Water Sink Market - By Product Type (Fixed Water Sink, Portable Water Sink), By Installation Type (Drop-in, Under Mount, Workstation Sinks, Others [Bar Sinks etc.]), By Material, By Configuration, By Application, By Distribution Channel, Forecast 2024 – 2032

Water Sink Market Size

Water Sink Market size was valued at around USD 9.5 Billion in 2023 and is anticipated to register a CAGR of 5.6% between 2024 to 2032, due to rising urbanization and construction activities. With the development of new residential and commercial buildings in urban areas, there is an increasing need for proper sanitation facilities.
 

According to the U.S. Department of Housing and Urban Development, privately?owned housing units authorized by building permits in February 2024 were at a seasonally adjusted annual rate of 1,518,000. While privately?owned housing starts in February were at a seasonally adjusted annual rate of 1,521,000. As per the data from Federal Statistical Office, German building authorities approved 19,300 new homes in September 2023. While as per the EPC data, 237,000 new homes were built in the year to September 2023. Additionally, in March 2024, Higher Planning Committee of the Civil Administration in Israel approved the plans to development of 3,476 settler homes.
 

On the other hand, the growing trend of smart cities and sustainable infrastructure with the integration of smart technology in water sink, such as water flow sensors and automated cleaning systems, has also led to the incorporation of advanced sink system in buildings, further propelling the water sink market growth. These advancements not only improve the overall functionality and hygiene of the products, but also make them more appealing to users who are increasingly conscious about environmental sustainability.
 

The market is facing challenges from the increasing prices of raw materials. The production of water sinks requires various materials such as stainless steel, ceramic, and granite/quartz, which have all seen a steady increase in prices. This not only affects the manufacturing costs but also impacts the final price of the product, making it less attractive to price-sensitive consumers.
 

Water Sink Market Trends

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 under-mount sink, which faultlessly blends with the countertops for a seamless look. These timeless sink styles make it easier than ever to upgrade kitchen with a sink that complements any overall design aesthetic.
 

While one of the top kitchen sink material trends is the increasing popularity of composite granite sinks. These sinks are known for their durability, resistance to scratches and stains, and their sleek, modern look.  Another material trend that is gaining popularity in modern kitchens is stainless steel sinks with a matte finish. This trend offers a contemporary and sophisticated vibe to the kitchen, while also providing durability and resistance to corrosion.
 

Water Sink Market Analysis

Based on type, the market can be segmented into fixed water sink, portable water sink. In 2023, the fixed water sink segment accounted for revenue of around USD 7.7 billion in the year 2023 and expected to reach USD 12.4 billion by 2032. Governments around the world have implemented regulations and incentives to promote the use of water-efficient fixtures, including fixed water sinks.
 

For instance, in the United States, the Environmental Protection Agency (EPA) has implemented the Water Sense program, which certifies water-efficient products and encourages their use through public education. This has created a favorable market environment for fixed water sinks, as consumers are more likely to choose these products in order to comply with regulations.
 

Furthermore, advancements in technology have led to the development of more efficient and durable fixed water sinks. Manufacturers are constantly innovating and improving their products to meet the growing demand for water-saving fixtures. This has resulted in the availability of a wide range of fixed water sinks with different designs, materials, and features to cater to the diverse needs of consumers. For instance, some sinks now come with touchless technology, allowing 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 categorized into drop-in, under mount, workstation sinks, and others. In 2023, drop-in water sink segment accounted for revenue of around USD 5.3 billion in the year 2023 and expected to reach USD 8.6 billion by 2032. A drop-in water sink is a popular choice for both residential and commercial application due to its versatile design and ease of installation. This type of sink is designed to sit on top of a countertop or vanity, with the edges resting on the surface. The design allows for a quick and simple installation process, making it a great choice for renovations or new construction projects.
 

Additionally, integration of advanced features like touch-free activation and water efficiency in drop-in water sink are gaining popularity, showing a clear shift towards kitchens that incorporate technology for convenience. At the same time, an emphasis on sustainability and design harmony demonstrates that consumers want their sinks to be eco-friendly and aesthetically pleasing, seamlessly integrating with the overall kitchen design.
 

Asia Pacific dominated the water sink market with revenue of around USD 3.8 billion in the year 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 on the rise. This has led to a surge in construction activities, particularly in countries like China, India, and Japan. As a result, the demand for water sinks, which are an essential component in any building, has increased significantly.  
 

As per the National Bureau of Statistics of China, in the first half of the year 2023, the investment in real estate development was USD 827 billion (5,855.0 billion yuan) among them, the investment in residential buildings was USD 628 billion (4,443.9 billion yuan). Furthermore, the construction industry in India is anticipated to reach USD 1.4 trillion by 2025, according to the government reports.
 

Water Sink Market Share

Key players involve in the water sink market are Kraus Plumbing LLC, Duravit AG, Franke Group, LIXIL Corporation, and Elkay Manufacturing Company accounting market share of 8-12% in 2023. Manufacturers in the market investing heavily in research and development to come up with new and improved sink designs that are not only aesthetically pleasing but also built with advanced technology. These manufacturers are also investing in partnerships and collaborations with popular home improvement shows and influencers to showcase their sinks in real-life settings. Manufacturers in the market are also competing on price, with many offerings competitive pricing strategies to attract price-sensitive consumers.
 

Water Sink Market Companies

Major companies operating in the water sink industry include:

• Acorn Engineering Company, Inc.
• Carysil
• CERA
• Duravit AG
• Elkay Manufacturing Company
• Franke Group
• GROHE Pacific Pte Ltd.
• Hindware Appliances
• Kohler Co.
• Kraus Plumbing LLC
• LEFTON
• LIXIL Corporation
• Pelham & White Corp.
• Ruvati
• Sinkology
   

Water Sink Industry News

• 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 safe up to 535°F. The material is naturally sound deadening, which minimizes sound and vibration for a quieter time at the sink.
   
• In February 2024, Kohler has launched cairn kitchen sinks crafted from Neoroc, Kohler’s proprietary matt composite sink material which is a durable composite material. Kohler’s entry into the Indian kitchen sinks market, reinforcing its commitment to innovation and excellence in both bath space and kitchen solutions.
   
• In July 2023, Franke has expanded its Maris MRG Fragranite range with a new oyster finish. All products in the range are available in single bowl models, but also a 1.5 bowl option with a reversable small bowl, each of which is treated with an antimicrobial coating. each sink is designed to fit cabinets from 450mm to 800mm and has a sink depth of 200mm.
   

The water sink market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Type, 2021 – 2032

• Fixed Water Sink
• Portable Water Sink

Market, By Installation Type, 2021 – 2032

• Drop-in
• Under Mount
• Workstation Sinks
• Others (Bar Sinks etc.)

Market, By Material, 2021 – 2032

• Stainless Steel
• Granite/Quartz
• Cast Iron Sink
• Fireclay Sink
• Others (Copper Sinks etc.)

Market, By Configuration, 2021 – 2032

• Single Bowl sink
• Double Bowl sink

Market, By Application, 2021 – 2032

• Residential
• Commercial

Market, By Distribution Channel, 2021 – 2032

• Direct Sales
• Indirect Sales

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • 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 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA