Kitchen Sinks Market Size, Share & Trends Analysis Report By Number Of Bowls (Single, Double, Multi), By Material (Metallic, Granite), By Region (North America, Asia Pacific, Europe), And Segment Forecasts, 2023 - 2030

Report Overview

The global kitchen sinks market size was estimated at USD 3.42 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. A rise in the number of households in various countries, the expansion of hotels & restaurants around the world, and rising consumer disposable income are all contributing to the market’s growth. With an increasing number of people cooking at home for health and various other reasons, the need for a well-equipped kitchen has skyrocketed. Kitchen sinks fulfill several functions and in smart & modular kitchens, they can be especially useful if incorporated with the latest features and technologies. Sinks come in a wide range of sizes, shapes, materials, and brands that are suited to the varied demands and needs of a diverse group of consumers.

In recent years, there has been a rapid development of innovative sinks due to high demand. These sinks can be fitted with advanced features, such as sprays, soap dispensers, and trash collection systems, resulting in increased consumer interest. For example, Moen has introduced a motion sensor, a touchless faucet for kitchen sinks that can be activated just by waving one’s hand or using any cutlery to do so. This will not only save water but also save time from constantly turning the faucet on and off. The kitchen sink market is witnessing numerous advancements and innovations from different players. These developments highlight the increasing adoption of Internet of Things (IoT) technology, which connects everyday objects and assists them to share information and perform tasks, enhancing convenience and efficiency for consumers.

A few of the innovations include motion-activated sinks, different shapes like wine glass and electric guitar that are convertible that transform the kitchen island into a scenic landscape, featuring a sink that flows along its length like a river, and more. Also, for instance, GROHE Limited is offering a series of kitchen sink technologies. The products are made from above-standard stainless steel and feature the GROHE QuickFix system, which helps in easy installation, and GROHE Whisper technology, which minimizes the sound from the bowl. With the increase in homeownership rates, more individuals have the opportunity and inclination to invest in their properties, aiming to make them more stylish and luxurious.

Although the effects of the COVID-19 pandemic created a temporary slowdown in April 2020, property prices have preserved and thrived due to record-low mortgage rates and inventory. According to a CoreLogic report published in September 2020, U.S. homeowners gained USD 9,800 at the end of Q2 2020, an increase of 6.6% year-over-year. Renovating the kitchen not only allows homeowners to tailor the space to their specific needs but also enables them to stay updated with the latest design trends. According to the 2021 U.S. Houzz & Home Study, home remodeling projects were up in 2020, with kitchens receiving the most attention. Kitchens became a central space in the home during the pandemic.

Homeowners found the need to better utilize the space, resulting in remodeling projects. When compared to previous years, the median spending on major kitchen remodels grew by 14% in 2020. The introduction of new products and technology specifically designed for commercial properties is functioning as a major driver of the region's growth in this area. Likewise, increased consumer spending habits and a growing emphasis on providing a pleasant, comfortable, and convenient experience are driving the penetration and acceptance of smart kitchen equipment in the commercial market.

Number of Bowls Insights

The single-bowl segment led the market in 2022 and accounted for a 47.7% share of the global revenue. The increasing trend of nuclear families across the globe is resulting in the lesser need for multiple bowls in kitchen sinks used for cleaning and washing. Other deciding variables for the installation of kitchen sinks include the amount of space required for installation, the number of people using the kitchen at the same time, and the way people clean up.

The double-bowl segment is anticipated to expand at a steady pace from 2023 to 2030. Many hotels, restaurants, and corporate organizations prefer double-bowl sinks. To make the cleaning process faster and easier, consumers usually fill one bowl with soapy liquid and rinse the utensils in the other. Since double-bowl sinks take up more space, manufacturers have been developing novel solutions, such as double units with one sink smaller than the other or one shallow sink to fit smaller utensils.

Material Insights

The metallic segment led the global market with a share of over 52.5% of the overall revenue in 2022. These sinks come in a variety of metals, like stainless steel, cast iron, and copper. Stainless steel kitchen sinks are the most popular because of the metal’s beneficial properties, such as strength-to-weight advantage, ease of fabrication, antibacterial value, long-term value, and resistance to corrosion, fire, heat, & impact. Moreover, metallic sinks can be installed in various ways, such as under mount and top mount.

Granite sinks are also gaining popularity among consumers as they are immensely appealing and are perceived as the most opulent alternative to stainless steel products. Granite kitchen sinks come in a variety of materials, such as 100% marble, 100% granite, granite composite (85% quartz granite, 15% resin), and cultured marble (marble dust, stone, and resin). These are more expensive than metallic sinks and are also heavier than standard sinks, necessitating extra cabinet preparation for safe installation.

Regional Insights

Asia Pacific was the largest regional market in 2022 with a market share of 46.18% and is projected to expand further at the fastest CAGR of 4.9% retaining the leading position throughout the forecast period. Rapid urbanization in developing countries, combined with rising disposable income levels, has been propelling home improvement projects. The need for home improvement is also being fueled by an increase in socializing activities, such as house parties and family reunions. The regional market has seen an influx of new designs and kitchen sinks in varying colors, sizes, functions, and finishing. Europe is also a prominent regional market, closely followed by North America.

The growing consumer inclination toward innovative and modern kitchens in their homes and the higher spending capacity of these consumers are driving the market in these two regions. Also, with the growth of the hospitality sector, product demand in the commercial sector will increase. Tourism is one of the key sectors of European countries, which directly promotes the hospitality sector of the region. According to the statistics provided by TOPHOTELPROJECTS GmbH, in May 2021, around 1,955 hotel schemes were in the pipeline in Europe. The increasing number of hotels will boost the demand for smart kitchen appliances in the region over the forecast period.

Key Companies & Market Share Insights

The market includes both international and domestic participants. Key market players focus on strategies, such as innovation and new product launches, to enhance their portfolio. For instance:

• In August 2021, Acrysil announced an increase in manufacturing capacity of 160,000 quartz sinks per annum through a greenfield facility in Gujarat's Bhavnagar. As a result, the overall capacity is increased to 1 million sinks every year. The projected capital expenditure entails a USD 4.9 million (Rs 38 crore) investment

• In April 2021, Acrysil and IKEA Supply AG (Switzerland) formed a strategic relationship to manufacture and supply composite quartz kitchen sinks for IKEA’s demands

• In March 2020, Ruvati USA launched a new color choice to their epiGranite collection of kitchen sinks. Midas Yellow is the new hue, which was inspired by the renowned Italian sports automobile, Ferrari

Some of the key players operating in the global kitchen sinks market include:

• Ruvati USA

• Kohler

• Zuhne

• Frigidaire

• Swanstone

• Acrysil

• AGA

• Duravit

• Dornbracht Kitchen

• Roca

Kitchen Sinks Market Report Scope

Global Kitchen Sinks Market Report Segmentation

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global kitchen sinks market report based on material, number of bowls, and region:

• Material Outlook (Revenue, USD Million, 2017 - 2030)

  • Metallic

  • Granite

  • Others

• Number of Bowls Outlook (Revenue, USD Million, 2017 - 2030)

  • Single Bowl

  • Double Bowl

  • Multi Bowl

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Turkey