Kitchen Sinks Market Share, Size, Trends, Industry Analysis Report, By Number of Bowls (Single, Double, Multi), By Material (Metallic, Granite, Others), By Region, And Segment Forecasts, 2023 - 2032
- Published Date:Oct-2023
- Pages: 118
- Format: PDF
- Report ID: PM3798
- Base Year: 2022
- Historical Data: 2019-2021
The global kitchen sinks market was valued at USD 3.40 billion in 2022 and is expected to grow at a CAGR of 4.8% during the forecast period.
Rising number of households across different countries, the global expansion of hotels and restaurants, and an increase in consumer disposable income are all contributing to this growth. With more people opting to cook at home for health and other reasons, the demand for well-equipped kitchens has surged. Kitchen sinks play a vital role in these smart and modular kitchens, offering enhanced functionality when integrated with the latest features and technologies. Kitchen sinks are available in a diverse range of sizes, shapes, materials, and brands, catering to the varied demands and needs of consumers. As the market continues to evolve, the focus on providing innovative and high-quality sinks to meet the diverse preferences of consumers remains essential to sustain the growth momentum.
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Industry has experienced significant growth in response to a surge in demand for innovative sinks. Manufacturers are introducing cutting-edge features, such as sprays, soap dispensers, and trash collection systems, to attract consumer interest. For instance, Moen has launched a touchless faucet equipped with a motion sensor for kitchen sinks, allowing users to activate the faucet with a simple hand wave or by using cutlery. This not only conserves water but also saves time by eliminating the need to constantly turn the faucet on and off.
Based on a CoreLogic report released in September 2020, U.S. homeowners experienced a notable increase in home value, gaining an average of USD 9,800 by the end of Q2 2020. This marked a substantial year-over-year growth of 6.6%. Renovating the kitchen offers homeowners the opportunity to customize the space according to their specific requirements while also staying in line with the latest design trends. The 2021 U.S. Houzz & Home Study revealed that home remodeling projects witnessed a surge in 2020, with a particular emphasis on kitchen renovations. This trend can be attributed to the pandemic, as kitchens evolved into central spaces within homes during the period of increased stay-at-home measures.
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Rising Demand for Modern Kitchen Designs
The market is witnessing a plethora of advancements and innovations from various players, showcasing the growing integration of Internet of Things (IoT) technology. This technology enables everyday objects, like kitchen sinks, to connect, share information, and perform tasks, leading to enhanced convenience and efficiency for consumers. As the industry continues to evolve, these innovative sink designs and IoT-enabled features are reshaping the way consumers interact with their kitchen appliances, offering a seamless and more sophisticated experience in daily tasks.
As homeownership rates increase, more individuals are investing in their properties to create stylish and luxurious living spaces. Upgrading the kitchen with innovative sink technologies is becoming a popular choice among homeowners aiming to elevate their living spaces with modern and sophisticated elements. These advancements in kitchen sink designs cater to the evolving preferences of consumers, offering both functional excellence and aesthetic appeal to transform the heart of their homes into inspiring and personalized spaces.
Moreover, GROHE Limited has introduced a series of technologically advanced kitchen sinks. These sinks are crafted from high-quality stainless steel and are equipped with the GROHE QuickFix system, making installation a breeze. Additionally, the sinks feature GROHE Whisper technology, which effectively reduces the noise from the bowl, enhancing the overall kitchen experience.
The market is primarily segmented based on material, number of bowls, and region.
By Number of Bowl
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By Number of Bowl Analysis
Single bowl segment accounted for the largest share in 2022
Single bowl accounted for major global share. This dominance can be attributed to the growing prevalence of nuclear families worldwide, leading to reduced demand for multiple bowls in kitchen sinks used for cleaning and washing. It also includes space required for installation, the number of individuals using the kitchen simultaneously, and individual preferences for cleaning methods.
Double bowl segment is likely to register highest growth rate. Consumers find double-bowl sinks beneficial for expediting the cleaning process by utilizing one bowl for soapy water and the other for rinsing utensils. Some of the solutions include designing double units with one sink smaller than the other or incorporating one shallow sink to accommodate smaller utensils. With the versatility and efficiency offered by double-bowl sinks, coupled with the continuous efforts of manufacturers to optimize space utilization, this segment is projected to witness a consistent rise in demand over the forecast period.
By Material Analysis
Metallic segment expected to hold substantial market share in 2022
Metallic segment is projected to hold significant market share. Stainless steel kitchen sinks are particularly popular among consumers due to the numerous advantageous properties of the metal. These include its excellent strength-to-weight ratio, ease of fabrication, antibacterial qualities, long-term durability, and resistance to corrosion, fire, heat, and impact. Furthermore, metallic sinks offer versatility in installation options, with popular choices being under mount and top mount installations. The appeal of metallic sinks, especially stainless steel, is driven by the combination of practical benefits, aesthetic appeal, and long-lasting performance, making them a preferred choice for modern kitchen designs and functional needs. This dominance in the market is expected to continue as consumers value the durability and functional advantages offered by metallic kitchen sinks.
Granite sinks segment witnessed steady growth. Granite sinks are experiencing a surge in popularity among consumers, primarily due to their exquisite appearance and reputation as a luxurious alternative to stainless steel products. These sinks are available in various materials, including 100% marble, 100% granite, granite composite (85% quartz granite, 15% resin), & cultured marble (a combination of marble dust, stone, & resin). However, it is essential to note that granite sinks are generally more expensive than their metallic counterparts and tend to be heavier. Installing granite sinks may require additional cabinet preparation to ensure safe and secure installation due to their weight.
Asia Pacific region dominated the global market in 2022
APAC region dominated the global market. The remarkable growth in the region can be attributed to several factors. Rapid urbanization in developing countries, coupled with rising disposable income levels, has been driving an increased interest in home improvement projects among homeowners. Moreover, the growing socializing activities, such as house parties and family reunions, have further fueled the demand for kitchen upgrades and renovations. As homeowners in the region seek to enhance the functionality and aesthetics of their kitchens, the kitchen sink market is witnessing substantial growth. With a booming market and a continuous focus on home improvement, the region is set to be a key driver of industry's expansion.
Europe is likely to emerge as fastest growing region. The hospitality sector's growth is expected to drive an increase in product demand within the commercial sector. European countries, being key players in the tourism industry, directly promote the expansion of the hospitality sector in the region. Statistics from TOPHOTELPROJECTS GmbH reveal that as of May 2021, there were approximately 1,955 hotel projects in the pipeline across Europe. This surge in the number of hotels is anticipated to create a higher demand for smart kitchen appliances in the region throughout the forecast period.
Key Market Players & Competitive Insights
The kitchen sinks market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market
- Dornbracht Kitchen
- In August 2021, Acrysil recently announced a substantial expansion of its manufacturing capacity by setting up a greenfield facility in Bhavnagar, Gujarat. This expansion will enable the company to produce an additional 160,000 quartz sinks annually. With this strategic move, company's overall manufacturing capacity is boosted to an impressive 1 million sinks per year.
- In April 2021, Acrysil & IKEA Supply have entered partnership to collaboratively manufacture & supply quartz kitchen sinks specifically catering to the IKEA's requirements.
Kitchen Sinks Market Report Scope
Market size value in 2023
USD 3.49 billion
Revenue forecast in 2032
USD 5.30 billion
4.8% from 2023 – 2032
2019 – 2021
2023 – 2032
Revenue in USD billion and CAGR from 2023 to 2032
By Number of Bowl, By Material, By Region
North America, Europe, Asia Pacific, Latin America; Middle East & Africa
Report customization as per your requirements with respect to countries, region and segmentation.
The global kitchen sinks market size is expected to reach USD 5.30 billion by 2032.
Key players in the market are Ruvati, Kohler, Zuhne, Frigidaire, Swanstone, Acrysil, AGA, Duravit
Asia Pacific contribute notably towards the global kitchen sinks market.
The global kitchen sinks market is expected to grow at a CAGR of 4.8% during the forecast period.
The kitchen sinks market report covering key segments are material, number of bowls, and region.