Allied Market Research

2024

Bathroom Storage Rack Market

Bathroom Storage Rack Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Price Point, by Application and by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

CG : Home Products

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Author's: | Roshan Deshmukh
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Bathroom storage racks are bathroom cabinets or bathroom shelves that are used to keep bathroom products and other accessories in organized manner. They are generally placed above sinks or below sink. Bathroom storage racks or cabinets are commonly made up of wood, stones, PVC or mdf material. PVC is majorly used in manufacturing bathroom storage racks as these PVC bathroom storage racks are water proof and has higher durability than wood, PVC bathroom storage racks are available at more affordable rates than wooden bathroom storage racks or cabinets. Bathroom storage racks and cabinets are available in different shapes and design that has different capacity to contain bathroom products. Bathroom storage racks market has shown significant growth in last few years as it has secured wide consumer base of household sector. Bathroom cabinets are available in stylish designs that help to enhance appearance of bathroom. Innovation in bathroom storage racks and cabinets is prime factor in growth of global bathroom storage rack market and expected to rise during the forecast period.

 

COVID-19 Impact Analysis    

  • During COVID-19, globally many industries suffered from economic crises. The pandemic hampered the global bathroom storage rack market. 
  • To control spread of coronavirus, lockdowns were imposed that resulted in huge disruption in supply chain of raw material and looming of production cycle of global bathroom storage rack. Restraints were imposed by government on several brand stores and hardware stores that led to great hampering in demand of bathroom storage rack.
  • E-commerce has played vital role in uplifting supply chain of bathroom storage rackas it helps to cover wider range and cater demands of customer. Customers started shifting to online shopping method and hesitating and avoiding to going for instore purchases to control spread of corona virus diseases. 

Top Impacting Factors
Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products. Key players have introduced new and modern bathroom storage racks, these bathroom storage racks or cabinets are wall mounted and comes with vanity mirrors, they have also introduced cabinets mirror with lamps that helps people to see their faces in dark places or during night time. New stylish and modern bathroom storage racks are coming with multiple compartment and have electric to use trimmers hair dryers and electronic appliances in bathroom.
Now a days people are opting for smart bathroom fixtures, bathroom storage racks has become essential fixture among household sector as it helps to keep other bathroom accessories in organised manner.New bathroom storage racks are act as a space saver and helps maximize small bathroom space by offering efficient use of it, as it helps to keep several bathroom accessories such as towels, trimmers, hair dryer and other health care products. Bathroom cabinets or storage racks are affordable solutions to keep bathroom accessories. 
In last few years, renovation activities have increased in commercial and household sector, as with the changing life style of people they are opting for standard and modern bathroom products.With the rise in disposable income of consumer, people are willing to spend more on bathroom interiors and sanitation facilities to upgrade standard of living.Many reputed hotels and mega resort are highly investing in bathroom storage racks to offer premium services to customers.

Market Trends-

Surge in Launches of Bathroom Storage Racks to Flourish Market and Rise in Dependency of E-Commerce Platforms

  • Bathroom vanity cabinets are recent innovation, many key players are introducing a new Bathroom storage rack that consists of acrylic sink and racks are made of MDF wood that is highly durable in nature as compared to normal plywood. They have also made some significant changes in bathroom storage racks as they have introduced a dual sink bathroom storage rack that comes with multi-functional drawers. Many bathroom storage racks are made up of different types of marbles that is extremely premium and very expensive. E-commerce is also playing significant role in influencing demand of bathroom storage racks, as it offers variety of products and in affordable able prices, especially now a day’s people are more dependent on online shopping platforms as they are very busy with their working schedules. Surge in launches of bathroom storage racks to flourish market and rise in dependency of e-commerce platform for shopping is major factor that is boosting growth of global bathroom storage rack market.

Rise in Trend of Using Bathroom Storage Racks for Interior Designing of Bathrooms

  • Many professional designers are using bathroom cabinets to design smart bathroom as it helps to make tuning with ambience of bathroom and enhance beauty of washroom. Modern and designer bathroom storage racks are premium and stylish in nature and delivers aesthetic appeal to bathrooms. Many bathroom storage racks are coming with different facilities such as bathroom cabinets with night lamp and vanity mirror that help to get ready in night time without disturbing other family members. New wall mounting floating bathroom storage rack are trending in market, as they have no pillar for support they are generally mounted on wall below sinks. Rise in trend of using bathroom storage racks for interior designing of bathroom is utmost factor that is fuelling growth of global bathroom storage racks market. 

Key Benefits of Report

  • This study presents the analytical depiction of the bathroom storage rack industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bathroom storage rack market share.
  • The current market is quantitatively analysed to highlight bathroom storage rack market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed bathroom storage rack market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Bathroom Storage Rack Market Research Report

  • Which are the leading players active in the bathroom storage rack market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is the bathroom storage rackmarket prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the current trends and predicted trends?

Bathroom Storage Rack Market Report Highlights

Aspects Details
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By Product Type
  • Folding Storage Rack
  • Attached Storage Rack
  • Automatic Storage Rack
  • Others
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By Price Point
  • Premium
  • Medium
  • Economy
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By Application
  • Household
  • Commercial
  • Others
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By Distribution Channel
  • B2b
  • B2C
  • Online
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Roca Sanitario SA, HuidaSanitaryware India Pvt Ltd, JomooKitchen and Bath Co. Ltd., Joyous Housing Limited, Hansgrohe India Pvt Ltd., Villeroy Bosh Sales India Pvt Ltd., Toto Ltd. Grohe India Private Limited, Kohler Co, lixilindia private limited.

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Bathroom Storage Rack Market

Global Opportunity Analysis and Industry Forecast, 2023-2032