[Research Report] 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.
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Bathroom Vanities Market: Strategic Insights
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Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Bathroom Vanities Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Impact of COVID-19 Pandemic on Bathroom Vanities Market
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.
Market Insights
Increasing Rate of Housing Completion in Developed Regions
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.
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.
Bathroom Vanities Market Regional Insights
Bathroom Vanities Market Regional Insights
The regional trends and factors influencing the Bathroom Vanities Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bathroom Vanities Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Bathroom Vanities Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 36.05 Billion |
| Market Size by 2028 | US$ 46.04 Billion |
| Global CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Bathroom Vanities Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Bathroom Vanities Market are:
- Avanity Corporation
- Bellaterra Home, LLC
- Caesarstone
- Foremost Groups, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
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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
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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.
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.
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The List of Companies - 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
- INTER IKEA SYSTEMS B.V.
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