North America Bathroom Vanities Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Offline and Online), By Application (Household & Residential and Commercial), By Material, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Bathroom Vanities Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Corner vanities are popular in the market because they easily fit into the bathroom's corner space. Moreover, corner vanities are typically selected as the ideal method to incorporate a sink or storage space in bathrooms with limited space. The most advantageous product on the market is a freestanding bathroom vanity, a kind of cabinet with a self-supporting frame that sits on the floor and is frequently fastened to the wall for added stability. The traditional style of the freestanding bathroom vanity makes the space look lovely.
The growing customer demand for a functioning bathroom, the rising awareness of hygiene, and the growing choice for modern facilities are the main factors anticipated to propel the growth of the bathroom vanities market in the forecast year. Another factor that is anticipated to drive the growth of the bathroom vanities market is the rising consumer demand for environmentally friendly products like recycled glass and engineered stone, as well as the rise in customer preferences for contemporary services like specialized countertops that include sinks. It is also predicted that increasing consumer awareness of recycled polyethylene materials and the demand for smarter living around the globe will temper market growth for bathroom vanities during the forecast period.
A key component of the American economy is international travel. Before the pandemic, in 2019, foreign visitors made $233.5 billion in purchases, bringing in almost $640 million daily to the American economy. The travel and tourism sector in the country has produced $1.9 trillion in economic output or 2.9% of the GDP. Additionally, the regional government promotes participation in sports activities across Ontario, Canada, supports the market's expansion, offers cultural experiences, and encourages economic development. Also, urbanization is steadily increasing due to improved economic conditions in North American countries like Mexico, Canada, and the US. This is expected to contribute to market expansion.
The US market dominated the North America Bathroom Vanities Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,102.6 Million by 2028. The Canada market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bathroom Vanities Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Household & Residential
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Bertch Cabinet, LLC
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