Bathroom Mirror Cabinets Market

The bathroom mirror cabinets market size was valued at $649.3 million in 2018, and is projected to reach $995.9 million by 2026, registering a CAGR of 5.6% from 2019 to 2026. The polymer segment accounted for the largest market share in 2018 and is expected to retain its dominance throughout the forecast period.

Over the past few years, the demand for residential housing and supporting infrastructure has increased enormously. Furthermore, growth in population and rise in middle class population create colossal demand for more urban real estate in the developing regions. Although in developed economies the cities are not growing at high pace; however, technology and rise in aspiration for luxury are becoming new value drivers. Engaged stakeholders are now partner with government to mitigate risks. In many developing economies such as India, China, and Vietnam, governments are taking the lead in developing residential infrastructure. Moreover, increase in government expenditure, rise in middle class population, and surge in income to create demand for bathroom accessories are expected to boost bathroom mirror cabinets market demand.

The global bathroom mirror cabinet market has witnessed considerable growth over the past few years due to the emergence of concept bathroom. Therefore, engaged stakeholders in the industry are offering a one-stop shop solution for all bathroom vanity requirements, owing to increase in popularity of concept washrooms. Engaged stakeholders in the industry have established experience-centers where a customer can view all bathroom vanities at a single place. This acts as a key differentiator for the engaged stakeholders in the industry. Leveraging technology with perfect blend of features, price, and quality will facilitate the enhancement of consumers’ experience, and concept bathroom is one such initiative to enhance consumer experience.

E-commerce has gaining wide acceptance year-by-year with consumer now opting for the convenience of online shopping more than ever before. With increase in penetration of mobiles, the online market is projected to grow at exponential rate as customers are transitioning toward phone, tablet, or similar mobile device for purchasing day-to-day products. A single channel approach is no longer sufficient, as a result leading players in the industry are now establishing on online channels. E-commerce is booming. The rapid expansion of the e-commerce industry has led players in the industry to shift strategy focusing omni-channel presence to cater to the demand of customers. However, active stakeholders in the industry face challenges to provide seamless experience for both the customer experience and internal processes.

Segment review

The global bathroom mirror cabinets market is segmented into material, type, sales channel, and region. Depending on material, the bathroom mirror cabinets market is bifurcated into steel and polymer. Based on type, the global market is bifurcated into single door and multi-door. Based on sales channel, the global market is segmented into offline channel and online channel. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA 

Based on material, the global bathroom mirror cabinets market is segmented into steel and polymer. Polymer segment constitutes the major bathroom mirror cabinets market share and is poised to grow at highest CAGR during the forecast period. Polymer are light weight, rust resistant, and easy to fabricate as compared to steel. Furthermore, polymer bathroom mirror cabinets are cheaper as compared to its counterparts.

Based on type, the global bathroom mirror cabinets market is studied across single door and multi-door. Single door leads in terms of global bathroom mirror cabinets demand; however, the multi-door segment is expected to gain significant market share during the forecast period.

Based on sales channel, the bathroom mirror cabinets market is classified into offline channel and online channel. Offline channel dominates the global bathroom mirror cabinet market; however, the online channel will continue to grow with robust CAGR during the forecast period. 

Based on region, the bathroom mirror cabinets industry is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region leads in terms of market share; however, is estimated to grow with highest CAGR during the forecast period.

The report focuses on the bathroom mirror cabinets market growth prospects, restraints, and opportunities of the global market. The study provides Porters five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the global market.

Some of the key players in the bathroom mirror cabinets market analysis include Roca, Geberit AG, Laufen Bathrooms AG, Duravit, Bellaterra Home LLC., HiB, Roper Rhodes Ltd, W. Schneider+Co AG, FAB Glass and Mirror, and Emco group.

Key Benefits for Stakeholders:

• The bathroom mirror cabinets report provides an extensive analysis of the current and emerging trends and opportunities.
• The report provides detailed qualitative and quantitative analysis of the current bathroom mirror cabinets market trends and future estimations that help evaluate the prevailing market opportunities in the market.
• The bathroom mirror cabinets market forecast is offered along with information related to key drivers, restraints, and opportunities.
• The bathroom mirror cabinets market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
• The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

 Bathroom Mirror Cabinets Market Report Highlights