Water Sink Market By Product Type (Drop-in, Pedestial, Top Mount, Undermount, Wallmount & Others), Base Material (Fireclay, Stainless Steel, Cast Iron, Copper, Quartz and Others), End Use (Household & Commercial), Sales Channel & Region - Forecast to 2013 - 2027
Water Sink Market - Analysis, Outlook, Growth, Trends, Forecasts
- January 2022
- 300 pages
- Consumer Product
Water Sink Market Overview
[300 pages Report] The water sink market is estimated at US$ 45.9 Bn in 2022 and is projected to reach US$ 52.9 Bn by 2027, at a CAGR of 2.5% from 2013 to 2021. Share of water sink market in its parent market (kitchen fixtures market) is close to 30%-35%.
Estimated Water Sink Market Size 2022
US$ 45.9 Bn
Projected Water Sink (2027) Market Size
US$ 52.9 Bn
Value CAGR (2022-2027)
Water Sink Market Top Players Share in 2021.
Key Points Covered In Water Sink Market Survey
- Water sink market estimates and forecast 2013-2027
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Water Sink Market and How to Navigate
- Recommendation on Key Winning Strategies
2013-2021 Global Water Sink Market Outlook Compared To 2022-2027 Forecast
The water sink market has come a long way over the past couple of decades. The market has witnessed tremendous evolution in terms of the quality of products as well as new product offerings that are easily adapted to the current trends and preferences of target customers.
Increase in the per capita income and the growing desire of consumers to maintain the attractiveness as well as the comfort of their households has created a trend as per which consumers opt for the display of their water sinks as per their preferences.
This element has aided the water sink market's expansion into previously untouched markets. Mixed metals, for example, are utilized in the manufacturing of a variety of water sink items.
In kitchens and bathrooms, water sinks with new mixed brass fixtures, chrome fixtures, or mixed brushed nickel and polished nickel fixtures provide an authentic aesthetic. Similarly, the water sink market has seen distinct trends in recent years in a variety of ways.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Farmhouse Water Sinks Are Being Considered The New Preferred Choice Of Target Customers
Over the past couple of years, the water sink market has witnessed a gradual increase in the demand for traditional farmhouse water sinks in the household sector. Customers these days prefer bigger, single-basin farmhouse water sinks, which, according to them, provide a perfect blend of beauty and simplicity.
Moreover, farmhouse water sinks easily adapt to the various types of kitchen and bathroom designs trending in the market. Hence, there has been an increase in the demand for farmhouse water sinks from households as well as commercial sectors such as the hospitality, healthcare and foodservice industries.
The Adoption Of Natural Colors And Nature-Inspired Prints Is Setting New Trends In The Water Sink Market
Over the past couple of years, companies in the water sink market are following a more environmental-friendly approach, which entails the incorporation of warm and natural elements as well as earthen luxury components, especially in the household and hospitality sectors.
Consumer are now looking for materials that are derived from nature or those that mimic the sight of nature. This makes kitchens as well as bathrooms look attractive and spacious. The warmth of wooden surfaces of water promotes a natural touch to household interiors.
Restraints To Stunt Market Growth
Various cookware and bathroom ware products from well-known brands come with a 10-year warranty. This could result in an inventory overhang and reduce a company's manufacturing capacity.
In addition, due to high labor costs, consumers are less likely to repair bath fittings. As a result, the low replacement rate of bath fittings is a major factor limiting the worldwide water sink market's growth in terms of volume sales.
Water Sink Market - Country-Wise Insights
Will the Demand for Water Sink Market Increase in US?
North America is expected to remain one of the key markets, accounting for majority of market share whereas U.S. is expected to hold a significant CAGR of 2.3% during forecast period.
Water use at home in the United States (water from the tap, toilet, dishwasher, etc.) amounts to around 138 gallons per household per day, or 60 gallons per person per day, according to the Water Footprint Calculator. Americans, on the other hand, utilize water throughout their homes, with the bathroom being the most popular, followed by the laundry room.
Hence, the high utilization of water in the bathrooms, laundry rooms etc. is expected to increase the demand for high capacity water sink in the country.
Will Innovative Water Sink Designs in Russia Boost the Sales?
Russia is expected to hold a significant CAGR of 4.0% during forecast period. The market in the country is growing due to the increasing acceptance of various designed and printed water sinks across a variety of commercial applications.
Because of its enormous population, Europe dominates the water sink market. Russia, on the other hand, holds a prominent share in the water sink market because it produces a multi-faceted commodity in the shape of many stainless steel kinds, expanding international trade beyond the region. Moreover, dishwashing accounts for more than half of the tap water used in European kitchens.
Will Demand for Water Sink Business in India Continue to Grow?
Water sink sales in India are expected to register a CAGR of approximately 4.4% from 2022 to 2027. The Indian government is organizing various programs and activities to encourage people to drink clean and safe tap water, which is raising awareness among Indians.
The Government of India, for example, implemented the Jal Jeevan Mission-Har Ghar Jal, which intends to provide potable water in sufficient quantity and of prescribed quality to every rural household in the country, including tribal areas, through regular and long-term tap water connections by 2024. As a result of these activities, the water sink demand across the country is likely to increase.
Water Sink Market - Category-Wise Insights
Which Product Type is expected to dominate the Water Sink Market?
In terms of product type, drop-in water sink is expected to register a CAGR of 3.7% during the forecast period. Sink basins which are been installed on top of the kitchen counter are known as drop-in water sinks, self-rimming sinks, overmount sinks, or top-mount sinks. They're often less expensive to purchase as compared to undermount sinks.
Which Base Material of Water Sink holds the Maximum Share in the Market?
On the basis of base material, stainless steel water sink are expected to increase at a CAGR of 3.2%. Stainless steel sink is the most popular base material owing to its characteristics such as corrosion resistance, fire and heat resistance, hygiene, strength to weight advantage, ease of fabrication, impact resistance, antibacterial value, and long-term value.
Which End Use is expected to dominate the Water Sink Market?
In terms of end use, commercial segments such as (hotels, schools, government offices, hospitals etc.) are expected to register a CAGR of 5.0% during the forecast period. Due to increase in urbanization and industrialization, commercial establishments have started maintaining spacious and attractive properties. As a result, they strive to keep their washrooms clean and environment-friendly.
In addition, the commercial segment, which comprises of offices, resorts as well as the hotel industry, look out ways to promote creativity in these areas. Hence, there is a increase in the demand for upgraded versions of water sink products such as top-mount water sinks, under mount water sinks as well as wall mount water sinks.
Water Sink Market - Competitive Landscape
Leading players operating in the global water sink market are focusing on product launch, partnerships, promotional activities, and other strategies in order to expand their business globally.
- In March 2021, Blanco America, Inc. introduced coal black SILGRANIT Color, patented material sink claimed to be stronger and more durable as compared to other sinks. The product incorporates SILGRANIT’s Hygenic Plus surface formula that acts as a shield against bacteria and dirt and is capable of reducing bacterial growth by upto 98%
Scope Of Report
Historical Data Available for
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa.
Key Segments Covered
Product Type, Base Material, Sales Channel, and Region.
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
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
By Base Material :
- Stainless Steel
- Cast Iron
By End Use :
- Corporate & Government Offices
- Educational Institutes
- Public Toilets
- Shopping Malls
- Clubs &Resorts
By Sales Channel :
- Wholesalers/ Distributors
- Specialty Stores
- Multi-brand Stores
- Direct Sales
- Online Retailers
- Other Sales Channel
By Region :
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa