Press release
Global Bathroom Vanities Market Size, Share - Industry Trend and Forecast 2016 - 2023
Increasing consumer preference for functional bathroom is creating a positive impact on the market for bathroom vanities. Growing remodeling activities owing to rising consumer interest towards modern bathroom amenities are driving the bathroom vanities market globally. Rising hygiene consciousness and growing preference for modern amenities is also one of the major factors driving the bathroom vanities market. The market has been segmented by material type into glass, ceramic, wood, stone, metal among others. Furthermore, the market is also segmented by application into, residential and non-residential.
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Rising consumer demand for eco friendly materials such as recycled glass and engineered stone is contributing to the growth of advanced bathroom vanities market globally. Growing consumer preferences for modern facilities such as specialized countertops which incorporate sinks is stimulating the demand for bathroom vanities. Currently, consumers are showing preferences for modern features such as glass with LED backlighting and high pressure plastic laminates. Furthermore, consumer awareness regarding recycled polyethylene materials is also contributing to the growth of global bathroom vanities market.
The global bathroom vanities market witnessed significant growth in recent years due to changing consumer lifestyle. Rising hygiene consciousness is also expected to stimulate the demand for bathroom vanities globally. Consumer demand for high quality bathroom features are expected to push the global bathroom vanities market over the forecast period. Manufactures are introducing new functional bathroom features focusing on the consumer demand for modern amenities.
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Rising consumer demand for advance features alongside growing consumer hygiene consciousness is driving the market for bathroom vanities. In addition, changing lifestyle is fueling the usage of functional bathroom features, which in turn is creating a positive impact on the market for bathroom vanities. Furthermore, increasing demand for smart living worldwide is also expected to boost the bathroom vanities market. Moreover, rising demand for eco friendly materials are creating a positive impact on the bathroom vanities market.
Residential application segment dominated the global bathroom vanities market in 2014 followed by non-residential segment. Growing number of new housing alongside spur in a number of reconstruction is driving the residential application segment in bathroom vanities market. Furthermore, non-residential application segment is expected to witness a positive growth over the forecast period owing to increasing usage of functional bathroom amenities in offices, schools and shops.
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Asia Pacific dominated the global bathroom vanities market in 2014 and accounted over 30% of the total market share. Rising healthcare issues and hygiene consciousness is driving the market for bathroom vanities across Asia Pacific. Rising disposable income coupled with growing consumer preference for hygienic lifestyle is expected to contribute in the growing popularity of modern bathroom vanities in China. With the rising consumer preference for premium bathroom features are driving the market for bathroom vanities in North America.
Some of the major players of bathroom vanities market invest in research and development for better product quality and cost effective solutions for bathroom. Some of the key players operating in the bathroom vanities market are RSI Home Products, Inc., Ronbow Corporation, American Woodmark Corporation, MasterBrand Cabinets, Masco Corporation and others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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