Global Bathroom Furniture Market, By Type (Bath Vanities, Console Vanity, Vanity Tops, Bathroom Mirrors, Other), Material (Glass, Ceramic, Stone and Wood), Price (Low, Medium, and High/Premium), Application (Household, Commercial, Other) – Industry Trends and Forecast to 2029
Market Analysis and Size
The popularity of modular bathrooms has skyrocketed, increasing bathroom remodeling and restoration projects. Furthermore, the demand for multi-functional and adaptable items and a growing inclination toward the bathroom aesthetic are anticipated to rapidly expand the growth of the market. Therefore, the market is estimated to grow rapidly over forecasted period.
Global Bathroom Furniture Market was valued at USD 21963.20 million in 2021 and is expected to reach USD 29145.64 million by 2029, registering a CAGR of 3.60% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
Bathroom furniture is basically the larger pieces of movable equipment generally used to furnish the kitchen. They are known as kitchen furniture and fixtures and involve the products used in kitchen decor. They are used in kitchens to store food, cooking equipment, and, in certain cases, silverware and plates for table service.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Type (Bath Vanities, Console Vanity, Vanity Tops, Bathroom Mirrors, Other), Material (Glass, Ceramic, Stone and Wood), Price (Low, Medium, and High/Premium), Application (Household, Commercial, Other)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Al Meera (UAE), American Woodmark Corporation (U.S.), Ballingslöv International AB (Sweden), Black Red White (Poland), Boffi S.p.A (Italy), Bulthaup (Germany), Cabico Inc(Canada), Cabinetworks Group (U.S.), Godrej Interio (India), Golden Home Cabinets (China), Häcker Küchen (Germany), Haier Inc., (China), Hanssem Co. Ltd., (South Korea), Howdens Joinery Ltd., (U.K.), IKEA (Sweden), Interwood (India), Itatiaia (Brazil), Lixil (Japan)
|
|
Market Opportunities
|
|
Bathroom Furniture Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Demand for Bathroom furniture
The increased cleanliness consciousness and growing desire for the usage of modern bathroom vanities are projected to fuel demand for bathroom vanities. The number of housing projects being built throughout the world is increasing, which will raise demand for bathroom vanities, which are one of the most crucial aspects of a home.
Furthermore, the factors such as increased global spending on bathroom remodeling and retrofitting are driving the global bathroom vanities market. Moreover, industry trends are likely to lead to positive market expansion. As the world becomes more urbanized, there has been a significant increase in the demand for new residential development projects, which is boosting global market demand for bathroom vanities.
Opportunities
- Eco-friendly Materials and Product Development
Furthermore, the rising consumer demand for eco-friendly materials for bathroom vanities further extends profitable opportunities to the market players in 2022 to 2029. Additionally, the constant focus of manufacturers on product development and innovations will further expand the future growth of the bathroom furniture market.
Restraints/Challenges
- Fluctuating Raw Material Prices
The fluctuating prices of raw materials further increase the product's overall cost and even create affordability issues, which is estimated to create hindrances for the growth of the bathroom furniture market.
- Negative Impact of COVID
There has been halt of various operations due to COVID-19. The supply chains were also disrupted and the manufacturing activities were suspended. Therefore, this factor is anticipated to challenge the bathroom furniture market growth rate.
This bathroom furniture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bathroom furniture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bathroom Furniture Market
The recent outbreak of coronavirus had a huge impact on the bathroom furniture market. The market was largely hampered due to the lockdowns implemented by the government to curb the disease. The implementation of various restrictive measures further led to the halt of various manufacturing as well as supplying activities. Additionally, the lesser workforce impeded the manufacturing activities thus, resulting in financial setback for the market.
On the brighter side, the increase in online sale of various bathroom furniture has largely helped the market gain growth even during the pandemic. The advances in delivery options through e-commerce platforms is anticipated to expand the market growth. Additionally, the decline in COVID cases have further led to relaxation of the restrictive measures, which will result in the market recovery. Therefore, the post pandemic period will witness various growth opportunities for the market.
Global Bathroom Furniture Market Scope
The bathroom furniture market is segmented on the basis of type, material, price and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Bath Vanities
- Console Vanity
- Vanity Tops
- Bathroom Mirrors
- Other
Material
- Glass
- Ceramic
- Stone
- Wood
Price
- Low
- Medium
- High/Premium
Application
- Household
- Commercial
- Other
Bathroom Furniture Market Regional Analysis/Insights
The bathroom furniture market is analyzed and market size insights and trends are provided by country, type, material, price and application as referenced above.
The countries covered in the bathroom furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bathroom furniture market over the forecast period of 2022 to 2029 because of the growing preference for the use of modern bathroom vanities within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth due to the increasing inclination towards bathroom furniture and factors such as rapid urbanization coupled with the unprecedented growth in the construction sector within the forecast period of 2022 to 2029.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bathroom furniture Market Share Analysis
The bathroom furniture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bathroom furniture market.
Some of the major players operating in the bathroom furniture market are
- Al Meera (UAE)
- American Woodmark Corporation (U.S.)
- Ballingslöv International AB (Sweden)
- Black Red White (Poland)
- Boffi S.p.A (Italy)
- Bulthaup (Germany)
- Cabico Inc(Canada)
- Cabinetworks Group (U.S.)
- Godrej Interio (India)
- Golden Home Cabinets (China)
- Häcker Küchen (Germany)
- Haier Inc., (China)
- Hanssem Co. Ltd., (South Korea)
- Howdens Joinery Ltd., (U.K)
- IKEA (Sweden)
- Interwood (India)
- Itatiaia (Brazil)
- Lixil (Japan)
SKU-