North America Bathroom Vanities Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Stone, Ceramic, Glass, Wood, and Metal) and Application (Residential and Commercial)
The bathroom vanities market in North America is expected to grow from US$ 12,211.88 million in 2021 to US$ 15,722.03 million by 2028. It is estimated to rise at a CAGR of 3.7% from 2021 to 2028.
The increasing rate of housing construction activities and their completion is one of the key driving factors behind the growth of the bathroom vanities market. The rise in the demand for building construction can be attributed to the increasing population of locals and migrants in the region. Also, the bathroom vanities market is flourishing due to the surge in renovations and remodeling activities of home interiors.
The rising disposable income and increasing inclination toward modern bathroom amenities, such as minimal bathroom accessories with larger space to keep towels, soap, apparel, and other necessary bathroom items, boost home interior renovation activities. Hence, the increase in renovation and remodeling activities is driving this regional market.
Furthermore, the rise in green building projects and the improvement in consumers’ purchasing power are accelerating the demand for bathroom vanities. The need for new houses is strongly affected by purchasing power of people in the region and the inclination toward smart and green buildings. People in developed countries prefer to construct or buy green buildings that efficiently use energy, water, and materials. Green buildings ensure good indoor air quality and minimize carbon footprints by using renewable energy sources.
With these new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the weather monitoring system market at a healthy CAGR during the forecast period.
North America Bathroom Vanities Market Revenue and Forecast to 2028 (US$ Million)
North America Bathroom Vanities Market Segmentation
North America Bathroom Vanities Market – By Material
Stone Ceramic Glass Wood Metal North America Bathroom Vanities Market – By Application
Residential Commercial North America Bathroom Vanities Market- By Country
USCanada Mexico North America Bathroom Vanities Market-Companies Mentioned
Avanity Corporation Bellaterra Home, LLCCaesarstone Dupont Plumbing Supplies Foremost Groups, Inc.Inter IKEA Systems B.V.Kohler Co.Master Brand Cabinets Inc.Roca Sanitario, S.A.Wilsonart LLC
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