The global bathroom vanities market size was valued at USD 36.34 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. The global demand for bathroom vanities is being driven by the expanding leisure and hospitality industries. Furthermore, it is expected that the market for bathroom vanities would grow in the next years due to increased disposable income and shifting consumer lifestyles in regions like the Asia Pacific and Europe. The coronavirus pandemic has posed numerous challenges for conventional stores in the retail industry. According to Amperity COVID-19 Retail Monitor, which has been tracking consumer behavior across categories and channels of 100 North American retail brands, the overall demand in retail was down by 90% year-over-year, as of 6th April 2020. The losses are mainly driven by the temporary closure of retail stores. However, online revenue also dropped 74% year-over-year, creating a major challenge for the supply and distribution of essentials.
Additionally, COVID-19 has affected every industry globally, with the hotel sector among the worst affected. Due to travel restrictions and lockdowns, the commercial bathroom vanities business has been disrupted. Due to ongoing health issues from the ongoing epidemic and the weakening economy, the travel industry as a whole has seen a significant downturn.
An increase in the average number of bathrooms in U.S. households is also resulting in the greater adoption of storage around sinks or basins. In the past half-century, the number of bathrooms per person in America has doubled. Moreover, the share of houses with 10 or more bathrooms has doubled in the past decade, according to a January 2020 blog post by The Atlantic. According to the U.S. Census Bureau, of the 903,000 single-family homes completed in 2019, 32,000 had one and one-half bathrooms or less and 296,000 homes had three or more bathrooms. This trend is projected to fuel the demand for bathroom vanities.
Market growth is also anticipated to be fueled by government initiatives for the development of infrastructures, such as airports, buildings, railway stations, and malls. In addition, the market is anticipated to expand rapidly over the course of the projected period as a result of rapid urbanization. Additionally, the demand for better utility services near sinks is increasing due to the thriving commercial construction industry, notably in the hospitality sector, which includes hotels, resorts, and hospitals.
To complement the modern urban lifestyle, key industry participants such as JSG Oceana and Kohler are coming up with smart, upgraded, and visually appealing products. Furthermore, the rising inclination toward elegant, stylish, modern, and fancy bathrooms is anticipated to widen the scope of premium-quality bathroom vanities in the projected period.
E-tailing or direct-to-consumer as a sales channel offers immense scope for market entrants as they do not have a rigid supply chain model. Players operating in the industry have increased their focus on e-tailing owing to the growing consumer demand for online shopping on account of convenience and flexibility. For instance, a key player such as Kohler Co. offers this type of convenience store retailing to broaden their market reach and widen the scope of product application.
In terms of revenue, the residential segment dominated the market with a share of around 77.4% in 2021. In order to keep a bathroom clutter-free, the use of a bathroom cabinet is valuable. Cabinets with mirror front and compartments to keep toiletries and other things organized are preferred at most residential places predicting substantial growth over the forecasted period.
The non-residential segment is projected to register a CAGR of 8.6% from 2022 to 2030. Bathroom vanities with smart technologies such as aroma diffuser machines, chromo lights, and inbuilt sounds are well received by consumers staying at a hotel/ resort and many others across the globe. Such technological advancements are expected to bolster market growth in the upcoming years.
In terms of revenue, the wood segment dominated the market with a share of around 34.58% in 2021. According to Houzz Inc. in 2022, 30% of those who have recently renovated are preferring wood bathroom vanities, especially those with a matte finish. It can be relatively neutral while adding a touch of warmth and comfort to the room.
The glass segment is estimated to grow with the fastest CAGR of 9.5% over the forecast period. Additionally, ceramic basin alternatives will be incorporated into designs employing novel materials like glass, concrete, pressured surfaces, and mineral cast basins.
In terms of revenue, the 37-48-inch holds the largest market share of 43.6% in the year 2021 and is expected to affect the market growth positively. The segment is primarily driven by good storage capacity and the ability to fit effectively in small bathroom areas. Medium-sized vanities are designed to be compact so that they do not take up the entire bathroom area and instead distinguish themselves when it comes to the aesthetic value of the room.
The 25 - 34 inch, segment is estimated to grow with the fastest CAGR of 8.4% over the forecast period. Single-sink vanity tops are supported by bathroom vanities in the 24- to 35-inch size range, which is favored by consumers for residential use. Small-sized bathroom vanities are typically favored for residential use, according to the common trend.
Asia Pacific regional market accounted for the largest market share of more than 32% in 2021 and is expected to witness a CAGR of 9.1% during the forecast period from 2022 to 2030. The increasing population and improved standard of living have spurred the growth prospects of the construction sector in the region in the past few years. Growing disposable income has triggered the overall retail market in the region. Changing lifestyles and rapid trend shifts owing to urbanization across emerging countries such as China and India are projected to boost regional market growth over the forecast period.
North America has the bathroom vanities market with a share of 29.1% in 2021. The growth is attributed to a rise in housing completion rates in the region, which is likely to remain a key driving factor in the market over the forecast period. The large funds spent on remodeling and retrofitting of existing bathrooms in the region are also expected to boost the demand for bathroom vanities over the forecast period.
The market is characterized by the presence of a few established players and new entrants. Many big players are increasing their focus on the growing trend of bathroom vanities. Players in the market are diversifying their service offerings in order to maintain market share.
Some of the key players operating in the global bathroom vanities market include:
American Woodmark Corporation
Avanity Corporation
Bellaterra Home, LLC
Design Element Group, Inc.
Design House (DHI Corp.)
Empire Industries, Inc.
Foremost Groups
JSG Oceana
Kohler Company
RSI Home Products, Inc.
Wilsonart International LLC
DuPont
Caesarstone
Report Attribute |
Details |
Market size value in 2022 |
USD 38.34 billion |
Revenue forecast in 2030 |
USD 70.0 billion |
Growth rate |
CAGR of 7.6% from 2022 to 2030 |
Base year for estimation |
2021 |
Historical data |
2017 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Revenue in USD million and CAGR from 2022 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Application, material, size, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; South Africa |
Key companies profiled |
American Woodmark Corporation; Avanity Corporation; Bellaterra Home, LLC; Design Element Group, Inc.; Design House (DHI Corp.); Empire Industries, Inc.; Foremost Groups; JSG Oceana; Kohler Company; RSI Home Products, Inc.; Wilsonart International LLC; DuPont; Caesarstone. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the bathroom vanities market based on application, material, size, and region:
Application Outlook (Revenue, USD Million, 2017 - 2030)
Residential
Non-Residential
Material Outlook (Revenue, USD Million, 2017 - 2030)
Stone
Ceramic
Glass
Wood
Metal
Size Outlook (Revenue, USD Million, 2017 - 2030)
24 - 35 Inch
38 - 47 Inch
48 - 60 Inch
Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa (MEA)
South Africa
b. The bathroom vanities market was estimated at USD 36.34 billion in 2021 and is expected to reach USD 38.34 billion in 2022.
b. The bathroom vanities market is expected to grow at a compound annual growth rate of 7.6% from 2022 to 2030 to reach USD 70.00 billion by 2030.
b. Europe dominated the bathroom vanities market with a share of around 25.96% in 2021. The growing trend of multi-utility home décor units and bath utilities is expected to be a key factor in boosting the market growth.
b. Some of the key players operating in the bathroom vanities market include American Woodmark Corporation, Avanity Corporation, Bellaterra Home, LLC, Design Element Group, Inc., Design House (DHI Corp.), Empire Industries, Inc., Foremost Groups, JSG Oceana, Kohler Company, RSI Home Products, Inc., Wilsonart International LLC, DuPont, Caesarstone.
b. Key factors that are driving the bathroom vanities market growth are due to increased disposable income and shifting consumer lifestyles in emerging regions and also the increase in demand for better utility services near sinks.
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