PUBLISHER: Orion Market Research | PRODUCT CODE: 1500312
PUBLISHER: Orion Market Research | PRODUCT CODE: 1500312
Global Residential Bathroom Cabinets Market Size, Share & Trends Analysis Report by type (With Mirror, Without Mirror), by Product (Single door and Multi door), and by Material (Wood, Metal and Others) Forecast Period (2024-2031)
Residential bathroom cabinets market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period (2024-2031). Residential bathroom cabinets are functional storage units that offer cabinets, drawers, and shelves for essential bathroom items. They contribute to the overall bathroom design aesthetic and come in various styles, finishes, and materials, creating a stylish and functional space.
Market Dynamics
Focus on Customization
There is a growing desire for personalized and customized features in bathrooms. This includes custom-sized cabinets, unique finishes, and the use of unconventional materials to create a one-of-a-kind space. Manufacturers are responding to this trend by offering a wider variety of customizable options. For instance, in January 2024 Kohler introduced the Anthem+ Digital Control, which can control water, light, sound, and steam from a single control panel. It can connect to 12 water outlets to power various sprayers, showerheads, and body sprays.
Demand for Modern Features and Materials
Modern features like soft-close drawers, integrated lighting, and touchless controls are becoming increasingly popular at global level. Similarly, there's a growing interest in using eco-friendly materials like recycled glass and engineered wood, or luxurious materials like granite and marble for bathroom vanities. To meet the growing demand for modern features key players are making new product launches. For instance, in October 2022: Wilsonart announced that it will expand the distribution of its THINSCAPE Performance Tops collection. The engineered surfaces collection includes ten nature-inspired designs in ultra-thin countertops that are highly durable and ideal for kitchens, bath vanities, and laundry room worktops. The expansion follows rising demand for the new European-style, ultra-thin countertops.
Market Segmentation
With Mirror is Projected to Emerge as the Largest Segment
Based on the type, the global residential bathroom cabinets market is sub-segmented into with mirrors bathroom cabinets and without mirrors bathroom cabinets. Among these, the bathroom cabinets with mirror sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth include due to factors such as space optimization, improved functionality, enhanced aesthetics, and cost-effectiveness. With mirror cabinets offer dual functionality, simplifying bathroom design and layout, and can create the illusion of a larger bathroom. They can also be more cost-effective due to bundled pricing or discounts.
The global residential bathroom cabinets market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant market share owing to the presence of the rising demand for aesthetic bathroom materials. The region's growing living standards, renovation culture, and technological advancements contribute to its high demand for high-quality cabinets. According to data released by the United Nations Environment Program (UNEP) in 2021, construction in the Asia-Pacific is booming, and by 2040, the region will be home to half of all new construction in the world.
The major companies serving the global residential bathroom cabinets market include Duravit AG, Nilkamal, Geberit AG, Roca Sanitario S.A.U., HiB Ltd., and Roper Rhodes among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2024, HiB Ltd. forged a strategic partnership with Futureproof, a well-known sustainability platform. This collaboration underscored HiB's dedication to advancing its sustainable initiatives and making a lasting positive impact on the environment and society.