The global water sink market is experiencing a significant growth, and is expected to grow considerably in the next few years. Water sink popularly known as hand basin or washbowl is a bowl-shaped fixture, mainly fixed in kitchens for dishwashing and in bathrooms for washing hands and other purposes. Water sinks have taps attached with the main water pipeline to supply hot or cold water according to the consumer preferences included with drain to remove used water. Sinks are available in many different materials and designs according to place of their usage such as kitchen, bathroom, or open place.
COVID-19 Scenario Analysis:
Corona virus has spread all over the world and most countries are adopting lockdown measures to control the spread of the virus and securing public health. The impact of corona can be seen in everything from dining tables to the economy. All business and production activities are fully shut down except necessary ones such as food and medical sector, leading toward economic crisis in the country. Manufacturing and production functions are stopped, which has slowed down businesses and inactive trade and transportation has fully disrupted the supply chain, owing to which companies can face big losses in the future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rapid growth in the residential and construction industry can be seen, owing to increase in population and disposable income that changed living pattern consumers. In addition, shift from joint families to nuclear family has led to increase in number of houses, which is directly proportional to rise in use of sinks. Moreover, consumers are now more concerned about home decor and pay much attention on sinks to change look of their bathrooms or kitchens, which, in turn, propels demand for it globally. There is also a witnessing growth in hotels and restaurant constructions that have increased demand for stylish and high-quality sinks, which further boosts growth of the water sink market.
The global water sink market trends are as follows:
Innovations in bathroom sinks
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Smart technology has made its way from our phones to our bathrooms. Now companies have launched bathroom water sinks that can be controlled with smart technology. These smart sinks have a display screen that shows temperature of water as well as amount of water used in view of encouraging water conservation. Other kinds of sinks are touch free with fewer points of contact that helps to inhibit growth of germs.
Innovation in kitchen sinks
Motion sensing faucets are trending in private residential kitchen, where it can provide convenience to children and people who forget to close taps as it can be activated by a touch that helps in maintaining hygiene and encourages water conservation at the same time.
Key Benefits of the Report:
- This study presents the analytical depiction of the global water sink industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global water sink market share.
- The current market is quantitatively analyzed to highlight the global water sink market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global water sink market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the water sink Market Research Report:
- Who are the leading market players active in the water sink market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the water sink market?
- What are the projections for the future that would help in taking further strategic steps?
Water Sink Market Report Highlights
| Aspects | Details |
 By Type |
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 By Material |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | JULIEN Inc., Crown Products Limited, Roca Sanitario S.A., Franke Kitchen Systems LLC., Kohler Co., Moen Incorporated, ROHL LLC., Elkay Manufacturing Company, LIXIL Corporation, Huida sanitary Ware Co. Ltd. |
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