Global Kitchen Sinks Market Size & Outlook, 2023-2030
Global kitchen sinks market, 2017-2030 (US$M)
Related Markets
Global kitchen sinks market highlights
- The global kitchen sinks market generated a revenue of USD 3,612.9 million in 2023 and is expected to reach USD 4,781.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.1% by 2030.
- In terms of segment, metaliic accounted for a revenue of USD 1,905.7 million in 2023.
- Metaliic is the most lucrative group segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,612.9 million |
| Market revenue in 2030 | USD 4,781.4 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Metaliic |
| Fastest growing segment | Metaliic |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metaliic, Granite |
Other key industry trends
- In terms of revenue, the North America accounted for 17.5% of the global kitchen sinks market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 95.7 million by 2030.
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Kitchen Sinks Market Scope
Kitchen Sinks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global kitchen sinks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to kitchen sinks market will help companies and investors design strategic landscapes.
Metaliic was the largest segment with a revenue share of 52.75% in 2023. Horizon Databook has segmented the Global kitchen sinks market based on metaliic, granite covering the revenue growth of each sub-segment from 2017 to 2030.
Market Dynamics
Growth in the global home improvement industry has led to a surge in the demand for home furnishing and fittings. This, in turn, is expected to positively impact the growth of the kitchen sinks market. According to the Leading Index for Remodeling Activity, home improvement spending in developed countries such as U.S and U.K is rising at ~6% annually.
For instance, in Europe, home prices have been known to rise by over 4% every year on average. Home price appreciation can be an incentive for homeowners to stay where they are and instead, invest in renovating the space. Besides this, home improvement often becomes a priority when owners consider selling their property.
Furthermore, the growth of the kitchen sink market can also be attributed to the increasing adoption of water-saving kitchen sinks and faucets, which are sustainable and eco-friendly. These market trends will boost the demand for kitchen sinks over the forecast period.
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Our clientele includes a mix of kitchen sinks market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global kitchen sinks market , including forecasts for subscribers. This global databook contains high-level insights into Global kitchen sinks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global kitchen sinks market size, by regions, 2017-2030 (US$M)
Top 10 countries: Kitchen sinks market size, 2023 (US$M)
Global kitchen sinks market share, by group, 2023 & 2030 (%, US$M)
Kitchen sinks market: Opportunity assessment by country
Global kitchen sinks market, by region, 2023 (US$M)
Related regional statistics
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