Bathroom Sink Market Size, Share, Trends and Analysis, Growth and Forecast 2020-2030
Verfasser: ashwani_kailiya on Tuesday, 29 September 2020The bathroom sink market is projected to grow at a 7% value CAGR over the assessment period from 2020 to 2030. As per a recent Fact.MR report, the growing infrastructure sector, in both, non-residential and residential application areas, is to fuel the bathroom sinks demand throughout the assessment period. The COVID-19 pandemic has influenced the consumption and buying habits of the consumers since the enactment of nationwide lockdown, due to the temporary suspension of non-essential products.
"Growing spending from regional governments for better sanitation amenities is likely to generate numerous development prospects for bathroom sink manufacturers," opines FACT.MR analyst.
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Bathroom Sink Market- Critical Takeaways
• In terms of product, the under-mount sinks will be accounting for 24.4% of the overall market revenue share in 2020 and will generate an absolute $ opportunity of US$ 1.9 Billion towards 2030 end.
• Based on application, bathroom sinks sales for residential applications will record a remarkable 7% CAGR over the assessment period.
• Asia Pacific has shown impressive growth in the production and application in the bathroom sink market, registering an 8% CAGR.