According to The Insight Partners' research, the Europe Bathroom Vanities Market was valued at US$ 14,144.2 Million in 2024 and is expected to reach US$ 17,647.4 Million by 2031, registering a CAGR of 3.2% from 2024 to 2031.
Expansion in online retailing of bathroom vanities and rapid urbanization are among the critical factors attributed to the Europe bathroom vanities market expansion.
Virtual purchasing over conventional is growing due to the convenience factor of buyers and the availability of a wide range of products in just one click. The growing telecommunication infrastructure has provided internet access to users and allowed them to access online retailing platforms. Virtual buying platform facilitates consumers with a range of product choices with detailed specifications and price comparisons. The entire buying process is completed over the online portal without physical effort or travel, saving time and enriching the buying experience. This process attracts users to purchase online, favoring the growth of the bathroom vanities market.
The online retailing platform offers several advantages to manufacturers and suppliers as it erases the need for huge investments or outlays on physical infrastructure to develop a global presence, revolutionizing how business is conducted worldwide. Reduced capital expenditures on physical infrastructures are helping manufacturers save production costs and offer products at more competitive prices. The primary bathroom vanity manufacturers, such as Avanity Corporation, Caesarstone, Design House, Kohler Co., and Roca Sanitario, have online retailing on their own and third-party platforms, helping them reach mass customers and market their product offerings. With the growing e-commerce industry, bathroom vanity products' revenue is also boosted as they share significant revenue in e-commerce retailing. Thus, the growth in online retailing drives the bathroom vanities market.
On the contrary, fluctuating raw material prices hamper the growth of the Europe bathroom vanities market.
Europe Bathroom Vanities Market Segmentation Analysis:
- By Product Type, the Europe Bathroom Vanities Market is segmented into Single Sink Vanity, Double Vanity, and Others. The Single Sink Vanity segment is projected to expand at 3.4% CAGR during 2024 - 2031.
- By Category, the Europe Bathroom Vanities Market is segmented into Wall-Mounted or Floating Vanity and Freestanding Vanity. The Freestanding Vanity segment is projected to expand at 3.3% CAGR during 2024 - 2031.
- By Application, the Europe Bathroom Vanities Market is segmented into Residential and Commercial. The Residential segment is projected to expand at 3.3% CAGR during 2024 - 2031.
By country, the Europe Bathroom Vanities Market is categorized into Germany, France, Italy, Spain, the United Kingdom, and the Rest of Europe. The Rest of Europe is projected to expand at 2.4% 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.
- Feb 2024, Villeroy & Boch Group completed its acquisition of all the Ideal Standard Group operating companies. Ideal Standard Group has been integrated as part of the Villeroy & Boch Group. Through this acquisition, Villeroy & Boch Group joined the ranks of Europe's largest manufacturers of bathroom products.
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