[297 Pages Report] The global moveable water tap market is anticipated to reach a valuation of US$ 1,300 Million in 2022. Demand is expected to take a turn for the better, attributable to a preference for using portable accessories which offer more convenience. Overall, sales of moveable water taps are projected to grow at a CAGR of 7.8% between 2022 and 2032, totaling around US$ 2,755.1 Million by the end of 2032.
| Data Points | Key Statistics |
|---|---|
| Moveable Water Tap Market Size (2022) | US$ 1,300 Million |
| Moveable Water Tap Market Revenue Forecast (2032) | US$ 2,755.1 Million |
| Moveable Water Tap Market Growth Rate (2022 to 2032) | 7.8% CAGR |
| North America Market Share | 29.4% |
According to Future Market Insights' most recent research, the movable water tap market is predicted to expand steadily over the forecast period. The burgeoning use of modernized kitchens and bathrooms is expected to boost demand for mobile kitchen and bathroom water taps.
The growing preference for the elegant design of kitchen and bathroom fixtures, as well as the configuration of multi-functional tools, is predicted to propel the faucets market.
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Customers' preference for an urban lifestyle has fueled market growth. Furthermore, the customer's improving lifestyle, shifting preferences, and widening disposable income have increased spending on luxury homes and remodeling.
This encourages manufacturers to produce elevated bathroom and kitchen apparel. This shift in lifestyle and urbanization will have a positive impact on the demand for mobile faucets.
Furthermore, many participants are investing in Research and Development (R&D) to deliver the best quality and appearance of tap to the customer. HASDING, for example, introduced a 360° rotatable anti-splash sink faucet with three modes. The high-performance tap extender makes it simple to modify the water outlet mode. Soft Stream Bubble, Shower Mode, and Shower Pulse are three modes that provide more options for conserving water. Such tap features entice customers to select such faucets that save water and promote sales in the water scarcity area.
The most technologically advanced generations are thought to be the youngest ones. Because these generations have witnessed several technological advancements, millennials expect firms to supply a greater choice of accessories. The younger generation is captivated by smart products. Millennials are the generation most interested in having smart technology in their bathroom and kitchen. The introduction of the sensor-based movable bathroom and kitchen tap, with an aim of water conservation and ensuring proper hygiene in the washing area, is happily accepted by the people of North America.
Furthermore, with the fast-changing lifestyle and urbanization, the possessions of houses are also growing in the United States and Canada, this factor has required the installation of the tap in the bathroom and kitchen. And people of the region know the benefits of the moveable taps like this type of taps save water, also cleaning is easy with these taps. Thus, the business of the moving tap is rising in the region. Moreover, the remodeling and repairing of house utility areas including bathrooms and kitchens have generated a fair demand for movable water faucets in the region. North America is accounting for a market share of 29.4% of the global moveable water tap market.
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Amid the COVID-19 outbreak, the moveable water tap market has faced extensive growth challenges, due to store closures across different regions of Europe. Besides this, the consumers’ shift from retail stores to online buying has opened new sales opportunities for online retailers in the market. While during the forecast period, the movable water faucet demand remains fragmented with the presence and entering of a large number of key players in the market in Europe.
Many key players in the market are providing unique looks, styles, and designs for faucets. Many pro players are also having skilled labor to manufacture and design products, which helps the player to strengthen their presence in European countries. Furthermore, many players supply their movable water taps through their distribution channels. Moreover, to maintain good relations with customers, players are providing advisory and technical services along with a warranty to their consumers. This helps the players to gain competitive advantages in the market in Europe.
Moreover, the changing lifestyle has a renovated kitchen as a place for family and friends to gather rather than a place for just cooking. This change is attributed to the increasing demand for sophisticated, elegant, and multifunctional kitchen taps. For instance, Franke Kitchen Systems introduce a tap equipped with the ability to swivel 360 degrees and switch between full and needle water spray. Europe is accounting for a market share of 23.4% of the global moveable water tap market in 2022.
Also, its 3-in-1 tap is manufactured to give cold, hot, and distilled water to provide all types of water for kitchen purposes. Such innovation gives the idea to other players to launch such type of tap to gain a competitive advantage in the market.
Commercial and Residential Segments that Likely to Augment Moveable Water Tap Sales
Significant expansion in commercial places including hospitals, restaurants, hotels, shopping complexes, railway stations, airports, and utility areas is expected to drive the market demand for movable water faucets during the forecast period. For instance, Delta Faucet Company offers innovative commercial taps for various sectors.
The ShieldSpray® Technology of the company cleans like laser precision while containing splatter ad mess. A pressurized jet present in the protective sphere powers away the stubborn messes with almost 90% less splatter than a traditional spray so people can spend minimum time soaking, shirt swapping, and scrubbing.
Furthermore, in the residential sector, the market for the moveable tap is growing because people depend on premium bathroom and kitchen accessories that complement the interiors as well as survey the purpose. Also, the sales of water taps are increased with the increasing number of households.
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Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Some of the leading moveable water tap manufacturers include Franke Home Solutions, Kohler Co., Gerber Plumbing Fixtures LLC, DELTA FAUCET COMPANY, Meon Incorporated, Quooker Hong Kong Ltd, GROHE, LIXIL Corporation, and many others.
These key moveable water tap providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global moveable water tap market. For instance,
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.8% from 2022 to 2032 |
| Market Value in 2022 | US$ 1,300 Million |
| Market Value in 2032 | US$ 2,755.1 Million |
| Base Year for Estimates | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Report Customization & Pricing | Available upon Request |
The global moveable water tap market reached US$ 1,300 Million in 2022
As per FMI, the moveable water tap industry is expected to grow at a CAGR of 7.8% from 2022 to 2032
The global sales of Moveable Water Taps are anticipated to total a valuation of US$ 2,755.1 Million by 2032
North America will continue to remain the most lucrative market for moveable water taps, accounting for a share of 29.4%
1. Executive Summary | Moveable Water Tap Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ million) & Volume (Units) Analysis, 2016 to 2021 4.2. Current and Future Market Size Value (US$ million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By End-User 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By End-User, 2016 to 2021 5.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By End-User, 2022 to 2032 5.3.1. Residential 5.3.2. Commercial 5.4. Y-o-Y Growth Trend Analysis By End-User, 2016 to 2021 5.5. Absolute $ Opportunity Analysis By End-User, 2022 to 2032 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Material 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Material, 2016 to 2021 6.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Material, 2022 to 2032 6.3.1. PVC 6.3.2. Plastic 6.3.3. Brass 6.3.4. Stainless steel 6.3.5. Other 6.4. Y-o-Y Growth Trend Analysis By Material, 2016 to 2021 6.5. Absolute $ Opportunity Analysis By Material, 2022 to 2032 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Application, 2016 to 2021 7.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032 7.3.1. Kitchen 7.3.2. Bathroom 7.3.3. Other 7.4. Y-o-Y Growth Trend Analysis By Application, 2016 to 2021 7.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Distribution Channels 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Distribution Channels, 2016 to 2021 8.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Distribution Channels, 2022 to 2032 8.3.1. Direct Sales 8.3.2. Hypermarkets/ Supermarkets 8.3.3. Specialty Stores 8.3.4. Online retailing 8.3.5. Others 8.4. Y-o-Y Growth Trend Analysis By Distribution Channels, 2016 to 2021 8.5. Absolute $ Opportunity Analysis By Distribution Channels, 2022 to 2032 9. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Region, 2016 to 2021 9.3. Current Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. Middle East and Africa (MEA) 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2016 to 2021 10.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. The USA 10.2.1.2. Canada 10.2.2. By End-User 10.2.3. By Material 10.2.4. By Application 10.2.5. By Distribution Channels 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By End-User 10.3.3. By Material 10.3.4. By Application 10.3.5. By Distribution Channels 10.4. Key Takeaways 11. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2016 to 2021 11.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By End-User 11.2.3. By Material 11.2.4. By Application 11.2.5. By Distribution Channels 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By End-User 11.3.3. By Material 11.3.4. By Application 11.3.5. By Distribution Channels 11.4. Key Takeaways 12. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2016 to 2021 12.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. The United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By End-User 12.2.3. By Material 12.2.4. By Application 12.2.5. By Distribution Channels 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By End-User 12.3.3. By Material 12.3.4. By Application 12.3.5. By Distribution Channels 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2016 to 2021 13.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Singapore 13.2.1.5. Thailand 13.2.1.6. Indonesia 13.2.1.7. Australia 13.2.1.8. New Zealand 13.2.1.9. Rest of Asia Pacific 13.2.2. By End-User 13.2.3. By Material 13.2.4. By Application 13.2.5. By Distribution Channels 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By End-User 13.3.3. By Material 13.3.4. By Application 13.3.5. By Distribution Channels 13.4. Key Takeaways 14. MEA Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2016 to 2021 14.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By End-User 14.2.3. By Material 14.2.4. By Application 14.2.5. By Distribution Channels 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By End-User 14.3.3. By Material 14.3.4. By Application 14.3.5. By Distribution Channels 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. The USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By End-User 15.1.2.2. By Material 15.1.2.3. By Application 15.1.2.4. By Distribution Channels 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By End-User 15.2.2.2. By Material 15.2.2.3. By Application 15.2.2.4. By Distribution Channels 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By End-User 15.3.2.2. By Material 15.3.2.3. By Application 15.3.2.4. By Distribution Channels 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By End-User 15.4.2.2. By Material 15.4.2.3. By Application 15.4.2.4. By Distribution Channels 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By End-User 15.5.2.2. By Material 15.5.2.3. By Application 15.5.2.4. By Distribution Channels 15.6. The United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By End-User 15.6.2.2. By Material 15.6.2.3. By Application 15.6.2.4. By Distribution Channels 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By End-User 15.7.2.2. By Material 15.7.2.3. By Application 15.7.2.4. By Distribution Channels 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By End-User 15.8.2.2. By Material 15.8.2.3. By Application 15.8.2.4. By Distribution Channels 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By End-User 15.9.2.2. By Material 15.9.2.3. By Application 15.9.2.4. By Distribution Channels 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By End-User 15.10.2.2. By Material 15.10.2.3. By Application 15.10.2.4. By Distribution Channels 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By End-User 15.11.2.2. By Material 15.11.2.3. By Application 15.11.2.4. By Distribution Channels 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By End-User 15.12.2.2. By Material 15.12.2.3. By Application 15.12.2.4. By Distribution Channels 15.13. Singapore 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By End-User 15.13.2.2. By Material 15.13.2.3. By Application 15.13.2.4. By Distribution Channels 15.14. Thailand 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By End-User 15.14.2.2. By Material 15.14.2.3. By Application 15.14.2.4. By Distribution Channels 15.15. Indonesia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By End-User 15.15.2.2. By Material 15.15.2.3. By Application 15.15.2.4. By Distribution Channels 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By End-User 15.16.2.2. By Material 15.16.2.3. By Application 15.16.2.4. By Distribution Channels 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By End-User 15.17.2.2. By Material 15.17.2.3. By Application 15.17.2.4. By Distribution Channels 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By End-User 15.18.2.2. By Material 15.18.2.3. By Application 15.18.2.4. By Distribution Channels 15.19. South Africa 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By End-User 15.19.2.2. By Material 15.19.2.3. By Application 15.19.2.4. By Distribution Channels 15.20. Israel 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By End-User 15.20.2.2. By Material 15.20.2.3. By Application 15.20.2.4. By Distribution Channels 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By End-User 16.3.3. By Material 16.3.4. By Application 16.3.5. By Distribution Channels 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Franke Home Solutions 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Kohler Co. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Gerber Plumbing Fixtures LLC 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. DELTA FAUCET COMPANY 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Meon Incorporated 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Quooker Hong Kong Ltd 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. GROHE 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. LIXIL Corporation 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Gokul Poly Valves PVT. LTD. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Waterman 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Moveable Water Tap Market
