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Kitchen Sinks Market Expected to Reach $5.4 Billion by 2034

 
2022
Kitchen Sinks Market

Report Code : A16899

quote The rising investments in the urbanization of developing regions such as the Middle East, Asia-Pacific, Africa, and Latin America are expected to offer lucrative growth opportunities to kitchen sink manufacturers, in the future. quote


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According to a new report published by Allied Market Research, titled, “kitchen sinks market" was valued at $3.6 billion in 2023, and is projected to reach $5.4 billion by 2034, growing at a CAGR of 3.9% from 2024 to 2034.

The rise in the demand for home improvement and home decor products globally is significantly contributing to the kitchen sinks market growth. The rise in the number of restaurants, cafes, hotels, and cloud kitchens has significantly fostered kitchen sinks market demand across the globe. According to the report of the U.S. Department of Agriculture, full-service and fast-food restaurants, the two largest segments of the commercial foodservice market accounted for about 69.3% of all food-away-from-home sales in 2022. With rising urbanization and the growing number of real estate commercial and residential projects in developing nations, the demand for kitchen sinks is expected to boost rapidly during the forecast period. According to the United Nations Conference on Trade and Development in 2010, 51.6% lived in urban areas. By 2022, the share of the urban population increased to 56.9%. It is generally higher in the developed (79.7% in 2022) than in the developing world (52.3%) . 

Moreover, the development of smart kitchen sinks owing to the proliferation of digital technologies is expected to offer lucrative growth opportunities to manufacturers in the forthcoming years. For instance, the Kohler smart kitchen sink offers voice control, while Xiaomi’s Mensarjor kitchen sink offers smart dishwasher integration with high-frequency vibrations for cleaning vegetables and fruits. These advanced developments in the sinks are expected to gain rapid traction among consumers and boost the growth of the global kitchen sinks market in the future. 

According to the kitchen sinks market analysis, the market is categorized on the basis of material, installation, bowl, end user, and region. Depending on the material, it is bifurcated into metal and non-metal. The metal segment is further divided into stainless steel, copper, and others. The non-metal segment is further categorized into granite, fireclay, quartz, and others. By installation, the market is classified into drop-in/top mount, under mount, farmhouse/apron-front, and others. By bowl, the market is categorized into single, double, and multiple. By end user, the market is bifurcated into residential and commercial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

By material, the metal segment dominated the market in 2023 in the kitchen sinks market segmentations. This dominance is attributed to the huge adoption of stainless steel in the production of kitchen sinks. Stainless steel is easily available and various features such as higher strength, longer durability, affordable prices, and versatility are the major factors that make it a convenient option for kitchen sinks market trends. 

By installation, the farmhouse/apron-front is expected to be the fastest-growing segment during the forecast period. Farmhouse/apron-front sinks are large in size and perfectly allow to wash big baking pans and casseroles easily. This is a major factor behind its increasing adoption in households and especially in restaurants, cafes, and cloud kitchens. 

Depending on the bowl, the single segment dominated the market in 2023. A single bowl sink is one, generally large, basin with no divider. Single sinks are ideal for small kitchens because they come in a variety of sizes. They hold the major share of the market. They are offered by brands such as Carysil, Futura, Kaff, Neelkanth, and others. 

On the basis of end user, the commercial segment dominated the market in 2023 and is expected to dominate the market during the forecast period owing to the large usage of kitchen sinks in hotels, restaurants, cafes, schools, hostels, and cloud kitchens. According to the Indian Tourism Statistics by the Ministry of Tourism in India, there has been a rise of around 5% in the number of approved hotels in 2021 in comparison to 2020. 

Region-wise, Asia-Pacific holds the major share of the kitchen sinks market, and the region is expected to dominate the market during the forecast period owing to rapid urbanization and a huge population. The kitchen sinks market is expected to increase during the forecast period owing to a rise in the number of houses coupled with a rise in disposable income. The rise in the real estate industry is expected to boost the market for the region. Along with this, rise in commercial properties such as restaurants, hotels, and hospitals in the region is also expected to drive the growth of the kitchen sinks market opportunities. 

The major players operating in the global kitchen sinks industry include Dornbracht, Duravit AG, Kohler Co., Ruvati, BLANCO America, Inc., Crown Products Limited, Elkay Manufacturing Company, Franke Management AG, Huida Sanitary Ware Co. Ltd., Julien Inc., Delta Faucet Company, Roca Sanitario, S.A., House of Rohl, ACRYSIL Ltd., and Oliveri Solutions. 

Key findings of the study  

  • By material, the non-metal segment is estimated to witness the fastest growth during the forecast period. 

  • By installation, drop-in/top mount segment led the market share in 2023. 

  • Depending on the bowl, the single segment dominated the market in 2023. 

  • By end user, the commercial was the largest segment in the global kitchen sinks market share in 2023.  

  • Region-wise, Asia-Pacific holds the major share of the global kitchen sinks market, and the region is expected to dominate the market during the forecast period. 

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quote Kitchen Sinks Market by Material (Metal, Non-metal) , by Installation (Drop-in or Top Mount, Undermount, Farmhouse or Apron-Front, Others) by Bowl (Single, Double, Multiple) by End User (Residential, Commercial) : Global Opportunity Analysis and Industry Forecast, 2024-2034 quote

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