Quartz Sink Market Size, Share & Trends Analysis Report By Type (Single Bowl, Double Bowl, Multi Bowl), By Application (Residential, Commercial), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global quartz sink market size was valued at USD 258.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. The growth of residential households and commercial construction such as hotels, restaurants, and hospitals is driving the demand for quartz sinks. Additionally, the increase in spending on home improvement projects is some of the major factors driving the growth of the global market during the forecast period.

The pandemic has taken a toll on the overall supply chain in the industry owing to stricter lockdown conditions and diminishing supply. According to the National Kitchen & Bath Association (NKBA), the average benchmark rating of COVID-19’s impact on business is 7.4 on a scale of 1 to 10, with 1 being no impact and 10 being the highest impact. In addition, nearly 60% of NKBA members reported experiencing supply chain disruptions, including long lead times, slowing production, and shipping delays. The market for quartz sinks has been greatly impacted by the epidemic in many different ways.

Over the recent years, consumer perception towards purchasing kitchen sinks has changed and they are looking for two kitchen sinks while remodeling or purchasing a new house. Several consumers prefer two sinks; one for cleanup and one for food preparation. Double-bowl sinks are generally adopted by consumers who have more counter space. Moreover, stainless steel or composite sinks made of granite or quartz are majorly preferred by consumers due to easy to clean and heat-resistant benefits offered.

Moreover, key players are adopting various strategies by innovating product features and designs for product differentiation. New materials and designs have emerged in the kitchen sink market as a result manufacturers are launching quartz sinks with distinctive styling and a range of ethnic inspirations. Moreover, in 2019, Acrysil Ltd. Partnered partnered with GROHE, a leading German brand, for supplying quartz kitchen sinks.

Additionally, laminated kitchen countertops may pose a challenge for the kitchen sinks market as they do not support the installation of under-mount sinks. The laminated countertops are produced using MDF or particleboard, they cannot hold the weight of the sinks with the help of nuts, bolts, and washers. Furthermore, under-mount kitchen sinks do not include rims and borders, which increases the chance of water overflow. Thus, these challenges posed by under-mount kitchen sinks are expected to hamper the market growth.

However, in the coming years, construction and remodeling activities are foreseen to recover at a gradual pace. The global economic recovery will be faster but uneven, with several businesses across the supply chain rebounding faster and large companies operating in the kitchen sinks market building innovative products. This is expected to create a positive outlook for the global quartz sink market.

Type Insights

The single-bowl segment dominated with a revenue share of over 50% in 2021. The single bowl segment captured significant market share driven by the increasing number of nuclear families and growing technological innovations in the sink manufacturing industry. Additionally, required less place for installation, pricing points, and product variations are some of the major factors contributing to the segment growth. The increasing number of households across the globe and the rapidly growing restaurant industry are further expected to contribute to the growth.

The double bowl segment is expected to grow at a CAGR of 4.9% over the forecast period. The growth of the segment is mainly driven by rising consumer preference for double bowl sink due to the ease of use and wide applications. The double bowl sink allows for two different sectors of water to be collected that enabling consumers to wash and rinse dishes on both sides. Additionally, key players operating in the global market are making key initiatives to cater to the rising demand for double bowl sinks from consumers. For instance, in January 2018, Belfastsinks launched double bowl sinks with a 2/3 1/3 bowl configuration with a narrow fluted design and lower partition to allow water flow. Such initiatives are further expected to contribute to market growth.

Application Insights

The residential segment held the largest revenue share of around 70.0% in 2021. The magnifying popularity of quartz sinks given their compact design, ease of cleaning, and durability has provided positive growth prospects for the market. The rapid rate of urbanization and rise in the number of government-aided residential construction projects has further made constructive addition to the segment growth. According to the statistics published by The National Kitchen & Bath Association (NKBA), total residential kitchen and bath spending is expected to reach USD199 billion driven by a 16% increase in kitchen and bath remodel spending and a 21% increase in new kitchen construction.

The commercial segment is expected to showcase promising growth in the adoption of quartz sinks in the coming years. The increase in the number of restaurants, hotels, and other commercial outlets and the necessity for more sink bowls for cleaning and washing has led to increasing demand for modernized kitchen products, which further paves the way for market expansion. 2-bowl and multi-bowl quartz sinks are mostly preferred by cafes, restaurants, and hotels, as they help in cleaning utensils easier and faster. Multi-bowl sink demand was formerly concentrated in commercial settings but is currently growing in popularity in domestic kitchens as well.

Distribution Channel Insights

The offline distribution channel captured the largest revenue share of around 72% in 2021. Consumers highly prefer to purchase kitchen sinks and other products from offline channels such as specialty stores to understand product features, designs, and specifications effectively. Additionally, the provision of discounts and offers at such stores is likely to attract consumers from commercial and residential settings to buy kitchen products from such stores.

The online sales channel is expected to showcase strong growth in the coming years and is expected to showcase a CAGR of 5.9%. The growth is expected to rise on account of rising online shopping trends among consumers across the globe. Moreover, a variety of advantages offered by online sales channels such as company websites and e-commerce portals such as ease of payment methods, fast delivery, and a wide variety of products is further expected to fuel the segment's growth. Additionally, to expand consumer outreach and strengthen their market position, key players operating in the global market are showcasing their product portfolio and online websites, which are expected to bolster the demand in the coming years.

Regional Insights

Europe dominated the global market with a revenue share of over 35% in 2021. The growth of the regional industry is marked by lavish lifestyles and rising consumer investments in elegant-looking products for their homes. Consumers across Europe are emphasizing modern kitchen equipment over conventional kitchen products. According to research published by The Samsung Group (Samsung) and YouGov in 2018, nearly 42% of Europeans are willing to pay 50,000 Euros for a smart kitchen that comprises modern and elegant designs. This trend is expected to continue in the coming years and is expected to contribute to market growth.

Asia Pacific is expected to grow at a CAGR of 6.3% during the forecast period of 2022 to 2030. The rising purchasing parity coupled with a growing number of residential units across the region is fueling the growth. According to the statistics published by the International Energy Agency (IEA), developing Asia is home to 60% of the global population with 1.5 billion people in the region lacking clean cooking facilities. This offers key players an opportunity to expand their portfolio in the region and adjust pricing strategies according to consumer buying behavior. Additionally, government-led residential and commercial construction projects are further expected to fuel the regional demand for quartz sinks in the coming years.

Key Companies & Market Share Insights

The market is characterized by the presence of small and large-scale companies that are expanding their product portfolios by incorporating innovative and new kitchen products to widen their consumer base and strengthen their global footprints. Additionally, companies and manufacturers operating in the region are keenly focusing on implementing various business strategies such as mergers and acquisitions, new product launches, and developing sustainable and innovative kitchen products to cater to the rising demand for quartz sinks among consumers.

• In October 2021, Hafele Korea launched a premium quartz composite sink that adds an elegant view to the kitchen and also offers protection against scratches and contamination caused by various food ingredients and sauces

• In May 2021, Acrysil Ltd. expanded its quartz kitchen sink manufacturing capacity by an additional 100,000 to cater to the rising demand from global and domestic markets

Some prominent players in the global quartz sink market include:

• Kohler Co.

• BLANCO

• Franke Holding AG

• Oliveri Solutions

• Elkay Manufacturing Company

• Astracast (KAD Group Limited.)

• Moen Incorporated

• Teka Group

• Alveus

• Acrysil Ltd.

• Ruvati USA

Quartz Sink Market Report Scope

Global Quartz Sink Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global quartz sink market report based on type, application, distribution channel, and region:

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

  • Single Bowl

  • Double Bowl

  • Multi Bowl

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

  • Residential

  • Commercial

• Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

  • Online

  • Offline

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

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy
    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • South America

    • Brazil

  • Middle East & Africa (MEA)

    • South Africa