What is Stainless Steel Kitchen Sink Market?
The stainless steel kitchen sink is widely used for washing the utensils as well as hands at the time of cooking and other purposes. The main advantages of stainless steel kitchen sink that low cost as compared to other material such as granite, cast iron, among others. Rising demand for modular kitchen in various apartments and rising disposal income in middle-class families are expected to be among the major growth drivers for the market over the forecast period.
Highlights from Stainless Steel Kitchen Sink Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Franke Holding AG (Switzerland), Moen (United States), Blanco (Germany), Sonata Kitchens Inc. (Canada), Elkay Manufacturing (United States), The Teka Group (Germany), Kohler Co. (United States), Kindred Group (Malta), Dongpeng Holdings Co Ltd (China) and Zhongshan Jia Bao Lu Kitchen And bathroom products Co.,LTD (China) |
The market is highly fragmented with the presence of various players in the market. Some of the major players which are operating in the market are Franke Holding AG (Switzerland), Moen (United States), Blanco (Germany), among others Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Stainless Steel Kitchen Sink market throughout the forecasted period.
Franke Holding AG (Switzerland), Moen (United States), Blanco (Germany), Sonata Kitchens Inc. (Canada), Elkay Manufacturing (United States), The Teka Group (Germany), Kohler Co. (United States), Kindred Group (Malta), Dongpeng Holdings Co Ltd (China) and Zhongshan Jia Bao Lu Kitchen And bathroom products Co.,LTD (China) are some of the key players profiled in the study. Stainless Steel Kitchen Sink Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Household and Commercial |
Type | Countertop Sinks, Semi-Counter Sinks, Vessel Basins, Bowl Sinks and Others |
Number of Holes | One,Two,Three,Four |
Shape | Oval,Round,Rectangular,Square,Irregular,Others |
Basin Sink | Double Basin Sink,Single Basin Sink |
On the basis of geography, the market of Stainless Steel Kitchen Sink has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Construction of Buildings in Developing Countries
Market Growth Drivers:
Increase in the Industrialization and Augmented Demands across Various End Sectors and Growing Usage of Stainless Steel Kitchen Sink in Various Application
Challenges:
High Maintenance Cost as well as Lack of Awareness
Restraints:
Limited options in color as well as finish regarding Stainless Steel Kitchen Sink Products
Opportunities:
Growing Demand from Emerging Market such as China, India, among others and Rising Hotels and Restaurants as well as Increasing Disposable Income
Key Target Audience
Manufacturers of Stainless Steel Kitchen Sink, Suppliers of Stainless Steel Kitchen Sink, Wholesalers, Distributors and Retailers of Stainless Steel Kitchen Sink, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
In July 2018, the Franke Holding AG (Switzerland) Company has launched Crystal Collection, which includes stainless steel and glass and it is available in the United States market. Hence, it will affect the growth of the market in the future.