In 2023, the water sink market is estimated to be valued at US$ 47.22 billion, with expectations to reach US$ 62 billion by 2033. During the forecast period, the adoption of water sinks is anticipated to advance at a CAGR of 2.8%.
The emergence of smart homes has expanded to include sinks, featuring IoT-enabled faucets and sinks that offer touchless controls and allow for water temperature adjustments through voice commands or smartphone apps. This integration enhances convenience and efficiency while promoting water conservation.
With an increasing emphasis on health and environmental consciousness, consumers are seeking sinks made from sustainable materials and free from harmful chemicals. In response, manufacturers are introducing eco-friendly sinks crafted from recycled or biodegradable materials.
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The consumers of today are more inclined to nature-based interior designs that give the perception of a more spacious and authentic look from the inside. Hence, most water sink manufacturers are aiming at creating nature-oriented water sink products for households as well as commercial segments.
For instance, vessel water sinks and traditional farmhouse water sinks have become among the most preferred water sink products among target customers. Hand-carved stone on water sinks provide a splendour touch to the products and provide a lasting impression in the minds of consumers.
As customers are confused while choosing the colours of water sinks, there has been an increase in the preference for monochrome style kitchens and bathrooms, which keep the black and white colours consistent. Matte black is another upcoming colour used in bathroom faucets, hardware as well as water sink products as it provides an overall natural and luxurious look.
Key Takeaways from the Water Sink Market Study
- Consumers want to keep the interiors of their homes looking good to spread positive energy, therefore they maintain the interiors of their kitchens and bathrooms as well to improve comfort and cleanliness.
- As a consequence, installing modernised water sinks in bathrooms and kitchens aids in meeting the varied tastes and requirements of target clients.
- Online platforms provide for the advertising of goods and services as well as their simple delivery to the intended clients, therefore this sales channel is predicted to grow.
- Additionally, it is anticipated that the worldwide market for water sinks would see an increase in sales due to technical improvements in the industry.
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Who is winning?
Leading manufacturers of water sink are focused on aggressive promotional strategies and advertisements that have driven sales growth of water sink globally.
Major players present in the water sink market are
- Blanco America, Inc.
- Crown Products (Kent) Limited
- Elkay Manufacturing Company
- Franke Kitchen Systems, LLC
- Huida Sanitary Ware Co., Ltd.
- JULIEN INC.
- Kohler Co. (Sterling)
- Kraus USA INC.
- LIXIL Corporation (American Standard Brand)
- Moen Incorporated
- Mountain Plumbing Products
- Roca Sanitario, S.A.
- ROHL LLC.
- Schock GmbH
- Stern-Williams Co. Inc.
Global Water Sink Market By Category
By Product Type :
- Drop-in Water Sink
- Pedestial Water Sink
- Top Mount Water Sink
- Undermount Water Sink
- Wallmount Water Sink
- Others
By Base Material :
- Fireclay
- Stainless Steel
- Cast Iron
- Copper
- Quartz
- Others
By End Use :
- Household
- Commercial
- Foodservice
- Healthcare
- Hospitality
- Corporate & Government Offices
- Educational Institutes
- Public Toilets
- Shopping Malls
- Clubs &Resorts
- Others
By Sales Channel :
- Wholesalers/ Distributors
- Specialty Stores
- Multi-brand Stores
- Direct Sales
- Online Retailers
- Other Sales Channel
By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
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