Kitchen Sinks Market Is Expected To Reach USD 3.1 Billion By 2025 : Grand View Research Inc.

Kitchen Sinks Market
San Francisco, 1 November 2019: The Report Kitchen Sinks Market Size, Share & Trends Analysis Report By Material (Metallic, Granite), By Number of Bowls (Single Bowl, Double Bowls), By Region, And Segment Forecasts, 2019 – 2025
The global kitchen sinks market size is expected to reach USD 3.1 billion by 2025, expanding at a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Surge in the number of households in various countries, increasing hotels and restaurants across the globe, and rising disposable income are some of the prominent factors for the growth of this market.
Metallic sink is the most preferred material type and it accounted for 52.4% share of the overall revenue in 2018. They are available in various metals such as stainless steel, cast iron, and copper. Stainless steel sink is the most famous one owing to its characteristics such as corrosion resistance, fire and heat resistance, hygiene, strength to weight advantage, ease of fabrication, impact resistance, antibacterial value, and long-term value. Moreover, availability of metallic sinks in a variety of installation types, including under mount and top mount, is driving the segment.
The single bowl segment dominated the kitchen sink market and accounted for the majority of the share in 2018. Growing need for a nucleated family across the globe is increasing the demand for the lesser number of bowls in the kitchen sinks for the cleaning and washing purposes. Demand has also increased after the invention of dishwashers as there is no need for separate cabinet in one sink for dirty utensils and clean water for rinsing in the other. Other factors such as space requirement for installations, number of people using kitchen at a time, and the way people tend to clean up are also some of the deciding criteria for the installation of kitchen sinks.
Asia pacific dominated the market with a share of more than 44.0% in 2018. In Asia Pacific, China contributes to the majority of share and is expected to register a CAGR of 4.0% over the forecast period. Demand is increasing in the region due to rise in the number of households. As per the survey, almost more than 450 million houses are registered in China. Luxury lakeside homes and high rise apartments are coming up fast in China, leading to the growth of this market.
Access Research Report of Kitchen Sinks Market @ https://www.grandviewresearch.com/industry-analysis/kitchen-sinks-market
Further key findings from the study suggest:
  • By material, the metallic segment is projected to ascend at a CAGR of 3.9% over the forecast period
  • By number of bowls, single bowl held 37.9% share of the overall revenue in 2018
  • Asia Pacific is expected to emerge as the fastest growing region in kitchen sink industry with a CAGR of 4.3% over the forecast period
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/homecare-and-decor
Grand View Research has segmented the global kitchen sink market on the basis of material, number of bowls, and region:
Kitchen Sinks Material Outlook (Revenue, USD Billion, 2015 - 2025)
  • Metallic
  • Granite
  • Others
Kitchen Sinks Number of Bowls Outlook (Revenue, USD Billion, 2015 - 2025)
  • Single Bowls
  • Double Bowls
  • Multi Bowls
Kitchen Sinks Regional Outlook (Revenue, USD Billion, 2015 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • CSA
  • MEA
Access Press Release of Kitchen Sinks Market @ https://www.grandviewresearch.com/press-release/global-kitchen-sink-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more