Kitchen Sinks Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Kitchen Sinks Market Growth and Trends
The global kitchen sinks market currently holds a market value of US$ 3.1 billion in 2020 and is expected to grow at a CAGR of 4% to an estimated market value of US$ 5.0 billion by 2030. The increasing urbanization is the major driving factor behind the growth of the kitchen sink market.
The increasing globalization has resulted in emerging economies with higher disposable incomes. The growing preference for functional architecture in urban households has significantly propelled the market growth for kitchen sinks. The rising population has driven the need for more household construction globally. It has been estimated that the World needs to construct 2 billion more new houses by the coming 80 years to house the escalating population. The growing awareness among end-users for a well-equipped kitchen facility has fueled the demand for kitchen sinks. The booming demand for modular kitchen among the increasing urban population has positively impacted the growth curve of the kitchen sinks market growth.
The shifting preference towards more sophistication, attraction, and comfort has bolstered the market growth. The advanced kitchen sinks fitted with features such as soap/detergent dispenser and waste collector systems are gaining major traction among end-users, thus boosting the sales of the kitchen sinks. The introduction of the motion sensor and touchless kitchen sinks has gained the approval of the environmentalist’s community on the basis of saving water from being wasted. The additional advantages the touchless sinks provide by saving time and providing sophistication has promoted the market growth for the kitchen sinks sector. The integration of the Internet of Things in smart homes has resulted in the development and sales of smart kitchen sinks globally.
The hotel and restaurant industry also adds a significant amount of market share to the kitchen sinks market. The growing pharmaceutical, biotechnological, manufacturing, research, and academic sectors are also contributing a vital share to the kitchen sinks market.
The single bowl segment has dominated the market share owing to the increase in nuclear families. The double bowl segment closely follows owing to the restaurants and corporate offices utilizing them. The metallic made kitchen sinks accounts for about 52.4% of the market share in 2018. The stainless steel types of metallic sinks are most preferred and contribute to the market share. The granite sinks are also getting popular among the upper class society on the basis of the luxurious and aesthetically pleasing exterior.
Kitchen Sinks Industry Regional Analysis
Kitchen Sinks Market Research Report Scope/Definition
Kitchen Sinks Market Share and Competition Key companies operating in this industry are: Ruvati USA; Kohler; Zuhne; Frigidaire; Swanstone; Acrysil; AGA; Duravit; Dombracht Kitchen; Roca
Kitchen Sinks Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Material Analysis (Revenue, USD Million, 2021 - 2028)
Process Analysis (Revenue, USD Million, 2021 - 2028)
• Single Bowl
• Double Bowl
• Multi Bowl
Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Kitchen Sinks Industry Companies
• Ruvati USA;
• Dombracht Kitchen;
Available Versions of Kitchen Sinks Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report