The Asia Pacific Kitchen Sinks Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 6,167.2 thousand units, showcasing a growth of 2.1% (2019-2022).
Companies operating in the kitchen sink market are taking a variety of actions. For instance, the Kohler smart kitchen sink supports voice control, the Xiaomi Mensarjor kitchen sink has high-frequency vibrations to clean fruits & vegetables, and the Xiaomi Mensarjor kitchen sink combines a smart dishwasher. The Internet of Things is a developing network of ordinary products that connects commercial machinery to consumer home appliances. It will aid in information sharing and task completion while carrying out other household duties.
A fantastic idea that uses solar energy to pump water at 15 PSI and serve as a portable handwashing station and a source of clean drinking water are being launched by GoSun at the same time as the release of a portable sink. Players' technological breakthroughs will allow the market to expand. E-commerce as a sales channel is growing rapidly.
The usage of smartphones is becoming more widespread, and there are more individuals online than ever before. Thus, the e-commerce platform is anticipated to grow rapidly. Additionally, online retailers like Amazon, Flipkart, and others are growing. During the projection period, an increase in e-commerce is anticipated to boost sales of kitchen sinks because an increase in internet users will raise consumer awareness of the product.
India’s tourism and hospitality industry has grown to be one of the key drivers behind developing the nation’s services economy as one of the most popular travel destinations in the world. Moreover, India’s tourist industry has a lot of potential since, like many other countries, travel, and tourism are significant sources of foreign cash. The travel & hospitality sector, which includes accommodations like hotels and restaurants, is often recognized as a development engine, a driver of socioeconomic growth, and a key source of foreign currency earnings in many countries. In addition to promoting India’s incredible history, culture, and diversity, tourism significantly influences the nation’s economy. This would support the expansion of commercial kitchens, offering the growth prospects to regional market.
The China market dominated the Asia Pacific Kitchen Sinks Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $504.5 Million by 2030. The Japan market is registering a CAGR of 3.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 4.7% during (2023 - 2030).
Based on Number of Bowls, the market is segmented into Single Bowl, Double Bowl and Multi Bowl. Based on Material, the market is segmented into Metallic, Granite and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Kitchen Sinks Market is Projected to reach USD 4.4 Billion by 2030, at a CAGR of 3.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kohler Co., Frigidaire Appliance (AB Electrolux), American Bath Group, Acrysil Ltd. (Carysil Ltd.), The MiddleBy Corporation, Duravit AG, Dornbracht Deutschland GmbH & Co. KG, Ruvati USA, Roca Sanitario, SA (Roca Corporacion Empresarial, SA) and Zuhne.
By Number of Bowls (Volume, Thousand Units, USD Million, 2019-2030)
By Material (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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