Mirrored Bathroom Cabinet Wall Market by Product Type (Silver, Aluminium) by Application (Commercial building, Residential building) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2019-2027 2023-2029
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Global Mirrored Bathroom Cabinet Wall Market is estimated to reach USD 592.29 million by 2027, growing at a CAGR of 4.1 % between 2019 and 2027
A toilet cabinet (or medication cabinet) may be a cabinet in an exceedingly bathroom. it's usually placed on top of a sink or bathroom and is formed to carry hygiene products, toiletries, and medications. In the market there exists a wide range of mirrored bathroom wall cabinets that would be best suited to a large number of bathrooms, small or big, and modern or traditional. Every washroom requires at least one mirror and every washroom needs to store a lot of things. This cabinet can save your money and space by doing two jobs – that of a mirror and of a cupboard. We have a lot of variety to choose from and options with open shelves. Mirrored bathroom wall cabinet is an easy way to save space in your bathroom while it is also providing all the storage of an ordinary cabinet.
Growing trend of multi-utility home decor units and bathroom utilities is expected to be a major factor influencing the market growth. Increasing demand for more functional bathrooms may boost the installation of specialized countertops that incorporate sinks. In the recent past, there has been a favorable rise in bathroom remodeling expenditure across the globe due to rapid inflow of evolved designs in bathroom fitments and fixtures. These expenditures are expected to outpace other housing improvement expenditures over the forecast period. The trend is also expected to emerge as a key driving factor in the market over the forecast period. The mirrored bathroom wall cabinet market is expected to grow due to increase in housing development projects that demand high end household facilities; especially, in the developing countries like India and China, due to rising real estate market.
The major key players in this region are: Pelipel, KEUCO, Salgar, Duravit, Antado, Decotec, artbathe, Agape, BMF Bad, Framo, Kallista, karol, Kenny&mason, RI.FRA MOBILI, ROYO GROUP, and Windsor Bathroom Company. Introduction of attractive designs and continuous updates in styling, coupled with the use of unhazardous materials, are the key factors increasing the competition in the market. Companies also resort to mergers and acquisitions as a way of diversifying their product portfolio and gaining a larger market share.
Based on application, mirrored bathroom wall cabinet market is segmented into residential commercial. The residential segment contributes for the largest share of the mirrored bathroom wall cabinet market. The high demand for mirrored bathroom wall cabinets in residential application has increased extensively over the past few years due to increase in new house constructions and renovation of old properties. The residential segment accounted for the largest share in the market in 2018 and is expected to retain its position owing to high demand amid rapidly increasing urbanization. There is an surge in demand for cabinets with value-added amenities such as medical chests, space savers, and frameless wall-mounted vanities providing attractive and secure storage options as compared to free-standing or open shelves.
On the basis of geographical analysis Global mirrored bathroom wall cabinet is divided into several regions including India, China, Japan, Europe, North America, and South-east Asia. Asia Pacific led the market and accounted for than 30% share of the total revenue in 2018. Increasing population and improved standard of living have spurred the growth prospects of the construction sector in the region in the past few years. increasing disposable income has boosted the overall retail market in the Asia Pacific region. Changing lifestyles and rapid trend shifts owing to urbanization across emerging countries such as China and India are projected to boost the regional market growth over the forecast period. North America accounted for around quarter of the overall revenue in 2018. The growth is attributed to rise in housing completion rates in the region, which is likely to remain a key driving factor in the market over the forecast period. The huge amounts spent on remodeling of existing bathrooms in the region are also expected to increase the demand for Mirrored Bathroom Cabinet wall over the forecast period.
Global Mirrored Bathroom Cabinet Wall Market: Product Type
Global Mirrored Bathroom Cabinet Wall Market: Application
Global Mirrored Bathroom Cabinet Wall Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Mirrored Bathroom Cabinet Wall Market :
Geographical analysis of Global Mirrored Bathroom Cabinet Wall Market :
Global Mirrored Bathroom Cabinet Wall Market Report delivers comprehensive analysis of :
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Base Year Value (2022) | USD 465.4 million |
Forecast Value (2029) | USD 616.5687163 million |
CAGR (2022 to 2028) | 4.1 % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Mirrored Bathroom Cabinet Wall Market was valued at around USD 465.4 million in 2022 & estimated to reach USD 616.5687163 million by 2029.
Mirrored Bathroom Cabinet Wall Market is likely to grow at compounded annual growth rate (CAGR) of 4.1% between 2023 to 2029.
Yes, the report includes COVID 19 impact on the market.
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