The global Bathroom Vanities market is forecast to reach USD 12.48 Billion by 2027, according to a new report by Reports and Data.
New York, NY -- (SBWIRE) -- 02/01/2021 -- The global Bathroom Vanities market is forecast to reach USD 12.48 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand due to the growing trend of bath utilities and multi-utility home décor units. Rising demand for more functional bathrooms is expected to increase the number of installations of specialized countertops that contain sinks. Increasing house completion rates in the developed countries is expected to drive the demand for the market. Growing investments in the retrofitting and remodeling of existing bathrooms in the developed and developing countries will boost the demand for the market.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/3137
The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Bathroom Vanities Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market
Further key findings from the report suggest
Non-residential applications occupied 19.5% of the market share in 2019. These include renovation and construction of hotels, retail shops, offices, healthcare facilities, and schools.
The stone material is likely to grow at a rate of 5.6% in the forecast period. Engineered stone, such as quartz, finds extensive applications in bathroom vanities. This is due to the properties it offers, such as low upkeep, uniform inward structure, non-porous structure, and solid polymer resin binding. These are expected to increase the demand for the segment.
48-60-inch sized vanities are likely to grow at a rate of 3.6% in the forecast period. These find applications in commercial areas where a countertop requires more than one sink. These are used in corporate offices, R&D centers, and IT companies and are rarely used for residential applications.
North America occupied 27.6% of the market share in 2019. The region is expected to have a high growth rate, owing to the increase in house completion rates. Large investments made in retrofitting and remodeling of existing bathrooms are also likely to lead to a higher market growth rate. The region is also the house of major operators of the market, which leads to larger market size for it.
The global Bathroom Vanities market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Bathroom Vanities market are listed below:
RSI Home Products, Inc., Kohler Company, JSG Oceana, Foremost Groups, Empire Industries, Inc., Design House (DHI Corp.), Design Element Group, Inc., Bellaterra Home, LLC, Avanity Corporation, and American Woodmark Corporation, among others.
Material Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Size Outlook (Revenue, USD Billion; 2017-2027)
To get an exclusive discount on the report, visit @ https://www.reportsanddata.com/discount-enquiry-form/3137
Radical Features of the Bathroom Vanities Market Report:
Valuable insights into the Bathroom Vanities market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Bathroom Vanities industry
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Bathroom Vanities Market Segmentation & Impact Analysis
Chapter 5. Bathroom Vanities Market, By Type Insights & Trends
Chapter 6. Bathroom Vanities Market, By Application Insights & Trends
Chapter 7. Bathroom Vanities Market, By End Use Insights & Trends
Chapter 8. Bathroom Vanities Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
To Get This Report at a Lucrative Price, Click @ https://www.reportsanddata.com/checkout-form/3137
Thank you for reading our report. To know more about customization options, please get in touch with us. Our team will ensure the report is tailored to suit your requirements.
Have a Look at Related Reports:
Cured-in-Place-Pipe Market Share
Polycarbonate Market Analysis
Modular Fabrication Market Trends
About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.