Kitchen Sinks Market
Global Market Study on Kitchen Sinks: Rising Demand for Smart Kitchens Complementing Market Growth
Kitchen Sinks Market is Segmented by Material type such as Fireclay, Stainless Steel, Cast Iron, Copper, Quartz having product types such as Drop-in/ Top Mount Pedestal, Undermount, Wallmount having application includes Single, Double, Triple
The emergence of IoT (Internet of Things) has not been unnoticed by manufacturers of kitchen appliances, and they are investing time and money in developing infrastructure for their products to communicate over. Consumers all over the world welcome this step, and are actively using IoT devices, which is expected to drive the growth of the kitchen sink market over the forecast period of 2020 to 2030.
Internet of Things is a growing network of everyday objects, connecting industrial machines to consumer home appliances that can share information and complete tasks, while people are engaged in other routine activities.
This trend is now noticeable in the kitchen sink market, as companies have started producing IoT-enabled kitchen sinks, or smart kitchen sinks that offer smartphone connectivity and control through apps, integration of small dishwashers into kitchen sinks that are managed through apps, and voice control faucets integrated into sinks.
This has made consumers’ lives easier and has increased product performance. As an example, 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.
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- Blanco America, Inc.
- Crown Products (Kent) Limited
- Elkay Manufacturing Company
- Franke Kitchen Systems, LLC
- Huida Sanitary Ware Co., Ltd.
- JULIEN INC.
- Kohler Co. (Sterling)
- Kraus USA INC.
- Roca Sanitario, S.A.
- ROHL LLC.
- Schock GmbH
- Shaws Since 1897 Ltd.
- Stern-Williams Co. Inc.
- Tasman Sinkware Pty Ltd.
- TOTO USA, Inc.
- Whitehaus Collection
- Other Players (As Per Request)
Rising Adoption of 2-bowl Kitchen Sinks to Accelerate Market Growth
Prominent companies in the kitchen sink market, such Frigidaire, Dombracht Kitchen, Roca, and others, are coming up with new innovative products such as 2-bowl and 3-bowl kitchen sinks that help in multitasking and save time.
Increasing number of nuclear families and rise in the demand for the number of sink bowls for cleaning and washing purposes are gaining the attraction of consumers. 2-bowl and 3-bowl sinks are mostly preferred by offices, restaurants, and hotels, as they help in the cleaning of utensils faster an easier. The demand for multi-bowl sinks was primarily high in commercial places, but is now gaining attraction in household kitchens too.
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Increased Spending on Home Décor and Adoption of Products in Commercial Sector Aiding Sales Growth
Kitchen sinks are normally used for the purpose of washing utensils. Increasing construction activities, rise in access to clean water and sanitation facilities in developing countries, and increasing number of renovation projects in developed regions have boosted the demand for kitchen sins.
Increasing per capita spending on home decor products and adoption of Western lifestyle, along with rise in the standard of living, have shifted consumer interest toward attractive home decor and modern equipped kitchens, which is expected to expand the demand for kitchen sinks, worldwide, during the forecast period.
In addition, the expanding commercial sector, especially hotels and restaurants, have also increased the demand for kitchen sinks across the globe. Over the past few years, the desire of making more furnished, attractive houses, and renovation of old traditional kitchens with modern equipment and facilities have pushed the demand for water sinks in the market.
Moreover, the increasing popularity of double-bowl sinks and three-bowl sinks to multitask has boosted the growth of the kitchen sink market, which is anticipated to register a growth rate of 6% in East Asian countries.
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Kitchen Sink Market: Competition and Regional Overview
The global kitchen sink market is anticipated to be highly fragmented, where a large number of small- and mid-size players in the landscape. There are many regional and local market players who are significantly increasing their market footprint to meet the growing market demand for kitchen sinks at reasonable prices. They are also investing in research & development activities, along with focusing on product development, frequent product launches, and increased product availability, and adopting pricing, and merger & acquisition strategies.
- In 2018, Moen, a leading brand in kitchen and bathroom products, launched a motion sense touchless tap for kitchen sinks, which is operated by the wave of hand or utensils.
- In 2017, Blanco America, Inc. added PRECIS 24” and 27” Single Bowls to its renowned SILGRANIT sink collection. The Blanco Precis undermount sink comes in two compact sizes for maximizing use of smaller spaces.
The kitchen sink market is projected to reach a valuation of US$ 3.1 Bn in 2020, and register a CAGR of 4% during the forecast period of 2020-2030. Europe holds the largest market share in the global kitchen sink market, followed by North America; regions having higher sedentary lifestyles and increased spending on attractive and elegant looks for kitchens.
Moreover, consumers in developed regions are considerably shifting their focus toward more attractive and modern kitchen equipment. The market in East Asia is expected to expand at the highest CAGR during the forecast period, as luxury lakeside homes and apartments in the region are increasing, and there is rapid increase in construction too in the region
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A brief overview of the changing landscape of the kitchen sink market has led our analysts to conclude that, the market is exponentially gaining popularity. The demand for two-bowl sinks is increasing in developed regions such as North America and Europe.
On the other side, rise in health issues have made consumers more aware about cooking food at home, and has increased the demand for kitchen sinks. The kitchen sink market has been witnessing a slight increase in the demand for the product after the outbreak of COVID-19, but due to lockdowns across the world, there is less availability of products in the market.
Kitchen Sink Market: Segmentation
PMR’s research study on the global kitchen sink market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The kitchen sink market is segmented on the basis of product, base material, application, end user, sales channel, and region. Every segment is analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
The kitchen sink market research report includes a competitive landscape that provides a dashboard view of the key competitors operating in the market. Some of the market players included in this section are Moen Incorporated, Franke Management, Elkay manufacturing company, BLANCO America Inc., Teka Industrial group Kitchen and Bath, Oulin Pakistan, Kohler Co., Jomoo Kitchen & Bath Co., Primy Corporation Ltd., Franke Kindre Canada Ltd., Bonke Kitchen & Sanitary Industrial Co. Ltd., and others.
Key Questions Answered in the Report
- How much is the kitchen sinks market worth?
The global kitchen sinks market is estimated to reach US$ 3 Bn in the year 2021.
- What will be the demand outlook?
The global kitchen sinks market is expected to witness a CAGR of 4.7% between 2021 and 2031.
- What was the last 5 year market CAGR?
The kitchen sinks market witnessed a CAGR of 3.6% between 2015 and 2020.
- What are the key trends of kitchen sinks market?
The latest trend is that of double bowl sinks being preferred by majority of corporate offices and restaurants.
- What is driving the demand for kitchen sinks?
Increase in the number of households coupled with growing number of restaurants and hotels is driving the demand for kitchen sinks.
- What is the market share of top 5 players?
The top 5 players such as Blanco America, Inc., Crown Products (Kent) Ltd., Elkay Manufacturing Company, Franke Kitchen Systems, LLC, and Kohler Co. (Sterling) hold more than 30% of the market share.
- What are the top 5 countries driving demand?
The top 5 countries driving demand include the US, India, China, Brazil, and South Korea.
- What is North America’s market Outlook?
North America holds more than 20% of the market share due to the US leading from the front.
- At what percentage kitchen sinks market is going to register growth in Europe?
Europe is expected to register growth at the rate of 2.5% in the kitchen sinks market between 2021 and 2031.
- What are the key market statistics in Korea and Japan?
Japan and South Korea are expected to account for 15% of the market share in terms of revenue from the Asia-Pacific.