The global bathroom vanities products market was valued at USD 10.5 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. The market is driven by the rising renovation and remodeling activities in residential, commercial, and hospitality sectors. Furthermore, the increasing trend of including innovative and attractive designs of bathroom vanities and accessories to enhance the aesthetics of the bathroom is further propelling the market growth.

In recent years, manufacturers are introducing innovative products in the market to cater to the changing consumer preferences. For instance, in April 2021, American Standard, one of the leading brands of bathroom fixtures, launched a new line of bathroom vanities that are designed to be compact and stylish. The new range of bathroom vanities is designed to fit into small spaces while still offering ample storage. Furthermore, the company has also expanded its portfolio of bathroom vanity accessories, such as vanity mirrors, towel rails, and lighting fixtures, to offer customers more options when remodeling their bathrooms.

Moreover, the increasing trend of the smart home concept is expected to positively impact the demand for bathroom vanities products. Smart homes are equipped with bathroom vanities that are connected to the internet, allowing users to control the temperature and lighting of their bathrooms remotely. Key players are introducing bathroom vanities with voice-activated features for providing a more personalized experience to the customers. For instance, in October 2021, Kohler launched a voice-activated toilet with a Numi 2.0 intelligent toilet, which has features such as adjustable water temperature, lighting, and heated seat.

The demand for bathroom vanities is also expected to increase due to the growing popularity of luxury bathroom vanities in the residential sector. In recent years, the demand for luxury vanities has grown significantly, as homeowners are looking for more innovative and aesthetically pleasing designs. Furthermore, luxury bathroom vanities are often accompanied by vanity mirrors, towel rails, and lighting fixtures, which are customized to match the design of the vanity.

Furthermore, the growing trend of DIY (Do-It-Yourself) projects is expected to provide numerous opportunities for the market. DIY projects are becoming increasingly popular among homeowners, as they allow them to save costs to a certain extent by purchasing and installing bathroom vanities on their own. Consumers are also increasingly opting for customized vanities to fit their space, which is further propelling the demand for bathroom vanities products.

The single sink bathroom vanities segment led the market and accounted for around 45.7% share of the overall market in 2022. Single sink bathroom vanities are designed to fit into a standard bathroom and are ideal for use in smaller bathrooms. They are available in different sizes and shapes, ranging from compact to large. Rising demand for compact and storage-friendly products, increasing number of residential projects, and rising awareness regarding bathroom designs and amenities are some of the major factors expected to drive the growth of this segment over the forecast period.

The double sink bathroom vanities segment is anticipated to expand at the fastest CAGR of 8.9% over the forecast period. This segment is gaining traction due to its ability to provide adequate space for two people to use the bathroom simultaneously. In addition, the growing trend of luxurious bathroom designs and amenities is driving the demand for double sink bathroom vanities. Moreover, increasing awareness regarding the importance of aesthetic appeal of the bathroom is also fueling the demand for double sink bathroom vanities.

Distribution of bathroom vanities products majorly includes superstores, furniture stores, and online stores. Superstores and furniture stores accounted for a major share of the market in 2020. The growth of the segment is mainly driven by the presence of physical stores, which allow customers to directly experience the product. Superstores offer a wide range of products and provide customers with the convenience of selecting their desired product. Furniture stores provide a wide range of bathroom vanities with different designs and finishes, which attract customers to purchase the product.

Online stores are anticipated to expand at the highest CAGR of 11.2% over the forecast period. The increasing penetration of the internet and the growing preference for online shopping has driven the growth of the online segment. Companies are launching their own websites and mobile applications to promote their products. For instance, in June 2021, Vanity Art launched its online store to provide customers with a wide range of bathroom vanities and other related products. In addition, online stores also offer discounts and free shipping, which has helped them to gain more market share.

The single-sink vanities segment accounted for the largest revenue share of 41.7% in the year 2022. The increasing trend of small bathrooms coupled with the growing demand for single-sink vanities has fueled the growth of this segment. Single-sink vanities are suitable for small bathrooms as they provide a space efficient design and require less installation cost. Moreover, the increasing trend of smart and adjustable vanities has led to the development of single-sink vanities with adjustable heights and widths, which is expected to drive the growth of the segment.

The double-sink vanities segment is anticipated to expand at the highest CAGR of 11.8% over the forecast period. The growing trend of bathroom remodeling, especially in developed countries, is expected to fuel the growth of the segment. The availability of vanities in different sizes, designs and materials has increased the demand for double-sink vanities. Additionally, the increasing trend of smart and adjustable vanities has led to the development of double-sink vanities with adjustable heights and widths, which is expected to drive the growth of the segment.

North America held the largest market share in 2022 and is expected to grow at a CAGR of over 6.0% during the forecast period. Factors such as rising consumer preference for luxury products, increasing demand for smart bathroom vanities, and growing home renovation activities are expected to drive the growth of the North America market. Moreover, the presence of prominent players and the introduction of innovative products in the region are further expected to propel the growth of this region. For instance, in March 2021, American Standard released its new series of bathroom vanities featuring an innovative pop-up shelf for extra storage space.

The Asia Pacific region is anticipated to witness the fastest growth in the upcoming years. This is attributed to the rapid urbanization, rising disposable incomes of people, and the presence of emerging local players in countries such as India and China offering customized products at low prices. Additionally, the increasing number of home renovation activities and the rising demand for high-end products are expected to fuel the market growth in the region.

In this part of the bathroom vanities products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a bathroom vanities products business comes from sales of products, advertising, and other services such as installation and design. Here you will find a list with a description of each of them and other possible sources of profit such as discounts and promotions.

Projecting Expenses

In this section, all the regular expenses related to keeping the bathroom vanities products business running will be described. The list of operating expenses includes rent, wages, utilities, insurance policies, advertising, product inventory, and others.

Some of the key companies operating in the bathroom vanities market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In February 2022, Kohler Co. launched a new series of vanities designed for small bathrooms.

– In May 2022, American Standard launched the Studio S collection of vanities, featuring a modern design and a range of sizes and finishes.

– In July 2022, Moen Inc. launched the Delaney collection of vanities, offering a variety of contemporary designs.

Some of the prominent players in the bathroom vanities market include:

– Kohler Co.
– American Standard
– Moen Inc.
– Delta Faucet Company
– Pfister
– Hansgrohe
– Roca Sanitario
– Decolav, Inc.
– Ronbow Corporation
– TOTO Ltd.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global bathroom vanities products market based on product, type, distribution channel, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Single Sink
– Double Sink
– Wall-Mounted
– Pedestal
– Others

2. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Traditional
– Modern
– Transitional
– Contemporary
– Others

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Offline
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is driving the bathroom vanity market?
[A]: The bathroom vanity market is being driven by the increasing demand for luxurious and stylish products in residential spaces, the growing trend of smart bathrooms, and the rising popularity of vanity cabinets in commercial spaces. Furthermore, increasing consumer spending on home renovation and remodeling is also fueling the growth of the market.

[Q]: What are the Key Players in the Bathroom Vanities Market?
[A]: Key players in the bathroom vanities market include The Home Depot, Inc., RAK Ceramics, Kohler Co., KEUCO GmbH & Co. KG, Duravit AG, American Standard Brands, and Grohe AG, among others.

[Q]: What is the Potential for Product Innovation?
[A]: Product innovation is a key factor driving the growth of the market. Companies are increasingly introducing products with features such as motion-activated lighting, temperature control, and touch-free operation. Additionally, companies are offering vanity cabinets with improved materials, such as aluminum and high-grade plastic, and with several color options.

[Q]: What is the Global Outlook for the Bathroom Vanities Market?
[A]: The global bathroom vanities market is projected to witness significant growth over the forecast period. The market is expected to be driven by the increasing demand for personalized and luxury products, the growing popularity of smart bathrooms, and the rising demand for space-saving vanities. Additionally, the increasing number of commercial spaces is also expected to contribute to the growth of the market.

[Q]: Which Region is Expected to be the Largest Market?
[A]: Asia Pacific is expected to be the largest market for bathroom vanities and is expected to grow at the highest CAGR. The region is witnessing substantial growth due to the increasing construction activities, rising disposable incomes, and the growing popularity of smart bathrooms. Additionally, the increasing number of commercial spaces is also expected to contribute to the growth of the market in the region.