The global Bathroom Vanities market is forecast to reach USD 12.48 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand due to the growing trend of bath utilities and multi-utility home décor units. Rising demand for more functional bathrooms is expected to increase the number of installations of specialized countertops that contain sinks.
Increasing
house completion rates in the developed countries is expected to drive the
demand for the market. Growing investments in the retrofitting and remodeling
of existing bathrooms in the developed and developing countries will boost the
demand for the market. An increase in disposable incomes, especially in the
developing countries, and various promotional activities undertaken by the
real-estate sector, are also expected to lead to a surge in the demand of the
market.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Bathroom Vanities
market along with global position, financial standing, license agreement,
products and services portfolio and revenue contribution of each market player.
Key players in the market are focusing on adopting various strategies such as
mergers and acquisition, business expansion plans, new product launches,
partnerships, collaborations, joint ventures to enhance their product base and
gain robust footing in the market.
Market Dynamics:
The global Bathroom Vanities market is rapidly gaining
traction over the recent years and is expected to register robust revenue
growth throughout the forecast period till 2027. The consumer goods sector is
rapidly growing due to factors such as paradigm shift in consumer preferences,
rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue
growth is attributed to factors such as rising disposable income, improvements
in standard of living, and increasing preference for organic food and plant
based food products. Moreover, rising health conscious population, increasing
preference for online shopping and doorstep deliveries and growing inclination
of veganism in several countries across the globe and increasing focus on
developing novel products to cater to consumer demand are other factors
expected to support market growth going ahead.
Some of the Leading Market Players Are Listed Below:
· RSI
Home Products Inc
· Kohler
Company
· JSG
Oceana
· Foremost
Groups
· Empire
Industries, Inc.
· Design
House (DHI Corp.)
· Design
Element Group Inc.
· Bellaterra
Home, LLC
· Avanity
Corporation
· American
Woodmark Corporation
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Market Segmentation:
Bathroom Vanities Market Segmentation based on
Material Outlook:
- Metal
- Wood
- Glass
- Ceramic
- Stone
Bathroom Vanities Market Segmentation based on
Application:
- Residential
- Non-Residential
Bathroom Vanities Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Bathroom Vanities Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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