Online Sales Channel is expected to Register Significant Growth in Bathroom Mirror Cabinets Market till 2027
Online
Sales Channel is expected to Register Significant Growth in Bathroom Mirror
Cabinets Market till 2027
According to TechSci Research report Bathroom Mirror Cabinets Market– Global
Industry Size, Share, Trends, Opportunity, and Forecast. 2017–2027", the bathroom
mirror cabinets market is expected to register robust growth
during the forecast period, 2022-2027. Most frequently used as a makeshift
medicine cabinet, a bathroom cabinet holds toiletries, hygiene items, and
occasionally even prescriptions. Typically, bathroom cabinets are positioned
over toilets, over sinks, or beneath sinks. Many mirror cabinets come with an
integrated lamp that illuminates the mirror and, in turn, the space
(particularly in tiny bathrooms). To enable the use of products such as an
electric shaver or hairdryer, bathroom cabinets frequently either include an
inbuilt electrical outlet or are situated next to one. Modern stores provide
bathroom cabinets with amenities such as Bluetooth music, mood lighting, and
anti-fog technology, demonstrating how much bathroom cabinets have grown
technologically.
The rising demand for concept bathrooms and the
burgeoning real estate sector are the two main factors driving the global
market for bathroom mirror cabinets. The market expansion has also been fuelled
by the rising demand for visually pleasing interior décor owing to changing
consumer lifestyle choices, rising disposable income, and fast urbanization.
For instance, the average expenditure on bathroom interior renovations in
the U.K. was 4,000 Euros in 2018. In the U.S., the average expenditure on
guest/other bathrooms was USD 3,500; for the master bedroom, it was USD 8,000
in the same year.
Home renovation initiatives are becoming more common
throughout nations, reshaping market expansion. Instead of purchasing new
homes, customers are increasingly choosing to engage in home repair or
improvement projects due to growing housing costs. The number of properties
with negative equity decreased as a result of the U.S. economy's steady growth
between mid-2009 and 2019, which was accompanied by growing property values and
low unemployment.
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.
Browse
over XX market data Figures spread through 110 Pages and an in-depth TOC
on "Global Bathroom Mirror
Cabinets Market"
The global bathroom mirror cabinets market is segmented into material, type, and sales channel. Based on
material, the market is segmented into steel and polymer. Based on type, the market is segmented
into single-door and multi-door. Based on sales channel, the market is segmented
into offline and online channels.
Based on type, the market is segmented into single-door
and multi-door. The single-door category made up around one-third of the market
in 2018 and is expected to expand at a very high CAGR throughout the forecast
period.
Based on sales channels, the market is divided into
offline channels and online channels. Online
sales channels are expected to witness significant growth during the forecast
period, since online sales have become more popular, and nowadays, customers
are more interested in purchasing things 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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