Modern kitchens provide complete solutions with compact systems for cooking, washing, and to take care of other needs of the kitchen. One of the fast-growing kitchen products is the sink. Many houses prefer to have the conventional sink made of natural stone outside the house and the modern sink in the kitchen. Kitchen sinks are available in stainless steel, cast iron, solid surface, composites, and natural stones. The sinks come with glossy, satin, or anti-scratch finishes. These days, sinks are not just single bowls with a drain tray, they come with two or three bowls, vegetable bowls, strainers, guards, drain kits, faucet, soap dispenser, and even garbage disposer. Some of the latest entrants in the market have sensors as well.
Kitchen Sinks Market: Drivers and Restraints
Currently, value-additions with kitchen sinks include provision for storing the segregated waste beneath the sink, separate bowls to wash the vessels and the food items, facility to attach the sink to a dish washer or a garbage disposer, noise damper, and waste crusher. Stainless steel sinks are the most sold sinks in the overall market. Acrylic sinks are also growing at a good pace. Steel sinks with enamel tops form the luxury segment.
Delivery schedule pressures in multi-storeyed apartments, labor shortage to install the conventional sinks, space constraints, and smaller utility and store spaces in the kitchen are some of the key restraints of kitchen sinks market. Sales of stainless steel sinks are rising due to versatility of installation types. They are also less expensive as compared to other materials and the most commonly used.
The major drivers of kitchen sinks market are rising construction of buildings leading to the need for kitchen sinks and increasing focus on standard of living. The market growth might be restricted due to expensive mount kitchen sinks.
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Kitchen Sinks Market: Key Segments
The global kitchen sinks market has been segmented on the basis of installation type into Top Mount, Undermount, Apron Front, and Free Standing.
The global kitchen sinks market has been further segmented on the basis of number of basins. There are various kinds of kitchen sinks with one or multiple basins. A single bowl sink has just one basin. Single basin sinks are also available in compact sizes, which makes them ideal for situations where space is at a premium. Cleaning a single bowl kitchen sink is faster due to fewer corners and edges. Single bowl models are usually cheaper as compared to the other bowl varieties. Double bowl sinks are available in a wide range of configurations such as two equally-sized bowls of the same depth, two equal bowls of varied depths, unequal size bowls, etc. Most modern kitchen sinks have two bowls. In most cases, a double basin arrangement is ideal because of the flexibility it offers the user.
In the region wise study, the global kitchen sinks market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America and APAC dominate the global kitchen sinks market. This region accounted for major share of the kitchen sinks market due to the rising housing construction activities. Germany and Italy are the pioneers in kitchen solutions; however, several other imported and domestic brands are also available in the market. The market in Asia Pacific which comprises China, India, Japan, and Australia showed the fastest growth rate during the forecast period due to the high disposable income. Additionally, consumers are looking for the charm of older homes with the technologies and convenience of a modern home.
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Kitchen Sinks Market: Key Players
The kitchen sinks market is comprised of several key players. Some of the key participants include Acrysil, AGA, Alveus, Astracast, Baekjo, BLANCO, Bonke, Elkay, Franke, JOMOO, Kohler, Moen, Oliveri, OULIN, Primy, Reginox, Schock, SONATA, and Teka.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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