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From 2023 to 2030, the worldwide market for kitchen sinks is projected to rise from an initial estimate of $3.49 billion in 2022 at a CAGR of 5.2%.
The growth of the industry can be attributed to a number of factors, including the increasing disposable income of consumers, the expanding number of homes in many countries, and the proliferation of hotels and restaurants worldwide. The necessity for a well-equipped kitchen has soared as more and more individuals cook at home for health and other reasons. Sinks in modern, modular kitchens can serve multiple purposes and benefit from cutting-edge design and technology. Sinks come in a wide range of sizes, forms, materials, and brands that are suitable to the varying expectations and wants of a diverse group of consumers.
The sink in the kitchen can also be called a basin. It's a sink that's installed in commercial or residential kitchens for the express purpose of doing dishes or washing hands, among other things. Market expansion for kitchen sinks is anticipated to be driven by factors such as rising demand for high-end kitchen fixtures, rising popularity of modular kitchens, and rising spending on home improvement and home décor. Demand for kitchen sinks is expected to climb in the future years on the back of factors including rising consumer income, rapid expansion of restaurants and other food service units, and a rise in the number of construction projects around the world.
The hospitality industry is on the upswing after the epidemic, with more hotels, restaurants, and cafes (HoReCa) opening their doors. The United States Department of Agriculture estimated that by 2021, full-service restaurants and fast food establishments would account for roughly 70.5% of all food sales made outside the house. In 2021, the food service and food retailing businesses delivered around $2.12 trillion worth of food in the U.S. In 2021, spending on food at home decreased to 45.1% from 50.9% in 2020, while spending on food away from home increased to 55.1%, returning to pre-pandemic levels. Since there are no dine-in customers in a cloud kitchen, the commercial kitchen is used to prepare food for delivery or takeout exclusively. Space constraints and the proliferation of food delivery apps like Swiggy and Zomato have spurred the rise of the "cloud kitchen," and this trend is predicted to continue. All of these elements are projected to contribute to the expansion of the market.
By 2030, the market for kitchen sinks is likely to grow, and stainless steel is predicted to become a prominent raw material sector due to its minimal maintenance, durability, stain- and heat-resistance, affordability, and other distinctive qualities. Stainless steel kitchen sinks are more popular because they are durable, easy to clean, and made from recyclable materials rather than harmful chemicals. Stainless steel sinks are a good long-term investment, but they may not sell as well as other materials because of their restricted color palette and propensity to show wet spots.
By 2030, the commercial application sector of the kitchen sinks market is expected to generate significant revenue. Despite price increases and supply chain bottlenecks, one of the main drivers of development is the increasing investment in healthcare construction projects. A new hospital on the University of California's Parnassus Heights campus received a USD 500 million grant, as reported by the Federal Reserve Bank of St. Louis's healthcare construction report. The widespread push to construct more hotel rooms in the United States is also expected to increase demand for commercial kitchen sinks of all varieties.
Motion-activated sinks, sinks that morph into the shape of a wine glass or an electric guitar, and sinks that run the length of the island like a river are just a few of the new features that can be found in today's kitchens. Another company that provides innovative solutions for the kitchen sink is GROHE Limited. With features like the GROHE QuickFix system for simple installation and the GROHE Whisper technology for reduced bowl noise, these items are a cut above the rest. With the increase in homeownership rates, more individuals have the opportunity and inclination to invest in their residences, hoping to make them more beautiful and opulent.
Report Coverage
Global Kitchen Sinks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Kitchen Sinks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Kitchen Sinks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Kitchen Sinks market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Kitchen Sinks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Kitchen Sinks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Duravit AG, Franke Management AG, dornbracht, House of Rohl, Kohler Co., Oliveri Solutions, BLANCO America, Inc., Elkay Manufacturing Company, ACRYSIL Ltd, Ruvati, Delta Faucet Company, Roca Sanitario, S.A, Huida Sanitary Ware Co.,Ltd, Crown Products Limited, JULIEN INC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Kitchen Sinks market based on the below-mentioned segments:
Global Kitchen Sinks Market, By Installation
Drop-in or top mount
Undermount
Farmhouse or Apron-Front
Others
Global Kitchen Sinks market, By Bowl
Single
Double
Multiple
Global Kitchen Sinks Market, By End User
Residential
Commercial
Global Kitchen Sinks market, Regional Analysis
The growth of the industry can be attributed to a number of factors, including the increasing disposable income of consumers, the expanding number of homes in many countries, and the proliferation of hotels and restaurants worldwide. The necessity for a well-equipped kitchen has soared as more and more individuals cook at home for health and other reasons. Sinks in modern, modular kitchens can serve multiple purposes and benefit from cutting-edge design and technology. Sinks come in a wide range of sizes, forms, materials, and brands that are suitable to the varying expectations and wants of a diverse group of consumers.
The sink in the kitchen can also be called a basin. It's a sink that's installed in commercial or residential kitchens for the express purpose of doing dishes or washing hands, among other things. Market expansion for kitchen sinks is anticipated to be driven by factors such as rising demand for high-end kitchen fixtures, rising popularity of modular kitchens, and rising spending on home improvement and home décor. Demand for kitchen sinks is expected to climb in the future years on the back of factors including rising consumer income, rapid expansion of restaurants and other food service units, and a rise in the number of construction projects around the world.
The hospitality industry is on the upswing after the epidemic, with more hotels, restaurants, and cafes (HoReCa) opening their doors. The United States Department of Agriculture estimated that by 2021, full-service restaurants and fast food establishments would account for roughly 70.5% of all food sales made outside the house. In 2021, the food service and food retailing businesses delivered around $2.12 trillion worth of food in the U.S. In 2021, spending on food at home decreased to 45.1% from 50.9% in 2020, while spending on food away from home increased to 55.1%, returning to pre-pandemic levels. Since there are no dine-in customers in a cloud kitchen, the commercial kitchen is used to prepare food for delivery or takeout exclusively. Space constraints and the proliferation of food delivery apps like Swiggy and Zomato have spurred the rise of the "cloud kitchen," and this trend is predicted to continue. All of these elements are projected to contribute to the expansion of the market.
By 2030, the market for kitchen sinks is likely to grow, and stainless steel is predicted to become a prominent raw material sector due to its minimal maintenance, durability, stain- and heat-resistance, affordability, and other distinctive qualities. Stainless steel kitchen sinks are more popular because they are durable, easy to clean, and made from recyclable materials rather than harmful chemicals. Stainless steel sinks are a good long-term investment, but they may not sell as well as other materials because of their restricted color palette and propensity to show wet spots.
By 2030, the commercial application sector of the kitchen sinks market is expected to generate significant revenue. Despite price increases and supply chain bottlenecks, one of the main drivers of development is the increasing investment in healthcare construction projects. A new hospital on the University of California's Parnassus Heights campus received a USD 500 million grant, as reported by the Federal Reserve Bank of St. Louis's healthcare construction report. The widespread push to construct more hotel rooms in the United States is also expected to increase demand for commercial kitchen sinks of all varieties.
Motion-activated sinks, sinks that morph into the shape of a wine glass or an electric guitar, and sinks that run the length of the island like a river are just a few of the new features that can be found in today's kitchens. Another company that provides innovative solutions for the kitchen sink is GROHE Limited. With features like the GROHE QuickFix system for simple installation and the GROHE Whisper technology for reduced bowl noise, these items are a cut above the rest. With the increase in homeownership rates, more individuals have the opportunity and inclination to invest in their residences, hoping to make them more beautiful and opulent.
Report Coverage
Global Kitchen Sinks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Kitchen Sinks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Kitchen Sinks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Kitchen Sinks market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Duravit AG, Franke Management AG, dornbracht, House of Rohl, Kohler Co., Oliveri Solutions, BLANCO America, Inc., Elkay Manufacturing Company, ACRYSIL Ltd, Ruvati, Delta Faucet Company, Roca Sanitario, S.A, Huida Sanitary Ware Co.,Ltd, Crown Products Limited, JULIEN INC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Kitchen Sinks Market from 2021 to 2030.
- Market Forecast for Kitchen Sinks Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Kitchen Sinks competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Kitchen Sinks
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Kitchen Sinks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Kitchen Sinks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Duravit AG, Franke Management AG, dornbracht, House of Rohl, Kohler Co., Oliveri Solutions, BLANCO America, Inc., Elkay Manufacturing Company, ACRYSIL Ltd, Ruvati, Delta Faucet Company, Roca Sanitario, S.A, Huida Sanitary Ware Co.,Ltd, Crown Products Limited, JULIEN INC
Primary Target Market
- Market Players of Kitchen Sinks
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Kitchen Sinks market based on the below-mentioned segments:
Global Kitchen Sinks Market, By Installation
Drop-in or top mount
Undermount
Farmhouse or Apron-Front
Others
Global Kitchen Sinks market, By Bowl
Single
Double
Multiple
Global Kitchen Sinks Market, By End User
Residential
Commercial
Global Kitchen Sinks market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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