Bathroom Mirror Cabinets Market

Global Bathroom Mirror Cabinets Market Size (2024 to 2029)

As per our analysis report, the global Bathroom Mirror Cabinets Market is expected to reach USD 976.09billion by 2029 from USD 746.13 billion in 2024, growing at a compound annual growth rate (CAGR) of 5.52% during the forecast timeline.

Global Bathroom Mirror Cabinets Market Drivers:

Increasing demand for good-looking bathroom aesthetics from people and a rising demand for space-spacing solutions are primarily propelling the bathroom mirror cabinets market. The focus of homeowners on aesthetics in bathrooms has considerably increased in recent years. A surge in the demand from homeowners for bathroom remodeling was seen in 2023 and this trend is expected to fuel in the coming years and favor the market growth. Changing lifestyles and increasing awareness among people regarding the technological innovations that can be integrated into bathrooms for a better living are driving the interest of people to adopt bathroom mirror cabinets.

Rapid urbanization, technological advancements, an increase in home improvement and renovation activities worldwide, a growing real-estate industry, rapid adoption of energy-efficient LED lighting, and growing awareness among people regarding multifunctional bathroom furniture are contributing to the growth of the global bathroom mirror cabinets market.

The growth in population as well as a rise in the middle-class population are primarily contributing to the growth of the global bathroom mirror cabinets market. The rapid growth in the popularity of concept washrooms, growth of the real estate industry, a rise in disposable income, new product innovations, and customized solutions according to specific requirements are boosting the growth of the global market. Increasing e-commerce users with an increase in penetration of mobiles is favoring the growth rate of the global market.

Global Bathroom Mirror Cabinets Market Restraints:

Strict regulations from the government authorities regarding bathroom mirror cabinets, and the low durability of the product due to the rusting of material are hampering the growth of the bathroom mirror cabinets market. The market participants have been facing challenges to provide a seamless experience for both the customer experience as well as internal processes, which is negatively impacting the global market growth.

Impact of COVID-19 on the global bathroom mirror cabinets market:

The COVID-19 pandemic disrupted the global economy in an unprecedented way. The bathroom mirror cabinets market has faced many difficulties with sustaining the market. Key players focused on implementing different techniques to gain profits. Due to lockdown restrictions everywhere across the world, the demand for the bathroom mirror cabinets market has slightly decreased. However, the market growth is expected to grow at a double rate and fall into the previous position by the end of 2021.  

REPORT COVERAGE:

This research report on the global bathroom mirror cabinets market has been segmented and sub-segmented based on material, type, sales channel, and region.

Global Bathroom Mirror Cabinets Market – By Material:

• Steel
• Polymer

Among these segments, the polymer material segment dominated the market in 2022, accounting for 59.2% of the global market share and the polymer segment is expected to grow at a CAGR of 11.22% during the forecast period. The polymer material is lightweight, rust-resistant, and easy to fabricate when compared with the other materials steel. It is also cheaper than steel. The affordability, versatility, and ease of installation are primarily driving the growth of the polymer segment in the global market.

The steel segment is projected to witness a prominent CAGR during the forecast period owing to the increasing demand for durability and modern design preferences. The robustness and resistance to moisture and corrosion of steel material are further fuelling the growth rate of the steel segment in the global market.

Global Bathroom Mirror Cabinets Market – By Type:

• Single Door
• Multi Door

Among these segments, the single-door type segment led the market and accounted for 59.7% of the global market share in 2022. The single-door segment is expected to hold dominance during the forecast period owing to the rising demand for space-saving solutions and minimalist design preferences.

The multi-door segment is anticipated to grow at a notable CAGR during the forecast period. Factors such as increasing awareness among consumers regarding the benefits of organized storage in bathrooms and growth in demand for customizable and modular multi-door cabinet solutions are propelling the growth of the multi-door segment in the global market.

Global Bathroom Mirror Cabinets Market – By Sales Channel: 

• Offline
• Online

Among these segments, the offline segment led the market and held a share of 71.8% of the global market in 2022 and the lead of the offline segment is anticipated to continue throughout the forecast period. The growing consumer preference for in-store experiences and product examination, immediate availability and personalized assistance are propelling the growth of the offline segment in the global market. The availability of in-store promotions and discounts that the offline segment offers are further boosting the growth rate of the segment in the global market.

The online segment is gradually growing and is estimated to register promising growth during the forecast period. Factors such as increasing preference for online shopping, the availability of customer reviews and ratings influencing online purchasing decisions, and accessibility to a wide range of products are driving the growth of the online segment in the worldwide market.

Global Bathroom Mirror Cabinets Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America 
• The Middle East and Africa 

Among these regions, the Asia Pacific region was the biggest regional segment in the global bathroom mirror cabinets in 2022 and is predicted to grow at the fastest CAGR of 28.5% of the worldwide market during the forecast period owing to the new product innovations, customized solutions according to the specific requirements, and significant growth in revenue due to the increasing population, especially in some countries like India, China, Japan, Indonesia, and Thailand. The growing trend of smart homes is another notable factor propelling the growth of the Asia-Pacific market. Furthermore, the increase in demand for bathroom mirror cabinets in emerging countries like India and China is helping the growth of the revenue rate in the Asia Pacific region.

The North American region captured the second-largest share of the global bathroom mirror cabinets market in 2022 and is expected to witness a healthy CAGR during the forecast period owing to the increase in popularity of concept washrooms in the United States, Mexico, and Canada. The growing home renovation activities and rising awareness among people regarding premium bathroom designs are further fuelling the growth rate of the North American market. The U.S. is predicted to play a dominating role in the North American market during the forecast period. The growing demand for smart features in mirror bathroom cabinets in the U.S. is driving the U.S. market growth. Canada is predicted to hold a notable share of the North American market during the forecast period owing to the rising trend of bathroom remodeling projects.

Europe accounted for a substantial share of the worldwide market in 2022 and is predicted to witness a noteworthy CAGR during the forecast period owing to the Increasing of e-commerce users with an increase in penetration of mobiles across the region. The popularity of multi-door cabinets with energy-efficient LED lighting is rising in Europe and resulting in increased demand, which is propelling the European market growth.

Latin America occupied a considerable share of the global market in 2022 and is projected to grow at a steady CAGR during the forecast period. In the urban areas of Latin America, a substantial demand for multi-door cabinets that have solid storage solutions has been seen in the recent past and this trend is likely to continue during the forecast period and propel the Latin American market growth. Brazil and Mexico have been playing a dominating role in the Latin American market.

Middle East and Africa are estimated to showcase moderate growth during the forecast period in the global market.

KEY MARKET PLAYERS:

Companies playing a notable role in the global bathroom mirror cabinets market include Duravit, Bellaterra Home LLC., HiB, Roper Rhodes Ltd., Roca, Geberit AG, Laufen Bathrooms AG, W. Schneider+Co AG, FAB Glass and Mirror and Emco Group.