Bathroom Vanities Market Size, Share & Trends Analysis Report By Application (Residential, Non-residential), By Material (Stone, Ceramic, Glass, Wood, Metal), By Size (24 - 35 inch, 38 - 47 inch), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global bathroom vanities market size was valued at USD 38.57 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. The increasing trend of bathroom remodeling and home restoration activities across major economies is expected to elevate the demand for bathroom furniture in the coming years. The global bathroom vanities market is fairly concentrated, with major companies holding an attractive share of the market. Key market participants include Masco, RSI Home Products, American Woodmark, and Kohler. Moreover, branding and the provision of customized products are expected to be key to being competitive in this market. Eco-friendly and durable bathroom vanities are expected to gain prominence in the market over the forecast period.

In addition, there has been a growing demand for environment-friendly and sustainable home furniture, including bathroom vanities. For instance, according to a 2021 SFC survey, in the U.S. almost 97% of respondents expressed an interest in purchasing environmentally friendly furniture for their homes, assuming favorable style and cost are about the same. According to the same survey, it was noted that most respondents (87%) were willing to pay at least 5% to 10% more for environmentally friendly furniture products including bathroom furniture.

Moreover, key players in the market are investing in R&D and introducing new products on a regular basis, to stay ahead of the competition and grow their business over time. For instance, in July 2022, Wilsonart LLC announced its Wilsonart HPL Commercial Collection and the Wilsonart Traceless Laminate Collection. The designs feature new textures and surfaces that create realistic and authentic spaces. The Aligned Walnut Finish is a highlight of the new products and can be paired with four new colors to create walnut designs.

Additionally, bathroom vanities come in various sizes to accommodate bathrooms of different dimensions. These are typically purchased in colors and accents that complement the bathroom interiors. Customization of bathroom vanities is, therefore, a popular trend among consumers. According to Houzz 2022 study, around 60% of consumers in the U.K. prefer customizing their bathroom furniture during bathroom remodeling. In response to this trend, major players have been offering personalized options according to the requirements of the consumers.

Furthermore, the popularity of bathroom furniture, including cabinets, shelves, and storage products, is due to rising urbanization and an exponential increase in consumer buying patterns. Product manufacturers operating in this space are taking major initiatives such as advancements in raw materials, manufacturing technologies, and connected technology to cater to ever-growing consumer demand. This is expected to offer key players lucrative business expansion opportunities. The continued emphasis of manufacturers on new product development and improvements will also contribute to the market's future expansion.

Application Insights

The residential application dominated the market with a share of more than 77% in 2022. Increasing construction in the residential sector across developing economies such as China, India, and Indonesia is opening new growth avenues for the market. According to the World Economic Forum, approximately 200,000 people migrate to urban areas daily for affordable housing and infrastructure.

The non-residential application segment is expected to register the fastest CAGR of 7.9% over the forecast period. Rapid commercial construction, especially in the hospitality sector, has also driven the adoption of bathroom vanities. The hotel industry is a significant contributor to the hospitality market, fueling the development of new hotels and rooms. For instance, according to TOPHOTELPROJECTS, in April 2022, 431 new hotels were planned to open in the U.K. over the next few years, out of which 112 were scheduled to open by the end of 2022.

Product Insights

The wood material segment dominated the market with a share of over 34% in 2022. Wood is highly preferred by consumers owing to its aesthetic appeal. In addition, wood is a major component in cabinets; and modern cabinetry as it is often frameless and is typically constructed from engineered materials, such as MDF, plywood, or chipboard.  Moreover, among the different wood types, plywood is an excellent choice for bathroom vanities.

Bathroom vanities made from glass is projected to register the fastest CAGR of 8.8% during the forecast period. The growing popularity of eco-friendly products such as glass knobs and frames is expected to drive the overall demand for glass in the market. Glass is easy to maintain and is non-toxic as it does not contain hazardous chemicals, additives, or petroleum resins. Glass countertops mainly consist of semi-precious stone fragments, post-consumer recycled glass, and transparent tempered glass.

Size Insights

The 38  -  47 inch size of the bathroom vanities accounted for a majority of the sales in 2022, with a share of about 43%. The category is primarily driven by spacious storage and its suitability for small bathrooms. Medium-sized vanities are characterized by their compact shape, which improves their visual appeal. The demand for bathroom vanities in the 38-47 inch range is rising in both the residential and non-residential application categories.

The 24  -  35 inch size is forecasted to expand at a CAGR of 7.7% during the forecast period. Small bathroom products are preferred in urban areas due to limited space availability, which drives the demand for the 24-35 inch size bathroom vanities. For instance, according to a blog published by Flexible Finance Inc. in January 2023, the average size of flats is getting smaller as more micro-apartments are built. The typical new apartment is just 941 square feet in size, which is 5% less than it was a decade ago. This is expected to drive segment growth over the forecast period.

Regional Insights

The Asia Pacific region dominated the market with a share of around 34% in 2022.The region’s thriving construction sector offers strong opportunities for the adoption of bathroom vanities in the residential and commercial sectors. According to data released by the United Nations Environment Programme (UNEP) in 2021, construction in the Asia Pacific is booming, and by 2040, the region will be home to nearly half of all new construction in the world.

Middle East and Africa region is posed to register the second fastest CAGR of 7.3% over the forecast period of 2023-2030. Continuous expansion in the commercial sector is expected to result in a greater number of hotels, public entertainment areas, and restaurants, which in turn, is likely to generate demand for vanities for bathroom. According to Oxford Economics, the UAE construction industry rebounded by more than 9% in 2021 from 2020, whereas the non-residential building segment grew by 9.2% in 2021. This bodes well for the growth of the market in the region.

Key Companies & Market Share Insights

The market for bathroom vanities is highly competitive, with a range of companies offering various products. Many big players are increasing their focus on new product launches, partnerships, and expansion into new markets to compete effectively.

• For instance, in October 2022, Kohler Company unveiled its new line Anthem, which includes shower controls and valves. The products are created to provide users with an immersive showering experience tailored to their unique requirements. The line is available in both analogue and digital control panels.

• For instance, in January 2023, Caesarstone launched its latest multi-material surfaces portfolio at the Kitchen & Bath Industry Show held at the Las Vegas Convention Center in the U.S. Porcelain and Natural Stone ranges were added to its Quartz and Outdoor Quartz portfolio. 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

• Wyndham Collection

• Kohler Company

• Water Creation, Inc.

• Wilsonart LLC

• Dupont Kitchen and Bath Fixtures

• Caesarstone

Bathroom Vanities Market Report Scope 

Global Bathroom Vanities Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global 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

    • South Africa