The Asia Pacific Bathroom Cabinets Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
These days people are more influenced to opt for smart bathroom fixtures and storage racks which have evolved as a crucial part of the household. During the past decade, the renovation and construction activities in the commercial as well as household sectors have grown. With the changing lifestyles of people, they choose to have modern bathroom products and accessories.
Further, the spendable income of the people across several nations has risen significantly, due to which they are more willing to spend on sanitization facilities and bathroom interiors. A large number of luxury hotels and hotels are largely investing in bathroom storage racks to offer premium services to consumers.
Cultural, historical, natural, and spiritual treasures are the reasons making India a perfect destination to visit. A large number of foreign as well as local tourists visit India to experience spiritual grandeur. Furthermore, links to historic locations, events, or people have played a crucial role in the development of various tourist destinations making spirituality and legacy the key reasons for traveling. Moreover, China’s tourism industry is also expanding and plays a significant role in the nation’s development.
The China market dominated the Asia Pacific Bathroom Cabinets Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,217.7 million by 2028. The Japan market is estimated to grow a CAGR of 6% during (2022 - 2028). Additionally, The India market would display a CAGR of 7.2% during (2022 - 2028).
Based on Type, the market is segmented into With Mirror and Without Mirror. Based on Product, the market is segmented into Single Door and Multi Door. Based on Application, the market is segmented into Residential and Commercial. Based on Material, the market is segmented into Wood, Metal 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 Cabinets Market is Projected to reach USD 97.5 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Geberit AG (Doughty Hanso), Roca Sanitario, SA (Roca Corporacion Empresarial, SA), Nilkamal Limited, Duravit AG, EMCO Limited, HiB, Ltd., Roper Rhodes Ltd (Svedbergs Group), Fab Glass and Mirror LLC, and W. Schneider+Co AG.
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