The global bathroom mirror cabinets market is expected to experience strong growth between 2022-2027, according to the TechSci Research report "Bathroom Mirror Cabinets Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017–2027". Bathroom cabinets are commonly used as makeshift medicine cabinets that store toiletries, hygiene items, and occasionally even prescriptions. They are typically positioned over or beneath sinks or toilets, and many come with an integrated lamp that illuminates the mirror and the space. Some cabinets also include an inbuilt electrical outlet or are situated next to one to allow for the use of electric shavers or hairdryers. Technological advancements such as Bluetooth music, mood lighting, and anti-fog technology have transformed the bathroom cabinet market.
The global market for bathroom mirror cabinets is being driven by the increasing demand for visually pleasing interior décor, changing consumer lifestyles, rising disposable income, and rapid urbanization, as well as the growing demand for concept bathrooms and the burgeoning real estate sector. For instance, in the U.K., the average expenditure on bathroom interior renovations was 4,000 Euros in 2018, while in the U.S., the average expenditure on guest/other bathrooms was USD 3,500, and for the master bedroom, it was USD 8,000 in the same year.
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The rising cost of housing is driving more people to engage in home repair or improvement projects instead of purchasing new homes, which is reshaping market expansion. Additionally, the steady growth of the U.S. economy between mid-2009 and 2019, which was accompanied by growing property values and low unemployment, resulted in a decrease in the number of properties with negative equity.
Worldwide customers' interest in bathroom vanity has increased significantly in the past few years. Owing to the rapid rise in house construction projects, the Home Improvement Research Institute (HIRI) predicted that Americans will spend USD 439.9 billion on home improvements in 2020, an increase of 8.7%. Additionally, homeowners are spending money on improvements that improve their quality of life rather than just basic upkeep. Owing to this, the market is expected to register a high CAGR during the forecast period.
Asia-Pacific has the largest market share and is expected to continue to dominate during the forecast period. Rising urbanization and population is the primary factor because Asia-Pacific is the leading market segment.
The bathroom mirror cabinets market worldwide is categorized into material, type, and sales channel. The material segment is divided into steel and polymer, while the type segment is classified into single-door and multi-door. The sales channel segment is categorized into offline and online channels.
Regarding the type category, the single-door segment accounted for approximately one-third of the market in 2018 and is projected to grow at a high CAGR throughout the forecast period.
As for the sales channels, the market is divided into offline and online channels. The online sales channel is anticipated to experience substantial growth during the forecast period, owing to the increasing popularity of online sales and customers' preference for purchasing items online.
A list of major market players in the global bathroom mirror cabinets market: -
- Bellaterra Home LLC
- Duravit AG
- Emco Bad GmbH
- FAB Glass and Mirrors
- Foshan Sin
- Hardware Products Co Ltd
- Geberit AG
- HiB Ltd.
- Laufen Bathrooms AG
- Roca Sanitario S.A
- Roper Rhodes Ltd.
- W. Schneider + Co AG
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" The growing awareness about sanitary and personal hygiene is one of the significant factors driving the market growth. Hence, with growing awareness about the importance of hygiene and space in bathroom, consumers are increasingly adopting the best, including grooming with additional light in mirrors are the major factors driving the market during the forecast period”, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Bathroom Mirror Cabinets Market–Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017-2027,Segmented By Material (Steel and Polymer), By Type (Single Door and Multi-door), By Sales Channel (Offline Channel and Online Channel), By Region has evaluated the future growth potential of the global bathroom mirror cabinets market and provides statistics & information on the market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers to make sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global bathroom mirror cabinets market.
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