Drivers : North America Water Sink Market
Lightweight sinks gaining traction in small snack shops Access Full Report at https://databridgemarketresearch.com/reports/north-america-water-sink-market The sinks used for small snack shops include stainless steel the most. As the stainless steel sinks are light in weight and provide durability, these sinks are in great demand for small snack shops and restaurants. Since the stainless steel is much low in cost as compared to other materials, so this material is used widely for the sinks in small shops. However, the sinks made of fireclay are very high in cost and are used in hotels, resorts and high class restaurants because of their lusturous texture. Snack shops need sinks that can easily be ported and adjusted to the space so the light weighted sinks are used for this purpose. More the number of snack shops increasing rapidly, more will be the demand for sinks to be installed. Growing hospitality industry to create substantial demand for sinks There are different ways that the hospitality industry is growing contribute the largest share in the growth of this industry. Sinks produced using composites come in standard styles and offer color choices, and distinctive shapes to be used in hotels. A broad variety of sinks are offered by companies for the bath and kitchen areas. Bathrooms have become as important to travellers as bedrooms, and hotels are taking the plunge into more creative guestroom lavatories. But the sinks made of porcelain dominate the market, as this material offers ease in cleaning and is very cost efficient. The variety of colors in porcelain material makes it is a good choice to be used for bathrooms and kitchens of hotels. Restraint Trade war with China is impacting the cost of sinks in U.S. There is a trade war going between China and the U.S., due to which all the imports from China has been banned by the United States. China is the largest producer of sink market and this product ban has declined the growth of sinks in the U.S. China has the largest production of sinks and used to export the products to U.S. at rates below the production rate of the country. This led U.S. to make China out of its most favoured nation’s list. There is an extreme decline in the sink market of U.S. and second hand sink products are being sold more. The ban imposed on China by the U.S. is restraining the sink market to grow. OPPORTUNITY Trough sinks for hospitality and religious places Trough Sinks are long rectangular sinks that are used in the areas used frequently and also used by a large number of people at the same time. The sinks are utilized in the bathrooms of a large restaurant that are used continuously by the people at the same time. Trough sinks have a number of taps applied to it and are comfortably apart. Concrete trough sinks are used in the farm houses only as they do not give a smooth elegant look but are durable in nature. These sinks can be seen in many public places like stations, public washrooms, religious gatherings etc. Trough sinks are replacing double bowls kitchen sinks as the same purpose is served by trough sinks with the ease of maintenance and work. CHALLENGE High production cost The cost of production depends directly on the cost of raw materials used in the manufacturing of final goods. The raw materials used are imported from other countries in case of deficiency. Risks such as fluctuations in the currency of country from which raw materials are being exported, effect the price of the products manufactured. The raw materials are imported and so are high in cost. The production cost of sinks used for bathrooms and kitchens also increases due to the increase in the cost of raw materials. The transportation of goods is another major expense to moving raw materials to different regions both within a country and around the world. As new taxes are placed on goods brought in from other countries, the price for the raw material goes up. Major Players: Some of the major players operating in this market are:
- Franke Kitchen Systems, LLC
- American Standard Brand
- Stern-Williams
- Moen Incorporated
- Elkay Manufacturing Company
- Mountain Plumbing Product
- Zuhnë
- Duravit AG
- Oliveri Solutions
- SCI
- ROHL LLC.
- Vigo Industries
- ROCA SANITARIO, S.A
- JULIEN INC.
- WHITEHAUS COLLECTION
- Kohler Co.
- Artisan Manufacturing
- Kraus USA.
- RUVATI USA
- Schock GMBH
