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Global Water Sink Market – Industry Trends and Forecast to 2031

  • FMCG
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Water Sink Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 15.89 Billion
Diagram Market Size (Forecast Year) USD 28.13 Billion
Diagram CAGR %

Global Water Sink Market, By Product Type (Freestanding Water Sink, Pedestal, Drop-In, Under-Mount, Top Mount, Wall Mount, and Others), Material (Stainless Steel, Copper, Quartz, Fireclay, Cast Iron, Ceramic, Artificial Stone, and  Others), Distribution Channels (Wholesalers, Specialized Stores, Multibrand Stores, and  Online Retail), Applications (Household, and Commercial Applications), End-User (Households, Hospitality, Corporate and Government Offices, and Educational Institutes) – Industry Trends and Forecast to 2031.

 

Water Sink Market Analysis and Size

In the water sink market, applications span across residential, commercial, and industrial sectors. In residences, water sinks are integral for kitchens, bathrooms, and laundry rooms. Commercially, they find use in restaurants, hotels, and healthcare facilities. Industrially, water sinks are vital for manufacturing, laboratories, and various other industrial processes.

Data Bridge Market Research analyses that the global water sink market which was USD 17.07 billion in 2023 and is expected to reach USD 30.21 billion by 2031, registering a CAGR of 7.4% during the forecast period of 2024-2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Water Sink Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016- 2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Freestanding Water Sink, Pedestal, Drop-In, Under-Mount, Top Mount, Wall Mount, and Others), Material (Stainless Steel, Copper, Quartz, Fireclay, Cast Iron, Ceramic, Artificial Stone, and  Others), Distribution Channels (Wholesalers, Specialized Stores, Multibrand Stores, and  Online Retail), Applications (Household, and Commercial Applications), End-User (Households, Hospitality, Corporate and Government Offices, and Educational Institutes)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

BLANCO (U.S.), KENT RO SYSTEMS LTD (U.K), Elkay Manufacturing Company (U.S.), Franke Group (Switzerland), Huida Sanitary Ware Co., Ltd. (Malaysia), Julien Inc. (Canada), Kohler Co. (U.S.), present Kraus USA Plumbing LLC. (U.S.), LIXIL Corporation (Japan), Moen Incorporated (U.S.), Mountain Plumbing Products (U.S.), Roca Sanitario S.A.U. (Spain), House of Rohl (U.S.), Schock GmbH (Germany), Stern-Williams (U.S.),  Crown Products Ltd, (India), Kohler Co. (U.S.), TOTO LTD (Japan), Duravit AG ( Germany), Oliveri Solutions (Australia)

Market Opportunities

  • Increasing Demand for Sustainable and Eco-Friendly Products
  • Increasing Concerns of Health and Hygiene

Market Definition

A water sink, commonly known as a sink, is a plumbing fixture used for washing hands, dishes, and various objects. It typically consists of a basin with faucets for hot and cold water, connected to a drain pipe to remove wastewater. Sinks are found in kitchens, bathrooms, and utility rooms.

Global Water Sink Market Dynamics

Drivers

  • Renovation and Remodelling of Homes and Commercial Buildings

Demand for sinks is propelled by home and kitchen renovations, where consumers opt for newer, stylish, and functional models. Additionally, the construction of new homes and commercial buildings boosts sink demand, given their essential role in kitchens, bathrooms, and other areas. These factors collectively drive growth in the water sink market as demand surges from both renovation and new construction projects.

  • Increased Demand of Sinks in Hotels and Resorts

The escalating demand for sinks in hotels and resorts, fueled by the rising global population and the essential role sinks play in hospitality, is driving growth in the water sink market. Furthermore, the increasing preference for designer sinks in these establishments further strengthens market expansion, highlighting a growing demand for both functional and aesthetically pleasing sink solutions.

Opportunities

  • Increasing Demand for Sustainable and Eco-Friendly Products

The increasing demand for eco-friendly and sustainable products, such as water-saving sinks made from recyclable materials, is driving growth in the water sink market. Manufacturers are responding by offering sinks with features such as low-flow faucets and water-efficient designs, meeting consumer preferences for environmentally conscious solutions and fueling expansion in the market.

  • Increasing Concerns of Health and Hygiene

Post-pandemic, heightened focus on hygiene drives demand for sinks equipped with antimicrobial surfaces and touchless features, minimizing germ transmission risks. Consumers prioritize sanitary solutions, favoring fixtures that reduce contact points and inhibit microbial growth. This trend underscores a shift towards innovative sink designs that prioritize cleanliness and health in residential, commercial, and public settings.

Restraints/Challenges

  • High Manufacturing Costs Limiting Accessibility to Consumers

High manufacturing costs in the water sink market present a significant challenge, primarily due to the utilization of expensive materials such as natural stone. This results in elevated product prices, limiting accessibility for some consumers and potentially reducing overall market demand. The affordability barrier posed by these costs hampers market growth and expansion.

  • Chances of Cracks and Defects During Heating or Cooling Process

Cracks and defects in sink manufacturing, whether during heating, cooling, or post-installation, pose significant challenges for manufacturers. These issues affect product quality and consumer trust. Persistent concerns about durability and reliability can deter potential buyers, leading to decreased demand and negative impacts on the water sink market's growth and reputation.

This global water sink market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global water sink market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In July 2021, Blanco America, Inc. launched a patented coal-black SILGRANIT color sink, boasting superior strength and durability compared to its counterparts. This innovation enhances options for consumers seeking robust and stylish sink solutions for their kitchens or bathrooms
  • In February 2021,  Moen, a leader in smart water technology, expanded its Moen Smart Kitchen Faucets lineup with more design choices. These additions combine hands-free functionality with elegant styles, providing consumers with both convenience and aesthetic appeal at the sink
  • In January 2020, Nebia and Moen collaborated to launch an innovative spa shower experience, doubling coverage while conserving water. The Nebia by Moen shower promises easy DIY installation, offering consumers a luxurious bathing experience with significant water savings

Global Water Sink Market Scope

The global water sink market is segmented on the basis of of product type, material, distribution channel, applications, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Freestanding Water Sink
  • Pedestal
  • Drop-In
  • Under-Mount
  • Top Mount
  • Wall Mount
  • Others

Material

  • Stainless Steel
  • Copper
  • Quartz
  •  Fireclay
  •  Cast Iron
  • Ceramic
  • Artificial Stone
  •  Others

Distribution Channel

  • Wholesalers
  • Specialized Stores
  • Multibrand Stores
  • Online Retail

Application

  • Household
  • Commercial Applications

End-User

  • Households
  • Hospitality
  • Corporate and Government Offices
  • Educational Institutes

Global Water Sink Market Regional Analysis/Insights

The global water sink market is analyzed and market size insights and trends are provided by of product type, material, distribution channel, applications, and end-user as referenced above.

The countries covered in the global water sink market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the water sink market due to the increasing demand in commercial office spaces. The region benefits from the presence of major players and well-established distribution networks, further consolidating its market leadership.

Europe is the fastest growing region in the water sink market, driven by the expanding water sink industry. This growth is fueled by increasing demand for water sink products and solutions across various sectors within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Water Sink Market Share Analysis

The global water sink market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global water sink market.

Some of the major players operating in the global water sink market are:

  • BLANCO (U.S.)
  • KENT RO SYSTEMS LTD (U.K)
  • Elkay Manufacturing Company (U.S.)
  • Franke Group (Switzerland)
  • Huida Sanitary Ware Co., Ltd. (Malaysia)
  • Julien Inc. (Canada)
  • Kohler Co. (U.S.)
  • present Kraus USA Plumbing LLC. (U.S.)
  • LIXIL Corporation (Japan)
  • Moen Incorporated (U.S.)
  • Mountain Plumbing Products (U.S.)
  • Roca Sanitario S.A.U. (Spain)
  • House of Rohl (U.S.)
  • Schock GmbH (Germany)
  • Stern-Williams (U.S.)
  • Crown Products Ltd, (India)
  • Kohler Co. (U.S.)
  • TOTO LTD (Japan)
  • Duravit AG ( Germany)
  • Oliveri Solutions (Australia)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Water Sink Market size will be worth USD 30.21 billion by 2031 during the forecast period.
The Water Sink Market growth rate is 7.4% during the forecast period.
The Increased Demand for Sinks in Hotels and Resorts, Renovation and Remodelling of Homes and Commercial Buildings are the growth drivers of the Water Sink Market.
The product type, material, distribution channel, applications, and end-user are the factors on which the Water Sink Market research is based.
The major companies in the Water Sink Market are BLANCO (U.S.), KENT RO SYSTEMS LTD (U.K), Elkay Manufacturing Company (U.S.), Franke Group (Switzerland), Huida Sanitary Ware Co., Ltd. (Malaysia), Julien Inc. (Canada), Kohler Co. (U.S.), present Kraus USA Plumbing LLC. (U.S.), LIXIL Corporation (Japan), Moen Incorporated (U.S.), Mountain Plumbing Products (U.S.), Roca Sanitario S.A.U. (Spain), House of Rohl (U.S.), Schock GmbH (Germany), Stern-Williams (U.S.), Crown Products Ltd, (India), Kohler Co. (U.S.), TOTO LTD (Japan), Duravit AG ( Germany), Oliveri Solutions (Australia).
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