Global Water Sink Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Water Sink Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global water sink market report has been segmented as per base material type, product type, application, sales channel, and region.
Global Water Sink Market: Overview
Water sink is a necessary accessory or part of any bathroom and kitchen. It is also known as wash basin or washbowl. The water sinks are made-up from various materials such as stainless steel, ceramic, and artificial stone. These sinks are available with advanced technology and in different size and shapes. For example, water sink with AER-DEC integrated system.
Global Water Sink Market: Dynamics
Increasing per capita income in emerging countries and rising preference for monochrome style water sinks in commercial and residential sectors are major factors expected to fuel growth of the global market over the forecast period. In addition, growing trend towards aesthetic appeal in the house and rising preference towards the nature based interior designs among individuals across the globe are key factors driving growth of the target market.
Rising awareness about various type of water sinks such as wall mount water sinks, under mount water sinks, top-mount water sinks, and drop-in water sinks is resulting in increased demand for water sinks. This is another key factor expected to boost growth of the global market. Also, increasing awareness about smart sinks along with their additional features such as liquid soap dispensing and hand drying is another major factor expected to propel growth of the global water sink market over the forecast period.
Furthermore, growing cognizance level about AER-DEC integrated sink system which is largely used in the commercial sector such as, in SPA, Salon, hotels, and restaurants is other key factors expected to proliferate growth of the global market in the next 10 years.
However, rising occurrence of failures and complication associated with the installation of technologically modern water sinks and high cost associated advanced water sink are key factors expected to restraint growth of the global market to a certain extent.
Global Water Sink Market: Segment Analysis
Among base material type, the ceramic water sink segment is expected to account for significant share in the global water sink market, owing to rising demand for pleasant look ceramic water sink having different shapes and quality.
Increasing preference shift towards advanced water sink in commercial sector owing to various advanced features of these sinks is a primary factor driving revenue growth of the commercial segment among application segment.
Global Water Sink Market: Region Analysis
The market in Asia Pacific is account for highest revenue share and is expected to dominate the target market over the forecast period. This is associated with rapid urbanization, increasing demand for various types of wash basin such as top-mount, pedestal, wall mount wash basin, and monochrome style kitchen and bathrooms in various countries such as China, India, and Japan in the region. Market in North America is expected to register a moderate growth in the global market followed by market in Europe, owing to growing e-commerce sector, rising inclination towards smart sinks among individuals, and high disposable income in countries in these regions.
Global Water Sink Market Segmentation:
Segmentation by base material type:
- Ceramic Water Sinks
- Stainless Steel Water Sinks
- Artificial Stone Water Sinks
Segmentation by product type:
- Under Mount
- Wall Mount
Segmentation by application:
Segmentation by sales channel:
- Multi-Brand Store
- Specialty Store
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Crown Products (Kent) Ltd.
- Elkay Manufacturing Company, Inc.
- ROHL LLC
- Moen Incorporated
- Roca Sanitario, S.A.
- Julien Inc.
- LIXIL Corporation
- Franke Holding AG
- Kohler Co., Inc.
- Huida Sanitary Ware Co., Ltd
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