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 marketwith 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.
According to a new Fact.MR study, the bathroom sink market is poised to expand at a value CAGR of 7%, and create an absolute $ opportunity of US$ 8.2 Bn by 2030-end.
Bathroom Sink Market Insights by Application
Bathroom sinks find usage in both, residential and non-residential buildings. Increasing corporate spaces, co-working spaces, and restaurants are creating mounting demand for bathroom sink products. Global and regional players are focusing on promotional activities, which is creating increased demand for bathroom sink products. This surge in promotional activities will lead to growing number of residential buyers over the forecast period. The residential bathroom sinks segment is expected to be valued at US$ 13.6 Bn by 2030, experiencing a growth rate of 7% during 2023-2030.
Non-residential applications with respect to the bathroom sink market are projected to gain momentum and create an absolute $ opportunity of US$ 1.4 Bn during the forecast period. These applications are estimated to account for 16.3% revenue share of the global market by 2030-end.
Following Questions Answers Covered in the Report are:
- How will the global Bathroom Sink Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Bathroom Sink Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Bathroom Sink Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Get More Insights –http://www.globenewswire.com/en/news-release/2018/06/05/1517002/0/en/Demand-for-Airport-Catering-Trucks-to-Surpass-3-Billion-Units-by-2028-Increasing-Adoption-in-Commercial-Airports-Creating-Opportunities.html
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Bathroom Sink Market report answers the following queries:
- What is the largest share held by key players in the market?
- What strategies have proven most advantageous in the Bathroom Sink Market?
- Which region promises largest opportunity for new investors during the forecast period 2023 to 2031?
- What factors will most likely present challenges to growth during the forecast period?
- What will be the value of total revenues, and at what CAGR will the growth compound during the forecast period 2023 to 2031?
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