According to The Insight Partners' research, the Asia Pacific Bathroom Vanities Market was valued at US$ 9,620.5 Million in 2024 and is expected to reach US$ 13,145.1 Million by 2031, registering a CAGR of 4.6% from 2024 to 2031.
Rapid urbanization and renovations and expansion in online retailing of bathroom vanities are among the critical factors attributed to the Asia Pacific bathroom vanities market expansion.
Rapid urbanization is leading to the expansion of residential and commercial building construction activities. In China, the Ministry of Housing and Urban-Rural Development announced that it will advance urban renewal projects to complete the renovation of old urban residential communities by 2025. In 2024, around 56,000 projects were newly launched to renovate old urban residential communities. Similarly, as per the data of the government of India, the real estate industry in India is expected to reach US$ 1.4 trillion by 2025 and is estimated to grow at 7.1% annually.
The rise in housing projects and the growing number of smart homes create lucrative opportunities for bathroom vanity manufacturers to grow their revenue in developing economies. For instance, in government of South Korea is aiming to offer affordable housing options that will accommodate approximately 30% of the housing needs in densely populated areas in Seoul and Busan. The government of South Korea has allocated around US$ 600 budget for such initiatives. Moreover, changing lifestyles, increasing expenditure power, and growing trends of smart homes are expected to offer lucrative opportunities to the market during the forecast period.
On the contrary, fluctuating raw material prices hamper the growth of the Asia Pacific bathroom vanities market.
Asia Pacific Bathroom Vanities Market Segmentation Analysis:
- By Product Type, the Asia Pacific Bathroom Vanities Market is segmented into Single Sink Vanity, Double Vanity, and Others. The Single Sink Vanity segment is projected to expand at 4.8% CAGR during 2024 - 2031.
- By Category, the Asia Pacific Bathroom Vanities Market is segmented into Wall-Mounted or Floating Vanity and Freestanding Vanity. The Freestanding Vanity segment is projected to expand at 4.7% CAGR during 2024 - 2031
- By Application, the Asia Pacific Bathroom Vanities Market is segmented into Residential and Commercial. The Residential segment is projected to expand at 4.6% CAGR during 2024 - 2031.
By country, the Asia Pacific Bathroom Vanities Market is categorized into Australia, China, India, Japan, South Korea, Rest of APAC. China is projected to expand at 5.2% CAGR during 2024 - 2031.
Key players operating in the Bathroom Vanities Market are Inter IKEA Holding BV, Caesarstone Ltd, C P Hart & Sons Ltd, Bellaterra Home, LLC, Foremost Groups, Inc., Kohler Co, MasterBrand Cabinets, LLC, Roca Sanitario S.A.U., Dupont Kitchen and Bath Fixtures, Geberit International Sales AG, Villeroy & Boch Group, Hawkers Ltd, Roxor Group Ltd, Fresca, and InFurniture, among others.
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