Kitchen Sinks Market Size was Valued at $3.3 Billion in 2021, to Hit $4.9 billion by 2031 with 4.3% Annual Growth

According to a new report published by Allied Market Research, titled, "Kitchen Sinks Market Size, Share, Competitive Landscape and Trend Analysis Report, by Material, By Installation, By Bowl, By End User : Global Opportunity Analysis and Industry Forecast, 2022-2031" The kitchen sinks market size was valued at $3.3 billion in 2021, and is estimated to reach $4.9 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.alliedmarketresearch.com/request-sample/17277

The rise in the demand for home improvement and home décor 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 food service market accounted for about 70.5% of all food-away-from-home sales in 2021. 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 United Nations Conference on Trade and Development in 2010, 51.6% lived in urban areas. By 2020, the share of the urban population increased to 56.2%. It is generally higher in the developed (79.2% in 2020) than in the developing world (51.6%).

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 is expected to gain rapid traction among consumers and boost the growth of the global kitchen sinks market in the foreseeable 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.

As per the kitchen sinks market forecast, based on the material, the metal segment dominated the market, accounting for 81.6% of the kitchen sinks market share in 2021. 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 an idle option for kitchen sinks.

As per the kitchen sinks market trends, based on the 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 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.

𝐅𝐋𝐀𝐒𝐇 𝐒𝐀𝐋𝐄 (𝐓𝐢𝐥𝐥 𝟐𝟓𝐭𝐡 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒) 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐥𝐢𝐧𝐤 @https://www.alliedmarketresearch.com/checkout-final/1071faf6dc1ee51d12ed9586cfb145b9

Depending on the bowl, the single segment dominated the market in 2021. 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. It is offered by brands like Carysil, Futura, Kaff, Neelkanth, and others.

As per the kitchen sinks market opportunities, on the basis of end user, the commercial segment dominated the market in 2021 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 India, there is 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 global kitchen sinks market, accounting for 34.77% of the revenue share in 2021 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 like restaurants, hotels, and hospitals in the region is also expected to drive the growth of the market.

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:-

> The global kitchen sinks market size was valued at $3,275.6 million in 2021, and is estimated to reach $4,908.2 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
> By material, the non-metal segment is estimated to witness the fastest growth, registering a CAGR of 5.0% during the forecast period.
> In 2021, depending on end user, the commercial segment was valued at $2,336.8 million, accounting for 71.3% of the global kitchen sinks market share.
> In 2021, the U.S. was the most prominent market in North America, and is projected to reach $744.6 million by 2031, growing at a CAGR of 3.8% during the forecast period.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐀𝐬𝐤 𝐎𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭𝐬) @https://www.alliedmarketresearch.com/purchase-enquiry/A16899

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

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○ Water Heater Market is projected to reach $48,519 million by 2025
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○ Pizza Oven Market is projected to reach $3 billion by 2031
https://www.alliedmarketresearch.com/pizza-oven-market-A53686

○ Japan Household Appliance Market is expected to reach $27,979.0 million by 2025
https://www.alliedmarketresearch.com/japan-household-appliance-market

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