The bathroom vanities market refers to stylish storage furniture that is installed below the sink, countertops and mirror in a bathroom. Bathroom vanities provide storage space for toiletries, cleaning supplies and accessories through the inclusion of cabinets with shelves and drawers, soft-closing drawers and frosted or smoked glass cabinet doors. Material choices in vanities include wood, ceramic/porcelain, laminate, glass & stone. Bathroom vanities provide adequate storage space for bathroom essentials and cosmetics while complementing the overall décor style of the bathroom.
The bathroom vanities market is estimated to be valued at USD 43.82 Bn in 2024 and is expected to reach USD 72.05 Bn by 2031. It is expected to grow at a compound annual growth rate (CAGR) of 7.36% from 2024 to 2031.
Key Takeaways
Key players operating in the bathroom vanities market are Kohler Co., American Woodmark Corporation,IKEA, Simpology, Pedini, KraftMaid, Bellaterra Home, Robern, and Avanity Corporation.
Growing preference for spacious and aesthetically appealing bathrooms among homeowners is driving the demand for Bathroom Vanities Market. Consumers are increasingly adopting bathroom vanities with ample storage space and various finishes to complement bathroom colors.
Technology advancement has allowed manufacturers to develop vanities with superior quality materials and aesthetics. Many players are offering vanities with soft-close drawers, durable surfaces, and LED lighting features to meet evolving consumer needs.
Market trends
Customization is emerging as a key trend in the bathroom vanities industry. Major brands are offering customized sizes, designs, drawer configurations and finish options to meet project-specific requirements of customers.
Modular vanities are gaining popularity owing to easy assembly and flexible installation.Made of lightweight materials, modular vanities allow consumers to customize configurations and rearrange components.
Market Opportunities
Growing demand for smart bathroom vanities embedded with wifi connectivity and sensor features. This allows remote operations through compatible apps.
Rising spending power of middle-class households in developing countries presents an opportunity for entry-level premium bathroom vanities aligned with affordable price points.
Impact of COVID-19 on Bathroom Vanities Market Growth
The COVID-19 pandemic has severely impacted the bathroom vanities market. During the initial lockdown phase in 2020, manufacturing and supply chain disruptions led to a steep decline in sales and revenue. Shutting down of brick-and-mortar stores also limited the product reach. As people restricted their movement and avoided purchasing non-essential items, the demand from end-users nosedived. However, as lockdowns eased, the do-it-yourself trend among homeowners generated new opportunities. Many started renovating their bathrooms by replacing old vanity units. This helped regain some lost momentum in the second half of 2020.
Going forward, the market is expected to pick up pace steadily. Major players are focusing on safe manufacturing practices and strengthening their online channels. Customers are also developing more confidence in shopping for bathroom fittings from the comfort of their homes. While commercial construction activities may take longer to recover fully, residential real estate segment will aid growth. The rising popularity of smart and customized vanities integrating IoT technology also opens new revenue streams. Overall, prudent strategies among market participants along with vaccination drives worldwide will determine how quickly pre-COVID sales levels are attained.
Geographically, North America holds the largest share of the global bathroom vanities market in terms of value. This is attributed to high bathroom renovation expenditures and massive housing improvements in the US and copyright. Europe ranks second due to major brands present across countries like Germany, UK, Italy and France. Rapid urbanization and rising disposable incomes are fueling bathroom upgrades in Asia Pacific, making it the fastest growing regional market. China, India and other Southeast Asian nations are displaying high potential through their emerging middle class.
Get more insights on- Bathroom Vanities Market
Get this Report in Japanese Language: バスルーム洗面化粧台市場
Get this Report in Korean Language: 욕실 세면대 시장
Explore more related articles -Emergence of Dark Kitchens in UAE
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)