“Global Residential Bathroom Cabinets Market to reach a market value of USD 135.1 Billion by 2031 growing at a CAGR of 9.0%”
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.
North America has a strong homeownership culture, with a sizable percentage of the population being homeowners. Homeowners often invest in home improvement projects to enhance the value and functionality of their properties, including upgrading bathrooms with modern amenities like cabinets. Consequently, the North American region would acquire nearly 30% of the total market share by 2031.
As homeowners seek to modernize and upgrade their living spaces, bathroom renovations have become increasingly common. In addition, many older homes feature outdated or inefficient bathroom cabinets that may lack adequate storage space or fail to utilize available space effectively. During renovations, homeowners often prioritize enhancing the functionality of their bathrooms by installing cabinets with features such as adjustable shelves, deep drawers, and innovative organizational systems. Hence, increasing home renovation activities is driving the growth of the market. Additionally, Homeowners increasingly view the bathroom as a space for relaxation and rejuvenation rather than just a functional area. As a result, there is a heightened emphasis on creating aesthetically pleasing bathroom environments. Stylish bathroom cabinets can serve as focal points in the room, contributing to a sense of luxury and sophistication. Therefore, a growing focus on aesthetic appeal and functionality propels the market's growth.
However, renovating a bathroom, including purchasing new cabinets, can be costly for homeowners. The high upfront cost of renovation projects may deter some individuals from undertaking such projects, especially if they have limited financial resources or competing financial priorities. Moreover, high renovation costs may prompt homeowners to explore alternative, more cost-effective solutions to updating their bathrooms. Hence, the high renovation cost is hampering the market's growth.
Based on product, the market is categorized into single-door and multi-door. The single-door segment witnessed a 40% revenue share in the market in 2023. Single-door cabinets offer a minimalist and streamlined aesthetic that appeals to homeowners seeking a clean, uncluttered bathroom look.
Based on type, the market is divided into with mirror and without mirror. The with mirror segment attained 45% revenue share in the market in 2023. Mirror cabinets contribute to a sleek, streamlined look in the bathroom, providing both practical storage and a reflective surface for daily grooming tasks. They can enhance the bathroom's overall aesthetic, making it look more modern and polished.
On the basis of material, the market is segmented into wood, metal, and others. In 2023, the metal segment attained 26.2% revenue share in the market. Metal cabinets, especially those composed of stainless steel or aluminum, are very strong and resilient to rust, moisture, and temperature changes. This durability ensures that the cabinets maintain functionality and appearance over time, even in a humid bathroom.
Free Valuable Insights: Global Residential Bathroom Cabinets Market size to reach USD 135.1 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed a 35% revenue share in the market in 2023. Economic development in countries across the Asia Pacific region has led to a boom in the real estate sector. New residential construction projects, including apartments, condominiums, and housing complexes, often include bathrooms equipped with cabinets to enhance their appeal to potential buyers.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 68.5 Billion |
| Market size forecast in 2031 | USD 135.1 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 9.0% from 2024 to 2031 |
| Number of Pages | 197 |
| Number of Tables | 330 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Type, Material, Region |
| Country scope |
|
| Companies Included | Duravit AG, Nilkamal Limited, Geberit AG, Roca Sanitario, SA (Roca Corporacion Empresarial, SA), HiB Ltd., Roper Rhodes Ltd. (Svedbergs Group AB), Greentouch Home LLC, Fab Glass and Mirror LLC, Toto Ltd. and Villeroy & Boch AG |
By Product
By Type
By Material
By Geography
This Market size is expected to reach $135.1 billion by 2031.
Increasing home renovation activities are driving the Market in coming years, however, High cost of renovation restraints the growth of the Market.
Duravit AG, Nilkamal Limited, Geberit AG, Roca Sanitario, SA (Roca Corporacion Empresarial, SA), HiB Ltd., Roper Rhodes Ltd. (Svedbergs Group AB), Greentouch Home LLC, Fab Glass and Mirror LLC, Toto Ltd. and Villeroy & Boch AG
The expected CAGR of this Market is 9.0% from 2023 to 2031.
The Without Mirror segment led the Market by Type in 2023; thereby, achieving a market value of $72.5 billion by 2031.
The Asia Pacific region dominated the 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.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 