IMARC Group has recently released a new research study titled “Bathroom Vanities Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the bathroom vanities market?
The global bathroom vanities market size reached US$ 15.81 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.24 Billion by 2028, exhibiting a growth rate (CAGR) of 6.80% during 2023-2028.
Industry Overview:
Bathroom vanities are specialized cabinetry designed to house the sink and provide storage in bathroom spaces. These functional units offer the advantage of consolidating bathroom essentials in a single, organized space, making them a staple in modern home design and renovation projects. Characteristically, bathroom vanities come in a wide range of styles, sizes, and materials to suit different aesthetic and functional needs. From classic wooden designs to modern, sleek variants made of glass or metal, the options are vast. Some vanities also feature added functionalities like built-in electrical outlets, LED mirrors, or touchless faucets for enhanced convenience.
A defining feature of bathroom vanities is their adaptability; their modular nature often allows for customization, making it easier to tailor them to specific spatial and design requirements. Furthermore, the development of specialized types, such as wall-mounted or corner vanities, has expanded their accessibility to a broader range of bathroom layouts.
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Bathroom Vanities Market Growth Drivers and Trends:
The rising interest in home improvement and interior design represents one of the key factors driving the market growth of bathroom vanities. In addition to this, advancements in material science and smart technology, coupled with an increasing focus on sustainable practices, are propelling market growth.
Moreover, the shift in consumer preference toward more personalized, functional spaces is contributing positively to the market. Besides this, the modern lifestyle, which often emphasizes aesthetics and comfort, is facilitating the market growth of bathroom vanities. Coupled with this, the increasing interest in creating spa-like bathroom environments, partially influenced by social media trends, is encouraging homeowners to invest in high-quality vanities.
Other factors such as higher disposable income, a variety of applications including both residential and commercial spaces, and the advent of specialized stores focusing on bathroom fixtures, are collectively driving the growth of the bathroom vanity market globally.
Bathroom Vanities Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
Bathroom Vanities Key Compnaies:
- American Woodmark Corporation
- Avanity Corporation
- Bellaterra Home LLC
- Design Element
- Dupont Kitchen and Bath Fixtures
- Inter IKEA Holding B.V.
- Kohler Co.
- Ronbow Corporation
- Strasser Woodenworks Inc.
- Virtu USA
- Water Creation Inc.
- Wyndham Collection
Key Market Segmentation:
The report has segmented the global bathroom vanities market on the basis of material, size, application and region.
Breakup by Material Insights:
- Stone
- Ceramic
- Glass
- Wood
- Metal
Breakup by Size Insights:
- 24-35 inch
- 38-47 inch
- 48-60 inch
Breakup by Application Insights:
- Residential
- Non-residential
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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