Kitchen Sinks Market to Record a CAGR of 3.37% CAGR, Growing Global Residential Building Construction Market to Drive Growth - Technavio

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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Vendor Landscape

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

  • 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
  • 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

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.37%

Market growth 2022-2026

USD 533.96 million

Market structure

Fragmented

YoY growth (%)

2.84

Regional analysis

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

Competitive landscape

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

Market dynamics

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.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer Discretionary Market Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Residential - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Residential - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Residential - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Residential - Year-over-year growth 2021-2026 (%)
  • 5.4 Commercial - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 BLANCO GmbH and Co. KG
    • Exhibit 89: BLANCO GmbH and Co. KG - Overview
    • Exhibit 90: BLANCO GmbH and Co. KG - Product / Service
    • Exhibit 91: BLANCO GmbH and Co. KG - Key offerings
  • 10.4 Dornbracht AG and Co. KG
    • Exhibit 92: Dornbracht AG and Co. KG - Overview
    • Exhibit 93: Dornbracht AG and Co. KG - Product / Service
    • Exhibit 94: Dornbracht AG and Co. KG - Key news
    • Exhibit 95: Dornbracht AG and Co. KG - Key offerings
  • 10.5 FRANKE Holding AG
    • Exhibit 96: FRANKE Holding AG - Overview
    • Exhibit 97: FRANKE Holding AG - Business segments
    • Exhibit 98: FRANKE Holding AG - Key news
    • Exhibit 99: FRANKE Holding AG - Key offerings
    • Exhibit 100: FRANKE Holding AG - Segment focus
  • 10.6 Kohler Co.
    • Exhibit 101: Kohler Co. - Overview
    • Exhibit 102: Kohler Co. - Product / Service
    • Exhibit 103: Kohler Co. - Key news
    • Exhibit 104: Kohler Co. - Key offerings
  • 10.7 Kraus USA Inc.
    • Exhibit 105: Kraus USA Inc. - Overview
    • Exhibit 106: Kraus USA Inc. - Product / Service
    • Exhibit 107: Kraus USA Inc. - Key news
    • Exhibit 108: Kraus USA Inc. - Key offerings
  • 10.8 Moen Inc.
    • Exhibit 109: Moen Inc. - Overview
    • Exhibit 110: Moen Inc. - Product / Service
    • Exhibit 111: Moen Inc. - Key offerings
  • 10.9 Roca Sanitario SA
    • Exhibit 112: Roca Sanitario SA - Overview
    • Exhibit 113: Roca Sanitario SA - Product / Service
    • Exhibit 114: Roca Sanitario SA - Key offerings
  • 10.10 Ruvati
    • Exhibit 115: Ruvati - Overview
    • Exhibit 116: Ruvati - Product / Service
    • Exhibit 117: Ruvati - Key news
    • Exhibit 118: Ruvati - Key offerings
  • 10.11 TEKA INDUSTRIAL S.A.
    • Exhibit 119: TEKA INDUSTRIAL S.A. - Overview
    • Exhibit 120: TEKA INDUSTRIAL S.A. - Product / Service
    • Exhibit 121: TEKA INDUSTRIAL S.A. - Key offerings
  • 10.12 VIGO INDUSTRIES LLC.
    • Exhibit 122: VIGO INDUSTRIES LLC. - Overview
    • Exhibit 123: VIGO INDUSTRIES LLC. - Product / Service
    • Exhibit 124: VIGO INDUSTRIES LLC. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 125: Inclusions checklist
    • Exhibit 126: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 127: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 128: Research methodology
    • Exhibit 129: Validation techniques employed for market sizing
    • Exhibit 130: Information sources
  • 11.5 List of abbreviations
    • Exhibit 131: List of abbreviations
About Technavio

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