The scope of our recent study on the "Bathroom Vanities Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material (Stone, Ceramic, Glass, Wood, and Metal) and Application (Residential and Commercial)" includes factors governing the market growth, revenue estimation and forecast, and market share analysis. It also includes the determination of significant market players and their key developments.
The bathroom vanities market is projected to reach US$ 46,038.15 million by 2028 from US$ 36,047.21 million in 2021; it is expected to grow at a CAGR of 3.6% from 2021 to 2028. The growth of the bathroom vanities market is being propelled by features such as space-saving, and other attractive storage options. Additionally, the increasing rate of housing construction and completion in the developed countries is also a driver for market growth.
The bathroom vanities market is segmented based on material, application, and geography. On the basis material, the global bathroom vanities market is segmented into stone, ceramic, glass, wood, and metal. The wood segment held the largest share of the market in 2020. This can be attributed to the ease of customization and better aesthetic view provided by the material.
The overall bathroom vanities market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. The bathroom vanities market in Europe was the largest in 2020 due to the high adoption rate of bathroom vanities in residential buildings and the rise in construction activities in the region.
Impact of COVID-19 Pandemic on Bathroom Vanities Market
The global construction sector has experienced a downturn due to the COVID-19 pandemic. Lockdowns imposed by different countries have caused disruptions in the supply chain, resulting in labor and raw material shortages for bathroom vanities. However, as the number of COVID-19 cases declines and lockdown measures are relaxed, the demand for bathroom vanities has begun to increase.
The report includes the segmentation of the bathroom vanities market as follows:
The global market for bathroom vanities is segmented based on material into stone, ceramic, glass, wood, and metal. In terms of application, the market is divided into residential and commercial segments. The market is broadly segmented geographically into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. North America encompasses the US, Canada, and Mexico, while Europe comprises Germany, France, the UK, Italy, Russia, and the Rest of Europe. Asia Pacific includes China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) includes South Africa, Saudi Arabia, UAE, and the Rest of MEA, while South and Central America includes Brazil, Argentina, and the Rest of South and Central America.
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