Quartz Sink Market Share, Size, Trends, Industry Analysis Report, By Type (Single Bowl, Double Bowl, and Multi Bowl); By Application; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jun-2023
- Pages: 118
- Format: PDF
- Report ID: PM3298
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global quartz sink market was valued at USD 270.82 million in 2022 and is expected to grow at a CAGR of 5.0% during the forecast period. Extensive rise in the spending of various home improvement and development projects and change in the consumer perception for purchasing kitchen sinks, as they are looking for two different kitchen or quartz sinks while buying a new house of remodeling a house are key factors driving the growth of the global market.
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Moreover, increasing trend of innovating new products with advanced and improved features in the products is gaining traction around the world, as a result, manufacturers are highly seeking to develop new products by investing in their research & development activities, that is creating huge growth opportunities for the market. For instance, in March 2021, Toyo Sanitarywares, announced the launch of its new quartz kitchen sinks, that meet the high functional standards demanded by the modern kitchens. The new line of quartz sinks is manufactured from 85% natural quartz along with the acrylic resin that combines aesthetics and functionality together.
Furthermore, the growing proliferation of technologically-integrated kitchen equipment, that helps in improving the kitchen’s aesthetic appeal and simplify various types of daily tasks. In the last few years, modern customers views of the kitchen have drastically changed from being practical to maintaining an orderly and attractive house. As a result. People are constantly or increasingly choosing smart home technologies and several intuitive appliances that might fulfill their unique needs in terms of both usability and simplicity.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the quartz sink market. The rapid emergence of the deadly coronavirus across the globe has negatively affected almost every industry, mainly due to the labor shortages, highly disrupted supply chains, scarcity of several types of raw materials, and temporary closure or shutdown in the manufacturing facilities.
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Industry Dynamics
Growth Drivers
There has been a significant rise in the home décor spending and high product adoption in the commercial sector coupled with the growing demand for the product, as a result of rising building development activities, easy availability of clean water, and sanitary amenities especially in the emerging economies like India, China, Brazil, and Indonesia are the primary factors influencing the global quartz sink market growth at rapid pace.
The trend of moving rural areas to urban areas across the globe is emerging rapidly, as people are extensively moving or shifting to cities in the search of better facilities including healthcare and transportation, due to the which, the hotels and tourism industry has flourishing drastically, which in turn, has propelled the demand and growth of the market.
Report Segmentation
The market is primarily segmented based on type, application, distribution channel, and region.
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By Type |
By Application |
By Distribution Channel |
By Region |
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Double bowl segment is expected to witness highest growth over the forecast period
Double bowl segment is anticipated to grow at the fastest rate over the study period, on account of increasing penetration for the products globally because of its wide range of applications and further allows for the 2 different water sectors to be easily collected, which enable consumers to rinse and both dishes on both sides. Moreover, the major market players are focusing on gaining consumer attention and make their products more adaptable with the help of marketing strategies and initiatives, which is likely to fuel the demand of the product in the near future.
The single bowl segment led the industry with significant share, which is mainly driven by continuously increasing technological innovations in the sink manufacturing industry and rise in the number of nuclear families especially in APAC countries. In addition, several other benefits or features associated with these types of products like less place required for installation, product variation, and cost-effectiveness as compared to other products available in the market are influencing the segment.
Residential segment accounted for the largest market share in 2022
Ease of cleaning, compact design, and high durability of quartz sinks are resulting in significant popularity of product among residentials along with the rapidly growing rate of urbanization and continuously rising number of government-supported construction projects, are among the major factors driving the demand and growth of the market.
The commercial segment is expected to grow at considerable growth rate over the anticipated period, which is highly attributable to surge in the number of various types of commercial outlets including hotels, restaurants, resorts, and others and rapidly increasing adoption of modernized kitchen products to provide aesthetic appeal and improves their overall experience. The double-bowl and multi-bowl quartz sinks are the most preferred by cafes, restaurants, hotels, among others, as it helps in cleaning the utensils faster and much easier, which in turn, has paved the way for higher demand for the product.
Online segment is expected to hold significant market share over the forecast period
Online segment is expected to hold significant market revenue share, owing to rise in the popularity and trend of online shopping among consumers all over the world, as online channels provide wide range of benefits and advantageous features including ease of payment methods, wide range of products to select from, availability of almost all global brands, free delivery, and easy returns among others.
Additionally, the growing number of smartphones users and ease of accessibility to fast internet facilities and high focus on key players on strengthening their online presence are further expected to fuel the segment market. For instance, the total number of smartphone users in the world is approximately 6.92 billion, in February 2023 with a significant rise of around 49.4% from 2016, and this figure is further expected to reach 7.33 billion users by the end of 2025.
Europe region dominated the global market in 2022
The Europe region dominated the global market, with a healthy revenue share and is projected to maintain its dominance throughout the forecast period. The growth of the regional market can be largely attributed to change in consumer lifestyle and rise in the investment on the development of elegant-looking products by key market players coupled with the increasing number of new residential construction activities in countries like Germany, France, and UK.
Asia Pacific region is anticipated be the fastest emerging region during the projected period, owing to rapid increase in the population and their drastically rising purchasing parity along with the growing prevalence of restaurants and hotels and heavily investing on commercial construction projects. Moreover, the increasing penetration for the adoption of clean cooking facilities and surging popularity of online shopping websites in the region are also likely to contribute positively towards the market growth.
Competitive Insight
Some of the major players operating in the global quartz sink market include Kohler Co., Elkay Manufacturing, Oliveri Solutions, Moen Incorporated, Acrysil Ltd., Ruvati USA, Astracast, Franke Holding, BLANCO, Teka Group, Dornbracht Deutschland, OULIN, LIXIL Corporation, Tasman Sinkware, Mountain Plumbing Products, Kraus USA, and Crown Products.
Recent Developments
- In December 2021, Delta Faucet, announced the expansion of its kitchen product offering through the launch of three workstation sink collections. The new line of products provides high quality with transformative design.
- In August 2021, Acrysil, announced about the further expansion of its production capacity by additional 160,000 quartz sinks per year through the greenfield project in Gujrat, India. The capacity expansion in the production capacity is mainly to meet the growing need and demand of quartz sinks around the world, and the project is estimated to be completed by the first quarter of 2023.
Quartz Sink Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 283.82 million |
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Revenue forecast in 2032 |
USD 440.29 million |
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CAGR |
5.0% from 2023– 2032 |
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Base year |
2022 |
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Historical data |
2019– 2021 |
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Forecast period |
2023– 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Application, By Distribution Channel, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Kohler Co., Elkay Manufacturing Company, Oliveri Solutions, Moen Incorporated, Acrysil Ltd., Ruvati USA, Astracast, Franke Holding AG, BLANCO, Teka Group, Dornbracht Deutschland GmbH & Co. KG, OULIN, LIXIL Corporation, Tasman Sinkware Pty Ltd., Mountain Plumbing Products, Kraus USA Inc., and Crown Products Limited. |
FAQ's
The global quartz sink market size is expected to reach USD 440.29 million by 2032.
Key players in the quartz sink market are Kohler Co., Elkay Manufacturing, Oliveri Solutions, Moen Incorporated, Acrysil Ltd., Ruvati USA, Astracast, Franke Holding, BLANCO, Teka Group, Dornbracht Deutschland.
Europe region contribute notably towards the global quartz sink market.
The global quartz sink market expected to grow at a CAGR of 5.0% during the forecast period.
The quartz sink market report covering key segments are type, application, distribution channel, and region.
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