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 |
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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.
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.
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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