The global built-in double washbasin market is projected to register a robust CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for built-in double washbasins in the residential and commercial sectors.
Washbasins are usually the large bowls that are fitted with taps to wash face or hands. In recent years, built-in double washbasins have become an important part of the residential and commercial spaces. The installation of built-in double washbasins eases up the cleaning process in kitchen. Moreover, their installation in commercial spaces such as malls, restaurants, and hotels enhances the bathroom décor. Industry players are focusing on designing built-in double washbasin that is durable and stain-resistant to entice more consumers.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing adoption of built-in double washbasins among modern apartments, cafes, hotels, offices, and restaurants is expected to fuel the market expansion.
- Rising disposable income is expected to fuel the growth of the market in the emerging economies such as India and China.
- Growing attraction of people, especially among millennials and GenZ, toward the modern toilets and bathrooms is projected to expand the market growth.
- High cost of the product and
- Built-in double washbasin reduces the counter space as well as storage in the bathroom, which may hinder the adoption of the product, restraining the market growth.
Global Built-In Double Washbasin Market Segment Insights
In terms of products, the market is divided into ceramic and composite. In 2020, the ceramic segment accounted for a large market share and is anticipated to grow at a healthy rate during the forecast period. Ceramic is made up of clay and hardened by heat. Ceramic washbasins are resistant to chipping, strain, scratch, and hard impacts, which makes them a preferable option in the market. These features make ceramic perfect for items that will be used repeatedly. On the other hand, composites are susceptible to cracks, chips, and scratches. However, the composite material is produced from two or more materials that bestows them distinct texture and structure.
Based on applications, the global built-in double washbasin market is segmented into household and commercial. The household segment accounted for a considerable share of the market owing to its increasing adoption in kitchen and bathroom. The double basins have two taps that supply hot and cold water and may contain a spray feature to be used for faster cleaning. Conversely, the commercial segment is anticipated to grow at a robust rate in the coming years. Increasing demand for built-in double washbasin in restaurants, hotels, and malls is driving the growth of this market segment. Moreover, the growing awareness is propelling the segment growth.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe held a large share of the market in 2020, in terms of revenue, owing to presence of major industry players and increasing investment in the innovation of the products. On the other hand, the market in Asia Pacific is anticipated to exhibit a high CAGR owing to rising disposable income and increasing adoption of built-in double washbasin in modern homes.
About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter