The Global Market for Shower Heads and Shower Panels is Projected to Reach US$3.9 Billion by 2024
Recovery in Residential Construction
Sector to Drive Growth in the Global 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$3.9 billion by 2024, driven by the ongoing recovery
in the construction sector, rapid urbanization in developing countries and product
innovations such as smart water conserving showers.
Shower
heads and panels comprise an important part of the bathroom fittings and
fixtures market. Growth in the market is primarily driven by factors such as
growing popularity of showering over traditional bath, pace of new residential
construction activity, and level of building renovations & remodeling
activity. Other factors influencing growth include rising standard of living, urbanization trends, and growth
in the hospitality industry. The growing consumer focus and on water
conservation and energy efficiency levels mandated by regulations across the
world continue to enhance the demand for water conserving shower related
products.
Shower
designing has undergone a major change in modern times, with shower-systems and
bathrooms becoming spaces to display luxury and style. New shower systems
introduced in the market are crafted to align with the modern bath designs. At
the same time, emerging trend of multi-generational households in developed
countries and shrinking size of bathrooms are shaping new design concepts in
the shower heads and panels market. Growing need to conserve water under the
impact of climate change and depleting resources worldwide, has led to the
development of energy efficient and eco-friendly shower systems. The industry
is also witnessing multiple showerheads, which provide a customized bathing
experience. Connected technology has emerged as the next frontier in new age
showerhead designs as manufacturers launch smart shower heads equipped with
sensors and connected to mobile apps to provide added comfort and luxury to
users. Augmented with artificial intelligence these shower systems enable
efficient utilization of water, and facilitate temperature and pressure control. Popular advances in
showerhead technology include rain showerheads and digitally controlled
configurations for spray.
As
stated by the new market research report on Shower Heads and Shower
Panels, the
U.S. represents the largest market worldwide. Asia-Pacific ranks as the fastest
growing market worldwide with a CAGR of 6.8% over the analysis period. The growth in the region is led by factors
such as rapid urbanization and changing lifestyles, and rise in number of urban
housing projects.
Major
players in the market 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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