According to a market report by Lucintel, the future of the global towel warmer market looks promising with opportunities in the residential and commercial markets. The global towel warmer market is expected to reach an estimated $1 billion by 2030 at a CAGR of 7% from 2024 to 2030. The major drivers for this market are rising awareness among consumers regarding the growth of germs in a wet towel, growing expenditure capacities of the consumers, and increasing remodeling and renovation activities of commercial and residential complexes.
A more
than 150-page report to understand trends, opportunity and forecast in global towel
warmer market to 2030 by type (electric and hydronic), application (residential
and commercial), and region (North America, Europe, Asia Pacific, and the Rest
of the World).
Lucintel
forecasts that electric will remain the larger segment over the forecast period
because of convenient installation, user-friendly operation, and
energy-efficient design, as well as demand for portable countertop towel warmers
among corporate owners.
Through
this market, residential is expected to witness the higher growth over the
forecast period due to surge in urbanization, growing investment in home
renovation projects that led to a higher number of households seeking premium
bathroom products, and these products not only fulfill their functional needs
but also enhance the overall aesthetics of their interiors, reflecting the
evolving consumer preferences in the market.
Download
sample by clicking on towel warmer market.
Europe
will remain the largest region over the forecast period due to extreme weather
conditions, growing demand for heating equipment in restrooms, and rising
demand for efficient power solutions in this region.
Apollo
Radiators, Korado, Myson, Pitacs Limited, Porcelanosa, Radox Radiators, Runtal
North America, Stelrad Radiator Group, Tangshan St. Lawrence Radiator
Manufacturing, Vogue are the major suppliers in the towel warmer market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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