PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527942
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527942
The U.S. kitchen sinks market is projected to expand significantly in the coming years. Demand for kitchen sinks has been steadily increasing, with the South U.S. holding a dominant share due to high demand from commercial establishments such as hotels and offices.The market is projected to reach a value of $663.35 million in 2024 and is expected to grow to $905.9 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.60%.
Rapidly increasing construction and redevelopment activities have driven sales of kitchen sinks over the past few years. Additionally, technology integration with kitchen sinks has also propelled market growth.
The U.S. market for kitchen sinks is primarily driven by the residential and HoReCa sectors. A growing preference for customizable kitchen sinks has also accelerated market growth. Over the next decade, kitchen sink sales are expected to increase faster than in previous years.
Factors Driving Growth of the U.S. Kitchen Sinks Market
Farmhouse Kitchen Sinks - Perfect Blend of Beauty and Simplicity
The market has witnessed a gradual increase in demand for traditional farmhouse kitchen sinks in the household sector. Consumers now prefer large, single-basin farmhouse kitchen sinks, which offer a perfect blend of beauty and simplicity. Farmhouse kitchen sinks easily fit into various kitchen and bathroom designs that are currently trending. As a result, there has been an increase in demand for farmhouse kitchen sinks from the residential and HoReCa sectors. The design of farmhouse sinks and the variety of materials available have played a significant role in increasing their adoption.
Smart Kitchen Concept Revolutionizing the Industry
The Internet of Things (IoT) has not gone unnoticed by producers of home appliances, who are developing products that communicate with each other. IoT is a network of objects that connects everyday industry equipment to consumers' home appliances. These appliances can share information and complete tasks while people are busy with other activities. Companies are now producing IoT-enabled smart kitchen sinks that offer interactive functionality. Consumers are excited about these developments and are highly preferring IoT devices, which is likely to drive the consumption of smart kitchen sinks over the coming years.
Sustainability Concept Driving Penetration of Eco-Friendly Kitchen Sinks
Rising concerns about health and safety, along with an increased demand for eco-friendly products, are current trends observed in many fields. This trend is also evident in the kitchenware market, where there is growing demand for sustainable products. Consumers now prioritize environmentally friendly kitchen sinks when looking for new sinks, which has enabled manufacturers to increase their sales by catering to this demand. These sinks are typically produced using natural materials such as jute fiber and cement. They are durable, lightweight, and resistant to cracks, stains, and scratches, making them appealing to consumers. These factors are expected to further increase demand for kitchen sinks in the U.S. market.
Shift from Old, Conventional Ways to New, Smart Kitchen Sinks
Kitchens are among the most expensive spaces in both residential and commercial sectors due to the cost of appliances, countertops, cabinets, and other features. The technology used in kitchen appliances raises costs within the kitchen appliances category. Modern kitchens are often open to the rest of the home, and customers want this space to reflect an attractive appearance. Customers are preferring expensive kitchen appliances, which amplifies the need for the renovation of old kitchens, as they want their kitchens to provide an expensive look and feel. Renovation of kitchen cabinetry and replacement of older household items are likely to play a key role in facilitating the growth of kitchen sink sales.
Category-wise Insights
Which Type of Kitchen Sinks are Hugely Popular in the United States?
Undermount kitchen sinks account for a notable share in the U.S. market. Factors such as easy installation and convenience in cleaning have facilitated the large adoption of undermount kitchen sinks in the country. However, other categories are expected to reflect higher growth rates over the forecast period.
Which Material is Popular for Manufacturing Kitchen Sinks?
Granite sinks are expected to reflect high growth rates. The increasing trend of kitchen decor is likely to facilitate the adoption of granite kitchen sinks over the coming years due to the variety of options available. The customization trend is further facilitating the adoption of granite kitchen sinks.
Which End User is Expected to Drive High Market Growth?
The commercial category is projected to drive market growth during the forecast period. Kitchen sink sales in the commercial category, such as the HoReCa sector, are expected to reflect high growth rates.
Impact of COVID-19 on Market
The U.S. kitchen sinks industry has experienced changes due to the pandemic, impacting brick-and-mortar versus online stores, small businesses versus large businesses, and essential versus non-essential retailers. The trend of retail business has been declining over the past few years, with online sales growing exponentially, especially post-pandemic. The impact of the pandemic was severe on commercial sectors such as HoReCa, reducing demand for kitchen sinks in the commercial category.
Competition Analysis
Consumers are always attracted to promotional products. Thus, kitchen sink suppliers in the U.S. market are proposing discounts, free gifts, and exchange offers as a means of effective customer acquisition and retention. Mass consumers always look for cost-effective products. Innovative advertising and promotion will help kitchen sink companies create a positive impact on consumers' minds and push the sales of target products.
Key Companies Profiled
Key Segments Covered in U.S. Kitchen Sinks Industry Research