The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Bathroom Sink market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Bathroom Sink
The report offers actionable and valuable market insights of Bathroom Sink. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Bathroom Sink Market across various industries and regions.
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The growing infrastructure industry, in both, residential and non-residential application areas, is to drive the demand for bathroom sinks over the forecast period (2020-2030). Wall-mounted sinks, under-mount sinks, top-mount sinks, integrated sinks & countertops, wash-plane sinks, and console sinks are some of the available types according to usage needs.
This customized availability has resulted in creating numerous opportunities for the bathroom sink market with respect to application-specific usage. As the focus on better sanitization activities becomes strong, worldwide, market players are eyeing potential opportunities in unexplored markets. Highly populous Asian countries, in particular, offer a huge customer base for leading manufacturers of bathroom sinks and other sanitation-related products.
This newly published and insightful report sheds light on Market Insights of Bathroom Sink, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Bathroom Sink Market.
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Bathroom Sink Market: Segmentation
Fact.MR has studied the bathroom sink market with detailed segmentation on the basis of product type, application, and key regions.
Product
- Under-mount Sinks
- Top-mount Sinks
- Pedestal Sinks
- Vessel Sinks
- Integrated Sink and Countertops
- Semi recessed Sinks
- Wall-mounted Sinks
- Washplane Sinks
- Console Sinks
Application
- Residential
- Non-residential
Region
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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Bathroom Sink Market: Competitive Analysis
Bathroom sink companies focus on product customization and innovation with respect to different type of sinks. Companies are offering bathroom sinks in varied styles, colors, shapes, and texture in order to meet different requirements associated with various applications.
Prominent global players in the bathroom sink market include Kohler Co., LAUFEN Bathrooms AG, LIXIL Group Corp., Meon Inc., Roca Sanitario, S.A., Duravit, Annwa, and Huida Sanitary Ware. Furthermore, key players such as Kohler Co. have announced taking steps to scale up production capacity to meet the mounting demand across the globe.
Key Takeaways from Bathroom Sink Market Study
- Under-mount sinks are estimated to account for 24.4% share of the total market revenue in 2020, and lose 75 BPS in their market share by 2030 over 2020.
- The integrated sinks and countertops segment is set to influence the growth strategies of market players, and are expected to contribute revenue worth US$ 1.1 Bn in 2020, and US$ 2.1 Bn by 2030, progressing at a CAGR of 6.5% during the forecast period.
- Sales of bathroom sinks for residential applications have registered a notable growth rate over the historical period. This segment is expected to record a CAGR of 7% and create an absolute $ opportunity of US$ 6.7 Bn during the forecast period.
- The Asia Pacific bathroom sink market is projected to hold a prominent share of the global market value.
- The bathroom sink market in MEA is projected to register a higher growth rate than average in terms of value during the forecast period.
- The COVID-19 outbreak has led to decreased demand, along with supply chain disruptions, as a result of lockdowns and travel restrictions across the world. However, rising focus of governments on hygiene and sanitation will shore up demand in the future.
“Increased expenditure from regional governments towards better sanitation facilities is expected to create numerous growth opportunities for bathroom sink market players,” says a Fact.MR analyst.
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