Selbyville, Delaware, May 30, 2023 (GLOBE NEWSWIRE) -- Bathroom Furniture Market is anticipated to worth more than USD 34 billion by 2032, as per a recent study by Global Market Insights Inc.
Consumers are placing greater importance on creating stylish and visually appealing bathrooms, which has led to a surge in demand for aesthetically pleasing and well-designed bathroom furniture. Additionally, with consumers increasingly seeking products made from sustainable materials and those that offer energy-efficient features, manufacturers are offering eco-friendly bathroom furniture options, such as those made from recycled materials or with water-saving technologies. These factors may influence the industry growth over the forecast period.
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Console Vanity segment to gain prominence
With respect to type, the market is bifurcated into console vanity, bathroom mirrors, bath vanity, and vanity tops. The bathroom furniture market size from the console vanity segment will witness substantial growth over 2032 - 2032. Console vanities have emerged as a popular choice among consumers due to their sleek and minimalist design, which adds a modern and elegant touch to bathrooms. These vanities can blend with various bathroom styles including modern, traditional, or transitional. Console vanities also offer a compact and streamlined design that is well-suited for smaller bathrooms or bathrooms with limited space, thereby addressing the growing demand for space-saving furniture solutions.
Growing preference for ceramic bathroom furniture
With respect to material, the industry is divided into wood, stone, ceramic and glass. The ceramic bathroom furniture market held a substantial revenue share in 2022 and is estimated to witness growth at a robust pace over 2023-2032. Ceramic material is widely used in the manufacturing of bathroom furniture such as sinks, countertops, tiles, and sanitary ware due to its durability and versatility. Innovative ceramic manufacturing techniques, such as digital printing, have further expanded the design possibilities. Moreover, advancements in ceramic technologies, such as antibacterial and self-cleaning properties, has further enhanced the demand for ceramic bathroom furniture.
Commercial application segment to record significant growth
In terms of application, the bathroom furniture market is categorized into commercial and residential. The commercial application segment is set to generate substantial revenue by the end of 2032 owing to the rising network of commercial buildings, including hotels, restaurants, offices, and healthcare facilities. Additionally, hotels, resorts, and restaurants are investing in high-quality bathroom furniture to provide a comfortable and luxurious experience for their guests. This includes stylish vanities, well-designed storage solutions, and high-end fixtures that enhance the overall ambiance of the space, which will foster segment expansion.
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Europe to emerge as a pivotal revenue pocket
Europe bathroom furniture market is projected to reach a substantial revenue by the end of 2032 attributed to several factors including increasing urbanization, rising disposable incomes, and evolving lifestyle preferences. Sustainable and eco-friendly designs are also gaining prominence in the European market, aligning with the growing focus on environmental sustainability. Additionally, advancements in technology and materials are driving innovation and offering a wide range of options to cater to diverse consumer preferences, thereby bolstering the regional market outlook.
Bathroom Furniture Industry Leaders
Haier Inc., Godrej Interio, Al Meera, Ballingslöv International AB, Essel, Boffi S.p.A, Golden Home Cabinets, American Woodmark Corporation, IKEA, and Lixil are among the top companies operating in the global bathroom furniture market.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
