A research study titled, “Bathroom Vanities Market by Material and Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Bathroom Vanities Market Is Projected To Be Around $9.54 Billion By 2022.
The Bathroom Vanities Market was worth USD 5.50 billion in the year of 2012 and is expected to reach approximately USD 9.54 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 5.08% during the forecast period. A bathroom vanity can be characterized as the blend of the bathroom basin or sink and the storage that encompasses it. It is for the most part thought of similar to a bit of bathroom cabinetry that is intended to hold the sink and cover the related pipes and in addition giving truly necessary storage. The benchtop is additionally a critical piece of the bathroom vanity and benchtops are accessible in wood, reconstituted stone, cement, laminate, stone, and more. Bathroom vanities are produced using diverse materials however they are normally resistant to moisture or water, since bathrooms are mostly meant to be wet all the time. As the vanity is practically one of the main centerpieces of the bathroom, you will find that they arrive in a stunning scope of designs, sizes, and shapes. They can be exceptionally limited and sufficiently wide to hold the sink, or they can traverse the whole length of a bathroom wall. The size will for the most part rely upon the measure of the bathroom itself as it is essential that the vanity is in extent.
Rising inclination towards green and eco-friendly materials, for example, engineered stone and reused glass is anticipated to trigger the demand for the bathroom vanities market. Increasing renovating and reconstruction activities due to changing consumer inclinations is foreseen to supplement the demand for bathroom vanities through the estimate time frame. Increasing demand for formaldehyde free durable wood cabinets due to high level of awareness among consumers is anticipated to upgrade product quality. Additionally, rapid advancement of infrastructure in emerging economies is foreseen to positively influence market development.
On the basis of material the global Bathroom Vanities market is segmented into metal, ceramic, glass, wood and stone. On the basis of application the global market is segmented into residential and non-residential. The major players in the market are Avanity Corporation, FOREMOST GROUPS INC, MasterBrand, Masco and American Woodmark. Geographically, the market is segmented into Europe, North America, Asia Pacific and Rest of the world.
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Key findings of the Bathroom Vanities market