Bathroom Vanities Market Growth Industry analysis and forecast 2028

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Bathroom Vanities Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Stone, Ceramic, Glass, Wood, and Metal) and Application (Residential and Commercial)

Publication Month: Feb 2022 | Report Code: TIPRE00018672 | No. of Pages: 136 | Category: Consumer Goods | Status: Published

The bathroom vanities market is projected to reach US$ 46,038.15 million by 2028 from US$ 36,047.21 million in 2021; it is expected to grow at a CAGR of 3.6% from 2021 to 2028.

The bathroom vanity is a combination of a restroom sink or bowl and various stockpiles around it. It combines a sink, countertop, and built-in shelves. These restroom vanities are typically made of wood, stone, ceramics, glass, or metal and are usually waterproof in nature. Bathroom vanities are an essential component of homes and help enhance the design and function of the bathroom. Bathroom vanities offer the added benefit of making the upkeep of entire bathroom space much easier.In 2020, Europe held the largest share of the global bathroom vanities market. The demand for bathroom vanities is increasing due to the rising number of construction projects in the region. Additionally, the growing consumer preference for modern facilities such as specialized countertops, coupled with the rising demand for aesthetic appeal in the interiors of residential buildings, is favoring the market growth in the region. The presence of major market players along with the introduction of several product lines is expected to boost the demand for bathroom vanities in the region. The rising popularity of e-commerce retailing of bathroom vanities is also projected to drive the market in region.

Strategic Insights

Report Coverage - Bathroom Vanities Market
Report CoverageDetails
Market Size Value inUS$ 36,047.21 Million in 2021
Market Size Value byUS$ 46,038.15 Million by 2028
Growth rateCAGR of 3.6% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages136
No. of Tables56
No. of Charts & Figures71
Historical data availableYes
Segments coveredMaterial, and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Bathroom Vanities Market

The ongoing COVID-19 pandemic has drastically altered the status of the construction sector and impacted the growth of the bathroom vanities market. The disruptions in the global supply chain due to the pandemic resulted in a shortage of raw materials. Moreover, the labor shortage led to delays in construction projects. Due to the lockdown measures and stay-at-home mandates, the construction and renovation activities at the commercial level also declined. 

However, as people stayed in their homes due to the lockdown, the market also witnessed an increase in the spending on household goods and home renovation. However, this created a demand and supply gap as manufacturers could not meet the rising demand due to raw material shortages. As the economies are planning to revive their operations, the demand for bathroom vanities is expected to rise globally in the coming years.

Bathroom Vanities Market Breakdown – by Region

Bathroom Vanities Market Breakdown – by Region

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Market Insights
Increasing Rate of Housing Completion in Developed Regions

The increasing rate of housing construction and their completion in developed regions is one of the major driving factors for the market growth. The demand for new houses is strongly supported by purchasing power of people in developed regions and their inclination toward smart and green buildings. Moreover, the developed regions of the world have witnessed an increase in remodeling and renovation activities. Rise in preference for functional bathrooms and modern bathroom amenities has boosted the home interior renovation activities, which in turn is driving the market. Government initiatives for infrastructure development, such as airports, buildings, and metro infrastructures, along with increasing numbers of malls, are also predicted to drive market growth. Moreover, the market is expected to grow significantly during the forecast period due to rapid urbanization in developing economies. Rapid urbanization is leading residential and commercial building construction activities, which is anticipated to favor the market growth and fuel the demand for bathroom vanities for these newly constructed buildings.

Material Insights

Based on material, the market is segmented into stone, ceramic, glass, wood, and metal. The wood segment held the largest share of the marketin 2020. The high adoption of wood as a material for bathroom vanities is primarily due to the ease of customization provided by wood. In addition, wood also provides aesthetic view to bathroom vanity products, which is contributing significantly to the market growth for the wood segment.

Bathroom Vanities Market, by Material – 2020 and 2028

Bathroom Vanities Market, by Material – 2020 and 2028

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The key players operating in the global bathroom vanities market include Avanity Corporation; Bellaterra Home, LLC.; Caesarstone.; Foremost Groups, Inc.; Kohler Co.; MasterBrand Cabinets Inc; Roca Sanitario S.A; Wilsonart LLC.; Dupont Plumbing Supplies; and Inter IKEA Systems B.V.

Report Spotlights

  • Progressive industry trends in the bathroom vanities market to help players develop effective long-term strategies
  • Business growth strategies adopted by companies operating in developed and developing markets
  • Quantitative analysis of the bathroom vanities market from 2019 to 2028
  • Estimation of global demand for bathroom vanities
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, as well as factors driving and restraining the growth of the bathroom vanities market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the bathroom vanities marketgrowth
  • The size of the bathroom vanities market size at various nodes
  • Detailed overview and segmentation of the market, as well as the bathroom vanities industry dynamics
  • Size of the bathroom vanities market in various regions with promising growth opportunities

Frequently Asked Questions

The major players operating in the global bathroom vanities market Avanity Corporation; Bellaterra Home, LLC.; Caesarstone; Foremost Groups, Inc.; Kohler Co.; MasterBrand Cabinets, Inc.; Roca Sanitario S.A.; Wilsonart LLC.; Dupont Plumbing Supplies and Inter IKEA Systems B.V among others.
In 2021, Europe held the largest share of the global bathroom vanities market. The major factor driving the bathroom vanities market in the European region is the increasing consumer preferences for modern facilities such as specialized countertops which incorporate sinks are boosting the demand for bathroom vanities.
The wood segment held the largest share of the global bathroom vanities market in 2021. Wood is extensively used in bathroom vanities due to its lightweight, easy maintenance and availability, and durability. Also, the material provides a great extent of customization along with an aesthetic view to bathroom vanity products.
The commercial segment held the largest share of the market in 2021. The segment growth can be attributed to the rising fitting of bathroom vanities in commercial properties. Also, the growing number of malls, airports, and corporate offices globally is boosting the sales of bathroom vanities.
Asia Pacific (APAC) is expected to grow at fastest CAGR in the forecast period. The growth of the region can be attributed to the rise in population and improved standard of living have stimulated the market growth in the region.
The glass segment is the fastest growing segment in the global bathroom vanities market during the forecasted period. The market growth for the segment can be attributed to the wide availability of color glasses and their properties, such as moisture and heat resistance.

The List of Companies - Bathroom Vanities Market

  1. Avanity Corporation
  2. Bellaterra Home, LLC
  3. Caesarstone
  4. Foremost Groups, Inc.
  5. Kohler Co.
  6. MasterBrand Cabinets Inc.
  7. Roca Sanitario, S.A.
  8. Wilsonart LLC
  9. Dupont Plumbing Supplies
  10. INTER IKEA SYSTEMS B.V.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global bathroom vanities market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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