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.
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Accelerate at a CAGR of 6.52%
Europe, North America, APAC, South America, and MEA
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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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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