Global Water Sink Market is expected to grow with the CAGR of 7.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global water sink market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global water sink market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In July, Franke opened a state-of-the-art production facility for the manufacturing of coloured sink. This new production facility is located in Slovakia. This will enhance the product portfolio of the company with the production of more products.
American Standard Brand is the dominating player in global water sink market. The other key players existing in the market includes American Standard Brand (A subsidiary of LIXIL Corporation), Moen Incorporated (A subsidiary of Fortune Brands Home & Security, Inc.), TOTO LTD, Bristan Group Limited (A subsidiary of Masco Corporation), Artisan Manufacturing, Duravit AG, JULIEN INC., SCI and ROHL LLC. Kraus USA., WHITEHAUS COLLECTION, Roca Sanitario, S.A, Vigo Industries, Elkay Manufacturing Company, Zuhnë, Franke Kitchen Systems, LLC, Kohler Co., CROWN IMPERIAL and THE LONDON BASIN COMPANY.
American Standard Brand (A subsidiary of LIXIL Corporation)
American Standard Brand (A subsidiary of LIXIL Corporation), headquartered in New Jersey, U.S. which was founded in 1875. The company produces high performing fixtures, stylish faucets and sinks for the bath and kitchen and their product categories are bathroom and kitchen and both are also the market focused category.
- In January 2019, American Standard won six prestigious GOOD DESIGN Awards 2018. All of these awards have been won by the company for its innovative design and excellence in kitchens and bathrooms. Such honors were given by the Chicago Athenaeum Museum of Architecture and Design in collaboration with the European Institute for Architecture, Culture, Technology and Urban Studies. With this, the organization has strengthened its brand image on the industry.
The company has wide global presence across the globe such as North America, Europe, and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Crane Plumbing Corporation (Canada), Safety Tubs LLC (U.S.), Decorative Panels International, Inc. (U.S.) and Southwest Comfort Sales and Services, Inc. (U.S.).
BRISTAN GROUP LIMITED (A SUBSIDIARY OF MASCO CORPORATION)
BRISTAN GROUP LIMITED (A SUBSIDIARY OF MASCO CORPORATION) is headquartered in Staffordshire, U.K. and it was founded in year 1977. The company engage in manufacturing of taps, showers, kitchen sink, and accessories among others. The company offers wide range of product categories such as bathroom taps, kitchen taps, boiling water taps, mixer showers, electric showers, bathroom accessories, shower accessories, kitchen sinks under which kitchen sinks is market focused category.
- In May 2016, Bristan Group Limited has won the Red Dot Development Award for super stylish flute and exodus taps. Flute and Exodus, as part of the Bristan Designer Series, showcase Bristan's best designs, draw inspiration from a variety of sources from international designers to Uk artists in order to create a distinctive overall look. With this honor, the organization has strengthened its brand image on the industry.
The company has presence in U.K.
MOEN INCORPORATED (A SUBSIDIARY OF FORTUNE BRANDS HOME & SECURITY, INC.)
MOEN INCORPORATED (A SUBSIDIARY OF FORTUNE BRANDS HOME & SECURITY, INC.) is headquartered in Ohio, U.S. which was founded in 1937. The company focuses on designing and delivering products for bathrooms and kitchens. The company deals in bathroom and kitchen sinks.
- In February 2019, Moen joined with Nebia to collaborate together to deliver revolutionary kitchen and bathroom products. This relationship involves shared marketing alerts and delivery schedules.
The company has wide global presence in North America, Central America, Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Moen China Limited (China), Moen International, Inc.(U.S.), Moen de Mexico S.A. de C.V.(Mexico) among others..
