Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Bathroom Mirror Cabinets Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Bathroom
Mirror Cabinets Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Bathroom Mirror Cabinets Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Bathroom
Mirror Cabinets Market is offered. In
accordance with the report, the global Bathroom Mirror Cabinets Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
According
to the Collins English Dictionary, bathroom cabinets are defined as “a wall
mounted cabinet in a bathroom, typically with a mirror front and used for the
storage of medicines and toiletries”. These products are usually located above
the sink or toilets. Bathroom mirror cabinets plays the role of a bathroom
vanity which is mixed and matched with variants of bathroom décor.
Market Drivers
An
upsurge in construction activities that includes the construction of both
residential buildings and commercial buildings are primarily driving the need
for its subsidiary building products – bathroom mirror cabinets and fueling its
market.
Rising
population throughout the globe is generating the demand for residential
buildings. Further, rapid urbanization is leading to the transition to smaller
living spaces that calls for efficient storage equipment. In fact, the combined
effect of population growth and rapid urbanization is positive on the bathroom
mirror cabinets market.
The
favorable initiatives undertaken by the government indirectly is driving this
market. Firstly, the governments of various nations are lending their hands in
the development of residential buildings which is indirectly propelling the
bathroom cabinets market. Secondly, the governments of many nations are joining
hands with the engaged stakeholders to emit the risks undertaken in
construction activities which is bolstering this market.
The
growth and development of the real estate industry is augmenting the growth of
this market.
Economic
growth, soaring purchasing power and skyrocketing middle-class population
especially in the developing and underdeveloped regions are augmenting the
bathroom mirror cabinets market.
Now-a-days,
the population is inclined towards the establishment of a house which is
aesthetically pleasing and also a home to the residing family. The need for
room décor and home décor is empowering the growth of the bathroom mirror
cabinets market.
Market Restraints
The
bathroom mirror cabinets are of premium price which is impeding the development
of consumer base for this market.
Moreover,
bathroom mirror cabinets are subject to durability issues. These products are
often prone to rusting which is threatening the growth of this market.
Opportunities
The
existence of a single mode of selling that only includes offline mode of
selling is a very conservative way. With internet penetration and utilization
of smartphones, the sellers are inclining in the direction of selling products
online. The e-commerce techniques are gaining traction and is expected to
unfold new market options.
Further,
the development of customized, aesthetically pleasing products coupled with the
incorporation of lights, sensors, AI and advanced technology is likely to open
up new avenues for the bathroom mirror cabinets market.
Trends
Asia
Pacific dominates the market for bathroom mirror cabinets and is estimated to
continue its domination in the forecast period. The reason behind such
dominance in the constantly growing population, the rising standards of living,
an upsurge in the construction sector, and growing disposable income especially
in the emerging economies like India and China. North America ranks second in
the bathroom mirror cabinets market after Asia pacific and is expected to
register significant growth in the forecast period. Such progress can be
attributable to the rising population in this region that has attached much
importance to renovations and remodeling of existing housing structures.
Globally, the Bathroom mirror cabinets market is projected to grow at a CAGR of
5.6% in the forecast period.
Segment Covered:
This market
intelligence report on the global Bathroom Mirror Cabinets Market encompasses market segments based on material, type, sales
channel and country.
By Material
the global Bathroom Mirror Cabinets Market has been divided into:
q Polymer
q Steel
By Type the global Bathroom Mirror
Cabinets Market has been divided into:
q Multi-Door
q Single-Door
By Sales Channel the global Bathroom
Mirror Cabinets Market has been divided into:
q Online
q Offline
By country/region,
the global Bathroom Mirror Cabinets Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q West
Shore Home
q Roper
Rhodes Ltd
q Laufen
Bathrooms AG
q FAB
Glass and Mirror
q HiB
q Bellaterra
Home LLC
q Roca
q Duravit
q Emco
Group
q Geberit
AG
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Bathroom Mirror Cabinets Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
West Shore Home
In July 2020, an
announcement with regard to the completion of the acquisition of Quality
Advantage Home Products was made by West Shore Home.
Roper Rhodes Ltd
In April 2019,
Roper Rhodes Ltd released its biggest and newest brochure comprising the latest
range of bathroom furniture and fixtures including mirror cabinets.
Laufen Bathrooms AG
In August 2019,
Laufen celebrated a spectacular official premiering of the new collection named
‘The New Classic’. Patricia Urquiola and Konstantin Grcic added some notable
designs to the series.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Bathroom
Mirror Cabinets Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Bathroom Mirror Cabinets Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Bathroom Mirror Cabinets caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Bathroom
Mirror Cabinets Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Bathroom Mirror Cabinets Market
v
Identification
of key factors driving investment opportunities in the Bathroom
Mirror Cabinets Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants