According to a new report, published by KBV research, The Global Residential Bathroom Cabinets Market size is expected to reach $135.1 billion by 2031, rising at a market growth of 9.0% CAGR during the forecast period.
The residential bathroom cabinets market refers to the segment of the home furnishings industry that focuses specifically on the design, manufacturing, distribution, and sale of cabinets and storage solutions for residential bathrooms. This market encompasses many products, including vanity cabinets, wall-mounted cabinets, freestanding cabinets, medicine cabinets, linen towers, and storage shelves.
The Multi- Door segment is registering a CAGR of 8.8 % during the forecast period. Multi-door cabinets typically offer more storage space compared to single-door cabinets. With multiple compartments and shelves, homeowners have ample room to organize and store bathroom essentials such as toiletries, towels, cleaning supplies, and medications.
The Without Mirror segment led the Global Residential Bathroom Cabinets Market by Type in 2023; thereby, achieving a market value of $72.5 billion by 2031. Without-mirror cabinets allow homeowners more flexibility in customizing their bathroom decor. They can choose separate mirrors that match their style and the bathroom's overall design rather than being restricted to the mirror integrated with the cabinet. Also, there is a growing trend towards minimalist and contemporary bathroom designs.
The Wood segment is growing at a CAGR of 8.6 % during the forecast period. Wood provides a warm, natural aesthetic that appeals to many homeowners. Its classic beauty gives bathrooms a hint of sophistication and elegance while also fostering a warm, inviting atmosphere. In addition, wood is often associated with high quality and craftsmanship, which can enhance the perceived value of bathroom cabinets.
Full Report: https://www.kbvresearch.com/residential-bathroom-cabinets-market/
The Asia Pacific region dominated the Global Residential Bathroom Cabinets Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $49.1 billion by 2031. The North America region is anticipated to grow at a CAGR of 8.6% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 8.8% during (2024 - 2031).
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