The vanities with top market are anticipated to grow at a CAGR of 5.2 % during the forecast period (2022-2028). Bathroom vanities are built-in storage units that surround sinks or basins. The sanitary ware and vanities industry is growing as the trend of upgrading house interiors grows in tandem with people’s changing lifestyles. Water and moisture resistance is a property of bathroom vanities made of wood, steel, stone, glass, metal, ceramic, and other materials. Bathroom vanities are becoming increasingly popular due to their attractive form and functionality. Due to consumer shifts toward smart living and rising demand for high-quality bathrooms are expected to propel the growth of the market during the forecast period. The surge in adoption at home and in other business buildings has increased the demand for bathroom vanities in the sanitary ware industry. The market’s growth is further aided by the product’s availability in a variety of sizes and styles. Furthermore, the spending power of potential purchasers, as well as the influence of a developed economy, propels the growth of the bathroom vanities market during the forecast period. Modern architecture, changes in people’s lives, and the existence of social media are the key factors driving the vanities market during the forecast period.
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The global vanities with top market is segmented based on the material, application, and distribution channel. Based on the type, the market is sub-segmented into stone, ceramic, glass, wood, and metal. Based on the application, the market is sub-segmented into residential and commercial. Based on the distribution channel, the market is sub-segmented into online and offline. Among these segments, the residential segment is expected to hold a considerable share in the market during the forecast period. The demand for vanities with value-added amenities such as space-efficient, customizable, reduce clutter providing attractive and secure storage options is propelling the growth of the market during the forecast period.
The major market players in the global vanities with the top market are Masco, American Woodmark, MasterBrand Cabinets, Foremost Group, and Avanity Corp., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2021, Vanity Planet announced the launch of a retail distribution agreement with Nordstrom. The best-selling Fria Skincare Fridge will be in stores nationwide, and Vanity PlanetTM will be available on Nordstrom.com. LEDA Red Anti-Aging LED Sonic Facial Brush, LEDA Blue Acne Fighting LED Sonic Facial Brush, Senia Hot & Cold Smart Facial Steamer, Formfit+ Bluetooth Body Composition Smart Scale, and Fria Skin Care Fridge are six of Vanity Planet’s best sellers.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Masco, American Woodmark, MasterBrand Cabinets, Foremost Group, Avanity Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vanities with Top Market Report by Segment
By Material
- Stone
- Ceramic
- Glass
- Wood
- Metal
By Application
- Residential
- Commercial
By Distribution Channel
- Online
- Offline
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