Market Overview

Stainless Steel Sink Market: Overview

At the time of renovation of a building or a house, one wishes to have basics of a house at least. Sinks is a basic need in every house. Stainless steel sinks are regularly used in kitchens, bathrooms, and utility and laundry rooms for residential and non-residential purposes.

stainless-steel-sink-market-snapshot

Sinks are utilized for washing the defiled utensils and hands while cooking as well as after eating. As derived from the name, the key raw material is stainless cold-rolled steel. A lot of variety is available as per shape, layout, and the number of bowls. High quality of sinks helps meet high-end consumer demand as the manufacturing is not that difficult. The global stainless steel sink market is expected to witness strong growth from 2017 to 2027. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes all the key trends that play a vital role in growth of the market.

Stainless Steel Sink Market: Dynamics

Stainless steel sinks are mostly used in kitchens, making it a basic requirement of a house. This factor drives the market. The targeted audience of this market is residential consumers, hotels, restaurants, offices, and hostels. The global stainless steel sink market is expected to register a steady growth rate during the forecast period. Technology is playing a vital role. Every household wants their sinks to look stylish and of the latest technology. Recently, Moen has introduced motion sense touch-less faucets for kitchen sinks, making a new technological addition to stainless steel sinks. These have a unique feature of opening and closing of faucets. It can be turned on or off by a wave of utensils or hands. This feature is incorporated to save water and time. 

Stainless Steel Sink Market: Regional Overview

The report emphasizes the contribution as well as the significant market share that regions across the world hold in the stainless steel kitchen sink market on the global level. It focuses on presence of the market across the regions, including North America (the U.S., Canada, and Mexico), Europe (the U.K., France, Italy, Russia, Turkey, and Germany), Asia Pacific (China, Japan, Korea, Indonesia, Thailand, the Philippines, Malaysia, Vietnam, India, and Australia), South America, and Middle East & Africa (Egypt and GCC). The market in Asia Pacific is expected to expand at a significant CAGR in the near future. In Asia Pacific, China holds a major market share. The rise in the number of households is significantly influencing the demand for stainless steel sinks. Luxury houses, modern kitchens, and easy maintenance at affordable rates are some of the key factors driving this market. 

stainless-steel-sink-market-snapshot

Stainless Steel Sink Market: Competitive Landscape

Stainless steel sinks are increasingly differential and varied in their usage as well as in their applications and each kind tends to display a different yet strong presence in the global market sphere. This has also resulted in a set of existing key players to be present in the market. These players tend to have strong presence in the international market and hence, make the entry and establishing of new players demanding. It is also increasingly challenging to put competitors across differentiations against one another. However, some of the key market players have adopted strategies of significant companies and sustained their position through expansions and partnerships. 

The leading market players in the global stainless steel sink market are listed below:

  • Franke
  • Dongpeng Holding
  • Kohler
  • Elkay
  • Blanco
  • Moen
  • Delta
  • Teka
  • Reginox
  • Sonata
  • Primy
  • Ouert
  • Da long
  • Mor-ning
  • Dongyuan
  • Conlin
  • Codesn
  • Oulin

stainless-steel-sink-market-snapshot

Regional analysis includes:

  • North America 
  • Europe
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 

Stainless Steel Sink Market: Segmentation
Quality Overview (Revenue, USD Million; 2017–2027)

  • 304 Stainless Steel Sinks
  • 202 Stainless Steel Sinks
  • 201 Stainless Steel Sinks

Product Overview (Revenue, USD Million; 2017–2027)

  • Single Bowl
  • Double Bowl
  • Multi Bowl

Application Overview (Revenue, USD Million; 2017–2027)

  • Residential Kitchens
  • Commercial Kitchens

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Key questions answered by the report