Kitchen Sinks Market size is slated to witness commendable growth between 2023 and 2032, due to the proliferation of home renovation spending. The expansion of hospitality chains, travel recovery, and the rise in construction projects are also major factors driving the production of kitchen sinks and taps.
Based on data from TOPHOTELPROJECTS, in 2022, AC Hotels is aiming to grow its presence in the U.S., with around 65% of its upcoming developments targeted across the country. An integral part of any kitchen, a sink is designed as a bowl-shaped plumbing appliance for dishwashing, handwashing, and other cleaning purposes. Kitchen sink designs come in a range of finishes, including glossy, satin, and anti-scratch, contributing to the cohesive look of the décor.
The growing population and higher disposable incomes, the number of households continues to surge globally. As per the Office for National Statistics, in 2021, there were nearly 28.1 million households in the UK, indicating a rise of 6.3% over the past 10 years. These trends will increase demand for kitchen sinks, due to widespread product applications in restaurants and other commercial kitchens.
Stainless steel is expected to emerge as a popular raw material segment for the kitchen sinks market by 2032, on account of low maintenance, durability, stain- and heat resistance, affordability, and other unique properties. In addition, stainless steel kitchen sinks have antibacterial properties and are mainly sourced from recyclable materials, further promoting their installation in homes and commercial kitchens. Despite the delivery of long-term value, limited color options and susceptibility to water spots may impact sales of stainless steel sinks to some extent.
Kitchen sinks market revenue from the commercial application segment is slated to register substantial revenue by 2032. The mounting expenditure in healthcare construction projects, despite inflation and supply chain constraints, is among the key growth drivers. As per the healthcare construction report from the Federal Reserve Bank of St. Louis, the University of California obtained a USD 500 million donation to boost the construction of a new hospital at the Parnassus Heights campus. Moreover, the strong focus on increasing the number of hotel rooms across the U.S. will further hasten the installation of different types of kitchen sinks in commercial sectors.
From a regional perspective, Europe kitchen sinks market will emerge as a prominent revenue pocket during 2023 to 2032, given the rise in building and construction projects. For example, in 2022, the construction sector was predicted to grow exponentiall/y through the support of fresh investment from the EU recovery fund. Furthermore, in December 2022, the UK government confirmed the 1-year extension of its Mortgage Guarantee Scheme to boost housing development, thereby further promoting kitchen sink installation across Europe.
Some of the prominent players in the kitchen sinks market include Stern-Williams, Schock GmbH, Rohl, LLC (Fortune Brands Home & Security), Julien, Vigo Industries, Huida Sanitary Ware Co. Ltd., Huida Sanitary Ware Co. Ltd., Ruvati USA, Whitehaus Collection, Oliveri Solutions Pty Ltd. (Fletcher Building), Kraus USA, Franke Home Solutions, Elkay, Mountain Plumbing Products, Roca Sanitario S.A. (Roca Corporacion Empresarial, Sa), Shaws of Darwen, Swanstone (American Bath Group, LLC), Moen Incorporated (American Brands, Fortune Brands Home & Security), Crown Products (Kent) Limited, Blanco America (BLANCO GmbH + Co KG), and Kohler Co.), among others. These companies are focusing on product range expansions, among other strategies, to strengthen their presence in the global market.
For instance, in March 2022, BLANCO unveiled 3 BLANCO UNITs to help users streamline the kitchen planning process. These units were designed to configure an efficient kitchen water hub with its portfolio of sinks, accessories, faucets, and organization systems integrated into one seamless solution.
With rapid technological advancement, the introduction of smart kitchen solutions has gained momentum. For instance, in January 2022, Moen unveiled the Smart Faucet with Motion Control, equipped with touchless technology to offer enhanced experiences at the kitchen sinks. The growing popularity of smart home tech, especially IoT-enabled smart sinks with innovative designs, durability, and improved functioning, will add further impetus to kitchen sinks market growth over the years ahead.
The kitchen sinks market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments:
Kitchen Sinks Market, By Material, 2016-2027 (USD Million)
Market, By Product Type, 2016-2027 (USD Million)
Market, By Bowl Type, 2016-2027 (USD Million)
Market, By End Use, 2016-2027 (Units, USD Million)
The above information has been provided on a regional and country basis