The key factors that drive the growth of the bathroom cabinet market include growth of the real estate industry, increased in disposable income, and continuous product innovation. Moreover, customized solutions according to specific requirements and designs have created new opportunities for the growth of the bathroom mirror cabinets market. However, factor such as low durability of product due to rusting of material is expected to impede the market growth. Furthermore, novel innovations in aesthetics and introduction of sensors in bathroom mirror cabinets have gained huge traction in the recent years, which in turn are anticipated to create lucrative opportunities for the market expansion in the coming future.
The global bathroom mirror cabinets market is segmented on the basis of material, type, sales channel, and region. Depending on material, the market is bifurcated into steel and polymer. Based on type, it is studied across single door and multi-door. On the basis of sales channel, the global market is segmented into offline channel and online channel. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
Some of the key players operating in the bathroom mirror cabinets market analysis include Roca, Geberit AG, Laufen Bathrooms AG, Duravit, Bellaterra Home LLC., HiB, Roper Rhodes Ltd, W. Schneider+Co AG, FAB Glass and Mirror, and Emco group.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global bathroom mirror cabinets market.
- It provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Bathroom mirror cabinets Segments
By Material
- Steel
- Polymer
By Type
- Single Door
- Multi-door
By Sales Channel
- Offline Channel
- Online Channel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Roca
- Geberit AG
- Laufen Bathrooms AG
- Duravit
- Bellaterra Home LLC.
- HiB
- Roper Rhodes Ltd
- W. Schneider+Co AG
- FAB Glass and Mirror
- Emco group
Table of Contents
Executive Summary
According to this report titled, 'Bathroom Mirror Cabinets Market by Material Type and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global bathroom mirror cabinets market size was valued at $649.3 million in 2018, and is projected to reach $995.9 million by 2026, registering a CAGR of 5.6% from 2019 to 2026.Driven by modernization and technology, the global bathroom vanity industry is at the cusp of expansion. The global market is disrupted throughout the value chain from sourcing to manufacturing, procurement, transportation, distribution, warehousing & inventory, advertising & marketing, and after sales services, which are all evolving, not just in bathroom mirror cabinet but throughout the broader bathroom vanity market.
Given the strong growth outlook in emerging countries, the global bathroom mirror cabinets market is expected to witness redefining trend in the bathroom vanity markets. LED illuminated bathroom cabinets are gaining high traction amongst luxury segment. Infra-red sensors are being used to activate Led lighting making them more reliable. Furthermore, LCD clock along with anti-rust alloys are gaining high traction. In addition, demister pads are now being actively used to rapidly heat and effectively demist mirror surface.
Globally, consumer’s interest toward bathroom vanity has increased significantly in the recent past. According to the data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, during 2009-2011, homeowners in the U.S. spent nearly $3,200 on their home replenishments. If statistics are anything to go by, consumers in the U.S. and around the world are now focusing on home enhancements. In emerging economies such as India and China, real estate industry has grown at a significant rate. Consumers in such countries have exhibited their interest in spending on bathroom products, such as cabinets, sanitary ware, and bathroom accessories thus creating lucrative bathroom mirror cabinets market opportunities for the engaged stakeholders.
The global bathroom mirror cabinets market is segmented on the basis of material, type, sales channel, and region. Depending on material, the market is bifurcated into steel and polymer. Based on type, it is studied across single door and multi door. On the basis of sales channel, the global market is segmented into offline channel and online channel. Region wise, the global bathroom mirror cabinets industry is studied across North America, Europe, Asia-Pacific, and LAMEA
Key Findings of the Study:
Asia-Pacific accounted for the highest market share and is expected to retain its dominance during the forecast period.
The polymer segment was the highest contributor to the global bathroom mirror cabinets market, with $446.3 million in 2018, and is estimated to reach $705.7 million by 2026, at a CAGR of 5.0% during the forecast period.
In 2018, based on sales channel, the offline segment accounted for around 89% of the global bathroom mirror cabinets market share in 2018, and is expected to grow at the CAGR of 5.4%. However, this segment is expected to lose market share to online channel.
The online sales channel is expected to witness significant growth rates at a CAGR of 7.4%, respectively.
The single door segment accounted for around three-forth market share in 2018 and is poised to grow at a significant CAGR of 5.3% during the forecast period.
In 2018, based on region, LAMEA is anticipated to grow with robust CAGR of 5.9% during the forecast period.
Some of the key players in the bathroom mirror cabinets market analysis include Roca, Geberit AG, Laufen Bathrooms AG, Duravit, Bellaterra Home LLC., HiB, Roper Rhodes Ltd, W. Schneider+Co AG, FAB Glass and Mirror, and Emco group.
Companies Mentioned
- Roca
- Geberit AG
- Laufen Bathrooms AG
- Duravit
- Bellaterra Home LLC.
- HiB
- Roper Rhodes Ltd
- W. Schneider+Co AG
- FAB Glass, Mirror
- Emco group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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