February 27, 2020
Water Sink

Water Sink Market 2027 | North America Dominates the Market by Region | Credence Research

The global market for water sinks was valued at US$ 41.60 billion in 2018 and is set to grow with a CAGR of 2.5 per cent over the forecast period.

The key factor driving the growth of the market for water sinks is the growing demand for different and attractive water sinks across both residential and commercial applications. In addition, the growing demand for farmhouse sinks is boosting the growth of the market for water sinks. The increasing adoption of monochrome styles of water sinks in commercial applications is expected to fuel the growing market for water sinks. In addition, growing production focuses on the colors and the attractiveness of the water sinks are projected to create a number of opportunities for growth in the water sink market over the forecast period. Moreover, the growing disposable income and rapidly growing home decor industry are expected to boost the growth of the market for water sinks in the near future.

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The global market of water sink is segmented into materials, products, and the distribution channels and end users. The segmented distribution channels are divided into wholesalers, specialized stores, multi-brand stores and online retailers. Major manufacturers, when water sinks adopt online portables to sell their products, are driving the growth of the market for water sinks. Growing sales of water sinks from e-commerce platforms contribute to the growth of the market for water sinks. Furthermore, on the basis of application, the global market for water sinks is divided into households and commercial applications. Among this household, application dominates the market growth owing to rapidly growing contrition and infrastructure industry.

North America held a maximum market share of approximately 38% of the total market revenue generated worldwide. It is estimated that the market for water sinks will dominate over the forecast period. The prevalence and distribution of major players are driving the growth of the North American market for water sinks. Moreover, Asia Pacific is expected to grow with the highest CAGR in the water sink market. The fast-growing adoption of different designed and printed water sinks across a number of commercial applications promotes the growth of the market for Asia Pacific water sinks.

Leading Players: Franke Kitchen Systems, LLC, Roca Sanitario, S.A., Moen Incorporated, Elkay Manufacturing Company, ROHL LLC., Whitehaus Collection, Vigo Industries, Kohler Co., JULIEN INC., Huida Sanitary Ware Co., Ltd.,  Kraus USA INC., Tasman Sinkware Pty Ltd., TOTO USA, Inc. and others.

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Materials Segment (2017–2027; US$ Bn)
• Stainless Steel
• Copper
• Quartz
• Fireclay
• Cast Iron
• Other Materials

Products Segment (2017–2027; US$ Bn)
• Pedestal
• Drop-in
• Under-mount
• Top Mount
• Wall Mount
• Other Products

Distribution Channels (2017–2027; US$ Bn)
• Wholesalers
• Specialized Stores
• Multibrand Stores
• Online Retail

Application (2017–2027; US$ Bn)
• Households Applications
• Commercial Applications

Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Unique data points of this report

  • Statistics on water sink penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of water sink for various vehicles
  • Notable developments going on in magnetic sensor market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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