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Increasing consumer preference for functional bathroom is creating a positive impact on the market for bathroom vanities. Growing remodeling activities owing to rising consumer interest towards modern bathroom amenities are driving the bathroom vanities market globally. Rising hygiene consciousness and growing preference for modern amenities is also one of the major factors driving the bathroom vanities market. The market has been segmented by material type into glass, ceramic, wood, stone, metal among others. Furthermore, the market is also segmented by application into, residential and non-residential. 

Rising consumer demand for eco friendly materials such as recycled glass and engineered stone is contributing to the growth of advanced bathroom vanities market globally. Growing consumer preferences for modern facilities such as specialized countertops which incorporate sinks is stimulating the demand for bathroom vanities. Currently, consumers are showing preferences for modern features such as glass with LED backlighting and high pressure plastic laminates. Furthermore, consumer awareness regarding recycled polyethylene materials is also contributing to the growth of global bathroom vanities market. 

The global bathroom vanities market witnessed significant growth in recent years due to changing consumer lifestyle. Rising hygiene consciousness is also expected to stimulate the demand for bathroom vanities globally. Consumer demand for high quality bathroom features are expected to push the global bathroom vanities market over the forecast period. Manufactures are introducing new functional bathroom features focusing on the consumer demand for modern amenities. 

Rising consumer demand for advance features alongside growing consumer hygiene consciousness is driving the market for bathroom vanities. In addition, changing lifestyle is fueling the usage of functional bathroom features, which in turn is creating a positive impact on the market for bathroom vanities. Furthermore, increasing demand for smart living worldwide is also expected to boost the bathroom vanities market. Moreover, rising demand for eco friendly materials are creating a positive impact on the bathroom vanities market. 

Residential application segment dominated the global bathroom vanities market in 2014 followed by non-residential segment. Growing number of new housing alongside spur in a number of reconstruction is driving the residential application segment in bathroom vanities market. Furthermore, non-residential application segment is expected to witness a positive growth over the forecast period owing to increasing usage of functional bathroom amenities in offices, schools and shops. 

Asia Pacific dominated the global bathroom vanities market in 2014 and accounted over 30% of the total market share. Rising healthcare issues and hygiene consciousness is driving the market for bathroom vanities across Asia Pacific. Rising disposable income coupled with growing consumer preference for hygienic lifestyle is expected to contribute in the growing popularity of modern bathroom vanities in China. With the rising consumer preference for premium bathroom features are driving the market for bathroom vanities in North America. 

Some of the major players of bathroom vanities market invest in research and development for better product quality and cost effective solutions for bathroom. Some of the key players operating in the bathroom vanities market are RSI Home Products, Inc., Ronbow Corporation, American Woodmark Corporation, MasterBrand Cabinets, Masco Corporation and others. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Bathroom Vanities Market