The global kitchen sinks market was valued at USD 5.85 billion in 2021 and is projected to expand at a CAGR of 2.9% from 2022 to 2030. The increasing number of working women, growing preference for modular kitchens, and rising disposable incomes are the major factors driving the market. Additionally, increasing construction activities and rapid urbanization are projected to propel the market growth in the coming years.

Manufacturers are focusing on introducing new products to meet the changing consumer preferences. For instance, in June 2021, Kohler Co. launched a new kitchen sink under its Whitehaven collection. The new sink is designed with a deep basin that is perfect for rinsing and filling large pots and pans. The sink is made of enameled cast-iron, making it durable and resistant to heat, scratches, and stains. The company also offers a wide range of finishes and colors to match any kitchen décor.

The increasing demand for stainless steel kitchen sinks is projected to drive the market. The stainless steel sinks are resistant to corrosion, staining, and rust and are highly durable. Furthermore, the increasing availability of modern kitchen sinks with advanced features, such as an automatic shut-off feature, is expected to support the growth of the market. Moreover, the manufacturers are introducing modern kitchen sinks with advanced features such as integrated lighting, draining boards, and built-in accessories.

The increasing number of smart kitchen appliances is further expected to contribute to the growth of the market. For instance, in May 2021, Moen launched its U by Moen Smart Kitchen Sink, which provides a hands-free experience. This sink allows users to turn the faucet on and off, as well as adjust its temperature, with just their voice. Furthermore, the growing trend of eco-friendly kitchen sinks is expected to further drive the market. The manufacturers are introducing kitchen sinks made from eco-friendly materials such as recycled glass and bamboo, which are expected to be beneficial for the environment.

The stainless steel segment dominated the market and accounted for a share of around 48.9% in 2020. Stainless steel kitchen sinks are gaining popularity due to their durability and cost-effectiveness. Furthermore, stainless steel also offers superior corrosion resistance and hygiene, making it an ideal choice for kitchen sinks. The increasing trend of modern kitchen designs, rising disposable income among consumers, and growing construction activities are some of the key factors driving the demand for stainless steel kitchen sinks.

The composite material segment is anticipated to register the highest CAGR of 8.9% over the forecast period. Composite kitchen sinks are gaining popularity due to their superior strength, scratch resistance, and seamless look. Furthermore, composite kitchen sinks are available in a wide range of colors, shapes, and sizes, making them a popular choice among consumers. Additionally, the growing trend of renovating and remodeling existing kitchens is also driving the growth of the composite kitchen sinks market.

The kitchen sinks products market is primarily driven by the offline channel, which accounted for a share of over 78.4% in 2021. Availability of a wide range of products through offline channels is one of the major factors driving the market. Additionally, customers have the ability to inspect the product before making a purchase decision. This helps to build trust and brand loyalty. Moreover, the presence of a large number of small and medium-sized players in the offline channel has increased the competitive landscape.

The online segment is anticipated to expand at a CAGR of 13.4% over the forecast period. Increasing penetration of internet and rising preference for online shopping is expected to fuel the growth of the segment. Additionally, availability of a wide range of products at competitive prices, discounts, and offers is anticipated to drive the growth of the segment. Moreover, increasing product awareness, ease of payment options, and convenience of home delivery are anticipated to drive the growth of the segment.

The stainless steel segment accounted for the largest revenue share of 66.2% in 2022. Stainless steel is the preferred material for kitchen sinks as it is durable, relatively inexpensive, and can be seamlessly integrated into many kitchen designs. Also, demand for stainless steel is increasing due to its high corrosion and temperature resistance properties. The increasing preference for stainless steel kitchen sinks is driving the growth of the stainless steel segment.

The ceramic segment is expected to register the highest CAGR of 8.5% during the forecast period. Ceramic sinks require minimal maintenance due to their non-porous nature. Moreover, modern ceramic kitchen sinks have been designed with sleek lines and various colors such as black, white, and brown, making them an attractive option for homeowners. The increasing demand for ceramic kitchen sinks in residences is expected to fuel the growth of this segment.

Europe accounted for the largest revenue share of over 44% in 2022. Increasing demand for kitchen sinks products in the region is mainly due to the presence of the significant number of prominent players. For instance, in January 2022, Blanco launched the stainless steel sink range–Cerana II–in the UK, which is expected to propel the growth of the kitchen sinks market in the region.

North America is expected to witness the second-fastest growth in the coming years. This can be attributed to the increasing number of residential and commercial constructions in the region. Moreover, increasing demand for contemporary kitchen designs and the presence of prominent players are other factors expected to drive the regional market. For instance, in April 2021, Elkay Manufacturing introduced its new collection of kitchen sinks and faucets, named the Elkay Asana collection. The collection is manufactured with high-quality materials and has a modern and stylish design.

In this part of the kitchen sinks products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for kitchen sinks products business comes from the sale of kitchen sinks, kitchen plumbing fixtures, and accessories. Here you will find a list of possible sources of income such as sales from kitchen remodeling contractors, home improvement stores, and online retailers.

Projecting Expenses

In this section, all the regular expenses related to keeping the kitchen sinks products business running will be described. The list of operating expenses includes inventory costs, wages, advertising and marketing, utilities, maintenance and repairs, rent, insurance policies, and others.

Some of the key companies operating in the kitchen sinks market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In October 2022, Kohler Co. launched the Cast Iron Sink Collection, offering a range of kitchen sinks in different sizes and configurations.

– In September 2022, Franke launched a new range of stainless steel sinks with innovative features such as adjustable feet for better stability and sound-absorbing pads for a quieter cleaning.

– In August 2022, Elkay Manufacturing Co. launched a new range of kitchen sinks with a unique design and a variety of installation options.

Some of the prominent players in the kitchen sinks market include:

– Kohler Co.
– Franke Group
– Elkay Manufacturing Co.
– Blanco GmbH + Co. KG
– American Standard Brands
– Moen Incorporated
– GROHE
– Houzer Inc.
– Kraus USA, Inc.
– Kindred Group

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global kitchen sinks products market based on material, type, distribution channel, and region:

1. Material Outlook (Revenue, USD Million, 2017 – 2030)

– Stainless Steel
– Composite
– Cast Iron
– Others

2. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Single Bowl
– Double Bowl
– Triple Bowl
– Others

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Major Trends in the Kitchen Sinks Market?
[A]: The global kitchen sinks market is expected to be driven by increasing demand for stainless steel and composite sinks, increasing demand for multi-utility sinks and single bowl sinks, and the increasing demand for non-conventional sinks such as corner, apron-front and integrated sinks. Furthermore, the advancement of technology and the rising trend of smart kitchens are also expected to contribute to the growth of the market.

[Q]: What are the Growth Opportunities in the Kitchen Sinks Market?
[A]: The kitchen sinks market offers tremendous growth opportunities, especially in regions such as Asia Pacific, due to the rising disposable incomes and growing urbanization. Furthermore, the rising trend of smart kitchens and the increasing demand for single bowl sinks are expected to fuel the growth of the market. Moreover, the increasing demand for eco-friendly and energy-efficient kitchen sinks is expected to create lucrative opportunities in the market.

[Q]: What are the Key Factors Restraining the Growth of the Kitchen Sinks Market?
[A]: The high cost of installation, maintenance and repair are some of the key factors constraining the growth of the kitchen sinks market. Additionally, the presence of many local players in the market is also expected to hinder the growth of the market.

[Q]: Who are the Key Players in the Kitchen Sinks Market?
[A]: Some of the key players in the kitchen sinks market are Kohler Co., Franke Holding AG, Elkay Manufacturing Co., BLANCO GmbH & Co. KG, and DXV by American Standard.

[Q]: Which Region Offers the Largest Opportunity for Sales of Kitchen Sinks?
[A]: North America is expected to be the most lucrative region in the kitchen sinks market, due to the increasing demand for energy-efficient and eco-friendly kitchen sinks and the increasing trend of smart kitchens. Additionally, the presence of a large number of leading players in the region is also expected to fuel the growth of the market.