The global kitchen sinks market was valued at $3.27 billion in 2021, and is projected to reach $4.90 billion by 2031, registering a CAGR of 4.3% from 2022 to 2031.
The rise in the number of restaurants and cafes, increase in disposable income of the consumers, the surge in the number of households, and increase in consumer expenditure on modular kitchens and home décor products are the various factors expected to boost the growth of the global kitchen sinks market during the forecast period. The number of people who prefer to cook at home owing to health, hygiene, and other issues are the major drivers of the kitchen sinks market growth.
The availability of kitchen sinks in a variety of designs, shapes, sizes, price ranges, and materials have led to the rapid growth of the kitchen sinks market in the past decade. The manufacturers are engaged in the development of advanced and innovative kitchen sinks to offer different sinks that make home more appealing and comfortable for the users.
The rise in consumer expenditure in renovating their old kitchens and installing modern kitchen fixtures is significantly driving the demand for kitchen sinks across the globe. Moreover, surge in investments in the urbanization and rise in penetration of restaurants and other food service units in developed and developing nations is anticipated to boost the growth of the kitchen sinks market in the foreseeable future.
Developing economies such as India, China, Brazil, Saudi Arabia, and South Africa are presenting lucrative growth opportunities to the manufacturers of kitchen sinks. Rapid industrialization, rapid urbanization, rise in personal disposable income of the consumers, surge in expenditure on home improvement, rise in penetration of HoReCa (hotels, restaurants, and cafes), and improvement in the standard of living in these developing nations is expected to be the huge driving force of the kitchen sinks market during the forecast period. However, the rising and fluctuating prices of raw materials like steel may hamper the market growth in the upcoming future.
According to the kitchen sinks market analysis, the market is categorized on the basis of material, installation, bowl, end user, and region. Depending on the material, it is segmented into metal and non-metal. The metal segment is further divided into stainless steel, copper, and others. The non-metal segment is further categorized into granite, fireclay, quartz, and others.
Based on the installation, the market is bifurcated into drop-in/top mount, undermount, farmhouse/apron-front, and others. Based on the bowl, the market is segmented into single, double, and multiple. Depending on the end user, the market is categorized into residential and commercial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Dornbracht, Duravit AG, Kohler Co., Ruvati, BLANCO America, Inc., Crown Products Limited, Elkay Manufacturing Company, Franke Management AG, Huida Sanitary Ware Co. Ltd., Julien Inc., Delta Faucet Company, Roca Sanitario, S.A., House of Rohl, ACRYSIL Ltd., and Oliveri Solutions. These market players are constantly engaged in various developmental strategies such as acquisitions, mergers, product launches, and partnerships to gain competitive edge and exploit the prevailing kitchen sinks market opportunities.
The rise in the number of restaurants and cafes, increase in disposable income of the consumers, the surge in the number of households, and increase in consumer expenditure on modular kitchens and home décor products are the various factors expected to boost the growth of the global kitchen sinks market during the forecast period. The number of people who prefer to cook at home owing to health, hygiene, and other issues are the major drivers of the kitchen sinks market growth.
The availability of kitchen sinks in a variety of designs, shapes, sizes, price ranges, and materials have led to the rapid growth of the kitchen sinks market in the past decade. The manufacturers are engaged in the development of advanced and innovative kitchen sinks to offer different sinks that make home more appealing and comfortable for the users.
The rise in consumer expenditure in renovating their old kitchens and installing modern kitchen fixtures is significantly driving the demand for kitchen sinks across the globe. Moreover, surge in investments in the urbanization and rise in penetration of restaurants and other food service units in developed and developing nations is anticipated to boost the growth of the kitchen sinks market in the foreseeable future.
Developing economies such as India, China, Brazil, Saudi Arabia, and South Africa are presenting lucrative growth opportunities to the manufacturers of kitchen sinks. Rapid industrialization, rapid urbanization, rise in personal disposable income of the consumers, surge in expenditure on home improvement, rise in penetration of HoReCa (hotels, restaurants, and cafes), and improvement in the standard of living in these developing nations is expected to be the huge driving force of the kitchen sinks market during the forecast period. However, the rising and fluctuating prices of raw materials like steel may hamper the market growth in the upcoming future.
According to the kitchen sinks market analysis, the market is categorized on the basis of material, installation, bowl, end user, and region. Depending on the material, it is segmented into metal and non-metal. The metal segment is further divided into stainless steel, copper, and others. The non-metal segment is further categorized into granite, fireclay, quartz, and others.
Based on the installation, the market is bifurcated into drop-in/top mount, undermount, farmhouse/apron-front, and others. Based on the bowl, the market is segmented into single, double, and multiple. Depending on the end user, the market is categorized into residential and commercial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Dornbracht, Duravit AG, Kohler Co., Ruvati, BLANCO America, Inc., Crown Products Limited, Elkay Manufacturing Company, Franke Management AG, Huida Sanitary Ware Co. Ltd., Julien Inc., Delta Faucet Company, Roca Sanitario, S.A., House of Rohl, ACRYSIL Ltd., and Oliveri Solutions. These market players are constantly engaged in various developmental strategies such as acquisitions, mergers, product launches, and partnerships to gain competitive edge and exploit the prevailing kitchen sinks market opportunities.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the kitchen sinks market analysis from 2021 to 2031 to identify the prevailing kitchen sinks market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the kitchen sinks market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global kitchen sinks market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Material
- Metal
- Non-metal
By Installation
- Drop-in or Top Mount
- Undermount
- Farmhouse or Apron-Front
- Others
By Bowl
- Single
- Double
- Multiple
By End User
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Delta Faucet Company
- Huida Sanitary Ware Co., Ltd
- JULIEN INC.
- Duravit AG
- Elkay Manufacturing Company
- ROCA SANITARIO, S.A.
- S.A, ACRYSIL Ltd
- House of Rohl, LLC
- Kohler Co.
- Franke Management AG.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: KITCHEN SINKS MARKET, BY MATERIAL
CHAPTER 5: KITCHEN SINKS MARKET, BY INSTALLATION
CHAPTER 6: KITCHEN SINKS MARKET, BY BOWL
CHAPTER 7: KITCHEN SINKS MARKET, BY END USER
CHAPTER 8: KITCHEN SINKS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to a new report, titled, 'Kitchen Sinks Market,' The kitchen sinks market was valued at $3.3 billion in 2021, and is estimated to reach $4.9 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.The rise in the demand for home improvement and home décor products globally is significantly contributing to the kitchen sinks market growth. The rise in the number of restaurants, cafes, hotels, and cloud kitchens has significantly fostered kitchen sinks market demand across the globe. According to the report of the U.S. Department of Agriculture, full-service and fast-food restaurants the two largest segments of the commercial food service market accounted for about 70.5% of all food-away-from-home sales in 2021. With rising urbanization and the growing number of real estate commercial and residential projects in developing nations, the demand for kitchen sinks is expected to boost rapidly during the forecast period. According to United Nations Conference on Trade and Development in 2010, 51.6% lived in urban areas. By 2020, the share of the urban population increased to 56.2%. It is generally higher in the developed (79.2% in 2020) than in the developing world (51.6%).
Moreover, the development of smart kitchen sinks owing to the proliferation of digital technologies is expected to offer lucrative growth opportunities to manufacturers in the forthcoming years. For instance, the Kohler smart kitchen sink offers voice control, while Xiaomi’s Mensarjor kitchen sink offers smart dishwasher integration with high-frequency vibrations for cleaning vegetables and fruits. These advanced developments in the sinks is expected to gain rapid traction among consumers and boost the growth of the global kitchen sinks market in the foreseeable future.
According to the kitchen sinks market analysis, the market is categorized on the basis of material, installation, bowl, end user, and region. Depending on the material, it is bifurcated into metal and non-metal. The metal segment is further divided into stainless steel, copper, and others. The non-metal segment is further categorized into granite, fireclay, quartz, and others. By installation, the market is classified into drop-in/top mount, under mount, farmhouse/apron-front, and others. By bowl, the market is categorized into single, double, and multiple. By end user, the market is bifurcated into residential and commercial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
As per the kitchen sinks market forecast, based on the material, the metal segment dominated the market, accounting for 81.6% of the kitchen sinks market share in 2021. This dominance is attributed to the huge adoption of stainless steel in the production of kitchen sinks. Stainless steel is easily available and various features such as higher strength, longer durability, affordable prices, and versatility are the major factors that make it an idle option for kitchen sinks.
As per the kitchen sinks market trends, based on the installation, the farmhouse/apron-front is expected to be the fastest-growing segment during the forecast period. Farmhouse/apron-front sinks are large in size perfectly allow to wash big baking pans and casseroles easily. This is a major factor behind its increasing adoption in households and especially in restaurants, cafes, and cloud kitchens.
- Depending on the bowl, the single segment dominated the market in 2021. A single bowl sink is one, generally large, basin with no divider. Single sinks are ideal for small kitchens because they come in a variety of sizes. They hold the major share of the market. It is offered by brands like Carysil, Futura, Kaff, Neelkanth, and others.
- Region-wise, Asia-Pacific holds the major share of the global kitchen sinks market, accounting for 34.77% of the revenue share in 2021 and the region is expected to dominate the market during the forecast period owing to rapid urbanization and a huge population. The kitchen sinks market is expected to increase during the forecast period owing to a rise in the number of houses coupled with a rise in disposable income. The rise in the real estate industry is expected to boost the market for the region. Along with this rise in commercial properties like restaurants, hotels, and hospitals in the region is also expected to drive the growth of the market.
Key findings of the study
The global kitchen sinks market size was valued at $3,275.6 million in 2021, and is estimated to reach $4,908.2 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.- By material, the non-metal segment is estimated to witness the fastest growth, registering a CAGR of 5.0% during the forecast period.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $744.6 million by 2031, growing at a CAGR of 3.8% during the forecast period.
Companies Mentioned
- Delta Faucet Company
- Huida Sanitary Ware Co., Ltd
- JULIEN INC.
- Duravit AG
- Elkay Manufacturing Company
- ROCA SANITARIO, S.A.
- S.A, ACRYSIL Ltd
- House of Rohl, LLC
- Kohler Co.
- Franke Management AG.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | August 2024 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.27 billion |
| Forecasted Market Value ( USD | $ 4.9 billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
