NEW YORK, Dec. 1, 2021 /PRNewswire/ -- 37% of the growth will originate from Europe for the towel warmers market. The UK, Germany, and France are the key markets for towel warmers in Europe. Market growth in this region will be faster than the growth of the market in South America. In recent years, the number of towel warmers installed in Europe has significantly increased because of the trend of homes with more than two baths and a cloakroom. The towel warmers market is set to grow by USD 230.31 million from 2021 to 2026 progressing at a CAGR of 6.52% as per the latest report by Technavio.
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The towel warmers market covers the following areas:
The towel warmers market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The report identifies the increase in the availability of private-label brands as one of the major factors driving the growth of the market. However, the high cost associated with towel warmers may impede the market growth.
The towel warmers market analysis includes segmentation by product (electric and hydraulic) and geography (Europe, North America, APAC, South America, and MEA). The towel warmers market's growth-share by the electric towel warmer segment will be significant for revenue generation. The primary factor that contributes to the growth-share of the market in this segment includes the booming acceptance of electric towel warmers across the commercial sector. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The towel warmers market is fragmented, and the vendors are deploying growth strategies such as new product launches and collaborations to gain a competitive advantage over their competitors in the market.
Apollo Radiators Ltd
PORCELANOSA Grupo AIE
Radox Radiators Ltd.
Rettig USA INC
St.Lawrence (Tangshan) Metal Products Co. Ltd
Stelrad Radiator Group Ltd.
Vogue (UK) Ltd.
Zehnder Group AG
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Towel Warmers Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.52%
Market growth 2022-2026
USD 230.31 million
YoY growth (%)
Europe, North America, APAC, South America, and MEA
Performing market contribution
Europe at 37%
Key consumer countries
US, UK, China, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
Apollo Radiators Ltd, Korado a.s., Pitacs Ltd., PORCELANOSA Grupo AIE, Radox Radiators Ltd., Rettig USA INC, St.Lawrence (Tangshan) Metal Products Co. Ltd, Stelrad Radiator Group Ltd., Vogue (UK) Ltd., and Zehnder Group AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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