Bathroom Furniture Market - By Type (Bath Vanity, Console Vanity, Vanity Tops, Bathroom Mirrors), By Material (Glass, Ceramic, Stone, Wood), By Application Residential, Commercial) & Global Forecast, 2023 - 2032

Bathroom Furniture Market Size

Bathroom Furniture Market size was worth more than USD 19 billion in 2022 and will expand at over 5.5% CAGR from 2023 to 2032.
 

Growing interest in interior décor and home modification will propel the demand for bathroom furniture over the forecast years. Recently, developed and developing economies have reported an increase in disposable income and a rise in urbanization, fueling spending on renovation activities. The growing inclination toward luxury lifestyles and aesthetic home décor is set to accelerate the demand for modern bathroom furniture.
 

Moreover, with an increasing focus on sustainability, consumers are preferring eco-friendly materials for their bathroom vanities. Earth-friendly materials such as porcelain, bamboo, steel, glass, concrete, and reclaimed wood are being extensively incorporated into bathroom décor not only for their aesthetic value but also for their environmental and economic appeal. They are used as recycled tile or flooring, making bathrooms more sustainable. Emerging trends such as sustainable flooring and smart bathroom will augment industry growth.
 

High volatility of raw material costs may have a negative impact on the bathroom furniture industry. Due to fluctuating economic, and political dynamics, unprecedented global crises, and supply chain challenges, furniture companies are struggling with the procurement of raw materials used in bathroom furniture, such as wood. Moreover, the scarcity of resources and poor spending capabilities across underdeveloped regions is limiting product demand.
 

COVID-19 Impact

The COVID-19 pandemic had a notable impact on the bathroom furniture market. While lockdowns encouraged home modification and renovation activities, supply chain constraints introduced novel challenges. As per the Forest Service of the USDA, during the initial year of the pandemic, costs of processed wood products including plywood, and softwood lumber quadrupled. For instance, the wholesale prices for plywood surged from USD 400 to USD 1500 per thousand square feet. The pandemic also caused a labor shortage across the forestry and forest products sectors, resulting in a scarcity of softwood plywood, softwood lumber, and other wood products.
 

Bathroom Furniture Market Trends

The demand for advanced, modern, and sustainable bathroom furniture is set to rise over the forthcoming period with the rising number of new residential construction activities across developed economies such as the U.S. The growing urban population across the U.S. and high disposable income indicate significant real estate demand in the country. With the growing rate of home ownership across high-income countries and increasing residential construction, the demand for bathroom furniture will increase notably.
 

Bathroom Furniture Market Analysis

Based on type, the bathroom furniture market is classified into bath vanity, bathroom mirrors, console vanity, vanity tops, and others. The bath vanity market was valued at USD 7 billion in 2022 owing to the growing consumer inclination toward waterproof bathroom vanity. These types of vanities offer a wide range of benefits, including prevention of moisture & mold growth, protection of material, and corrosion resistance. The high aesthetic appeal of wooden vanities in bathrooms is driving the need for waterproofing to prevent mold formation, corrosion, and concrete cancer.
 

In terms of application, the bathroom furniture market is bifurcated into residential, commercial, and others. Residential applications will grow at over 6.5% CAGR between 2023 and 2032. The expanding global population, rapid urbanization, high disposable income, and the growing number of residential construction activities across developed and developing economies, indicates high demand for bathroom furniture products.
 

Asia Pacific bathroom furniture market was worth over USD 7.5 billion in 2022. China will lead regional growth with rising spending on home decoration and remodeling. As per the Government Work Report 2021, throughout China, more than 55,000 old residential communities comprising over 9.6 million households were renovating their spaces, boosting the demand for furniture. China is deploying favorable initiatives to spur innovation and the supply chain of furniture. For instance, in 2022, the Ministry of Housing & Urban-Rural Development partnered with the Ministry of Industry & Information Technology to set 2050 targets including the development of smart home furnishing.
 

Bathroom Furniture Market Share

Some of the leading companies include:

• Al Meera
• Ballingslöv International AB
• Essel
• Boffi S.p.A
• American Woodmark Corporation
• Godrej Interio
• Golden Home Cabinets
• Haier Inc
• IKEA
• Lixil.
   

Bathroom Furniture Industry in News:

• December 2022: Essel announced the launch of a new range of bathroom vanities available in a wide range of colors for a comprehensive experience.
   
• January 2023: Boffi established a new 900-sqm store in Paris, France for the expansion of its business.
   

The Bathroom Furniture market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units and revenue in USD Million from 2018 to 2032 for the following segments:

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By Type

• Bath Vanity
• Console Vanity
• Vanity Tops
• Bathroom Mirrors
• Other

By Material

• Glass
• Ceramic
• Stone
• Wood

By Application

• Residential
• Commercial
• Others

 By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia