According to The Insight Partners' research, the North America Bathroom Vanities Market was valued at US$ 12,838.3 Million in 2024 and is expected to reach US$ 16,378.3 Million by 2031, registering a CAGR of 3.5% from 2024 to 2031.
Surge in house construction & renovations and emerging trends of functional bathrooms are among the critical factors attributed to the North America bathroom vanities market expansion.
As more people invest in upgrading or constructing homes, there is a rising demand for modern and aesthetically pleasing bathroom fixtures, including vanities. Homeowners and property developers alike are keen on creating stylish and functional bathrooms. The demand for property value has increased considerably across the world. Well-designed bathrooms can significantly enhance the overall appeal and value of homes. Thus, homeowners are willing to invest in high-quality bathroom vanities to serve practical purposes and contribute to overall aesthetics. The rising focus on property value appreciation propels the demand for bathroom vanities as an integral part of the home improvement industry.
The inclining consumer preferences toward more extensive and luxurious bathrooms drive the demand for bathroom vanities. With larger bathrooms becoming a common feature in modern homes, the need for spacious and well-equipped vanities to accommodate double sinks, ample storage space, and various design elements is increasing. Therefore, manufacturers offer a wide range of vanity options, catering to different design tastes and spatial requirements.
The increased awareness of sustainability and eco-friendly products has positively influenced the bathroom vanities market. Many consumers are seeking vanities made from sustainable materials and featuring energy-efficient fixtures. Manufacturers have recognized this demand and are offering eco-friendly bathroom vanities, which align with environmental concerns and attract a niche market segment. Thus, the surge in house construction and renovation propels the bathroom vanities market.
On the contrary, fluctuating raw material prices hamper the growth of the North America bathroom vanities market.
North America Bathroom Vanities Market Segmentation Analysis:
- By Product Type, the North America Bathroom Vanities Market is segmented into Single Sink Vanity, Double Vanity, and Others. The Single Sink Vanity segment is projected to expand at 3.7% CAGR during 2024 - 2031.
- By Category, the North America Bathroom Vanities Market is segmented into Wall-Mounted or Floating Vanity and Freestanding Vanity. The Freestanding Vanity segment is projected to expand at 3.7% CAGR during 2024 - 2031.
- By Application, the North America Bathroom Vanities Market is segmented into Residential and Commercial. The Residential segment is projected to expand at 3.7% CAGR during 2024 - 2031.
By country, the North America Bathroom Vanities Market is categorized into the United States, Canada, and Mexico. The United States is projected to expand at a 3.5% 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.
- Jan 2023, Roca Sanitario S.A.U. acquired the bathroom furniture company Madeli, based in Florida and with a network of 500 points of sale in the US. Through this acquisition, Roca Sanitario S.A.U. strengthened its US market position.
- Aug 2024, Inter IKEA Holding BV signed a share purchase agreement with Hof ehf, the IKEA Baltics retail operations owner. By leveraging the IKEA Baltics' expertise in the local markets, Inter IKEA Holding BV aims to strengthen its capabilities further by offering affordable, accessible, and sustainable home furnishing solutions.
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