Wash basins: Key market research findings
- Growing popularity of wall-hung wash basins
- Increase in demand for dual sinks
Technavio has released a new market research report on the global wash basins market, which is expected to grow at a CAGR of 9% between 2016 and 2020. Rise in travel and tourism has pushed construction companies to construct hotels that are aesthetically appealing and hygienic, which has triggered the demand for wash basins across the globe. APAC leads the global market for wash basins, accounting for 45% of the total market share. Rise in urban development in the region has boosted the installations of premium design wash basins.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Wall hung wash basins are gaining prominence in this market owing to the limited space they occupy. These basins do not need to be mounted on pedestals, hence they are primarily used in cloakrooms to avoid tight walk-throughs. Also, they have flexible tap connectors and the waste can be removed using a bottle trap. Consumers prefer wall hung wash basins as they provide a clear floor space,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research.
Vendors are offering dual sinks in the market, as these help in multitasking such as washing dishes in one sink and rinsing them in the other. Duals sinks are a substitute for dishwashers, where the larger one is used for cleaning dishes, and the other is used as a prep sink. Also, these sinks are convenient for washing large utensils and pans.
The key vendors in the global wash basins market include Duravit, Hansgrohe, Jaquar, Kohler and TOTO. Several start-ups and large firms are expected to enter the market during the forecast period. The market shares of key players are under threat due to the presence of a large number of domestic players. Vendors are investing in designing, planning, developing, branding, expanding existing facilities, and acquiring new players in the market.
A more detailed analysis is available in the Technavio report, Global Wash Basins Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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