Bathroom Vanities Market Size, Historical Growth, Analysis,...

Bathroom Vanities Market Size, Historical Growth, Analysis, Opportunities and Forecast

Posted 2023-04-11 10:16:42

Market Highlights

The global bathroom vanity market was valued at USD 8.02 billion in 2021. The Bathroom Vanities market industry is projected to grow from USD 8.47 Billion in 2022 to USD 13.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.6 % during the forecast period (2022 – 2030)

A bathroom vanity is a piece of furniture designed to keep all your products in one storage space. Vanity sinks come in a variety of sizes and styles and, like any other piece of furniture, make a great decorative item in your bathroom. The global bathroom vanity market is expected to witness sustainable growth over the forecast period owing to the growth of the construction industry and the improvement of the living standards of consumers. The growing demand for functional bathrooms may drive the installation of special countertops integrated with sinks. In addition, the increase in housing reconstruction and remodeling due to changes in consumer preferences is another factor driving the washbasin market.

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Asia Pacific is projected to witness moderate growth in the global bathroom vanity market over the forecast period: MRFR

On the basis of region, the global bathroom vanity market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region dominates the global market, followed mainly by China and India, followed by North America due to increased hygiene awareness and a growing preference for modern amenities. Additionally, the construction industry in Asia Pacific is growing due to the increasing number of construction projects, which drives the bathroom vanity market in the region.

North America has witnessed significant growth in the construction industry due to an increase in home improvement and renovation projects. According to the US Census Bureau, the total value of US private construction in 2018 was USD 992,528 million, of which USD 539,800 million was residential construction. The high growth of the North American construction industry drives the North American bathroom vanity market during the forecast period. Also in the United States are Wilsonart LLC, Virtu USA, MasterBrand Cabinets Inc., Water Creation, Inc. and Kohler Co. (USA) are some of the major players operating in the market.

Wood segment will account for a large share of the global bathroom vanity market: MRFR

On the basis of material, the global market has been segmented into glass, ceramic, stone, wood, and metal. The timber sector is expected to witness high growth during the forecast period. Wood is the preferred material for bathroom sinks due to its durability and various advantages associated with it.

On the basis of application, the global bathroom vanity market is segmented into residential and non-residential. The residential sector is expected to witness moderate growth over the forecast period. The growth of the construction industry and the increase in home improvement and renovation projects have increased the need for washbasins during the forecast period.

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Report scope

This study provides an overview of the global Bathroom Vanity market by tracking two market segments across four regions. The report studies the key players providing a 5-year annual trend analysis highlighting the market size, scale and share in North America, Europe, Asia Pacific and Rest of the World. The report also provides forecasts focusing on the market opportunities for the next five years for each region. The research scope categorizes the global bathroom vanity market by material, application, and region.

by material
- glass
- ceramic
- absent
- wood
- metal
by application
- dwelling
- non-resident
by region
- North America
- Asia Pacific
- Europe
- rest of the world

key players

A prominent player in the global bathroom vanity market is Wilsonart LLC. (USA), Virtu USA (USA), MasterBrand Cabinets Inc. (USA), DuPont de Nemours, Inc. (USA), Masco Corporation (USA), STRASSER WOODENWORKS (USA), American Woodmark Corporation (USA), Water Creation, Inc. (USA), Kohler Co. (USA) and Foremost Groups, Inc. (USA).

Utopia Furniture Ltd (UK), Empire Industries Inc. (USA), JSG OCEANA (USA), Cabinetsmith (Canada) and Hangzhou Fame Industry CO., ltd. (China) is another major player active in the global bathroom vanity market.

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MRFR (Market Research Future) is a global market research company that provides comprehensive and accurate analysis of various markets and consumers around the world. MRFR’s approach combines proprietary information with a variety of data sources, giving clients broad visibility into the latest major developments, anticipated events and actions based on them.

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