The global faucet market is expected to grow at a CAGR of around 7.7% during 2024-2033. This report on the global faucet market report provides a holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global faucet market by segmenting the market based on type, application, technology, material, end user, distribution channel, and region. Also, detailed profiles of companies operating in the faucet market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decisions.
Market Drivers
The faucet market is propelled by multiple factors. The incorporation of technology into faucets, including features like touchless or motion sensors, water-saving technologies, and smart connectivity, stands as a notable driving force. Consumers are attracted to faucets that provide convenience, efficiency, and cutting-edge features. The desire for stylish and visually appealing faucets is fuelling advancements in design. Homeowners and designers are progressively seeking faucets that not only fulfil their practical needs but also enhance the overall aesthetics of kitchens and bathrooms.
Market Restraints
The faucet market faces several challenges. The costs of raw materials, including metals and plastics utilized in the manufacturing of faucets, can experience fluctuations. These variations in material expenses have the potential to affect the profitability of faucet manufacturers, potentially resulting in heightened prices for consumers. Additionally, faucets incorporating advanced features like smart connectivity or touchless operation might entail elevated initial expenses. Consumer reluctance to embrace these innovations due to perceived high costs can influence the market for technologically advanced faucets.
Market Opportunities
The global faucet market offers vast opportunities driven by factors such as technological advancements, emerging economies, and changing demographics. The incorporation of smart technologies, including IoT (Internet of Things) connectivity and voice-activated controls, represents a substantial opportunity. As consumer interest in home automation rises, smart faucets providing convenience and energy efficiency can particularly appeal to those inclined towards technology. Concurrently, amid an increasing focus on water conservation, there is a chance for faucet manufacturers to create and promote water-efficient designs. Features such as low-flow faucets, aerators, and other water-saving technologies have the potential to attract environmentally conscious consumers while aligning with water regulations.
Recent Industry Development
- In Dec 2023, Kohler launches Terminal 01 installation at Design Miami 2023. The faucets have sharp angles, designed to create a streamlined flow of water throughout the space, and were mounted on an escutcheon plate crafted from cast iron.
- In Aug 2023, Kohler unveiled its 3rd Kohler Experience Center in Bengaluru of 10,000 sq. ft.
- In Jul 2023, BLANCO, unveiled the new CATRIS Flexo Filter faucet. Expanding its faucet portfolio.
- In Mar 2022, BLANCO introduced two new metal faucet finishes bold Matte Black and luxurious Satin Gold.
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Report’s Unit: US$
Global Faucet Market Segmentation
Market by Type
- One Hand Mixer
- Two Hand Mixer
- Others
Market by Application
- Bathroom
- Kitchen
- Others
Market by Technology
- Cartridge
- Compression
- Ceramic Disc
- Ball
Market by Material
- Metals
- Plastics
Market by End User
- Commercial
- Residential
- Industrial
Market by Distribution Channel
- Offline
- Online
Market by Region
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa
List of Mentioned Companies
- American Standard Brands (Lixil Group)
- Colston Bath
- Delta Faucet Company (Masco Corporation)
- Franke Holding AG (Artemis Holding AG)
- Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
- Grohe America Inc.
- Jaquar
- Kohler Co.
- Moen Incorporated (Fortune Brands Home & Security Inc.)
- Toto Ltd.
- Villeroy & Boch Aktiengesellschaft.
Report Coverage
| Report Feature | Details |
| Base Year | 2023 |
| Historical Period | 2019-2022 |
| Forecast Period | 2024-2033 |
| Units | US$ Million |
| Segments Covered | Type, Application, Technology, Material, End User, Distribution Channel, Region |
| Region Covered | Europe, North America, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | American Standard Brands (Lixil Group), Colston Bath, Delta Faucet Company (Masco Corporation), Franke Holding AG (Artemis Holding AG), Gerber Plumbing Fixtures LLC (Globe Union Group Inc.), Grohe America Inc., Jaquar, Kohler Co., Moen Incorporated (Fortune Brands Home & Security Inc.), Toto Ltd. , Villeroy & Boch Aktiengesellschaft. |
| Purchase Options | Single User License: US$ 2,999 Five User License: US$ 3,499 Corporate License: US$ 4,499 |
Research Methodology
During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.
Post-secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide an accurate market scenario in our report.
Key Questions Answered in the Report
- What will be the global faucet market size and the growth rate in the coming year?
- What are the main key factors driving the market?
- What are the key market trends impacting the growth of the market?
- What are the market opportunities and threats in the market?
- What industrial trends, drivers and challenges are manipulating its growth?
- Which are trending factors influencing the market shares of the top regions across the globe?
- Who are the key market players in the industry?
- What is the impact of Covid19 on the current industry?
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Global Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Global Faucet Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Global Faucet Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Faucet Market by Type (US$ Million, 2019-2033)
5.1. Introduction
5.2. One Hand Mixer
5.3. Two Hand Mixer
5.4. Others
5.5. Key Segment Investment Opportunity
6. Global Faucet Market by Application (US$ Million, 2019-2033)
6.1. Introduction
6.2. Bathroom
6.3. Kitchen
6.4. Others
6.5. Key Segment Investment Opportunity
7. Global Faucet Market by Technology (US$ Million, 2019-2033)
7.1. Introduction
7.2. Cartridge
7.3. Compression
7.4. Ceramic Disc
7.5. Ball
7.6. Key Segment Investment Opportunity
8. Global Faucet Market by Material (US$ Million, 2019-2033)
8.1. Introduction
8.2. Metals
8.3. Plastics
8.4. Key Segment Investment Opportunity
9. Global Faucet Market by End User (US$ Million, 2019-2033)
9.1. Introduction
9.2. Commercial
9.3. Residential
9.4. Industrial
9.5. Key Segment Investment Opportunity
10. Global Faucet Market by Distribution Channel (US$ Million, 2019-2033)
10.1. Introduction
10.2. Offline
10.3. Online
10.4. Key Segment Investment Opportunity
11. Global Faucet Market by Region (US$ Million, 2019-2033)
11.1. Introduction
11.2. Europe
11.3. North America
11.4. Asia Pacific
11.5. Latin America
11.6. Middle East & Africa
11.7. Key Segment Investment Opportunity
12. Europe Faucet Market (US$ Million, 2019-2033)
12.1. Introduction
12.2. Key Drivers and Takeaways
12.3. Europe Market Breakup by Type
12.4. Europe Market Breakup by Application
12.5. Europe Market Breakup by Technology
12.6. Europe Market Breakup by Material
12.7. Europe Market Breakup by End User
12.8. Europe Market Breakup by Distribution Channel
12.9. Europe Market Breakup by Country
12.9.1. Germany
12.9.2. United Kingdom
12.9.3. France
12.9.4. Italy
12.9.5. Spain
12.9.6. Russia
12.9.7. Netherlands
12.9.8. Sweden
12.9.9. Poland
12.9.10. Rest of Europe
13. North America Faucet Market (US$ Million, 2019-2033)
13.1. Introduction
13.2. Key Drivers and Takeaways
13.3. North America Market Breakup by Type
13.4. North America Market Breakup by Application
13.5. North America Market Breakup by Technology
13.6. North America Market Breakup by Material
13.7. North America Market Breakup by End User
13.8. North America Market Breakup by Distribution Channel
13.9. North America Market Breakup by Country
13.9.1. United States
13.9.2. Canada
14. Asia Pacific Faucet Market (US$ Million, 2019-2033)
14.1. Introduction
14.2. Key Drivers and Takeaways
14.3. Asia Pacific Market Breakup by Type
14.4. Asia Pacific Market Breakup by Application
14.5. Asia Pacific Market Breakup by Technology
14.6. Asia Pacific Market Breakup by Material
14.7. Asia Pacific Market Breakup by End User
14.8. Asia Pacific Market Breakup by Distribution Channel
14.9. Asia Pacific Market Breakup by Country
14.9.1. China
14.9.2. Japan
14.9.3. India
14.9.4. South Korea
14.9.5. Australia
14.9.6. ASEAN
14.9.7. Rest of Asia Pacific
15. Latin America Faucet Market (US$ Million, 2019-2033)
15.1. Introduction
15.2. Key Drivers and Takeaways
15.3. Latin America Market Breakup by Type
15.4. Latin America Market Breakup by Application
15.5. Latin America Market Breakup by Technology
15.6. Latin America Market Breakup by Material
15.7. Latin America Market Breakup by End User
15.8. Latin America Market Breakup by Distribution Channel
15.9. Latin America Market Breakup by Country
15.9.1. Mexico
15.9.2. Brazil
15.9.3. Argentina
15.9.4. Chile
15.9.5. Rest of Latin America
16. Middle East and Africa Faucet Market (US$ Million, 2019-2033)
16.1. Introduction
16.2. Key Drivers and Takeaways
16.3. Middle East and Africa Market Breakup by Type
16.4. Middle East and Africa Market Breakup by Application
16.5. Middle East and Africa Market Breakup by Technology
16.6. Middle East and Africa Market Breakup by Material
16.7. Middle East and Africa Market Breakup by End User
16.8. Middle East and Africa Market Breakup by Distribution Channel
16.9. Middle East and Africa Market Breakup by Country
16.9.1. Saudi Arabia
16.9.2. Turkey
16.9.3. Iran
16.9.4. United Arab Emirates
16.9.5. Rest of Middle East & Africa
17. Competitive Landscape
17.1. Competitive Dashboard
17.2. Key Industry Strategies Analysis
17.3. Recent Developments
17.4. Market Scenario
18. Company Profiles
18.1. American Standard Brands (Lixil Group)
18.2. Colston Bath
18.3. Delta Faucet Company (Masco Corporation)
18.4. Franke Holding AG (Artemis Holding AG)
18.5. Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
18.6. Grohe America Inc.
18.7. Jaquar
18.8. Kohler Co.
18.9. Moen Incorporated (Fortune Brands Home & Security Inc.)
18.10. Toto Ltd.
18.11. Villeroy & Boch Aktiengesellschaft
- Description
-
The global faucet market is expected to grow at a CAGR of around 7.7% during 2024-2033. This report on the global faucet market report provides a holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global faucet market by segmenting the market based on type, application, technology, material, end user, distribution channel, and region. Also, detailed profiles of companies operating in the faucet market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decisions.
Market Drivers
The faucet market is propelled by multiple factors. The incorporation of technology into faucets, including features like touchless or motion sensors, water-saving technologies, and smart connectivity, stands as a notable driving force. Consumers are attracted to faucets that provide convenience, efficiency, and cutting-edge features. The desire for stylish and visually appealing faucets is fuelling advancements in design. Homeowners and designers are progressively seeking faucets that not only fulfil their practical needs but also enhance the overall aesthetics of kitchens and bathrooms.
Market Restraints
The faucet market faces several challenges. The costs of raw materials, including metals and plastics utilized in the manufacturing of faucets, can experience fluctuations. These variations in material expenses have the potential to affect the profitability of faucet manufacturers, potentially resulting in heightened prices for consumers. Additionally, faucets incorporating advanced features like smart connectivity or touchless operation might entail elevated initial expenses. Consumer reluctance to embrace these innovations due to perceived high costs can influence the market for technologically advanced faucets.
Market Opportunities
The global faucet market offers vast opportunities driven by factors such as technological advancements, emerging economies, and changing demographics. The incorporation of smart technologies, including IoT (Internet of Things) connectivity and voice-activated controls, represents a substantial opportunity. As consumer interest in home automation rises, smart faucets providing convenience and energy efficiency can particularly appeal to those inclined towards technology. Concurrently, amid an increasing focus on water conservation, there is a chance for faucet manufacturers to create and promote water-efficient designs. Features such as low-flow faucets, aerators, and other water-saving technologies have the potential to attract environmentally conscious consumers while aligning with water regulations.
Recent Industry Development
- In Dec 2023, Kohler launches Terminal 01 installation at Design Miami 2023. The faucets have sharp angles, designed to create a streamlined flow of water throughout the space, and were mounted on an escutcheon plate crafted from cast iron.
- In Aug 2023, Kohler unveiled its 3rd Kohler Experience Center in Bengaluru of 10,000 sq. ft.
- In Jul 2023, BLANCO, unveiled the new CATRIS Flexo Filter faucet. Expanding its faucet portfolio.
- In Mar 2022, BLANCO introduced two new metal faucet finishes bold Matte Black and luxurious Satin Gold.
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Report’s Unit: US$
Global Faucet Market Segmentation
Market by Type
- One Hand Mixer
- Two Hand Mixer
- Others
Market by Application
- Bathroom
- Kitchen
- Others
Market by Technology
- Cartridge
- Compression
- Ceramic Disc
- Ball
Market by Material
- Metals
- Plastics
Market by End User
- Commercial
- Residential
- Industrial
Market by Distribution Channel
- Offline
- Online
Market by Region
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa
List of Mentioned Companies
- American Standard Brands (Lixil Group)
- Colston Bath
- Delta Faucet Company (Masco Corporation)
- Franke Holding AG (Artemis Holding AG)
- Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
- Grohe America Inc.
- Jaquar
- Kohler Co.
- Moen Incorporated (Fortune Brands Home & Security Inc.)
- Toto Ltd.
- Villeroy & Boch Aktiengesellschaft.
Report Coverage
Report Feature Details Base Year 2023 Historical Period 2019-2022 Forecast Period 2024-2033 Units US$ Million Segments Covered Type, Application, Technology, Material, End User, Distribution Channel, Region Region Covered Europe, North America, Asia Pacific, Latin America, Middle East and Africa Companies Covered American Standard Brands (Lixil Group), Colston Bath, Delta Faucet Company (Masco Corporation), Franke Holding AG (Artemis Holding AG), Gerber Plumbing Fixtures LLC (Globe Union Group Inc.), Grohe America Inc., Jaquar, Kohler Co., Moen Incorporated (Fortune Brands Home & Security Inc.), Toto Ltd. , Villeroy & Boch Aktiengesellschaft. Purchase Options Single User License: US$ 2,999
Five User License: US$ 3,499
Corporate License: US$ 4,499Research Methodology
During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.
Post-secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide an accurate market scenario in our report.
Key Questions Answered in the Report
- What will be the global faucet market size and the growth rate in the coming year?
- What are the main key factors driving the market?
- What are the key market trends impacting the growth of the market?
- What are the market opportunities and threats in the market?
- What industrial trends, drivers and challenges are manipulating its growth?
- Which are trending factors influencing the market shares of the top regions across the globe?
- Who are the key market players in the industry?
- What is the impact of Covid19 on the current industry?
- Table of Contents
-
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Global Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Global Faucet Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Global Faucet Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Faucet Market by Type (US$ Million, 2019-2033)
5.1. Introduction
5.2. One Hand Mixer
5.3. Two Hand Mixer
5.4. Others
5.5. Key Segment Investment Opportunity
6. Global Faucet Market by Application (US$ Million, 2019-2033)
6.1. Introduction
6.2. Bathroom
6.3. Kitchen
6.4. Others
6.5. Key Segment Investment Opportunity
7. Global Faucet Market by Technology (US$ Million, 2019-2033)
7.1. Introduction
7.2. Cartridge
7.3. Compression
7.4. Ceramic Disc
7.5. Ball
7.6. Key Segment Investment Opportunity
8. Global Faucet Market by Material (US$ Million, 2019-2033)
8.1. Introduction
8.2. Metals
8.3. Plastics
8.4. Key Segment Investment Opportunity
9. Global Faucet Market by End User (US$ Million, 2019-2033)
9.1. Introduction
9.2. Commercial
9.3. Residential
9.4. Industrial
9.5. Key Segment Investment Opportunity
10. Global Faucet Market by Distribution Channel (US$ Million, 2019-2033)
10.1. Introduction
10.2. Offline
10.3. Online
10.4. Key Segment Investment Opportunity
11. Global Faucet Market by Region (US$ Million, 2019-2033)
11.1. Introduction
11.2. Europe
11.3. North America
11.4. Asia Pacific
11.5. Latin America
11.6. Middle East & Africa
11.7. Key Segment Investment Opportunity
12. Europe Faucet Market (US$ Million, 2019-2033)
12.1. Introduction
12.2. Key Drivers and Takeaways
12.3. Europe Market Breakup by Type
12.4. Europe Market Breakup by Application
12.5. Europe Market Breakup by Technology
12.6. Europe Market Breakup by Material
12.7. Europe Market Breakup by End User
12.8. Europe Market Breakup by Distribution Channel
12.9. Europe Market Breakup by Country
12.9.1. Germany
12.9.2. United Kingdom
12.9.3. France
12.9.4. Italy
12.9.5. Spain
12.9.6. Russia
12.9.7. Netherlands
12.9.8. Sweden
12.9.9. Poland
12.9.10. Rest of Europe
13. North America Faucet Market (US$ Million, 2019-2033)
13.1. Introduction
13.2. Key Drivers and Takeaways
13.3. North America Market Breakup by Type
13.4. North America Market Breakup by Application
13.5. North America Market Breakup by Technology
13.6. North America Market Breakup by Material
13.7. North America Market Breakup by End User
13.8. North America Market Breakup by Distribution Channel
13.9. North America Market Breakup by Country
13.9.1. United States
13.9.2. Canada
14. Asia Pacific Faucet Market (US$ Million, 2019-2033)
14.1. Introduction
14.2. Key Drivers and Takeaways
14.3. Asia Pacific Market Breakup by Type
14.4. Asia Pacific Market Breakup by Application
14.5. Asia Pacific Market Breakup by Technology
14.6. Asia Pacific Market Breakup by Material
14.7. Asia Pacific Market Breakup by End User
14.8. Asia Pacific Market Breakup by Distribution Channel
14.9. Asia Pacific Market Breakup by Country
14.9.1. China
14.9.2. Japan
14.9.3. India
14.9.4. South Korea
14.9.5. Australia
14.9.6. ASEAN
14.9.7. Rest of Asia Pacific
15. Latin America Faucet Market (US$ Million, 2019-2033)
15.1. Introduction
15.2. Key Drivers and Takeaways
15.3. Latin America Market Breakup by Type
15.4. Latin America Market Breakup by Application
15.5. Latin America Market Breakup by Technology
15.6. Latin America Market Breakup by Material
15.7. Latin America Market Breakup by End User
15.8. Latin America Market Breakup by Distribution Channel
15.9. Latin America Market Breakup by Country
15.9.1. Mexico
15.9.2. Brazil
15.9.3. Argentina
15.9.4. Chile
15.9.5. Rest of Latin America
16. Middle East and Africa Faucet Market (US$ Million, 2019-2033)
16.1. Introduction
16.2. Key Drivers and Takeaways
16.3. Middle East and Africa Market Breakup by Type
16.4. Middle East and Africa Market Breakup by Application
16.5. Middle East and Africa Market Breakup by Technology
16.6. Middle East and Africa Market Breakup by Material
16.7. Middle East and Africa Market Breakup by End User
16.8. Middle East and Africa Market Breakup by Distribution Channel
16.9. Middle East and Africa Market Breakup by Country
16.9.1. Saudi Arabia
16.9.2. Turkey
16.9.3. Iran
16.9.4. United Arab Emirates
16.9.5. Rest of Middle East & Africa
17. Competitive Landscape
17.1. Competitive Dashboard
17.2. Key Industry Strategies Analysis
17.3. Recent Developments
17.4. Market Scenario
18. Company Profiles
18.1. American Standard Brands (Lixil Group)
18.2. Colston Bath
18.3. Delta Faucet Company (Masco Corporation)
18.4. Franke Holding AG (Artemis Holding AG)
18.5. Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
18.6. Grohe America Inc.
18.7. Jaquar
18.8. Kohler Co.
18.9. Moen Incorporated (Fortune Brands Home & Security Inc.)
18.10. Toto Ltd.
18.11. Villeroy & Boch Aktiengesellschaft