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.

Comments

Popular posts from this blog

The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022