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According to a new report, published by KBV research, The Global Bathroom Vanities Market size is expected to reach $14.3 billion by 2028, rising at a market growth of 5.5% CAGR during the forecast period.
The Online segment is showcasing a CAGR of 6.5% during (2022 - 2028). The major factor making these channels so popular with consumers is how practical they have grown to be. Consumers can buy the items they want from e-commerce websites within their budgets without losing the quality or brand of the products, which is projected to support segment growth throughout the forecasted period.
The Household & Residential segment acquired maximum revenue share in the Global Bathroom Vanities Market by Application in 2021 thereby, achieving a market value of $10.9 billion by 2028. Recent years have seen considerable design and technology advancements in this category. When selecting a home's interior, various people have varied requirements. Their choice is made easier for them by the availability of a large selection of bathroom vanities in various price ranges, sizes, designs, and constructions.
The Stone segment has shown the growth rate of 5.8% during (2022 - 2028). Stone will not be harmed by exposure to high temperatures because it is a natural heat sink. Natural stone cannot melt or burn, so using a flat iron or curling iron won't endanger the stone-based vanity. In addition, natural stone is not only heat- and water-resistant but also incredibly robust. The demand for bathroom vanities made of stone is increasing due to these advantages.
The Europe market dominated the Global Bathroom Vanities Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.9 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 6% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 5.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/bathroom-vanities-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
By Application
By Material
By Geography
Companies Profiled
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