The global janitorial sinks market is projected to reach a value of USD 810.4 million in 2023. Future Market Insights estimates the market will grow at a CAGR of 6.3% from 2023 to 2033, reaching USD 1,409.2 million by the end of the forecast period.
The demand for janitorial sinks is growing due to a rise in construction activities, improved access to clean water and sanitation in emerging markets, and an increasing number of renovation projects in developed regions. The shift towards more modern, stylish homes and the upgrading of outdated kitchens are further fueling this demand. Urbanization is accelerating as more people relocate to cities in search of better transportation and healthcare services. Additionally, the expansion of the hotel industry, driven by faster, more affordable, and convenient global travel, is also boosting the demand for janitorial sinks.
Key Takeaways from the Market Study
- Sales of the global janitorial sinks market expanded at a CAGR of 5.9% from 2018 to 2022
- The Asia Pacific market in India for global janitorial sinks market is likely to grow at a CAGR of 6.18%
- The North American market for the global janitorial sinks market is likely to expand at 32.6%.
- Undermount janitorial sinks are expected to generate maximum demand for the global janitorial sinks market.
- Commercial Sales of janitorial sinks to drive market growth
- The European market in Russia is said to have market growth contributing to a growth of 5.73%
- Stainless steel janitorial sink is said to dominate the market.
- The stainless steel market is expected to increase at a CAGR of 3.2%.
- Undermount sinks account for a notable share of 44.2% in the compartment sinks market.
Competitive Landscape
Some of the prominent players in the global market are-
- Elkay Manufacturing Company
- Franke Holding AG
- Just Manufacturing Company
- BK Resources
- Advance Tabco
- Aero Manufacturing Company
- Krowne Metal Corporation
- John Boos & Co.
- Tarrison Products Ltd.
- Acero Stainless Inc.
Some of the crucial developments of the key players in the market are:
- In January 2023, Kohler, a brand that has been a staple in the design industry for 150 years, is perfectly poised to set innovative trends that change the game—and then come back to pay homage to them years later. That’s exactly what the brand plans to do with the release of its Heritage Colors collection debuting summer of 2023.
Key Segments Profiled in the Market
By Type:
- Freestanding Sinks
- Wall-Mounted Sinks
- Drop-In Sinks
- Undermount Sinks
By Material:
- Stainless Steel Sinks
- Porcelain Sinks
- Composite Sinks
- Other Materials
By Application:
- Commercial
- Residential
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/janitorial-sinks-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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