Industry Background:
The growing reconstruction and remodeling activities owing to change in consumer preferences is anticipated to spur the Global Bath Vanity Market. Moreover, the growing demand for functional bathrooms may promote the installation of specialized countertops which incorporate sinks. A bathroom vanity is defined as the blend of the bathroom basin or sink and the storage that encompasses it. Bathroom vanities are produced using diverse materials however they are resistant to moisture or water since bathrooms are mostly meant to be wet all the time. They can be exceptionally limited and sufficiently wide to hold the sink, or they can traverse the whole length of a bathroom wall. The size of the vanity relies upon the measure of the bathroom itself as it is essential that the vanity is in extent.
This growth is primarily driven by Increasing consumer preferences for a functional bathroom, Increasing disposable income coupled with rising remodeling and construction activities due to changing consumer preferences and Growing hygiene consciousness and increasing preferences for modern amenities in the bathroom like LED backlighting and plastic laminates..
Globally, a noticeable market trend is evident Increasing consumer preferences for premium bathroom features
. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as RSI Home Products Inc.(United States), Ronbow Corp. (United States), American Woodmark Corp. (United States), Master Brand Cabinets (United States), Masco Corp. (United States), Wilsonart International (United States), Water Creation (United States), Virtu USA (United States), Studio Bathe (Canada), Masco Cabinetry (India), Kohler Company (United States), JSG Oceana (United States), Foremost Groups (United States), Empire Industries Inc. (India), Bellaterra Home LLC (United States), Design House (United States), DuPont (United States), Foremost Groups. (United States) and DuraSupreme Cabinet (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
For the year 2018, Dura Supreme Cabinetry company launches new door style i.e. Carson, Meridien, Avory type doors, Carson is with a beveled inside edge profile ideal for transitional and soft contemporary styled interior design. It’s a sleek line offering an alternative to traditional shaker door. Meridien is a wide stile and rail cabinet door style with inside edge profile whereas Avory has modern/Transitional look with vertical detailing.
Market Drivers
- Increasing consumer preferences for a functional bathroom
- Increasing disposable income coupled with rising remodeling and construction activities due to changing consumer preferences
- Growing hygiene consciousness and increasing preferences for modern amenities in the bathroom like LED backlighting and plastic laminates.
Market Trend
- Increasing consumer preferences for premium bathroom features
- Rising number of wood products and finished goods.
Restraints
- Health concerns due to use of urea formaldehyde which is a resin used to bind the fibers may hamper the growth of the market.
Opportunities
Rising demand for eco-friendly materials such as recycled glass and engineered stone and smart living worldwide of consumers.
Challenges
High design cost of the amenities used in the bathroom and changing consumer preferences and demand for innovative bathroom features.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bath Vanity Study Sheds Light on
The Bath Vanity Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bath Vanity industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bath Vanity industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.