Kitchen Sinks Market by End-user, Material and Geography - Forecast And Analysis 2023-2027

Kitchen Sinks Market Forecast 2023-2027

The kitchen sinks market size is estimated to increase by USD 830.1 million, growing at a CAGR of 4.53% between 2022 and 2027. Market growth hinges on various factors, such as the expanding global residential building construction market, heightened building refurbishment activities, and the burgeoning global restaurant industry. However, challenges like fluctuations in raw material prices, elevated operational costs, and typical issues linked with kitchen sinks impede market progression.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by end-user (residential and non-residential), material (metal and non-metal), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

• The growing global residential building construction market is one of the key factors driving the growth of the global kitchen sinks market.
• The global residential building construction market is expected to reach USD 7 trillion by 2023. APAC is a major contributor to the global residential building construction market due to rising urbanization and growing disposable income.
•  As houses are considered long-term assets, people started investing in them to secure the future. Significantly, house owners can rent the house as rent is a non-detectible expense. This, in turn, will drive the kitchen sinks market growth in the future. 
• The most popular kitchen sink in general households is a stainless steel one-bowl sink with a drainer. Handcrafted kitchen sinks made of fireclay, on the other hand, are used in luxury home construction.
• Handcrafted kitchen sinks are more expensive than traditional stainless steel sinks. The price difference between a handcrafted single sink and a regular stainless steel kitchen sink is USD 2,500 to USD 3,500.
• Thus, these observations stimulate the growth of the market during the forecast period.

Key Market Trends

• The emerging growth of semi-recessed sinks is one of the key market trends contributing to the market growth.
• Semi-recessed sinks combine the convenient features of an under mount sink and the contemporary appearance of a kitchen sink.
• Semi-recessed sinks are designed to save space on kitchen counters. Semi-recessed sinks appear unique as they partially protrude from the surface where they are placed.
• Moreover, it is easy to clean the surrounding area of these sinks and under the sinks because of this feature. These sinks occupy less space compared with the other types of products, such as countertop basins.
• Thus, such advantages will boost the market growth during the forecast period.

Key Market Challenge

• Fluctuations in raw material prices are the major challenges that affect the growth of the kitchen sink market.
• They are typically made of materials such as ceramic, concrete, copper, glass, granite, marble, nickel, plastic, polyester, stainless steel, and stone.
• They are typically available in a wide range of styles, colors, and finishes to meet the needs of different customers.
• Most raw materials are sourced goods that are obtained on the basis of purchase orders. Any change in raw material prices will adversely affect the production cost.
• An increment in material costs will lead to a rise in production costs, which can inflate the price.
• High prices of materials lead to a reduction in sales, thus affecting the profit margins of vendors. In addition, the necessity for constant maintenance and support increases the overall cost of ownership, thus reducing the profit margins of vendors.
• Hence, these factors can impede the growth of the market during the forecast period. 

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Kitchen Sinks Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acrysil Ltd.: The company offers kitchen sinks such as granite sinks, enigma n 200, and magic salsa 1816.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• BLANCO GmbH and Co. KG
• Dornbracht AG and Co. KG
• Elkay Manufacturing Co.
• Fletcher Building Ltd.
• Fortune Brands Innovations Inc.
• FRANKE Holding AG
• Futura Kitchen sinks Ind Pvt Ltd.
• JOMOO Kitchen and Bath Co. Ltd.
• JULIEN Inc.
• Kohler Co.
• Kovinoplastika Loz d.o.o.
• Kraus USA Inc.
• Roca Sanitario SA
• Ruvati
• Schock GmbH
• TEKA INDUSTRIAL SA
• VIGO INDUSTRIES LLC
• Whitehaus Collection
• Zuhne LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segment in the Market?

The residential segment is estimated to witness significant growth during the forecast period. Growth in the residential sector is directly impacted by population growth and rapid urbanization. The residential real estate sector in APAC and North America is experiencing massive growth. The US real estate sector is showing signs of a strong recovery from the economic downturn. On the other hand, the APAC region has the largest number of developing countries. Countries such as China, India, and Indonesia are expected to show the greatest growth in residential construction in the future.

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The residential segment was the largest segment and was valued at USD 1.45 billion in 2017. Due to the demand for luxury corporate suites, serviced apartment owners want the look of luxury kitchens with kitchen sinks. Vendors in the global kitchen sink market are introducing their products based on market demand. Schock GmbH (Schock) offers granite sinks with an attractive appearance under the brand names CRISTADUR and CRISTALITE, which are very popular with serviced apartment end-users. Hence, this expected growth of the residential sector will raise the demand for the global market during the forecast period.

Which are the Key Regions for the Market?

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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the US is the major market for kitchen sink manufacturing, and the increasing number of residential construction activities is one of the key factors driving the growth of this segment. The demand is expected to increase in North America due to the increase in residential houses. The U.S. restaurant industry is expected to reach USD 899 billion by the end of 2022. The growth of the North American restaurant industry is expected to increase the demand for various types such as dual-compartment and kitchen sinks with a garbage separator. These factors are driving the growth of the regional kitchen sink market. In addition,  the US, Canada, and Mexico are the three main countries that are expected to support the growth of the construction equipment market, which, in turn, will boost the demand for the market in the region during the forecast period. 

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• End-user Outlook 
  • Residential
  • Non-residential

• Material Outlook 
  • Metal
  • Non-metal

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The Kitchen Sinks Market is thriving due to a combination of factors such as the increasing demand for innovative sinks in both commercial kitchens and household kitchens. With rising consumer disposable income and a focus on home improvement, there's a growing preference for premium kitchen fixtures and technologically advanced options like motion-activated and touchless faucets. Moreover, the surge in home renovations and real estate projects further drives market growth. Trends such as the adoption of IoT technology in kitchen designs and the emphasis on water conservation and efficiency contribute to the market's expansion. Additionally, the popularity of stylish and luxurious living spaces fuels the demand for kitchen sinks that offer both functionality and aesthetic appeal.

The market is witnessing a surge in demand driven by various factors shaping modern living and dining trends. With the increasing number of restaurants, hotels, cafes, and food service units, the need for durable and versatile kitchen sinks is on the rise. Consumers are opting for innovative options like quartz kitchen sinks and motion sensor faucets, reflecting the integration of IoT technology in smart kitchens. Modular kitchens equipped with well-designed sinks cater to the evolving needs of households, while commercial properties prioritize functionality and space utilization. Amidst growing consumer expenditure and disposable income levels, the market is witnessing a shift towards technologically advanced sinks that offer convenience and time-saving features. Furthermore, the impact of the pandemic has accelerated trends such as e-commerce and home renovations, driving demand for kitchen sinks that enhance both aesthetics and functionality. With a focus on durability, resistance to heat, and ease of installation and cleaning, kitchen sinks continue to play a vital role in shaping modern living spaces for households and commercial establishments alike.

The market is experiencing a transformative shift propelled by evolving consumer preferences and technological advancements. Brands like Moen are at the forefront, offering innovative solutions for well-equipped kitchens integrated with Internet of Things (IoT) technology. Motion-activated sinks and smart, modular designs are gaining popularity, aligning with the demand for convenience and efficiency in modern households. As consumers seek to personalize their living spaces, kitchen sinks are becoming key elements of home décor, available in a variety of shapes and styles to suit individual tastes. With a surge in food-away-from-home sales and the rise of cloud kitchens, the demand for durable and hygienic sinks in the food service and retailing industries is on the rise. Additionally, growing tourism and home renovations are driving the market, alongside increasing Internet connectivity and the adoption of technologically advanced sink solutions. From hotels and restaurants to households and commercial spaces, kitchen sinks play a pivotal role in enhancing functionality and aesthetics, catering to the diverse needs of consumers worldwide.

Smart and modular kitchens have emerged as transformative solutions in the realm of home décor, offering unparalleled convenience, efficiency, and aesthetics. Influenced by factors such as consumer income, home value, and kitchen renovations, the market for these innovative spaces continues to expand, catering to diverse needs and preferences. As consumer income rises, there is a growing inclination towards investing in home improvement projects, with median spending on major kitchen remodels witnessing an upward trend. Smart and modular kitchens, equipped with state-of-the-art appliances, sprays, soap dispensers, and trash collection systems, reflect a shift towards modern living standards and convenience.

Space availability is a crucial consideration in the adoption of smart and modular kitchens, with compact designs and customizable layouts maximizing functionality within limited areas. Moreover, the increasing prevalence of nuclear families necessitates efficient utilization of space, driving demand for innovative storage solutions and space-saving designs. The evolution of food service and food retailing industries further fuels the demand for smart kitchens as consumers seek seamless integration between cooking, dining, and entertainment spaces. With the proliferation of food delivery channels and changing culinary trends, smart kitchens offer the flexibility and connectivity required to adapt to evolving lifestyles.

In the context of global trade and development, initiatives such as the United Nations Conference on Trade and Development (UNCTAD) and the International Telecommunication Union (ITU) play a crucial role in shaping market dynamics and fostering innovation. Technological advancements, including internet connectivity and technologically advanced kitchen sinks, revolutionize the way homeowners interact with their living spaces. For hospitality establishments such as hotels and restaurants, smart and modular kitchens offer efficiency gains and cost savings, enhancing operational workflows and guest experiences. Within the consumer market, the demand for smart kitchen appliances spans both the metal and non-metal segments, with single bowl sinks and customized configurations catering to diverse preferences.

The integration of solar energy, exemplified by companies like GoSun, further underscores the sustainability aspect of smart kitchens, aligning with growing environmental awareness and energy-efficient living practices. As homeownership rates continue to rise globally, the demand for technologically advanced and customizable kitchen solutions is poised to grow, reshaping the future of home living. In conclusion, smart and modular kitchens represent a paradigm shift in home design and lifestyle preferences, driven by factors such as consumer income, technological advancements, and changing household demographics. As the number of households grows and urban living spaces become increasingly compact, the demand for innovative and space-efficient kitchen solutions will continue to soar, reflecting a convergence of style, functionality, and sustainability in modern living environments.

Kitchen Sinks Market Scope
Report Coverage	Details
Page number	158
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.53%
Market growth 2023-2027	USD 830.1 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.47
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 33%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Acrysil Ltd., BLANCO GmbH and Co. KG, Dornbracht AG and Co. KG, Elkay Manufacturing Co., Fletcher Building Ltd., Fortune Brands Innovations Inc., FRANKE Holding AG, Futura Kitchen sinks Ind Pvt Ltd., JOMOO Kitchen and Bath Co. Ltd., JULIEN Inc., Kohler Co., Kovinoplastika Loz d.o.o., Kraus USA Inc., Roca Sanitario SA, Ruvati, Schock GmbH, TEKA INDUSTRIAL SA, VIGO INDUSTRIES LLC, Whitehaus Collection, and Zuhne LLC
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• •    CAGR of the market during the forecast period
  •    Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  •    Precise estimation of the size of the market size and its contribution to the parent market
  •    Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  •    Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  •    Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  •    Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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