Water Sink Market Trends

Global Water Sink Market Overview

Water Sink Market Size was valued at USD 51.3 Billion in 2023. The Water Sink Industry is projected to grow from USD 53.35 Billion in 2024 to USD 73.02 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.00% during the forecast period (2024 - 2032). Monochromatic water sinks are becoming more and more necessary in both residential and business settings, and people all around the world are becoming more and more interested in natural-inspired interior designs are the key market drivers accelerating market expansion.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Water Sink Market Trends

•  Growth of hotels and restaurants is driving the market growth

The market for CAGR for water sinks is being driven by the growth of hotels and restaurants. A person who is obese has an abnormally high level of fat in their body, which could be the term "water sink" is used to describe a bowl-shaped fixture that is typically used in bathrooms and kitchens for hand washing and other functions. Water sinks have taps connected to the main water pipeline to deliver hot or cold water based on user preferences, along with a drain to dispose used water. According to the location they will be used, such as a kitchen, bathroom, or open space, sinks come in a wide variety of materials and designs.

Additionally, due to consumer lifestyle changes brought on by population growth and increased disposable income, the residential and construction industries have experienced rapid growth. The number of homes has also increased as a result of the transition from nuclear to single-family households, which is directly related to an increase in sink usage. In addition, customers are now more concerned with home décor and give sinks a lot of thought when updating the appearance of their bathrooms or kitchens, which in turn drives demand for it ly. The number of hotels and restaurants being built is expanding, which has increased demand for fashionable, high-quality sinks and is helping the water sink market grow.

A few of the inventions include motion-activated sinks, various convertible shapes, like a wine glass and an electric guitar, that turn the kitchen island into a picturesque landscape and have a sink that runs along its length like a river, among others. A number of kitchen sink technologies are available from GROHE Limited, for instance. The products are composed of superior-quality stainless steel and have GROHE Whisper technology, which reduces bowl noise, and the GROHE QuickFix system, which facilitates simple installation. A greater number of people now have the means and desire to make improvements to their homes in order to make them more opulent and fashionable as homeownership rates rise.

For instance, in accordance with a CoreLogic analysis released in September 2020, U.S. homeowners increased their wealth by USD 9,800 at the end of the second quarter of that year, or 6.6%. Renovations to the kitchen provide homeowners the chance to stay current with design trends as well as customize the area to meet their own demands. Thus, result in driving the Water Sink market revenue.

Water Sink Market Segment Insights

Water Sink Product Type Insights

The Water Sink market segmentation, based on Product Type includes Drop-In, Pedestal, Top-Mount, Under Mount, and Wall Mount. The wall mount segment dominated the market. The factors driving the rise in demand for distinctive and enticing water sinks in both residential and commercial applications are boosting this market's growth.

Water Sink Base Material Insights

The Water Sink market segmentation, based on Base Material, includes Ceramic Water Sinks, Stainless Steel Water Sinks, and Artificial Stone Water Sinks. The ceramic water sinks category generated the most income. The requirement for this market segment is being driven by the factors that may be ascribed to the growth in demand for attractive-looking ceramic water sinks in various forms and qualities.

Water Sink End-User Insights

The Water Sink market segmentation, based on End-User, includes Households, Hospitality, Corporate & Government Offices, Educational Institutes, and Others. The household’s category generated the most income. The elements that contribute to the continuously expanding construction and infrastructure sector are boosting demand for this market segment.

Figure 1:  Water Sink Market, by End-User, 2022&2032 (USD Billion)

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Water Sink Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Water Sink market area will dominate this market, The market in the region of North America will experience growth due to factors such the rising need for commercial office space, the presence of major players, the distribution, and current projects.

Further, the major countries studied in the market report are the US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure 2: WATER SINK MARKET SHARE BY REGION 2022 (USD Billion)

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe Water Sink market represents the second-largest market share. Over the course of the projected period, the region's demand for smart kitchen equipment will increase due to the growing number of hotels. Further, the German Water Sink market held a dominant market share, and the UK Water Sink market was the European region's fastest-growing market.

The Asia-Pacific Water Sink Market is anticipated to see the fastest CAGR between 2023 and 2032. Rapid urbanization and increasing levels of disposable income in developing nations have fueled house remodeling projects. Moreover, China’s Water Sink market held a dominant market share, and the Indian Water Sink market was the Asia-Pacific region's fastest-growing market.

Water Sink Key Market Players& Competitive Insights

Leading market players are putting a lot of money on R&D to increase the number of products they offer, which will drive the water sink industry to expand even more. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other businesses. To grow and endure in an increasingly competitive and challenging market environment, Water Sink industry must provide reasonably priced goods.

One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the Water Sink industry to develop the market sector and provide benefits to customers. In recent years, the Water Sink industry has provided the hotel business with some of the most important benefits. Major players in the Water Sink market, including Kohler Co. (Sterling), Franke Kitchen Systems, LLC, Elkay Manufacturing Company, Moen Incorporated, Crown Products (Kent) Limited, Whitehaus Collection, and others, invest in operations for research and development in an effort to improve market demand.

Kohler Co. was established in 1873 and is headquartered in Kohler, Wisconsin. John Michael Kohler was the founder. While the firm also produces furniture, cabinets, tiling, engines, and generators, Kohler is best recognized for its plumbing supplies. Destination Additionally, Kohler is a landowner in Scotland and the US, owning a number of hotels. Clarke Energy, based in the UK and an expert in the engineering, building, installation, and upkeep of engine-based power plants, was acquired by Kohler Co. in February 2017 from its management group and ECI Partners. Clarke Energy is also a distributor of GE reciprocating engines in 19 different nations. In January 2020, In order to resolve allegations that their small engines violated the Clean Air Act and California law, Kohler agreed to pay $20 million to the US Department of Justice, the EPA, and the state of California.

Elkay Manufacturing Company in 1920 with the goal of hand-crafting German silver sinks and delivering them to Chicago, Elkay Manufacturing Company now produces quality stainless steel sinks, plumbing, drinking fountains, bottle fillers, and branded commercial interiors. Elkay is currently the biggest stainless steel sink firm in America and is still privately held by the founding family. Elkay employs 3,500 people worldwide. Elkay now produces a wider range of goods, such as sinks, faucets, water refrigerators, drinking fountains, water container fillers, and home and business-use kitchen and bath items. In March 2020, Ron Katz, chairman of the board, announced his retirement through Elkay. Tim Jahnke, a former CEO and president, was chosen as his replacement.

Key Companies in the Water Sink market include

• Kohler Co. (Sterling)


• Franke Kitchen Systems, LLC


• Elkay Manufacturing Company


• Moen Incorporated, Crown Products (Kent) Limited


• Whitehaus Collection


• Roca Sanitario, S.A.


• LIXIL Corporation (American Standard Brand)


• Huida Sanitary Ware Co., Ltd.

Water Sink Industry Developments

August 2021 Acrysil announced an expansion in the production of 160,000 quartz sinks annually through a greenfield site in Gujarat's Bhavnagar. As a result, the total capacity is doubled to 1 million sinks annually. The estimated capital expenditure comprises a USD 4.9 million (Rs 38 crore) investment.

April 2021 IKEA Supply AG (Switzerland) and Acrysil formed a strategic partnership to produce and supply composite quartz kitchen sinks in response to IKEA's needs.

March 2020 The epiGranite range of kitchen sinks from Ruvati USA now comes in a new color option. The new color, called Midas Yellow, was inspired by the famed Ferrari sports car made in Italy.

Water Sink Market Segmentation

Water Sink Product Type Outlook

• Drop-In


• Pedestal


• Top-Mount


• Under Mount


• Wall Mount

Water Sink Base Material Outlook

• Ceramic Water Sinks


• Stainless Steel Water Sinks


• Artificial Stone Water Sinks

Water Sink End-User Outlook

• Households


• Hospitality


• Corporate & Government Offices


• Educational Institutes


• Others

Water Sink Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America