Bathroom Sinks Market: Potential Effect On Upcoming Future Growth, Competitive Analysis And Forecast 2018 - 2026
A bathroom sink is a fixture, which is also known as hand basin or wash basin, usually used to wash hands. A modern bathroom sink improves the look and functionality of the bathroom, reserved for personal hygiene. Bathroom sinks are usually made up of glass, marble, ceramic, and granite, and is considered as bathroom vanity. These sinks are attached with faucet, which supplies cold and hot water, however some bathroom sinks even have spray feature for faster rinsing. These sinks tend to be more stylish with varied colors and artistic finishes than kitchen sinks and counterparts. Sinks are made and available in variety of designs and shapes, which include oval, round, curves, Victorian styles, and modern angular forms among others. Moreover, bathroom sinks combined with a countertop and vanity cabinet are the most preferable among homeowners as vanity cabinet hides plumbing and provides storage for shaving, make-up, and legions of toiletries.
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The key factors driving the market are the changing consumer preferences, redefining the way bathroom is conceptualized, coupled with rising reconstruction and remodeling activities. The market is expected to witness significant growth during the forecast period due to the rising disposable income and the need for modular bathrooms. In addition, growing preference towards eco-friendly materials including reused glass and engineered stones is projected to trigger the demand for bathroom sinks. Bathroom sinks come in a number of designs, sizes, shapes, price ranges, and can also be customized according to consumer requirement, depending on the budget, taste, and personal preference. In addition, consumers can color- coordinate the sinks with the bathroom tiles or can contrast it with the house theme. The market is majorly driven by the residential construction industry and is expected to grow at a fast pace in the near future. In addition, rise in construction industry in emerging economies of Asia Pacific such as China and India are creating opportunities for the market growth.
The global bathroom sinks market can be segmented based on type, material, application, distribution channel, and region. Based on type, the bathroom sinks market can be classified into wall mounted, drop in, pedestal, under mount, and others (corner, tabletop). In terms of material, the bathroom sinks market can be categorized into stone, ceramic, metal, and glass. Based on application, the market can be divided into residential and non-residential. In terms of distribution channel, the bathroom sinks market can be classified into hypermarkets/supermarkets, specialty stores, online retailers, and others (brand outlets, independent vendors, etc.).
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In terms of region, the global bathroom sinks market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is anticipated to dominate the global bathroom sinks market, followed by North America and Asia Pacific. North America and Europe are anticipated to account for a major bathroom sinks market share, due to high spending rate in the regions. Moreover, rapid urbanization, developing infrastructure facilities, and growth of the construction industry in emerging countries such as India and China are boosting sales of bathroom sinks in Asia Pacific region. The popularity of modular bathrooms is expected to increase in the coming years and will be one of the major trends during the forecast period.
Some of the leading manufacturers in the bathroom sinks market are Kohler Co., Laufen Bathrooms AG, Lixil Group Corporation, Moen, TOTO Ltd., The BLANCO Group, Duravit AG, Elkay Manufacturing Company, Franke Holding AG, JOMOO Group, and Roca among others. Manufacturers are increasing their R&D capabilities to diversify their product range and are also making efforts to enhance product quality. Players are anticipated to face competition due to the presence of several local vendors. The entry of new players, pricing competition, and mergers & acquisitions are further intensifying the level of competition among manufacturers in the sanitary ware industry. This is likely to lead to the introduction of many advanced products in the bathroom sinks market during the forecast period.
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