Heated Towel Rail Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027Price: 3200/- USD | Published Date: August 26, 2020 |
The global heated towel rail market size was estimated at around USD 1billion in 2019 and projected to grow at a significant CAGR of over 6% during the forecast period 2020 to 2027. Technological advancement in bathroom accessories is a key factor to drive the market. Rapid urbanization and increasing disposable income in developing economies are other factors to drive the market. Moreover, increasing house renovation and growing adoption of modern house infrastructure is also contributing to the market growth over the forecast period.
The global heated towel rails market is segmented on the basis of type, application, and geography. by type, the segment is classified into electronic and hydronic towel rails. The electronic heated towel rails segment held the largest share of the market in 2019 and accounted for over 70% of the market share in terms of revenue. The Increasing adoption of electric towel rails in the commercial sector is a primary factor to drive the segment growth. Furthermore, increasing investment in R&D by key market players is also boosting the electric towel warmers over the forecast period. The WarmlyYours, a leading market player of the Unites States, has announced to launch a new range of electric towel rails in 2018.
By application, the market is classified into residential and commercial applications. The commercial segment dominated the market in 2019 and accounted for over 60% of heated towel rails market share in terms of revenue. The rising adoption of towel warmers in hotels and spa centers is a key factor to drive the segment growth over the forecast period. In contrast, the residential segment is accounted for the fastest-growing segment due to increasing expenditure from young families in developing economies. Furthermore, rapid urbanization and increasing expenditure by middle-class families are some more factors to uplift the segment growth.
The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of heated towel rail industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.
Historical & Forecast Period
- 2018 - Historical Year for heated towel rail Market
- 2019 - Base Year for heated towel rail Market
- 2020-2027 - Forecast Period for heated towel rail Market
The heated towel rail market report offers a primary overview of the heated towel rail industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the heated towel rail industry.
Heated Towel Rail Market Segmentation:
- Electric Heated Towel Rails
- Hydronic Heated Towel Rails
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of Key Companies:
- Amba Products
- com, Inc.
- Vogue UK Ltd.
- MARGAROLI SRL
- Zehnder Group AG
Heated Towel Rail Market Report Scope
This report provides an investigative analysis of the heated towel rail market encapsulated in detailed sections such as
- Research Methodology
- Research Scope
- Executive Market Summary: Industry Snapshot
- Industry Outlook
- Critical Success Factors (CSFs) for the Market
- Market Dynamics
- Key Opportunities
- Market Porters Five Force Analysis
- Market Value Chain/Ecosystem Analysis
- Market Attractive Investment Proposition
- Market PESTEL Analysis
- Market Positioning of Key Vendors
- Market Segmentation Outlook
- Regional Outlook
- Company Profiles of Key Vendors
Geographically, the heated towel rail Market report comprises dedicated sections centering on the regional market revenue and trends. The heated towel rail market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The heated towel rail market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. heated towel rail Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.
- North America heated towel rail Market Revenue and Forecast
- Europe heated towel rail Market Revenue and Forecast
- Asia Pacific heated towel rail Market Revenue and Forecast
- Latin America heated towel rail Market Revenue and Forecast
- Middle East and Africa heated towel rail Market Revenue and Forecast
Key Questions Answered by Heated Towel Rail Market Report
- Market size and forecast of the heated towel rail market for the period from 2018 to 2027
- Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
- Value chain analysis
- Market share analysis combined with competitive landscape of key players
- Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage
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