NEW YORK, Sept. 2, 2022 /PRNewswire/ — The global kitchen sinks market size is expected to grow by USD 533.96mn 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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Vendor Landscape
The kitchen sinks market is fragmentedwith 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
- 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 doo
- Kraus USA Inc.
- Moen Inc.
- Roca Sanitario SA
- Ruvati
- Schock GmbH
- TEKA INDUSTRIAL SA
- VIGO INDUSTRIES LLC.
- Whitehaus Collection
- Zuhne
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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 |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.37% |
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Market growth 2022-2026 |
USD 533.96 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.84 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
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