Policy-driven industry growth, with affordable housing and appliance replacement driving new demand

The implementation of the ‘Large-scale Equipment Renewal and Consumer Goods Replacement’ policy in 2026 will inject fresh market growth into the stainless steel sink sector. Coupled with the recovery of the property market and increased investment in affordable housing construction, the industry's demand foundation continues to strengthen.

Regarding affordable housing, the demand for stainless steel sinks in such projects is projected to exceed 4.2 million units nationwide between 2025 and 2026, establishing a stable order source for the industry. The renovation market for existing properties has become a core necessity, with China's existing housing stock exceeding 60 billion square metres. Given that partial kitchen renovations occur every 8 to 12 years, this presents sustained replacement demand for the sink market. Concurrently, the ‘Two New’ policies are driving demand growth in high-end equipment manufacturing and smart home sectors, further stimulating consumption of premium stainless steel sinks and propelling the industry's transition towards high-end products.