The key factors driving the bathroom vanities market are the growing housing completion rates, increasing consumer demand for multi-storage purposes, and increasing partnerships and acquisitions among companies.
According to TechSci Research report, “Bathroom Vanities Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The global bathroom vanities market is expected to grow during the forecast period owing to factors such as the increasing number of e-commerce channels, growing demand for modern bathroom products, and the surging construction sector.
A cabinet that is placed below the bathroom sink is called a vanity. A marble or tiled surface is frequently present, which can be utilized to store accessible objects such as toothbrushes, soap, or cosmetics. A sink and faucet are typically supplied separately, though a vanity may occasionally come with a sink receptacle.
A variety of bathroom vanities come in different sizes and designs. The size of the bathroom is an essential factor to take into account for someone willing to purchase vanities. To fit the space at hand, a specific style of bathroom vanity is frequently sold in various sizes.
Some designs come with mirrors or cabinet hardware that sit over the sink, though occasionally, customers have to buy them separately. In some contemporary variations, the vanity may be a sink mounted to the wall or on a stand rather than resembling a cabinet. These options frequently fit nicely in tiny bathrooms. Another factor anticipated to fuel the expansion is the rising demand for bathroom vanities made with engineered materials such as recycled glass and quartz.
The market for bathroom vanities is benefiting from consumers' growing preference for functional bathrooms. Global demand for bathroom vanities is being driven by an increase in remodeling projects brought on by a rise in customer interest in contemporary bathroom amenities. Another critical factor propelling the market for bathroom vanities is the growing inclination for modern convenience and rising cleanliness concerns.
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The global bathroom vanities market is segmented based on material, installation, size, application, distribution channel, region, and competitive landscape.
Based on material, the market is divided into metal, wood, glass, ceramic, and stone. Among these, the wood segment is expected to hold the leading share in the market during the forecast period. The degree of personalization and aesthetic appeal that wood offers are the main drivers of the expansion in the wood material market, which is expected to further fuel the bathroom vanity market during the forecast period.
Based on application, the market is split into residential and commercial. Among these, the residential segment is expected to hold the leading share in the market during the forecast period. The utilization of a bathroom cabinet is beneficial for maintaining a clutter-free bathroom. Most residential locations anticipating significant expansion over the anticipated period prefer cabinets with mirror fronts and compartments to keep toiletries and other items organized.
Based on distribution channel, the market is divided into bathroom & fixtures, home décor stores, online & others. Among these, the online segment is expected to be the fastest-growing segment in the market during the forecast period. The main reason customers have come to adore these channels is how convenient they have become. Customers can purchase the things they want from e-commerce websites within their price range without sacrificing the goods' quality or brand, which is anticipated to fuel category growth throughout the forecasted period.
Key market players operating in the bathroom vanities market include:
- American Woodmark Corporation
- Avanity Corporation
- Bellaterra Home, LLC
- Design House (DHI Corp.)
- Foremost Groups, Inc.
- JSG Oceana Glass LLC
- Masco Corporation
- Alya Bathroom Supply, LLC
- Roca Sanitario, S.A,
- Caesarstone Ltd.
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“The market is experiencing a surge in demand due to the expanding trend of bathroom accessories and multipurpose home décor items. The need for the industry is anticipated to be driven by rising house completion rates in developed nations. The demand for the market will increase with rising investments in renovating and retrofitting existing bathrooms in developed and emerging countries. Demand for the market is anticipated to expand due to increasing disposable incomes, particularly in developing nations, and numerous marketing initiatives by the real-estate industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Bathroom Vanities Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Material (Metal, Wood, Glass, Ceramic, Stone), By Installation (Wall Mounted, Freestanding), By Size (24-35 Inches, 38-47 Inches, 48-60 Inches), By Application (Residential Vs. Commercial), By Distribution Channel (Bathroom & Fixtures, Home Décor Stores, Online & Others), By Region, By Company, has evaluated the future growth potential of bathroom vanities globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of bathroom vanities globally.
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The global bathroom vanities market is witnessing substantial growth over the forecast period, as per this recent MRFR analysis.
Demand for bathroom vanities is anticipated to be driven by the rising consciousness among people regarding appearance and hygiene.
Apart from that, increased expenditure on the remodelling and retrofitting of existing bathrooms all over the globe is also expected to drive the global bathroom vanities market.Furthermore, growing urbanization, the demand for residential construction projects is expected to proliferate, further fuelling the global bathroom vanities market over the review period.
Homeowners are expected to focus on the upgradation of their bathrooms through the installation of modern amenities for aesthetic enhancements, hence driving the market.Moreover, various reforms and regulations that are introduced by the government in many countries all over the globe for raising their infrastructure and real estate industries are propelling the growth of the construction industry.
Owing to the improving standard of living of consumers in various countries and a growing inclination towards the large size and modern style of bathrooms, mainly for bathroom furniture and bathroom vanity lights, and bathroom vanity mirrors is also anticipated to drive the global bathroom vanities market.
The residential segment is expected to lead the global bathroom vanities market over the forecast period.Detailed Regional AnalysisThe bathroom vanities market is segmented into the regions of North America, Europe, Asia Pacific, and Rest of the World.
Bathroom vanities form an integral part of any designing projects for your new or existing bathroom as it is designed to become the centre of attractions to store necessary grooming items along with a fresh and enthralling appearance.
