According to a new report, published by KBV research, The Global Quartz Sink Market size is expected to reach $348.3 million by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Single Bowl market is leading the Global Quartz Sink Market by Type in 2021; thereby, achieving a market value of $151.3 million by 2028. It is due to the growth of nuclear families and technical advancements in the sinks manufacturing business helped the single bowl category gain a sizable market share. Additional causes for the category growth include the need for less space for installation, different price points, and product variants.
The Commercial market would witness a CAGR of 6% during (2022 - 2028). It is because restaurants, motels, and other commercial establishments proliferate and more sink bowls are required for cleaning and washing, there is an increased need for contemporary kitchen equipment, which further opens up the market for these products. The majority of cafés, restaurants, and hotels choose 2-bowl and multi-bowl quartz sinks because they make washing utensils simpler and faster.
The Offline market has acquired maximum revenue in Global Quartz Sink Market by Distribution Channel in 2021; thereby, achieving a market value of $246.9 million by 2028. It is because to properly comprehend product characteristics, designs, and specifications, consumers strongly prefer to buy kitchen sinks and other items via offline channels like specialty stores. Furthermore, the availability of deals and discounts at these stores is expected to draw customers from both commercial and household settings to purchase kitchen supplies from such retailers.
The Europe market dominated the Global Quartz Sink Market by Region in 2021; thereby, achieving a market value of $116.3 million by 2028. The North America market is experiencing a CAGR of 5.1% during (2022 - 2028). Additionally, The Asia Pacific market is exhibiting a CAGR of 6.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/quartz-sink-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Acrysil Ltd., Moen Incorporated (Fortune Brands Home & Security, Inc.), Oliveri Solutions Pty Ltd (Fletcher Building), BLANCO GmbH + Co KG (Blanc & Fischer Family Holding), Kovinoplastika Lož doo (Alveus), Teka group (HERITAGE B), Franke Group (Artemis Holding AG), Ruvati USA, Dornbracht Deutschland GmbH & Co. KG and Kohler Co.
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Companies Profiled
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