Water basin market size
The water wash basin market was valued at around USD 9.5 billion in 2023 and is expected to register a compound annual growth rate of 5.6% between 2024 and 2032 due to increasing urbanization and construction activities. With the development of new residential and commercial buildings in urban areas, the need for adequate sanitation facilities is increasing.
According to the U.S. Department of Housing and Urban Development, the number of private housing units approved by building permit in February 2024 was 1,518,000 on a seasonally adjusted basis. The number of housing starts in February was 1,521,000 on a seasonally adjusted basis. According to the Federal Statistical Office, German construction authorities approved 19,300 new housing units in September 2023. According to EPC data, 237,000 new housing units were built in the year to September 2023. In addition, in March 2024, the Higher Planning Committee of the Civil Administration in Israel approved plans to build 3,476 settler housing units.
| Report Attribute | Details |
|---|---|
| Base year: | 2023 |
| Water Sinks Market Size in 2023: | 9.5 billion USD |
| Forecast period: | 2024 – 2032 |
| Forecast period 2024 – 2032 CAGR: | 5.6% |
| Value forecast for 2032: | 15.3 billion USD |
| Historical data for: | 2021 – 2023 |
| Number of pages: | 320 |
| Tables, diagrams & figures: | 271 |
| Segments covered: | Type, installation type, material, configuration, application, distribution channel, region |
| Growth drivers: |
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| Pitfalls and challenges: |
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On the other hand, the growing trend of smart cities and sustainable infrastructure with the integration of smart technology in water sinks, such as water flow sensors and automated cleaning systems, has also led to the integration of modern flushing systems in buildings, further driving the growth of the water sink market. These advances not only improve the overall functionality and hygiene of the products, but also make them more attractive to users who are increasingly conscious of environmental sustainability.
The market is facing challenges due to the rising prices of raw materials. The manufacturing of sinks requires various materials such as stainless steel, ceramic and granite/quartz, all of which have been steadily increasing in price. This not only affects the manufacturing cost but also the final price of the product, making it less attractive to price-conscious consumers.
Market trends for water sinks
The latest kitchen sink trends are all about creating a functional and stylish space. One of the most popular trends is the farmhouse sink, which adds a touch of charm and rustic elegance to any kitchen. Another trend is the sleek and minimalist undermount sink, which blends perfectly into the countertop for a seamless look. These timeless sink styles make it easier than ever to upgrade the kitchen with a sink that complements any overall design aesthetic.
One of the major trends in kitchen sink materials is the increasing popularity of composite granite sinks. These sinks are known for their durability, scratch and stain resistance, and sleek, modern looks. Another material trend that is becoming increasingly popular in modern kitchens is stainless steel sinks with a matte finish. This trend gives the kitchen a modern and sophisticated look while offering durability and corrosion resistance.
Water Sink Market Analysis
Based on type, the market can be segmented into fixed water sinks and portable water sinks. In 2023, the fixed water sinks segment generated revenues of around USD 7.7 billion and is expected to reach USD 12.4 billion by 2032. Governments across the world have introduced regulations and incentives to encourage the use of water-efficient fixtures, including fixed water sinks.
In the United States, for example, the Environmental Protection Agency (EPA) has implemented the Water Sense program, which certifies water-efficient products and promotes their use through public education. This has created a favorable market environment for fixed water basins, as consumers are more likely to choose these products to comply with regulations.
In addition, technological advances have led to the development of more efficient and durable fixed sinks. Manufacturers are constantly developing and improving their products to meet the growing demand for water-saving fixtures. This has resulted in a wide range of fixed sinks available with different designs, materials and features to meet the different needs of consumers. For example, some sinks now come with touchless technology that allows users to turn the faucet on and off without touching it, minimizing the spread of germs and promoting hygiene.
Based on product type, the water sink market is segmented into drop-in sinks, undermount sinks, countertop sinks, and others. In 2023, the drop-in sink segment generated revenue of around USD 5.3 billion and is expected to reach USD 8.6 billion by 2032. A drop-in sink is a popular choice for both residential and commercial applications due to its versatile design and easy installation. This type of sink is designed to sit on a countertop or vanity with the edges resting on the surface. The design allows for a quick and easy installation process, making it a great choice for renovations or new construction projects.
In addition, the integration of modern features such as touchless activation and water efficiency in built-in sinks is becoming increasingly popular. This shows a clear trend towards kitchens that integrate technology for greater convenience. At the same time, the emphasis on sustainability and design harmony shows that consumers want environmentally friendly and aesthetically pleasing sinks that integrate seamlessly into the overall design of the kitchen.
Asia Pacific dominated the water sink market with revenues of around USD 3.8 billion in 2023 and expected to reach USD 6.4 billion by 2032. With rapid urbanization and economic development, the demand for new residential and commercial buildings is increasing. This has led to a rise in construction activities, especially in countries like China, India, and Japan. As a result, the demand for water sinks, which are an essential part of any building, has increased significantly.
According to the National Bureau of Statistics of China, investment in real estate development in the first half of 2023 reached USD 827 billion (5,855.0 billion yuan), including USD 628 billion (4,443.9 billion yuan) in residential buildings. In addition, the construction industry in India is expected to reach USD 1.4 trillion by 2025, according to government reports.
Market share of water sinks
Major players in the water sink market are Kraus Plumbing LLC, Duravit AG, Franke Group, LIXIL Corporation, and Elkay Manufacturing Company, which have a market share of 8-12% in 2023. Manufacturers in the market invest heavily in research and development to come up with new and improved sink designs that are not only aesthetically pleasing but are also built with advanced technology. These manufacturers also invest in partnerships and collaborations with popular DIY Shows and influencers showcase their sinks in real-world settings. Manufacturers in the market also compete on price, with many offering competitive pricing strategies to attract budget-conscious consumers.
Companies in the water sink market
The most important companies in the water basin industry include:
- Acorn Engineering Company, Inc.
- Carysil
- CERA
- AG continued
- Elkay Manufacturing Company
- Franke Group
- GROHE Pacific Pte Ltd.
- Hindware devices
- Kohler Co.
- Kraus Plumbing LLC
- Left
- LIXIL Corporation
- Pelham & White Corp.
- Ruvati
- Sinkology
News from the water flushing industry
- In March 2024, Elkay introduced additions to its Quartz sinks. The new additions enhance both the Quartz Classic and Quartz Luxe collections. Available in a range of bold colors, Elkay's Quartz sinks combine natural quartz with high-performance acrylic resin to resist stains, smudges and color fading; the sinks are heat resistant up to 535°F. The material is naturally sound-absorbing, which minimizes noise and vibration for a quieter time at the sink.
- In February 2024, Kohler launched Cairn kitchen sinks made from Neoroc, Kohler's proprietary matte composite sink material, a durable composite material. Kohler's entry into the Indian kitchen sink market underscores its commitment to innovation and excellence in both bathroom and kitchen solutions.
- In July 2023, Franke expanded its Maris MRG Fragranite range with a new oyster finish. All products in the range are available as single bowl models, but also as a 1.5 bowl option with a reversible small bowl, each treated with an antimicrobial coating. Each sink is designed to fit cabinets from 450mm to 800mm and has a bowl depth of 200mm.
The Water Sinks Market research report covers in-depth coverage of the industry with estimates and forecasts in terms of revenue (Billion USD) and volume (Thousand Units) from 2021 to 2032 for the following segments:
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Market, by type, 2021 – 2032
- Permanently installed water basin
- Portable water sink
Market, by installation type, 2021 – 2032
- Drop in
- Substructure
- Workplace sinks
- Other (bar washing etc.)
Market, by material, 2021 – 2032
- stainless steel
- Granite/Quartz
- Cast iron sink
- Fireclay sink
- Other (copper sinks etc.)
Market, by configuration, 2021 – 2032
- Single sink
- Double sink
Market, by Application, 2021 – 2032
Market, by distribution channel, 2021 – 2032
- Direct sales
- Indirect sales
The above information applies to the following regions and countries:
- North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- THING
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of MEA
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