Bathroom Worktops Market Forecast and CAGR
According to the latest research by Future Market Insights, the bathroom worktops market is set to witness steady growth with a CAGR of ~5% during the forecast period. The appeal of the home and bathroom décor among the general public is driving up the market for bathroom vanities.
Also, the usage of worktops in bathrooms is on the rise since they add beauty to space and the materials used in these worktops are water-resistant, preventing the spread of fungus and bacteria near the bathroom vanity and ensuring good hygiene.
What is Driving Demand for Bathroom Worktops?
Evolving end-user inclination towards eco-friendly products has raised the demand for creative decoration products made with various sustainable raw materials which do not contribute towards the epidemic such as deforestation. And that is why the rubberwood bathroom worktops are in trend. Rubberwood worktops are made from the waste part of the Hevea Brasilienesis rubber tree.
This rubberwood is an ideal material for worktops in the bathroom as it is resistant to mold, fungi and moisture.
The surface of the rubberwood worktop is smooth which gives classic look to the bathroom. This material gives a natural appearance to a worktop in a yellowish-brown or pale cream colour. Also, this is economical in terms of price. Therefore, this raises the demand for natural bathroom vanity.
Furthermore, many conservationists use bathroom worktops made with recycled materials to decorate the bathroom without affecting the environment. For instance, many pro players like IceStone and Vetrazzo. Made worktops with recycled glass, bright chunks of glass, cement and other eco-friendly materials. This encourages other players to make bathroom vanity with natural and eco-friendly materials and generate more revenue.
Factors that Likely to Augment Bathroom Worktops Sales
The increasing demand for multifunctional bathrooms is expected to promote the increase in the sales of bathroom worktops made up of plywood, quartz, marble and granite. The worktop made up of marble is an evergreen material used in the bathroom which gives elegant look to the bathroom.
Majority of the people all around the globe prefer this marble material for a worktop in the bathroom.
Since quartz and graphite are durable and have good tensile strength, therefore, the demand for worktops made with quartz and graphite is also more in the market. Bathroom worktops made with these materials is available in different color shades which gives options to the customers to choose worktops according to their needs. Also, it is easy to install worktops made up of quartz in tight spaces like the bathroom as compared to others.
Furthermore, many people prefer plywood for a worktop in the bathroom because this plywood does not move with the moisture, temperature change and humidity as solid wood moves. Also, this plywood is more stable in the long run. These are some factors that fuel the sale of bathroom vanity on a material basis.
Impact of COVID - 19 on Bathroom Worktops Market
The pandemic had a significant impact on the construction and renovation sector, which is sensitive to the economic cycle. During the first wave of COVID-19, the government of many countries announced the complete lockdown that paused the construction work that affects the market of the bathroom countertop.
Furthermore, during the second wave, people were allowed to do construction but with a limited workforce.
This factor slowly brings the market on track. Also, the restriction of import and export activates with other countries affects the supply of the worktop.
The US and Canada Bathroom Worktops Market Outlook
The growing rate of house completion in the United States and Canada are expected to drive the market during the forecast period. Because in the new houses people prefer the best type of worktop in their bathroom, which open up an opportunity in front of players to expand their penetration in the US and Canada.
Furthermore, the raised in the expenditure on the retrofitting and remodelling of the existing washroom in the developed economy fuels the demand for bathroom worktops in the US and Canada. People who just want to renovate their house prefer a bathroom countertop, which gives beautiful look to their old bathroom at minimum cost.
Moreover, the growing purchasing power of the customers and the promotional strategies adopted by the players encourage customers to buy worktops from their brand. This bolsters the market growth of the bathroom countertop in the US and Canada.
Europe Demand Outlook for Bathroom Worktops
The demand for the washroom worktop is continuously growing in the European countries as the possessions of the houses is increasing in the region because of the high urbanization rate and growing population.
Furthermore, the availability of durable, aesthetic and advanced worktops has triggered the market of bathroom worktops in Europe. Also, the growing interest of the people towards the laminate countertops, ceramic, porcelain, or glass tiles for the worktop in the bathroom provide a good opportunity to the players to invest in the regional market.
Who are the Key Manufacturers and Suppliers of Bathroom Worktops?
Some of the leading manufacturers and suppliers of bathroom vanity tops include
- Howden Joinery Ltd
- Tom Howley
- Wren Kitchens Limited
- HARVEY JONES
- IKEA Systems, Sheridan Ltd.
- B.V. Smallbone
- Symphony Group
- Mark Wilkinson
- Ashley Ann Ltd.
- The Diller Corporation
- Stone of London Ltd
- INFINITE Solid Surfaces
- Houzz Inc.
- Whitehall fabrication Ltd., and many others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By Material Type:
- Solid Wood
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa