The Asia Pacific Bathroom Vanities Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
The market for innovative bathroom vanities is expanding. Furthermore, as customer demand for contemporary amenities such as specialty counters with sinks rises, there is a growing need for bathroom vanities. Consumers currently like contemporary characteristics such as laminates made of high-pressure plastic and glass with LED illumination. When a countertop needs more than one sink, these vanities are frequently employed in industrial settings. In addition, they have commercial applications, including IT firms, corporate headquarters, and R&D facilities.
The market for bathroom vanities is positively impacted by the popularity of practical bathroom amenities in workplaces, educational institutions, and retail settings. As a result, the market has seen manufacturers investing more money in the development of bathroom vanities, which is anticipated to spur market growth over the forecast period. Vanities are available from manufacturers with features including LED interiors, microbiological protection systems, built-in sound, chrome lights, and scent diffuser machines. The expansion of the bathroom vanities market is also being fueled by the expansion of the internet distribution channel.
According to the Indian government, the country's real estate industry will generate USD1 trillion by 2030 and account for 13% of its GDP by 2025. There will be a need for 25 MN more mid-range and inexpensive units by 2030 when more than 40% of the population (compared to 33% presently) is predicted to reside in urban India. India's GDP is 9%, derived from the construction industry. By 2050, 50% of people worldwide will live in urban areas. To integrate various transportation options and speed up infrastructure development in India, the government has introduced a master plan. India has vowed to develop cutting-edge infrastructure fit for the twenty-first century. India's government wants to 5% lower the cost of logistics. As a result, the market for bathroom vanities will likely experience expansion during the following years in the region.
The China market dominated the Asia Pacific Bathroom Vanities Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,195.2 Million by 2028. The Japan market is estimated to grow a CAGR of 5.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.6% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Household & Residential and Commercial. Based on Material, the market is segmented into Ceramic, Wood, Stone, Plastic and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Bathroom Vanities Market is Projected to reach USD 14.3 Billion by 2028, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Masco Corporation, Fuao Sanitaryware Private Ltd., Alya Bathroom Supply LLC, Native Trails, Virtu USA, Baden Haus S.p.A, Silkroad Exclusive, Inc., American Woodmark Corporation, Strasser Woodenworks and Bertch Cabinet, LLC.
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