Press release
Water Sink Market Leading Key Players | Franke Kitchen Systems, LLC,Blanco America, Inc. (Delaware Corporation),Elkay Manufacturing Company,Moen Incorporated
The water sink market is likely to witness immense growth in the coming years due to the increasing demand for new and upgraded water sinks with functionalities offering convenience and ease of use. According to the latest report by Persistence Market Research (PMR), the water sink market is projected to bring in US$ 52,977.5 million by the end of 2027.With new construction projects with better interiors and desire of the consumer to maintain attractiveness of interior is leading to the demand for new water sinks with versatile design, color, and materials. This is driving manufacturers in the water sink market to develop new sinks for bathrooms and kitchens to meet varying customer preferences and needs.
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Product quality and design is the key focus area of manufacturers. Being a basic component and necessity in Kitchen, manufacturers in water sink market are focusing on developing stainless steel water sinks owing to various advantages such as corrosion resistance, affordability, easy to clean, recyclability, and durability. Meanwhile, consumers prefer various types of water sinks for bathroom including undermount sink, self-rimming sink, vessel sink, wall hung sink, and vanity bathroom tops, these are some of the high preferred bathroom water sinks.
With advancement in technology and use of smart devices, manufacturers in the water sink market are also focusing on making smart water sinks equipped with sensors and touch technology. The most common feature offered is sensor-based on and off system that allows the water to flow and stop by detecting the object placed under the tap. Other technologies include water temperature control and one touch system.
Increasing customer inclination towards nature inspired colors, designs and materials, leading to more authentic look is resulting in the growing demand for water sinks made using natural materials with better color options. Water sinks made using hard stone are gaining popularity and are also offered by manufacturers in water sink market in a wide variety of shapes, colors, style, size and designs. Marble and onyx are also used on a large scale as natural materials to design water sinks.
Company Profiles :
•Franke Kitchen Systems, LLC
•Blanco America, Inc. (Delaware Corporation)
•Elkay Manufacturing Company
•Moen Incorporated
•Crown Products (Kent) Limited
•Roca Sanitario, S.A.
E-Commerce Platform to Emerge as Largest Sales Channel in Water Sink Market
With the growing popularity of online and e-commerce platforms offering various products and services, majority of people are buying products and services online. Manufacturers in water sink market are also focusing on providing water sinks online through e-commerce platforms. Meanwhile, some of the leading manufacturers in water sink market have also launched their own online store to sell the product along with various options including a wide variety of designs, colors and materials for customers to select from.
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High Preference for Farmhouse Water Sinks by Customers in Water Sink Market
In the last few years, the demand for farmhouse water sink also known as apron sinks has grown significantly in the water sink market. Owing to more deep capacity and cleaning efficiency, farmhouse water sinks are increasingly becoming the part of modern living. Stainless steel farmhouse water sinks are a highly preferred choice of designers and architects, especially in kitchen design, moreover, easy to clean, makes stainless steel first choice for customers looking for strict hygienic conditions.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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