Product ID: UCMIG25E2048
Towel Warmers Market Size, Share, Growth Analysis, By Application(Residential, Commercial), By Type(Electric, Hydronic), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG25E2048 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Towel Warmers Market Insights
Market Overview:
The market for towel warmers is expected to grow at a CAGR of 6.8% from 2017 to 2027, reaching a projected value of USD 1.1 billion. The market is anticipated to increase as a result of factors like expanding economic activity, rising urbanisation, and home remodelling activities. Additionally, rising consumer awareness about the growth of germs in wet towels is acting as a catalyst for market expansion. Studies, such as the one conducted by the University of Arizona, have shown that a significant percentage of bathroom towels are contaminated with coliform bacteria and E. coli, which has led to increased demand for towel warmers as a means to maintain towel hygiene and prevent bacterial growth.
Towel Warmers Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Electronics by segment aggregation, the contribution of the Consumer Electronics in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Towel Warmers Market Report Snapshots
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