Faucet market share expands, new standards raise requirements for products
The latest research report of the Canadian market research company predicts that the size of the Chinese faucet market will double in the next five years, and the share of smart products will increase significantly. The report believes that China’s growing urban residents and business sectors will stimulate demand for faucets, and the total industry revenue will expand at a compound annual growth rate of 16% from 2013 to 2018. But it is undeniable that there are still many immature areas in the development of faucets.
Faucet market share continues to expand
China is currently the most populous country in the world, and the urban population is also increasing. According to data from the National Bureau of Statistics, China’s urban population exceeded the rural population in 2011, about 670 million. The eastern and northern regions of China are the main contributors to the faucet market. At the same time, benefiting from the booming industrial sector, the western and southern regions are also expected to show growth and their market share will continue to expand.
In addition, large-scale sports events such as the East Asian Games and the Youth Olympic Games will also stimulate the demand for taps in hotels and restaurants. The faucet market can also be subdivided into bathroom and kitchen faucets, and bathroom faucets will be the main force in market demand. With the continuous increase of Chinese per capita disposable income and the change of lifestyle, Chinese people are increasingly inclined to buy luxury products. Therefore, the market demand for faucets with advanced technology, such as faucets with sensors, thermostats, and remote controls, is expected to increase significantly.
Excess metal products are still circulating in the market
However, as far as the current situation is concerned, there are a large number of copper faucets with excessive metals in the domestic market. Xie Xin, secretary general of the Sanitary Ware Committee of the Furniture and Decoration Chamber of Commerce of the All-China Federation of Industry and Commerce, said, “As long as the taps made of copper alloy will contain lead, this is a fact.” According to Xie Xin’s analysis, the reason is that there are a large number of small and medium-sized Including workshop-type enterprises, these enterprises have many problems from copper raw materials, processing technology, lead washing technology to electroplating technology. The products produced by these companies in low-capacity production areas account for a certain percentage of the market.
The quality supervision department reminds consumers that when buying a faucet, first check whether the plating surface of the faucet is evenly glossy, and pay attention to whether there are any defects such as peeling, cracking, burning, bottoming, peeling, dark spots and obvious pitting. Secondly, the accuracy of the pipe thread is the guarantee for the reliable connection of the faucet and the hose or pipeline. When purchasing, visually check the thread surface for obvious defects such as dents and broken teeth. Pay special attention to the screwing of the pipe thread and the connector. The effective length will affect the reliability of the seal. Pay attention to the effective length and thread thickness of the pipe thread when purchasing. It is recommended to choose the thread with the wall thickness.
New faucet standards raise requirements for product terminals
It is reported that the new standard for faucets will be introduced soon. Once the new standard is implemented, the relevant threshold of the faucet industry will also push up. The above-mentioned people analyzed that although the new standard does not set requirements on production conditions and standards for manufacturers, it does place high requirements on product terminals. As a result, many manufacturers are forced to purchase high-priced inspection equipment and advanced equipment. Casting equipment is also a guarantee for consumers.