NEW YORK, Sept. 2, 2022 /PRNewswire/ -- The global kitchen sinks market size is expected to grow by USD 533.96 mn from 2021 to 2026, according to Technavio. Moreover, the growth momentum of the market will accelerate at a CAGR of 3.37% during the forecast period.
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The kitchen sinks market is fragmented, with the presence of multiple established players. Vendors are deploying organic and inorganic growth strategies to compete in the market. Key players compete on the basis of quality, brand, and variety. Companies adopt various marketing strategies to expand their market share. The leading competitors are entering into several partnerships and acquiring new brands to maintain their presence in the global kitchen sinks market during the forecast period. The practice of sustainability is essential for future production and is followed by major and other prominent vendors. Many global players are expected to expand their presence across the world during the forecast period.
Major Kitchen Sinks Companies
BLANCO GmbH and Co. KG
Dornbracht AG and Co. KG
Elkay Manufacturing Co.
Fletcher Building Ltd.
FRANKE Holding AG
Futura Kitchen sinks Ind Pvt Ltd.
JOMOO Kitchen and Bath Co. Ltd.
Kovinoplastika Loz d.o.o.
Kraus USA Inc.
Roca Sanitario SA
TEKA INDUSTRIAL S.A.
VIGO INDUSTRIES LLC.
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Market Driver and Challenge
The growing global residential building construction market is driving the growth of the market. The global residential building construction market is expected to reach USD 7 trillion by 2023. APAC is the major contributor to the global residential building construction market owing to rapid urbanization and increasing disposable income. People are investing in houses, as they are considered long-term assets. As rent is a non-detectible expense, house owners can rent their houses. This, in turn, will support the kitchen sinks market growth during the forecast period.
Fluctuations in raw material prices are challenging the growth of the kitchen sink market. Most of the raw materials are sourced goods. They are obtained on the basis of purchase orders. Any changes in the price of raw materials can negatively impact the production cost of kitchen sinks. A rise in material costs will result in a rise in production costs, which can increase the price of kitchen sinks. The high prices of materials can result in a reduction in sales, which affects the profit margins of vendors. In addition, the need for constant maintenance and support raises the overall cost of ownership, which lowers the profit margins of vendors. Such factors can hinder the growth of the kitchen sinks market during the forecast period.
Kitchen Sinks Market End-user Outlook (Revenue, USD mn, 2021-2026)
Residential - size and forecast 2021-2026
Commercial - size and forecast 2021-2026
Kitchen Sinks Market Geography Outlook (Revenue, USD mn, 2021-2026)
North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
APAC - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026
South America - size and forecast 2021-2026
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Kitchen Sinks Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.37%
Market growth 2022-2026
USD 533.96 million
YoY growth (%)
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 34%
Key consumer countries
US, China, Japan, UK, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Acrysil Ltd., BLANCO GmbH and Co. KG, Dornbracht AG and Co. KG, Elkay Manufacturing Co., Fletcher Building Ltd., FRANKE Holding AG, Futura Kitchen sinks Ind Pvt Ltd., JOMOO Kitchen and Bath Co. Ltd., JULIEN Inc., Kohler Co., Kovinoplastika Loz d.o.o., Kraus USA Inc., Moen Inc., Roca Sanitario SA, Ruvati, Schock GmbH, TEKA INDUSTRIAL S.A., VIGO INDUSTRIES LLC., Whitehaus Collection, and Zuhne
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Residential - Market size and forecast 2021-2026
5.4 Commercial - Market size and forecast 2021-2026
5.5 Market opportunity by End-user
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 Germany - Market size and forecast 2021-2026
7.12 Japan - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 BLANCO GmbH and Co. KG
10.4 Dornbracht AG and Co. KG
10.5 FRANKE Holding AG
10.6 Kohler Co.
10.7 Kraus USA Inc.
10.8 Moen Inc.
10.9 Roca Sanitario SA
10.11 TEKA INDUSTRIAL S.A.
10.12 VIGO INDUSTRIES LLC.
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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