Research Report : Bathroom Vanities Market 2023

Press Release   •   Jan 11, 2016 03:24 EST

Transparency Market Research Added A New Report "Bathroom Vanities Market" Bathroom vanities are a part of the modern-day functional bathroom. These can be classified based on the type of material used. Materials include wood, glass, metal, ceramic, and stone. Bathroom vanities comprise various types of materials depending on consumer preferences. The market is mostly driven by residential and non-residential demand. Bathroom vanities have become a necessity for people with high disposable income and an extravagant lifestyle. Currently, there is a huge demand for new housings. These include modern fittings for both modular kitchens and functional bathrooms. Increase in remodeling activities for old buildings has provided a good platform to employ bathroom vanities. Modern designs coupled with eco-friendly materials such as engineered stone, granite, and glass is expected to drive the market for bathroom vanities. Different types of plastic laminates are used in bathroom vanities. These are often decorated with lights to add to the aesthetic value.

Bathroom vanities differ depending on position of functional part, which could be floating or placed on the floor, apart from the functional part`s position the vanity contains different kind of sink. These vanities are generally used for various day-to-day activities. Bathroom vanities include cupboards that are employed for storing key items. Asia Pacific is anticipated to be the highest growing market for bathroom vanities, followed by North America and Europe. The market for bathroom vanities is expanding primarily due to the construction of new homes for residential purposes coupled with increase in the number of new non-residential construction. Furthermore, reconstruction of residential and non-residential segments is estimated to have a positive impact on the global bathroom vanities market. Moreover, increasing demand for modernized bathrooms is likely to positively affect the bathroom vanities market during the forecast period. Countries such as India and China are projected to play a major role in the bathroom vanities market due to the large number of construction activities in the region. The market in Asia Pacific is thriving due to the growing population, higher standard of living, and rising disposable income. Furthermore, development of non-residential constructions such as recreational centers, hotels, theaters, offices, and educational institutes is expected to fuel the demand for global bathroom vanities in the next few years. Countries in North America and Europe are also anticipated to play a vital role in generating demand for bathroom vanities. Countries in the Middle East, Africa, and South America are exhibiting growth in the construction and tourism industries. This is expected to have a positive impact on the bathroom vanities market in these regions. A large number of construction projects are underway in the Middle East. This is likely to create a potential market for bathroom vanities. Moreover, the booming tourism industry is anticipated to positively influence the global demand for bathroom vanities. Increasing number of tourists is likely to propel the hospitality industry. This, in turn, is projected to drive the market for bathroom vanities. The changing trend among society for better and comfort living would enhance the demand of bathroom vanity in years to come. Thus, the factors mentioned above offer bright prospects to the bathroom vanities market during the forecast period.

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Some of the major players include Houzz Inc., Kohler Co., Masco Corporation, American Woodmark Corporation, MasterBrand Cabinets Inc., Bertch Cabinet Manufacturing, BeauRegard Inc., Foremost Groups, Inc., Kohler Co., Caesarstone Sdot-Yam and RSI Home Products, Inc.

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