Kitchen Sinks Market Share, Size, Trends, Industry Analysis Report, By Number of Bowls (Single, Double, Multi), By Material (Metallic, Granite, Others), By Region, And Segment Forecasts, 2023 - 2032

Kitchen Sinks Market Share, Size, Trends, Industry Analysis Report, By Number of Bowls (Single, Double, Multi), By Material (Metallic, Granite, Others), By Region, And Segment Forecasts, 2023 - 2032

The global kitchen sinks market size is expected to reach USD 5.30 billion by 2032, according to a new study by Polaris Market Research. The report “Kitchen Sinks Market Share, Size, Trends, Industry Analysis Report, By Number of Bowls (Single, Double, Multi), By Material (Metallic, Granite), By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

As consumers seek more sophisticated and aesthetically appealing living spaces, the demand for well-furnished kitchens with modern equipment and facilities has grown. This trend has led to a heightened demand for water sinks in the market, as homeowners are increasingly remodeling their traditional kitchens to incorporate contemporary amenities. These factors collectively contribute to the rising demand for new and improved kitchen sinks in recent times. COVID-19 pandemic has notably impacted the building sector, resulting in an increased need for kitchen sinks. Moreover, the global business sector, particularly hotels & restaurants, has played a significant role in driving product demand worldwide.

The 2021 Houzz & Home survey revealed a notable shift in homeowners' attitudes towards house renovations during the pandemic. With people confined to their homes, the percentage of those who desired to undertake a renovation but lacked the time increased by six points in 2020, reaching 44% compared to 38% in 2019. This desire for renovations remained the most common reason for wanting to improve their homes. Furthermore, the demand for renovation activities also surged, as more homeowners finally had the financial means and opportunity to invest in upgrading their living spaces. The combination of increased free time and improved financial stability during the pandemic has driven a significant rise in the demand for house renovations across various households.

Additionally, a considerable proportion of homeowners (25%) opted for remodeling instead of relocating to find a property that matched their preferences, mainly because it proved to be a more cost-effective choice. Interestingly, the percentage of homeowners who engaged in remodeling to accommodate their evolving lifestyle changes only saw a modest increase of two points from 2019 to 2020 (18% versus 16% in 2019). These growing trends in remodeling activities have resulted in an increase in product demand on a global scale. The market exhibits consolidation, with a significant presence of numerous international players and a smaller number of regional players in the industry.

Region is being strongly propelled by the introduction of new products and technology tailored specifically for commercial properties. Additionally, the surge in consumer spending habits and a heightened focus on delivering delightful, comfortable, and convenient experiences are accelerating the adoption and acceptance of smart kitchen equipment in the commercial sector.

Kitchen Sinks Market Report Highlights

Metallic segment will grow at the fastest rate, as steel sinks are more affordable, resistant to corrosion, and have longer life expectancy

Single bowl segment will witness robust growth rate, as they are more efficient in function and have high penetration rate in nuclear households

APAC held the largest share, primarily due to growing economy, rise in middle class population buying individual homes having high disposable income

Key players include Ruvati, Kohler, Zuhne, Frigidaire, Swanstone, Acrysil, AGA, Duravit, Dornbracht Kitchen, and Roca.

Polaris Market Research has segmented the kitchen sinks market report based on material, number of bowls, and region:

Kitchen Sinks, Material Outlook (Revenue - USD Billion, 2023 - 2032)

Metallic

Granite

Others

Kitchen Sinks, Number of Bowl Outlook (Revenue - USD Billion, 2023 - 2032)

Single Bowl

Double Bowl

Multi Bowl

Kitchen Sinks, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa