Technavio has been monitoring the bathroom sinks market and it is poised to grow by USD 1.92 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Bathroom Sinks Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Based on segmentation by the end-user, which is the leading segment in the market?
- The residential sector is expected to be the leading segment in the global market during the forecast period.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 4%, the incremental growth of the market is anticipated to be USD 1.92 billion.
- Who are the top players in the market?
- BLANCO GmbH + Co. KG, Duravit AG, Elkay Manufacturing Co., FRANKE Holding AG, JOMOO Kitchen & Bath Co. Ltd., Kohler Co., LIXIL Group Corp., Moen Inc., Roca Sanitario SA, and Toto Ltd. are some of the major market participants.
- What are the key market drivers and challenges?
- Increase in building refurbishment activities is one of the major factors driving the market. However, the fluctuations in raw material prices restraints the market growth.
- How big is the APAC market?
- The APAC region will contribute 41% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BLANCO GmbH + Co. KG, Duravit AG, Elkay Manufacturing Co., FRANKE Holding AG, JOMOO Kitchen & Bath Co. Ltd., Kohler Co., LIXIL Group Corp., Moen Inc., Roca Sanitario SA, and Toto Ltd. are some of the major market participants. The increase in building refurbishment activities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Bathroom Sinks Market 2020-2024: Segmentation
Bathroom Sinks Market is segmented as below:
- North America
- South America
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Bathroom Sinks Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bathroom sinks market report covers the following areas:
- Bathroom Sinks Market Size
- Bathroom Sinks Market Trends
- Bathroom Sinks Market Analysis
This study identifies the growing trend of semi-recessed sinks as one of the prime reasons driving the bathroom sinks market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Bathroom Sinks Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist bathroom sinks market growth during the next five years
- Estimation of the bathroom sinks market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the bathroom sinks market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bathroom sinks market vendors
Table of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential – Market size and forecast 2019-2024
- Non-residential – Market size and forecast 2019-2024
- Market opportunity by End-user
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- BLANCO GmbH + Co. KG
- Duravit AG
- Elkay Manufacturing Co.
- FRANKE Holding AG
- JOMOO Kitchen & Bath Co. Ltd.
- Kohler Co.
- LIXIL Group Corp.
- Moen Inc.
- Roca Sanitario SA
- Toto Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.