The "Global Kitchen Sinks Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The kitchen sinks market will register a CAGR of about 4% by 2023.
The APAC is expected to be the major contributor to the global residential building construction market led by rising urbanization and growing disposable income. As houses are considered a long-term asset, people started investing in them to secure the future. In addition, house owners can rent the house, as rent is a non-detectible expense.
The growth in residential building construction is expected to increase the demand for kitchen sinks. Stainless steel single-bowl kitchen sinks with drainer boards are the most commonly used kitchen sinks in regular residential buildings.
However, for premium residential buildings, handcrafted and fireclay kitchen sinks are used. Handcrafted kitchen sinks are more expensive than ordinary stainless-steel sinks.
Expanding global restaurant industry
The commercial restaurant services are the major contributors to the global restaurant industry. The adoption of omnichannel sales strategy by the restaurant players has increased their overall sales. The growth in the sales is expected to increase the demand for kitchen sinks globally.
Fluctuating raw material prices
Stainless sinks are the most commonly used kitchen sinks globally. Stainless steel is extracted from iron ore; therefore, the volatility in iron ore prices will directly impact the price of stainless steel. The fluctuation in stainless steel prices is expected to continue during the forecast period.
Competitive Landscape
The market appears to be moderately concentrated with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- Franke Management AG
- Kohler Co
- Middleby Corporation
- Schock GmbH
- Teka Group
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Comparison by end-user
- Residential - Market size and forecast 2018-2023
- Commercial - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Emerging growth of semi-recessed sinks
- Increase in adoption of stainless steel kitchen sinks
- Growth in use of dual sinks in kitchens
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Franke Management AG
- Kohler Co
- Middleby Corporation
- Schock GmbH
- Teka Group
For more information about this report visit https://www.researchandmarkets.com/research/lwzjm5/global_kitchen?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190220005773/en/
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Related
Topics: Plumbing
Fixtures