The global bathroom cabinets market is currently valued at US$ 64.12 Billion and is expected to grow at a CAGR of 8%. Owing to significant design and technological advancements over the past few decades, bathroom cabinets will represent approximately 8% of the global market by 2033.
The future expansion of the bathroom cabinets market is expected to be driven by increasing demand for premium and high-quality products, along with the popularity of designer bathrooms. With consumers placing greater emphasis on aesthetic appearances and cosmetics, the inclusion of mirrors in bathroom cabinets has become increasingly crucial in modern times.
The demand for bathroom wall cabinets is increasing because of the improvements in technology that have made them more durable efficient and having sufficient storage space. Recently, bathroom mirror cabinets with LED lighting are more and more popular. The use of infrared radiation to trigger LED lights has made them much more reliable because they can be controlled from a distance. In addition, corrosion-resistant alloys and LCD clocks have also become very popular recently.
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Due to increasing trends among homeowners toward customized bathrooms that meet each individual’s needs and preferences, homeowners are now looking for unique cabinet designs to accommodate their preferences. As governments invest in infrastructure projects, such as airports, railway stations, buildings, and shopping malls, market growth is also expected.
Residential renovations and remodeling’s, which are increasing throughout developed countries like Germany and the U.S., are expected to contribute significantly to growth in the coming years. As a result, consumers’ attitudes toward different types of bathroom cabinets will change, and the market is expected to grow in the future.
Key Takeaways from the Market Study
- Mirror bathroom cabinets are expected to grow at a CAGR of 4.6% through 2033.
- By 2033, the bathroom wall cabinets market is expected to grow at a CAGR of 5.7% during the forecast period.
- Approximately 73% of the global market is expected to come from the residential segment.
- Commercial segments are expected to grow at a CAGR of 7% between 2023 and 2033.
- According to projections, the Asia Pacific bathroom cabinet market will grow by 33% by 2033.
“Ever-growing construction industry and demand for smart bathrooms, minimal furniture, and commercial bathroom designs are likely to drive bathroom cabinet demand in the future,” comments an analyst at FMI.
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Competitive Landscape
- Geberit AG
- Roca Sanitario
- S.A, Nilkamal Limited
- Duravit AG
- Laufen Bathrooms AG
- W.Scneider+Co AG
- HiB
- Emco Group
- Roper Rhodes Ltd
- FAB Glass.
Through strategic partnerships, manufacturers can increase production and meet consumer demand, boosting revenue and market share. Using new technologies and products for the purpose of producing natural wood cabinets that will benefit end users. Developing strategic partnerships can help companies expand their production capacities. For instance,
- Among the largest cabinet manufacturers in the country, Essential Cabinetry Group intends to expand its operations in Greenville County. A $4.75 million investment by the company will result in the creation of 156 new jobs. Investment in Simpsonville, South Carolina is crucial for meeting our customer’s long-term needs, offering new opportunities to employees, and supporting the local community. A total of 750 kitchen and bath suppliers across the country are served by Essential Cabinetry Group, a build-to-order cabinetry manufacturer. There are three brands of cabinetry that are used by the company: Tedd Wood Fine Cabinetry, Executive Cabinetry, and Designers Choice Cabinetry.
- As an exhibitor at the Kitchen and Bath Industry Show, Kohler is showcasing its latest products for the kitchen and bath sector. Kohler offers luxury design brands, power, and hospitality products. A variety of new products will be presented at the Kohler booth, #W1100, including Kohler Lighting, Sterling, Kallista, Robern, and ANN SACKS. This collection of boldly adorned angular shapes is inspired by the grandeur of French Creole and Spanish Colonial architecture.
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the bathroom cabinets market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the bathroom cabinets market analysis report by Type (With Mirror, Without Mirror), by Material (Wood, Metal, Others), by Product (Single Door, Multi Door), by Application (Residential, Commercial) and by Region – Global Forecast 2023-2033
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Key Segments Covered in the Bathroom Cabinets Market Industry Survey
by Type:
- With Mirror Bathroom Cabinets
- Without Mirror Bathroom Cabinets
by Material:
- Bathroom Cabinets in Wood
- Bathroom Cabinets in Metal
- Other Bathroom Cabinets
by Product:
- Single Door Bathroom Cabinets
- Multi Door Bathroom Cabinets
by Application:
- Residential Bathroom Cabinets
- Commercial Bathroom Cabinets
by Region:
- North America Bathroom Cabinets Market
- Latin America Bathroom Cabinets Market
- Europe Bathroom Cabinets Market
- Asia Pacific Bathroom Cabinets Market
- MEA Bathroom Cabinets Market
FMIs Domain Knowledge in Consumer Goods
Our consumer goods consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the bathroom cabinets sector. Our expertise in recognizing the challenges and trends impacting the global bathroom cabinets industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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