Europe Water Sink Market, By Type (Bathroom Sink, Kitchen Sink), Material (Stainless Steel, Acrylic, Glass, Porcelain, Fireclay, Others), Distribution Channel (Distributors/Wholesalers, Multibrand Stores, Franchisee Stores, Specialized Stores, E-commerce), End-User (Shopping Malls, Hospitality, Corporate and Government Offices, Households, Public Toilets, Educational Facilities, Food Service, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
A water sink is an essential accessory or component of any bathroom or kitchen. It is also referred to as a washbasin or a washbowl. The water sinks are made of various materials, including stainless steel, ceramic, and artificial stone. These sinks are available in a variety of sizes and shapes, as well as advanced technology.
Data Bridge Market Research analyses that the water sink market was valued at USD 14633.34 million in 2021 and is expected to reach the value of USD 20493.58 million by 2029, at a CAGR of 4.3% during the forecast period of 2022 to 2029.
Market Definition
A water sink is a useful addition to any bathroom or kitchen. It is also referred to as a washbowl or a washbasin. Water sinks are made of a variety of materials, including stainless steel, copper, quartz, fireclay, cast iron, ceramic, stainless steel, and artificial stone. They also come in a variety of sizes and shapes. Water sinks can be used to clean washing utensils, wash hands, and dispose of waste. Furthermore, water sinks can be used to save the most amount of water and are equipped with the most recent technology for consumers to carry out their work in the surrounding areas easily.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Bathroom Sink, Kitchen Sink), Material (Stainless Steel, Acrylic, Glass, Porcelain, Fireclay, Others), Distribution Channel (Distributors/Wholesalers, Multibrand Stores, Franchisee Stores, Specialized Stores, E-commerce), End-User (Shopping Malls, Hospitality, Corporate and Government Offices, Households, Public Toilets, Educational Facilities, Food Service, Others),
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Countries Covered
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Russia, Germany, France, U.K., Turkey, Spain, Italy, Netherlands, Switzerland, Belgium, Rest of Europe
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Market Players Covered
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Blanco (U.S), Elkay Manufacturing Company (U.S), Franke home solutions (U.S), Huida Sanitary Ware Co., Ltd. (China), JULIEN INC. (Canada), Kohler Co. (U.S), Kraus USA Plumbing LLC (U.S), LIXIL Corporation (U.S), Mountain Plumbing Products (U.S), Roca Sanitario, S.A. (Spain)
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Opportunities
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Europe Water Sink Market Dynamics
Drivers
- Rise in the per capita income
Rising per capita incomes in emerging countries and a growing preference for monochrome style water sinks in the commercial and residential sectors are expected to drive global market growth over the forecast period. Furthermore, the growing trend toward aesthetic appeal in the home and rising preference for nature-based interior designs among people all over the world are key factors driving the target market's growth.
- Growing trend towards interior designing and awareness of various types of water sinks
Increased awareness of various types of water sinks, such as wall mount water sinks, under-mount water sinks, top-mount water sinks, and drop-in water sinks, is driving up demand for water sinks. This is another important factor that is expected to boost global market growth. Additionally, rising awareness of smart sinks and their additional features such as liquid soap dispensing and hand drying is expected to drive growth in the global water sink market over the forecast period.
Furthermore, rising awareness of the AER-DEC integrated sink system, which is widely used in the commercial sector such as SPAs, salons, hotels, and restaurants, is one of the key factors expected to propel global market growth over the next ten years.
Opportunities
Companies in the water sink market have been taking a more environmentally friendly approach in recent years, which includes incorporating warm and natural elements and earthen luxury components, particularly in the household and hospitality sectors. Consumers are increasingly looking for materials derived from nature or that mimic the appearance of nature. This makes kitchens and bathrooms appear more appealing and spacious. The warmth of water's wooden surfaces adds a natural touch to home interiors.
Restraints
However, the rising occurrence of failures and complications associated with the installation of technologically advanced water sinks and the high cost associated with advanced water sinks are key factors expected to restrain global market growth to some extent.
This water sink market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Water Sink market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Water Sink Market
The Coronavirus has spread throughout the world, and most countries are implementing lockdown measures to control the virus's spread and protect public health. Corona has an impact on everything from dining tables to the economy. All business and production activities have been completely halted, with the exception of those that are absolutely necessary, such as the food and medical sectors, resulting in an economic crisis in the country. Manufacturing and production functions have been halted, slowing down businesses, and inactive trade and transportation have completely disrupted the supply chain, causing companies to face significant losses in the future.
Recent Developments
- Blanco America, Inc. introduced the coal-black SILGRANIT Color, patented material sink in March 2021, claiming it to be stronger and more durable than other sinks. The product features SILGRANIT's Hygenic Plus surface formula, which acts as a barrier against bacteria and dirt and can reduce bacterial growth by up to 98 %.
Europe Water Sink Market Scope
The water sink market is segmented on the basis of type, material, distribution channel and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Bathroom Sink
- Kitchen Sink
Material
- Stainless Steel
- Acrylic
- Glass
- Porcelain
- Fireclay
- Others
Distribution channels
- Distributors/Wholesalers
- Multibrand Stores
- Franchisee Stores
- Specialized Stores
- E-commerce
End-user
- Shopping Malls
- Hospitality
- Corporate and Government Offices
- Households
- Public Toilets
- Educational Facilities
- Food Service
- Others
Water Sink Market Regional Analysis/Insights
The water sink market is analysed and market size insights and trends are provided by country, type, distribution channel, application and end-user as referenced above.
The countries covered in the water sink market report are Russia, Germany, France, U.K., Turkey, Spain, Italy, Netherlands, Switzerland, Belgium, Rest of Europe.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Water Sink Market Share Analysis
The water sink market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to water sink market.
Some of the major players operating in the water sink market are:
- Blanco (U.S)
- Elkay Manufacturing Company (U.S)
- Franke home solutions (U.S)
- Huida Sanitary Ware Co., Ltd. (China)
- JULIEN INC. (Canada)
- Kohler Co. (U.S)
- Kraus USA Plumbing LLC (U.S)
- LIXIL Corporation (U.S)
- Mountain Plumbing Products (U.S)
- Roca Sanitario, S.A. (Spain)
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