Kitchen Sinks Market to grow by $ 615.84 mn in 2021 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2025 | Technavio

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NEW YORK, April 1, 2021 /PRNewswire/ — Technavio has been monitoring the kitchen sinks market and it is poised to grow by $ 615.84 mn during 2021-2025, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio has announced its latest market research report titled Kitchen Sinks Market by End-user and Geography - Forecast and Analysis 2021-2025

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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however,  the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the kitchen sinks market. 
Frequently Asked Questions:

  • What are the major trends in the market?
    Growth in the use of dual sinks in the kitchen is a major trend driving the growth of the market. 
  • At what rate is the market projected to grow?
    The market will accelerate at a CAGR of almost 4% and the incremental growth of the market is anticipated to be $ 615.84 mn.
  • Who are the top players in the market?
    American Bath Group, Dornbracht AG & Co. KG, FRANKE Holding AG, Kohler Co., Kraus USA Inc., Moen Inc., Roca Sanitario SA, Ruvati, Teka Group, and VIGO Industries, are some of the major market participants.
  • What is the key market driver?
    The expanding global restaurant industry is one of the major factors driving the market. 
  • How big is the North America market?
    The North America region will contribute to 33% of the market share.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Bath Group, Dornbracht AG & Co. KG, FRANKE Holding AG, Kohler Co., Kraus USA Inc., Moen Inc., Roca Sanitario SA, Ruvati, Teka Group, and VIGO Industries. are some of the major market participants. The expanding global restaurant industry will offer immense growth opportunities. The adoption of the omnichannel sales strategy by restaurant players has increased their overall sales. The growth in sales is expected to increase the demand for these sinks, which, in turn, will drive the growth of the global kitchen sinks market size. However, high operational cost is likely to pose a challenge for the market vendors.
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In a bid to help players strengthen their market foothold, this kitchen sinks market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Kitchen Sinks Market 2021-2025: Segmentation

Kitchen Sinks Market is segmented as below:

  • End-user
    • Residential
    • Commercial
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR70324

Kitchen Sinks Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The kitchen sinks market report covers the following areas:

  • Kitchen Sinks Market Size
  • Kitchen Sinks Market Trends
  • Kitchen Sinks Market Industry Analysis

This study identifies growth in the use of dual sinks in the kitchen as one of the prime reasons driving the Kitchen sinks Market growth during the next few years. Also, an increase in the adoption of stainless-steel kitchen sinks and growth in the use of dual sinks in kitchens will lead to a sizable demand of the market. Get Free sample report in MINUTES

Kitchen Sinks Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist kitchen sinks market growth during the next five years
  • Estimation of the kitchen sinks market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the kitchen sinks market across North America, Europe, APAC, MEA, and South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of kitchen sinks market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Residential – Market size and forecast 2020-2025
  • Commercial – Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • American Bath Group
  • Dornbracht AG & Co. KG
  • FRANKE Holding AG
  • Kohler Co.
  • Kraus USA Inc.
  • Moen Inc.
  • Roca Sanitario SA
  • Ruvati 
  • Teka Group
  • VIGO Industries.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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