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Bathroom Mirror Cabinets Market: Segmented: by Commercial Type (Repair & Reconstruction and New Commercial); By Distribution Channel (Online and Offline); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Bathroom Mirror Cabinets market to surpass USD 1200.6 Million by 2030, which is valued at 668.4 Million in 2019 at a compound annual growth rate of 5.50%
A mirror cabinet implies a cabinet with a mirror front generally fixed under sinks. They are used for the storage of medicinal drugs, hygiene products, and toiletries. As a result, the consumption has been growing for both closed and mirrored douche glass cabinets. Customers can have a much wider range of high quality, high-concept glass door designs, and the finest custom design in the business. Digital assistance to business end-users and consumers in the selection process will be built across the entire portfolio, which will improve the already powerful customer services division of the organization, with improved specification knowledge and exquisite visualization programs. With the emergence of technology, glass cabinets have become more advanced offering the end-user an enhanced experience like Bluetooth connectivity, an inbuilt smart system, and speakers. It provides the end-user with a better visualization experience with the use of ambient light and solves the major problem of fog with anti-fogging technology.
Due to growing urbanization, which generates a demand for glass cabinets, the global market for glass cabinets has flourished. As a result, the demand has expanded for both types of bathroom cabinets – frameless and framed. Growing innovation in infrastructure and initiatives related to infrastructure growth was taken by the governments of different countries. Growing investment in the immobilization sector boosts demand for accessories for cabinets and the rest of the architecture.
Customers now prefer online shopping more conveniently than ever before; E-commerce has gained broad acceptance. The increase in smartphone penetration would lead to an exponential rise in the online industry, as consumers switch to cell phones, laptops,s or related computers when they purchase goods. A single channel strategy is no longer enough, so leading players in the industry have set up online networks. However, the offline segment also gained traction in recent years because of the easy availability of specialty stores that provides exclusive coverage of a variety of products, and the growing consumer preference for in-person purchase fuel the segment growth. Moreover, damage to glass products while transporting in an online segment create more demand for offline purchase.
The Global Bathroom Mirror Cabinets market is segmented by Commercial type: Repair & reconstruction and new commercial. The main growth factors for segment expansion will be increased disposable income along with growing manufacturers focusing on new residential buildings. Increasing customer demand is likely to improve the glass bathroom cabinet market share and customization in particular for the new building industry. Also, the design changes and the replacement of old models with the new improved designed glass fronts would likely increase the size of the segment during the forecasted period.
Technological penetration
The involvement of key players has led to increased competition which has resulted in improved technological advancements. Key players are focusing on making the product better by introducing new improved smart technologies like an inbuilt smart system, Bluetooth facility, fog-resistant glass, and the introduction of ambient lights. This has created a tremendous demand from the end-user in the market.
Increasing investment
In the coming years, the proliferation of investments in new housing and the requirements for modernization of existing buildings are likely to be the main drivers of the bathroom glass cabinet market. Also, the market for shower glass cabinets is not only growing in the residential infrastructure sectors, including houses and apartments but also in the commercial sectors, including hotels and resorts.
Online retailing
Rising the online retail of a bathroom glass cabinet is a big business opportunity. Digital platforms are emerging for home design and renovation, like the bathroom glass cabinets, as one of the key distribution networks. Many e-commerce firms, including The Home Depot and Houzz.com, are thriving in the field of home improvement goods.
Other materials gaining traction
Owing to their fragile nature mirror cabinets are losing popularity, as other materials like wood, steel, etc provide longer sustainability and are available in attractive designs. Mirror cabinets require frequent replacements when broken, this is not the case with other materials which provide longer durability.
Cannot carry much weight
The biggest issue with bathroom glass cabinets is that they are not mounted on the ground and cannot bear much weight. Also, mirror cabinets are more fragile as compared to other materials and possess a high risk of breakage.
High production cost
In the coming years, market growth will slow down due to the problems associated with the high price of raw materials. The raw material suppliers' poor productivity and the high cost of production contribute to higher commodity prices. These factors can hinder market demand for glass doors.
Asia Pacific was the largest market accounting for XX% of the total market volume share in 2019
The key explanation for this is increasing urbanization and the rising disposable income of consumers, especially in China and other Asian countries. Rising national construction programs will boost demand for the commodity in the coming years. India would also see significant industry growth as a result of rapid industrialization and increasing middle-class income. The government's funding for smart urban projects is projected to improve the Indian construction industry, which will further increase consumer demand over time.
Roca
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