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Allied Market Research

Bathroom Vanities Market Material (Stone, Ceramic, Wood , Plastic, Others) Application (Commercial, Household/Residential) Distribution Channel (Offline Channels, Online Channels) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Aug 2021 | 664 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Bathroom vanities are a combination of storages around sinks or basins. The rise in trend of remodeling the house interiors with the changing lifestyles of people boosts the growth of the sanitary ware and vanities market. Bathroom vanities manufactured using wood, steel, stone, glass, metal, ceramic, and other material, come with the feature of water and moisture resistance. Also, these are available in different sizes like 24 - 35 inches, 38 - 47 inches, 48 - 60 inches, and others. The design and utility of bathroom vanities attract more customers to adopt this product in their bathrooms. Consumer shift toward smart living and high demand for quality bathrooms fuel the growth of the market significantly during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Material, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Masco Corporation, Master Brand Cabinets Inc, American Wood mark Corporation, DuPont; and Foremost Groups, Inc, Alya Bath, Silkroad Exclusive, Imperial Marble, Virtu USA, Myakka, Lord, Bath Sense, Native Trails, and James Martin Furniture.

 

COVID-19 Scenario Analysis:

The COVID-19 pandemic has hit the global market for the bathroom vanity, and the current scenario of bathroom vanity is not pretty good. The construction and remodeling activities, across the globe, are on a halt, due to the safety reasons to protect oneself from the ongoing pandemic. The consumer demand for the bathroom vanities has also dropped. Along with this, producers also had to stop the production activities because of a lack of raw material, which is not available due to restrictions on import-export activities.  

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The increase in demand for bathroom vanities in the sanitary ware sector due to rise in adoption at home and in other commercial buildings. Also, the availability of the product in varied sizes and designs boosts the growth of the market. In addition, the purchasing power of potential buyers and the impact of a developed economy surges the growth of the bathroom vanities market. The key trends that fuel the growth of the global market of bathroom vanities are modern architecture, changes in lifestyles of the people, and the presence of social media.

The global bathroom vanities market trends are as follows:

New product launches to flourish the market

The market players operating in this market are trying to bring new products in the market and also, developing new strategies that are unique from their competitors to increase their market share. IKEA, the furnishing leader in the world, adopts the digital marketing strategy to reach out to the consumer in a unique way. Its core strategy is to reach out to the retailers in the market and making outdoor campaigns that bring more value to product successiveness in the marketplace.

The surge in usage in Consumer goods market and industrial applications

The key players operating in the bathroom vanities market are producing unique and new trending designs, which helps to make the interior more unique and attractive in look. The new generation and developed economy have increased the demand for bathroom vanities globally. There is a rise in the demand for this product due to penetration of e-commerce platforms.

Key Segments Covered:

Segments

Sub-segments

  Material

  • Stone
  • Ceramic
  • Wood
  • Plastic
  • Others

  Application

  • Commercial
  • Household/Residential

  Distribution Channel

  • Offline Channels
  • Online Channels

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global bathroom vanities 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 a detailed analysis of the global bathroom vanities market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global bathroom vanities market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global bathroom vanities market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Bathroom Vanities Market Research Report:

  • What are the leading market players active in the bathroom vanities market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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