India Kitchen Sink And Other Related Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 221.5 Million |
| Market Size (2029) | USD 387.21 Million |
| CAGR (2024 - 2029) | 9.76 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Kitchen Sink And Other Related Market Analysis
The India Kitchen Sink And Other Related Markets Industry is expected to grow from USD 221.5 million in 2024 to USD 387.21 million by 2029, at a CAGR of 9.76% during the forecast period (2024-2029).
India is witnessing a surge in urbanization, with projections suggesting its urban population could soar to 600 million by the forecast period. This urban shift drives a rising demand for housing, commercial spaces, and infrastructure, propelling the Indian real estate sector to unprecedented levels. In the current year, demand for residential properties in India's top 8 cities peaked, especially in the mid-income, premium, and luxury segments, despite challenges like escalating mortgage rates and property prices. This positive trajectory is expected to persist through the next year. As residential constructions and renovations surge, the need for modern kitchen fixtures, particularly sinks, is rising. Stainless steel sinks, a mainstay, excel in storing and cleaning cutlery and cookware.
Indian manufacturers prioritize the functionality of these sinks and their aesthetic appeal. A simple wipe-down restores their mirror-like shine. Once relegated to garages and rentals, these sinks now adorn high-end kitchens, thanks to their clean lines and smooth finishes that enhance the kitchen's visual allure. The market is witnessing a surge in demand for kitchen sinks that underscore cleanliness, mirroring the heightened focus on hygiene. Undermount sinks, which sit beneath the countertop, are gaining favor for their seamless, contemporary look and easy cleanup, devoid of crevices that trap dirt.
India Kitchen Sink And Other Related Market Trends
Berlin Leads in Total Warehousing Take-up
Boosted by rising transparency and attractive returns, private investments in India's real estate sector are increasing. Private equity investments in the sector surged to a notable USD 4.2 billion in the previous year. In a standout quarter, Q2 of the previous year saw the sector draw in a hefty USD 1.92 billion in private equity (PE) investments. Highlighting its allure, foreign direct investment (FDI) in India's real estate, spanning construction, reached a significant USD 58.5 billion. In addition, foreign institutional investments in the sector have tripled, amassing USD 26.6 billion. This surge in private investments is underpinned by regulatory reforms, enhanced market transparency, and the allure of high returns, collectively making the sector increasingly appealing to domestic and international investors.
Fashion and Apparel Segment to Lead in Revenue
The global smart home built-in appliances market is growing, driven by the increasing adoption of smart homes, advancements in home automation, and a rising preference for home-cooked meals. Heightened home renovation activities, especially in the Western regions, are accelerating the uptake of smart appliances. With enhanced features, these appliances are becoming more user-friendly, enhancing their appeal to consumers. While India's smart home market is nascent, it stands poised for significant expansion in the coming years. Major cities like Bangalore, Delhi, Mumbai, and Pune are leading in India's adoption of smart homes.
Bright kitchen sinks, controllable via smartphones or tablets, are gaining popularity globally in both residential and commercial settings, and integrating intelligent sensors and heightened convenience fuel the growing interest in these sinks. The increasing prevalence of smart homes, particularly those with modular kitchens, bolsters the demand for intelligent kitchen sinks in India. Technological advancements, such as IoT integration in kitchen appliances (e.g., AI-powered refrigerators) and the region's rising disposable incomes, especially in the North, are key drivers of market growth.
India Kitchen Sink And Other Related Industry Overview
The Indian kitchen sink and other related markets exhibit a fragmented landscape. Our report focuses on prominent players in this sector. Presently, a few key players hold significant market shares. Yet, as technology advances and product innovation surges, mid-sized and smaller firms expand their footprint, achieving this by securing fresh contracts and exploring untapped markets. Some prominent players include Carysil Limited, Nirali Sinks, Franke India, Jayna Kitchens, and Neelkanth Sinks.
India Kitchen Sink And Other Related Market Leaders
-
Carysil Limited
-
Nirali Sinks
-
Franke India
-
Jayna Kitchens
-
Neelkanth Sinks
*Disclaimer: Major Players sorted in no particular order
India Kitchen Sink And Other Related Market News
- In June 2024, Ruhe, a manufacturer, introduced a Nano 304-Grade Kitchen Sink. This innovative sink features an Integrated Waterfall, Pull-Out, and RO Faucet, measuring 30 x 18 x 9 inches.
- In February 2024, Kohler's recent introduction of the Cairn kitchen sinks in India signifies its debut in the market. This step underscores Kohler's dedication to pioneering innovations and top-tier solutions, not just in bathrooms but also in kitchens.
India Kitchen Sink And Other Related Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Urbanization is Driving the Market
4.2.2 Increased Spending on Home Decor and Adoption of Products in the Commercial Sector
4.3 Market Restraints
4.3.1 Lack of Awareness Among Consumers in India
4.3.2 Changing Raw Material Prices Poses a Significant Challenge to the India Kitchen Sink and Countertop Market
4.4 Market Opportunities
4.4.1 Rising Millennials Population Will Create Opportunities for New Design Countertops
4.5 Value Chain / Supply Chain Analysis
4.6 Porters 5 Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Innovations in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Number of Bowls
5.1.1 Single
5.1.2 Double
5.1.3 Multi
5.2 By Material
5.2.1 Metallic
5.2.2 Granite
5.3 By Market
5.3.1 Kitchen Sink Market
5.3.2 Stainless Steel Market
5.3.3 Quartz Kitchen Sink Market
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 Carysil Limited
6.2.2 Nirali Sinks
6.2.3 Franke India
6.2.4 Jayna Kitchens
6.2.5 Neelkanth Sinks
6.2.6 Alveus India
6.2.7 Shalimar Sinks
6.2.8 Century Sinks
6.2.9 Cera Sanitaryware
6.2.10 Resteil India*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
India Kitchen Sink And Other Related Industry Segmentation
A kitchen sink is a vital fixture for washing dishes and food preparation. This report will provide a detailed analysis of the kitchen sink and other related markets in India. The report delves into the market dynamics, highlights emerging trends in segment and regional markets, and offers insights into different product and application categories. The report delves into the key players and assesses the competitive landscape.
In India, the kitchen sink market and its related segments are categorized based on the number of bowls ranging from single to multi-bowl sinks. In addition, the segmentation is done by material, with options such as metallic and granite. The market is divided into specific categories, including the kitchen sink market, the stainless steel market, and the quartz kitchen sink market. The report offers market size and forecasts for the India kitchen sink and other related markets regarding revenue (USD) for all the above segments.
| By Number of Bowls | |
| Single | |
| Double | |
| Multi |
| By Material | |
| Metallic | |
| Granite |
| By Market | |
| Kitchen Sink Market | |
| Stainless Steel Market | |
| Quartz Kitchen Sink Market |
India Kitchen Sink And Other Related Market Research FAQs
How big is the India Kitchen Sink And Other Related Markets Industry?
The India Kitchen Sink And Other Related Markets Industry size is expected to reach USD 221.5 million in 2024 and grow at a CAGR of 9.76% to reach USD 387.21 million by 2029.
What is the current India Kitchen Sink And Other Related Markets Industry size?
In 2024, the India Kitchen Sink And Other Related Markets Industry size is expected to reach USD 221.5 million.
Who are the key players in India Kitchen Sink And Other Related Markets Industry?
Carysil Limited, Nirali Sinks, Franke India, Jayna Kitchens and Neelkanth Sinks are the major companies operating in the India Kitchen Sink And Other Related Markets Industry.
What years does this India Kitchen Sink And Other Related Markets Industry cover, and what was the market size in 2023?
In 2023, the India Kitchen Sink And Other Related Markets Industry size was estimated at USD 199.88 million. The report covers the India Kitchen Sink And Other Related Markets Industry historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Kitchen Sink And Other Related Markets Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Kitchen Sink And Other Related Industry Report
Statistics for the 2024 India Kitchen Sink And Other Related s market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Kitchen Sink And Other Related s analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
