Global Market Study on Kitchen Sinks: Rising Demand for Smart Kitchens Complementing Market Growth


Kitchen Sinks  Market
  • Published On : May-2020 |
  • Pages : 300 Pages |
  • Format : Kitchen Sinks  Market Kitchen Sinks  Market Kitchen Sinks  Market Kitchen Sinks  Market

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.

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.

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.kitchen sink market region product Gain More Insights about this Report

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

Analysts’ Viewpoint

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 - Scope of the Report

Persistence Market Research (PMR) recently published a new report on the kitchen sink market for the assessment period of 2020-2030. The report offers a close look at the evolving aspects of the kitchen sink market and insights into the dynamics impacting market growth. It also focuses on key developments in the kitchen sink market. The report includes various macro- and micro-economic factors responsible for a significant impact on the kitchen sink market.

The report on the kitchen sink market extensively focuses on the key trends shaping its growth. Additionally, the included opportunity analysis on the kitchen sink market report underlines untapped corners for aspiring players. The report on the kitchen sink market also offers a holistic view of the incremental opportunity, which can further help readers make effective decisions for the growth of their businesses.

All the stakeholders in the kitchen sink market can rely on the data offered in this report to make critical decisions. Moreover, the information offered in this report also can help new market entrants expand their bases in the kitchen sink market.

The report elaborates on both, the historical and current trends shaping the market. The performance journey of the kitchen sink market been drawn and analyzed to make lucrative opportunities in the market evident to readers. The competitive landscape presented in the kitchen sink market report gives a detailed outlook of the profiles of key companies operating in the market, along with their differential strategies and key focus areas.

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.

Product

  • Drop-in/ Top Mount
  • Pedestal
  • Undermount
  • Wallmount
  • Other Product Types

Base Material

  • Fireclay
  • Stainless Steel
  • Cast Iron
  • Copper
  • Quartz
  • Other Base Materials

End-User

  • Residential
  • Commercial

Application

  • Single
  • Double
  • Triple

Sales Channel

  • Direct
  • Indirect
    • Multi-brand Stores
    • Franchise Stores
    • Specialized Stores
    • Online Retailers
    • Modern Trade
    • Departmental Stores

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

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.

Kitchen Sink Market: Key Questions Answered in the Report

The research study on the kitchen sink market offers inclusive insights about the growth of the market in the most comprehensive manner. Key insights offered in the kitchen sink market report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.

  • How is the coronavirus pandemic impacting the growth of the kitchen sink market?
  • What are the key trends that are constantly shaping the growth of the kitchen sink market?
  • Which are the prominent regions that offer plentiful opportunities for players in the kitchen sink market?
  • What are the differential strategies adopted by key players to hold a significant share in the global kitchen sink market?

Kitchen Sink Market: Research Methodology

A unique and promising research methodology forms the base of the kitchen sink market report for the forecast period. This report has been prepared after a comprehensive analysis of market events, and riveting insights have been compiled meticulously. The research methodology for the kitchen sink market report is a two-step process, comprising primary and secondary research. Key stakeholders such as suppliers, service providers, and experts of several designations, including executive vice presidents, directors, technical advisor, GM marketing professionals, and sales professionals have been interviewed. Secondary sources referred to obtain information include investor presentations of manufacturers, World Bank, IMF, and other credible sources.

Companies covered in Kitchen Sinks Market Report

  • 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.
  • LIXIL Corporation (American Standard Brand)
  • Moen Incorporated 
  • Mountain Plumbing Products
  • Roca Sanitario, S.A.
  • ROHL LLC.
  • Schock GmbH
  • Shaws Since 1897 Ltd.
  • Stern-Williams Co. Inc.
  • Tasman Sinkware Pty Ltd.
  • Ruvati USA Inc.
  • TOTO USA, Inc.
  • Swanstone 
  • Vigo Industries
  • Whitehaus Collection
  • Other Players (As Per Request) 
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