The Europe Kitchen Sinks Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 3,405.5 thousand units, showcasing a growth of 1.9% (2019-2022).
Some innovations include sinks that respond to motion, transformable shapes like an electric guitar, wine glasses that turn the kitchen island into an appealing setting with a sink that operates along its length like a river, and more. For instance, several kitchen sink technologies are available from GROHE Limited. The items are composed of superior stainless steel and include GROHE QuickFix technology for quick and simple installation as well as GROHE Whisper technology reduces bowl noise. More people are able and inclined to make improvements to their homes to make them luxurious and stylish as homeownership rates rise.
Remodelling initiatives were initiated by homeowners who realized they could use the area more effectively. The expansion in this market is being significantly fuelled by the introduction of new goods and technologies made especially for commercial properties. The adoption and acceptability of smart kitchen equipment in commercial settings are also fuelled by rising consumer spending patterns and food service sectors’ growing focus on offering a pleasant, comfortable, and convenient experience.
Due to its abundance of foreign travel destinations and robust domestic tourism recovery, Europe is one of the most popular tourist attractions in the world. In recent years, Europe’s hotel industry has benefited from a prolonged economic boom. In UK, the tourist and hotel sector are one of the main revenue-producing industries in the region, contributing £66 billion to GVA and employing 3 million people. The International Trade Administration reports 87,609 arrivals from Germany in March 2022 alone, an increase of 1764% from March 2021. Germany is ranked third in Europe with 134,973 new arrivals in April 2022 compared to April 2021. 2,063,767 German arrivals were recorded in 2019. As sales increased in April 2022, the 2,300 travel agencies in Germany experienced increased revenue. The region’s thriving hospitality industry is anticipated to lead to a rise in the number of commercial kitchens in the region, providing chances for the regional market to expand.
The Germany market dominated the Europe Kitchen Sinks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $246.6 Million by 2030. The UK market is exhibiting a CAGR of 2.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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