December 12, 2022 04:40 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

Valley Cottage, New York, UNITED STATES Illuminated Mirror

NEWARK, Del, Dec. 12, 2022 (GLOBE NEWSWIRE) -- The global bathroom cabinets market size is expected to reach US$ 64.12 Billion and is projected to grow at a CAGR of 8% over the forecast period. As the construction industry grows and social media trends evolve, the demand for bathroom cabinets will reach US$ 138.42 Billion by 2033.

Over the forecast period, high-quality bathroom vanities will be able to serve ever-increasing numbers of discerning consumers with their growing desire for elegant, stylish, modern, and fancy bathrooms. Market entrants can take advantage of the lack of rigid supply chains with direct-to-consumer sales.

Advances in technology have made bathroom wall cabinets more durable, and efficient, and have plenty of storage space, so the market demand for them is expected to increase. Bathroom mirror cabinets with LED lighting are gaining an increasing amount of popularity in recent years. The use of infrared devices to activate LED lights has made them more reliable since they can be remotely controlled. Furthermore, alloys that resist rust and LCD clocks have also gained a lot of popularity in recent years.

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Due to increasing trends among homeowners toward customized bathrooms that meet each individual's needs and preferences, homeowners are now looking for unique cabinet designs to accommodate their preferences. As governments invest in infrastructure projects, such as airports, railway stations, buildings, and shopping malls, market growth is also expected.

Residential renovations and remodeling’s, which are increasing throughout developed countries like Germany and the U.S., are expected to contribute significantly to growth in the coming years. As a result, consumers' attitudes toward different types of bathroom cabinets will change, and the market is expected to grow in the future.

Key Takeaways from the Market Study

“Ever-growing construction industry and demand for smart bathrooms, minimal furniture, and commercial bathroom designs are likely to drive bathroom cabinet demand in the future,” comments an analyst at FMI.

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Geberit AG, Sanitary Rock, SA, Nilkamal Limited, Duravit AG, Laufen Bathrooms AG, W.Scneider+Co AG, HiB, Emco Group, Roper Rhodes Ltd, FAB Glass.

Through strategic partnerships, manufacturers can increase production and meet consumer demand, boosting revenue and market share. Using new technologies and products for the purpose of producing natural wood cabinets that will benefit end users. Developing strategic partnerships can help companies expand their production capacities. For instance,

FMI, in its new offering, presents an unbiased analysis of the bathroom cabinets market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the bathroom cabinets market analysis report by Type (With Mirror, Without Mirror), by Material (Wood, Metal, Others), by Product (Single Door, Multi Door), by Application (Residential, Commercial) and by Region - Global Forecast 2023-2033

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Key Segments Covered in the Bathroom Cabinets Market Industry Survey

Bathroom Cabinets Market by Type:

Bathroom Cabinets Market by Material:

Bathroom Cabinets Market by Product:

Bathroom Cabinets Market by Application:

Bathroom Cabinets Market by Region:

FMIs Domain Knowledge in Consumer Goods

Our consumer goods consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the bathroom cabinets sector. Our expertise in recognizing the challenges and trends impacting the global bathroom cabinets industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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About Future Market Insights, Inc.

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