DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Bathroom Sinks Market 2017-2021" report has been added to Research and Markets' offering.
The global bathroom sinks market to grow at a CAGR of 5.19% during the period 2017-2021.
Global Bathroom Sinks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The latest trend gaining momentum in the market is Growing trend of semi-recessed sinks. Semi-recessed sinks are the emerging trend in the bathroom sink industry. Semi-recessed sinks combine the convenience of an undermount sink and the contemporary look of a vessel link. Semi-recessed sinks are designed to give more vanity space as these sinks overhang the counter very slightly, giving more space on the counter. Semi-recessed sinks have proved to be easy for children to operate as the tap landing is often close to the person using the sink. A need for space-saving sinks mainly in urban areas where there are very few chances to have a spacious bathroom is leading to the growing demand for semi-recessed sinks.
According to the report, one of the major drivers for this market is Increase in building refurbishment activities. There is growing trend of home improvement and repair spending around the world. Construction spending on remodeling activities is witnessing a continuous growth in American and European markets. Rising disposable income coupled with the growing awareness about home dcor is expected to drive renovation and remodel activities, thereby fueling the demand for bathroom sinks. The refurbishment market is driven by growth in per capita disposable income and employment. Home prices are expected to rise during the forecast period, facilitating an increase in demand for refurbishment services as homeowners often leverage the value of their homes through loans to fund remodeling projects.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in raw material prices. Bathroom sinks are typically made up of different materials such as ceramic, concrete, copper, glass, granite, marble, nickel, plastic, polyester, stainless steel, and stone. To cater to various customer needs, bathroom sinks usually come with a wide range of styles, colors, and finishes. Typically, vendors in the bathroom sink market rely on third-party manufacturers as a source of finished product. Most of the raw materials are sourced good and obtained on the basis of purchase order. Any change in raw material prices will adversely affect the production cost of bathroom sinks.
- LAUFEN Bathrooms
- LIXIL Group
Other prominent vendors
- Huida Sanitary Ware
- Jomoo Kitchen & Bath
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/djfwrt/global_bathroom
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets