The global bathroom vanities market is anticipated to grow at a CAGR of 6.0% during the forecast period (2022-2028).The market growth is majorly attributable to the strong demand for the modern bath decorations coupled with the increasing disposable income and rising standard of living of people all over the globe. This has also resulted in retrofitting of the old bathrooms owing to an increased bathroom remodeling expenditure in various economies. Moreover, the increasing demand for esthetic appeal in the interiors of commercial as well as residential buildings is also substantially adding to the overall market growth globally. Adding to this, the rising number of construction activities and renovation projects being undertaken in various regions of the globe are some key factors which is anticipated to drive the growth of the global bathroom vanities market.
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The trend of multi-purpose bath utilities is also projected to boost the market growth as these vanities also support in saving the space. As a result of this, the demand for more functional bathrooms has also led to the fitting of specialized countertops that incorporate sinks. Integration of smart technologies resulting in facilities such as chromo lights, bathroom cabinets with illuminated LED interiors, aroma diffuser machines, and inbuilt sounds have also gained traction in the past few years. Such trends are likely to positively impact the overall market growth in the future years. The increasing awareness towards hygiene is also anticipated to positively impact the market growth during the forecast period.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Masco Corp.; Master Brand Cabinets Inc.; and American Wood mark Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bathroom Vanities Market Report by Segment
By Material
- Stone
- Ceramic
- Wood
- Plastic
By Application
- Residential
- Non-Residential
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