NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
bathroom sinks market size is estimated to grow by USD 1.73 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
almost 3.43% during the forecast period. Increase in
building refurbishment activities is driving market
growth, with a trend towards growing trend of
semi-recessed sinks. However, fluctuations in raw material
prices poses a challenge. Key market players include BETTE
GmbH and Co. KG, CERA Sanitaryware Ltd., Duravit AG, FRANKE Holding
AG, Herbeau Creations of America, HSIL Ltd, Jaquar India, JOMOO
Kitchen and Bath Co. Ltd., Kohler Co., LAUFEN Bathrooms AG, LIXIL
Corp., RAK Ceramics PJSC, Roca Sanitario SA, Scandtap AB, Simas
Spa, Sonet Sanitarywares, Stone Forest Inc., Toto Ltd., Victorian
Bathrooms, and Zurn Water Solutions Corp..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Bathroom Sinks
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.43%
|
Market growth
2024-2028
|
USD 1733.4
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.27
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 43%
|
Key
countries
|
US, China, India,
Germany, and UK
|
Key companies
profiled
|
BETTE GmbH and Co. KG,
CERA Sanitaryware Ltd., Duravit AG, FRANKE Holding AG, Herbeau
Creations of America, HSIL Ltd, Jaquar India, JOMOO Kitchen and
Bath Co. Ltd., Kohler Co., LAUFEN Bathrooms AG, LIXIL Corp., RAK
Ceramics PJSC, Roca Sanitario SA, Scandtap AB, Simas Spa, Sonet
Sanitarywares, Stone Forest Inc., Toto Ltd., Victorian Bathrooms,
and Zurn Water Solutions Corp.
|
Market Driver
The bathroom sink market is witnessing an increasing trend
towards semi-recessed sinks. These sinks offer the benefits of
undermount models, such as a modern appearance, while providing
additional counter space. The slight overhang of semi-recessed
sinks makes them ideal for space-conscious urban bathrooms. Their
user-friendly design, with taps often situated close to the user,
also makes them a popular choice for families with children. The
demand for these sinks continues to grow due to their space-saving
capabilities.
The bathroom sinks market is currently experiencing significant
growth, with consumers seeking modern and functional designs. Homes
and commercial consumer's preferences lean towards compact and
sleek designs, such as round or square shapes. Professionals are
reporting increased demand for ceramic and composite materials due
to their durability and easy maintenance. The trend towards
sustainability is also influencing the market, with consumers
opting for eco-friendly and water-saving sinks. Additionally, the
rise in smart technology integration is a growing trend, with
consumers looking for sinks that offer built-in features like
temperature control and noise reduction. Overall, the bathroom
sinks market is thriving, with consumers focusing on style,
functionality, and sustainability.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The bathroom sinks market faces challenges due to fluctuating
raw material prices. Ceramic, concrete, copper, glass, and steel
are key materials, and price changes impact production costs.
Higher material costs lead to increased equipment prices, affecting
vendor profitability. Constant vendor support for maintenance adds
to the cost of ownership, further impacting profits. These factors
hinder market growth.
- The Bathroom Sinks market faces several challenges. Consumers
prefer modern designs and materials like stainless steel, concrete,
and quartz. However, producing these sinks can be costly and
complex. Durability is a key concern, as bathroom sinks need to
withstand regular use and moisture. Additionally, the market is
competitive, with many brands offering similar products. Producers
must differentiate themselves through unique features, pricing, or
marketing strategies. Furthermore, regulations regarding water
conservation and lead content in materials add to the challenges.
Producers must stay updated on these regulations to ensure
compliance. Overall, the Bathroom Sinks market requires innovative
solutions to meet consumer demands while addressing production
costs and regulatory requirements.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This bathroom sinks market report extensively covers market
segmentation by
- Application
- 1.1 Residential
- 1.2 Non-residential
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Residential- The bathroom sink market
experiences consistent demand due to ongoing residential and
commercial construction projects. Manufacturers produce various
sink styles, materials, and sizes to cater to diverse consumer
preferences. Retailers stock these products, ensuring easy access
for consumers. Market growth is driven by factors such as
increasing population and rising disposable income. Companies
invest in research and development to introduce innovative sink
designs and technologies. Overall, the bathroom sink market is a
thriving business sector.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Bathroom Sinks Market encompasses a range of products,
including Pedestal sinks and Wall-mounted sinks, manufactured from
various materials such as ceramic, stone, glass, wood, and metal.
These housing units' authorized starts and new building permits
reflect the urbanization trend, driving demand for bathroom sinks.
The Product definition, Taxonomy, and Segmentation of bathroom
sinks are crucial for understanding the market dynamics. Materials
like raw ceramic, stone, glass, wood, and metal undergo a
production cycle to create these essential sanitation facilities.
E-commerce platforms and Brand stores, as well as Hardware stores,
serve as key distribution channels for bathroom sinks, catering to
the beauty and ergonomic designs that enhance the bathroom
experience. Economic crises may impact the market, but the demand
for bathroom sinks remains steady due to their functional
importance.
Market Research Overview
The Bathroom Sinks Market encompasses a wide range of products
designed for personal hygiene and decorative purposes. These sinks
come in various materials such as ceramic, glass, stainless steel,
concrete, and composite materials. They are available in different
shapes, sizes, and styles to cater to diverse consumer preferences.
The market for bathroom sinks is driven by factors like increasing
demand for modern and aesthetically pleasing bathrooms, growing
urbanization, and rising disposable income. Additionally,
advancements in technology have led to the production of sinks with
unique features like built-in storage, integrated drains, and
antimicrobial properties. The market for bathroom sinks is expected
to grow steadily in the coming years due to these factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Residential
- Non-residential
- Distribution Channel
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bathroom-sinks-market-size-is-set-to-grow-by-usd-1-73-billion-from-2024-2028--increase-in-building-refurbishment-activities-boost-the-market-technavio-302182758.html
SOURCE Technavio