The global Janitorial Sinks Market is expected to be worth USD 810.4 million in 2023. Future Market Insights reports say that the market will expand at a projected to grow at CAGR of 6.3% between 2023 and 2033, totaling around USD 1,409.2 million by 2033.
Increase in the number of hotels, restaurants, and cafes (HoReCa), rise in the standard of living and surge in urbanization, rapid expansion in the building and construction industry, growth in the popularity of cloud kitchens and food delivery channels to drive the growth of the global janitorial sinks market.
Growth of the housing & construction sector and technological improvements in this space has fueled the market. Rising number of hotels and restaurants has also presented industry players with significant opportunities to grow. Desire to create more furnished, appealing settings, as well as the remodeling of old and traditional homes with modern appliances and fixtures, has propelled the market in recent years.
Closure of manufacturing facilities, reduction in workforce, and shutdown of restaurants and hotels during the pandemic had a negative impact on the market.
Market for janitorial sinks is consolidated in nature with the presence of a large number of international players and a few regional players. Moderate to high entry barriers not only due to the presence of leading players but also the requirement of high advertising costs, to meet the growing and varied product demand, players have been targeting specific consumer groups as per their requirements and investing in designing products in unique colors, sizes, functions, and finishings. Vendor landscape is highly competitive and is characterized by players engaging in mergers & acquisitions and joint ventures.
North America is said to dominate the janitorial sinks market followed by Europe at the second position and Asia Pacific at the third.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2023) | USD 810.4 million |
| Projected Forecast Value (2033) | USD 1,409.2 million |
| Growth rate | 6.3% CAGR |
| Forecast period | 2023 to 2033 |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The janitorial sinks market grew at a CAGR of 5.9% from 2018 to 2022, as per Future Market Insights, a provider of market research and competitive intelligence.
Usage of janitorial sinks across the United States (USA) has increased at a significant rate, with the South USA holding a high share of the USA market.
Rapidly increasing construction and redevelopment activities have led to a rise in the sales of janitorial sinks over the past few years in the USA Janitorial sinks market in the country is primarily dominated by the South USA region, owing to the demand from commercial establishments such as hotels, offices, etc.
Technology integration with janitorial sinks has also propelled market growth over the past few years.
Sustainability Concept Driving Penetration of Eco-Friendly Janitorial Sinks
Rising concerns about health and safety as well as an increase in the demand for eco-friendly products are current trends most observed in many fields of human activity, whether directly or indirectly.
Consumers now consider environmentally friendly janitorial sinks a priority when looking for new sinks, which has enabled the manufacturers to increase their sales by catering to this demand.
Such factors on the part of sustainable and eco-friendly sinks are further expected to scale up demand for janitorial sinks in the USA during the forecast period.
Smart Kitchen Concept Revolutionizing the Industry
The Internet of Things (IoT) has not gone unnoticed by producers of home appliances, and they are working on developing products that communicate. IoT is a network of objects that are constantly connecting everyday industry equipment to consumers’ home appliances.
Appliances can share information and complete tasks while people are busy with their other routine activities. Companies are now producing IoT-enabled smart janitorial sinks that offer interactive functionality.
Consumers are excited about these developments and are highly preferring IoT devices, which are likely to drive the consumption of smart janitorial sinks over the coming years.
Rise in the Per Capita Income
Rising per capita incomes in emerging countries and a growing preference for monochromatic-style janitorial sinks in the commercial and residential sectors are expected to drive global market growth over the forecast period. Growing trends toward aesthetic appeal in the home and rising preference for nature-based interior designs among people all over the world are key factors driving the target market's growth.
Occurrence of Failure while Installing Janitorial Sinks
Rising occurrence of failures and complications associated with the installation of technologically advanced janitorial sinks and the high cost associated with advanced janitorial sinks are key factors expected to restrain global market growth to some extent.
High Cost with the Introduction of Cloud Kitchen
Biggest factor that hinders the sale of janitorial sink systems is the high cost associated with it along with the introduction of cloud kitchen that takes away the whole dining experience with its fast delivery systems, where not only covid-19 but also new eatery experiences have also hampered the sales of janitorial sinks. Application of sustainable disposable is also hindering the demand for janitorial sinks.
United States is Said to Dominate the North American Janitorial Sink Market
United States of America holds the dominant share of 32.6% in the global market attributed to the huge number of hotels and eateries. Penetration of automated technologies and smart kitchen ideas in the United States has fueled the demand for these janitorial sinks.
North America dominates the janitorial sinks market owing to the increasing inclination towards modernizing households coupled with increased disposable income.
Remodulation of Janitorial Sinks Projects in Russia
European janitorial sinks market will emerge as a prominent revenue pocket from 2023 to 2033, given the rise in building and construction projects, for example, in 2022, the construction sector was predicted to grow exponentially through the support of fresh investment from the Europe recovery fund, etc., thereby further promoting janitorial sinks installation across Europe.
Russia’s home and kitchen remodeling projects have been the most crucial factor fueling the market growth contributing to a growth of 5.73%. Demand for janitorial sinks that are not only functional but also stylish and complement the home décor is high among consumers in the country.
India is said to have a Growing Market in the World
India becomes the most lucrative and the most growing region in the global janitorial sinks market with anticipation of a CAGR of 6.18%. Nation building its healthcare systems and hospitals along with the rise in the number of hotels and restaurants due to the rising population and tourism has led India to become the growing market in the Asia Pacific.
Increasing adoption of various designed and printed janitorial sinks across a number of commercial applications is boosting market growth in the region.
Asia-Pacific region is dominating due to large population and it is the reason why the janitorial sink is dominating in India as in the country, most of the water sink is used for shopping malls, hospitality, corporate and government offices, and others.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Commercial Sales Segment Holds a Lucrative Share in this Market Region
Commercial sales segment is said to have robust growth that holds a huge chunk of market share in the forecast period, holding nearly three-fourths of the global janitorial sinks market share, and is expected to maintain its leadership status during the forecast period.
Undermount Janitorial Sinks are said to Dominate the Market Region
Undermount sinks account for a notable share of 44.2%. Factors such as easy installation, convenience in terms of cleaning, etc. have facilitated the large adoption of under-mount janitorial sinks in the country.
Stainless Steel Sinks are said to Dominate the Market
Stainless steel sinks market is expected to increase at a CAGR of 3.2%. Stainless steel underbar sink is the most popular base material owing to its characteristics such as corrosion resistance, fire and heat resistance, hygiene, impact resistance, etc.
Some of the prominent players in the global market are:
Some of the important developments of the key players in the market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.3% from 2023 to 2033 |
| Market value in 2023 | USD 810.4 million |
| Market value in 2033 | USD 1,409.2 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Type, By Material, By Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, United Kingdom, France, Spain, Italy, Rest of Europe, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, Rest of Asia Pacific, GCC countries, South Africa, Israel, Rest of MEA |
| Key Companies Profiled | 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. |
| Customisation Scope | Available on Request |
Demand for water cooled cube ice machines in Asia Pacific may exhibit 2.9% CAGR till 2033.
Janitorial sinks sales may create USD 810.4 million market in 2023.
The global market is expected to rise at a 6.3% CAGR through 2033.
North America accounted for almost 32.6% of the global market in 2022.
Increasing disposable income is estimated to drive the regional market at 5.73% CAGR through 2033.
Explore Operational Equipment Insights
View Reports
Janitorial Sinks Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
