from high tech bath fixtures including steam generators, deep soaking overflow tubs, and chromatherapy color washes to kid-friendly single-handled faucets and Scrub-a-Dubs sinks. SBI anticipates the market will continue to see annual increases in value due in part to continued growth in the home reconstruction and remodeling sectors.

While focusing on the market for fixtures and fittings, the report weighs in heavily on the consumer, commercial and regulatory trends that are contributing to the revitalization of the market.

“The size of bathrooms and kitchens are getting bigger, with bathrooms being seen as luxurious retreats,” notes Tatjana Meerman, Managing Editor of SBI. “Walk-in bathtubs are becoming fashionable for older adults; LED fixtures and automatic/touchless fixtures are becoming more standard; and water-saving technologies, such as high-efficiency toilets and faucet aerators, are playing into consumers’ eco consciousness, all helping to drive sales in this industry.”

Containing comprehensive data on U.S. shipments, imports and exports, end-use markets, purchaser demographics, and the competitive environment, Kitchen and Bath Fixtures and Fittings in the U.S. identifies key issues, regulations and trends affecting the marketplace, and profiles major marketers along with manufacturer and retailer strategies. It is available from SBI by visiting: http://www.sbireports.com/Kitchen-Bath-Fixtures-1281503. It is also available at MarketResearch.com.

About SBI
SBI, a division of MarketResearch.com, publishes research reports in the industrial, construction, materials, and consumer goods markets. For more information visit http://www.sbireports.com, or contact Tom Ehart at 240-747-3014, or tehart@marketresearch.com.