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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global Kitchen Sinks Market Outlook, 2019-2023 With Franke Management, Kohler Co, Middleby Corporation, Schock, and Teka Group Dominating - ResearchAndMarkets.com

February 20, 2019

DUBLIN--(BUSINESS WIRE)--Feb 20, 2019--The “Global Kitchen Sinks Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The kitchen sinks market will register a CAGR of about 4% by 2023.

The APAC is expected to be the major contributor to the global residential building construction market led by rising urbanization and growing disposable income. As houses are considered a long-term asset, people started investing in them to secure the future. In addition, house owners can rent the house, as rent is a non-detectible expense.

The growth in residential building construction is expected to increase the demand for kitchen sinks. Stainless steel single-bowl kitchen sinks with drainer boards are the most commonly used kitchen sinks in regular residential buildings.

However, for premium residential buildings, handcrafted and fireclay kitchen sinks are used. Handcrafted kitchen sinks are more expensive than ordinary stainless-steel sinks.

Expanding global restaurant industry

The commercial restaurant services are the major contributors to the global restaurant industry. The adoption of omnichannel sales strategy by the restaurant players has increased their overall sales. The growth in the sales is expected to increase the demand for kitchen sinks globally.

Fluctuating raw material prices

Stainless sinks are the most commonly used kitchen sinks globally. Stainless steel is extracted from iron ore; therefore, the volatility in iron ore prices will directly impact the price of stainless steel. The fluctuation in stainless steel prices is expected to continue during the forecast period.

Competitive Landscape

The market appears to be moderately concentrated with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY END-USER

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/research/lwzjm5/global_kitchen?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190220005773/en/

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Related Topics:Plumbing Fixtures

KEYWORD:

INDUSTRY KEYWORD: HOME GOODS RETAIL CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/20/2019 12:55 PM/DISC: 02/20/2019 12:55 PM

http://www.businesswire.com/news/home/20190220005773/en