The
global kitchen sinks market size is expected to reach USD
3.1 billion by 2025, expanding at a CAGR of 3.7%, according to a new report by
Grand View Research, Inc. Surge in the number of households in various
countries, increasing hotels and restaurants across the globe, and rising
disposable income are some of the prominent factors for the growth of this
market.
Metallic
sink is the most preferred material type and it accounted for 52.4% share of
the overall revenue in 2018. They are available in various metals such as
stainless steel, cast iron, and copper. Stainless steel sink is the most famous
one owing to its characteristics such as corrosion resistance, fire and heat
resistance, hygiene, strength to weight advantage, ease of fabrication, impact
resistance, antibacterial value, and long-term value. Moreover, availability of
metallic sinks in a variety of installation types, including under mount and
top mount, is driving the segment.
The
single bowl segment dominated the kitchen sink market and accounted for the
majority of the share in 2018. Growing need for a nucleated family across the
globe is increasing the demand for the lesser number of bowls in the kitchen
sinks for the cleaning and washing purposes. Demand has also increased after
the invention of dishwashers as there is no need for separate cabinet in one
sink for dirty utensils and clean water for rinsing in the other. Other factors
such as space requirement for installations, number of people using kitchen at
a time, and the way people tend to clean up are also some of the deciding
criteria for the installation of kitchen sinks.
Asia
pacific dominated the market with a share of more than 44.0% in 2018. In Asia
Pacific, China contributes to the majority of share and is expected to register
a CAGR of 4.0% over the forecast period. Demand is increasing in the region due
to rise in the number of households. As per the survey, almost more than 450
million houses are registered in China. Luxury lakeside homes and high rise
apartments are coming up fast in China, leading to the growth of this market.
For Full Research Report On Kitchen Sinks Market Visit Here:
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Kitchen Sink Market Report Highlights
- By
material, the metallic segment is projected to ascend at a CAGR of 3.9%
over the forecast period
- By
number of bowls, single bowl held 37.9% share of the overall revenue in
2018
- Asia
Pacific is expected to emerge as the fastest growing region in kitchen
sink industry with a CAGR of 4.3% over the forecast period
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Kitchen Sink Market Segmentation
Grand
View Research has segmented the global kitchen sink market on the basis of
material, number of bowls, and region:
Kitchen Sinks Material Outlook (Revenue, USD Billion, 2015 - 2025)
- Metallic
- Granite
- Others
Kitchen Sinks Number of Bowls Outlook (Revenue, USD Billion, 2015 - 2025)
- Single
Bowls
- Double
Bowls
- Multi
Bowls
Kitchen Sinks Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- CSA
- Brazil
- MEA
- Turkey
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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