The Global Market for Shower Heads and Shower Panels is Projected to Reach US$3.4 Billion by 2020
Noticeable Recovery in Residential Investments Drives Growth
in the Shower Heads & Shower Panels Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Shower Heads and Shower Panels market. The global market for Shower Heads and Shower Panels is
projected to reach US$3.4 billion by 2020, driven by the gradual recovery in residential construction activity
in both developed and developing markets.
Shower Heads and other shower
related products account for a significant value of the global plumbing
fittings and fixtures market. The growth in the market is largely dependent on the
health of the housing and construction industry. Other macroeconomic factors influencing
growth include rising standard of living, urbanization trends, growth in the hospitality
industry and expanding middle class population with goals of aspirational living. In addition, product innovations such as water
conserving showers, and showers with superior styling, design and
functionality are expected to spur growth opportunities in the market. Especially
poised to benefit are energy efficient showers that conserve water, reduce
energy use and increase thermal comfort. Another key reason driving the
commercial value of technology improvements in energy efficiency is the
legislation of stringent energy efficiency norms implemented by governments
across the world.
Showers are moving beyond mere
utility and therefore product development efforts are increasingly being
focused towards design elements suited for contemporary bathrooms. Aesthetics,
functionality, material durability and experience, all represent important
variables for the commercial success of products in the marketplace. While
transitional and traditional styles continue to remain popular with consumers,
there is a growing preference for modern designs with intelligent and smart
functional features. Few of the design trends in vogue include multiple,
handheld, low flow and eco-friendly showerheads, body sprays,
therapeutic lights, and hydrotherapy. The most popular advances in showerhead
technology include rain showerheads, chromatherapy, and digitally controlled
configurations for spray. Digital
technology has emerged as the next frontier in showerhead design innovation, as
manufacturers launch smart shower heads equipped with sensors and connected to
mobile apps to provide added comfort and luxury to users. These digital showers
are designed to offer water saving, temperature and pressure control, and
self-cleaning benefits.
As stated by the new
market research report on Shower Heads and Shower Panels, Asia-Pacific ranks as the fastest growing market
worldwide with a CAGR of 6.6% over the analysis period. Europe currently represents
the largest market with future growth in the region supported by the promised
stability of the European economy and its construction industry. In
Asia-Pacific, major factors driving growth include rapid urbanization and growing
focus on building smart cities and homes.
Major players covered in
the report include Aqualisa, Gainsborough Showers, Aloys F. Dornbracht GmbH
& Co. KG, Grohe AG, Jacuzzi Group Worldwide, Jaquar & Company Private
Limited, Kohler Co., Masco Corporation, Hansgrohe AG, Moen, Inc., MX Group,
ROHL LLC, TRITON SHOWERS, Vigo Industries LLC, Vola A/S, and Zoe Industries,
Inc. among others.
The research report titled
“Shower Heads and Shower Panels: A Global Strategic
Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, and other strategic industry
activities of global companies. The report provides market estimates and
projections of Shower Heads and Shower Panels in US$ Thousand for all major
geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy,
UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of
Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of
Latin America).
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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