Bathroom Furniture Market Analysis

Bathroom Furniture Market Analysis

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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.