According to a new report, published by KBV research, The Global Kitchen Sinks Market size is expected to reach $4.4 billion by 2030, rising at a market growth of 3.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 14,855.8 thousand units, experiencing a growth of 2% (2019-2022).
The Single Bowl segment is leading the Global Kitchen Sinks Market by Number of Bowls in 2022; thereby, achieving a market value of $2.4 billion by 2030. Due to the global trend toward nuclear families, there is less need for many bowls in kitchen sinks used for cleaning and washing. The quantity of installation space needed, the number of people using the kitchen at once, and how people clean up are other factors for installing kitchen sinks with single bowls.
The Granite segment is registering a CAGR of 4.1% during (2023 - 2030). Granite sinks are also becoming increasingly popular among consumers as they are considered the most abundant option for stainless steel items and are incredibly appealing. Granite kitchen sinks are available in various materials, including cultured marble (marble dust, stone, and resin) and granite composite (85% quartz granite, 15% resin).
The Asia Pacific region dominated the Global Kitchen Sinks Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030. The Europe market is anticipated to grow at a CAGR of 3.7% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 3.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/kitchen-sinks-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Thousand Units, USD Million, 2019-2030)
Companies Profiled