Bathroom Sinks Market size to increase by USD 1.84 Bn| Technavio’s Research Insights highlight Increase in Building Refurbishment Activities as Key Driver – The Auto Channel
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Vendor Insights
The global bathroom sinks market is fragmented in nature due to the presence of several global and regional players.
The growing competition in the market is compelling vendors to adopt various growth strategies such as focusing on technological advancements and innovations to compete in the market.
For Instance, Duravit AG offers variety of bathroom sinks under categories such as washbowls, wall-mounted basins, vanity basins, double washbasins, hand rinse basins, and others.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
APAC will provide maximum growth opportunities in the bathroom sinks market during the forecast period. According to our research report, the region will contribute 41% of the global market growth share and is expected to dominate the market through 2025. China and Japan will emerge as the key revenue-generating economies in the region due to the growing residential sector.
In addition, countries such as the US, China, UK, France, and Japan are expected to emerge as prominent markets for bathroom sinks during the forecast period.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. www.technavio.com/report/bathroom-sinks-market-industry-analysis
Key Market Trends & Challenges:
The report identifies the growing popularity of semi-recessed sinks as one of the major trends influencing the market growth positively during the forecast period. These sinks combine the convenience of an undermount sink and the contemporary look of a vessel sink. In addition, the semi-recessed sinks offer more vanity space and have closer tap landings, making them an ideal choice not only for elders but also for children. Furthermore, the rising need for space-saving sinks in modern households will further fuel the bathroom sinks market growth in the upcoming years.
Most of the raw materials used for manufacturing bathroom sinks including ceramic, concrete, granite, polyester, stainless steel, stone, and others are sourced and obtained based on purchase orders. Any changes in the prices of these raw materials usually impacts the overall production costs. Fluctuations in the prices of raw materials, thus, poses to be the biggest threat to the market. Increment in the material costs will further lead to rise in the production costs, in turn, inflating the price of the final product.
View free sample for highlights on market Trends & Challenges affecting the bathroom sinks market.
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