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The towel warmers market share is expected to increase by USD 230.31 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.52%.
This towel warmers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (electric and hydraulic) and geography (Europe, North America, APAC, South America, and MEA). The towel warmers market report also offers information on several market vendors, including 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 among others.
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The increase in the availability of private-label brands is notably driving the towel warmers market's growth, although factors such as the high cost associated with towel warmers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the towel warmers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Towel Warmers Market Driver
The increasing availability of private-label brand products is a trend in the global towel warmers market. The share of private-label products in the towel warmers market space is set to grow. The price of private-label products is lower than that of branded products. Hence, price-sensitive customers are likely to purchase such products, including towel warmers.
Key Towel Warmers Market Challenge
High costs associated with towel warmers are a key market challenge. Towel warmers are expensive to run due to the power requirements of the heated element within. A towel warmer that heats evenly and is energy-efficient and durable can be expensive. Although higher-end models tend to give off more heat and heat more evenly can be costly, posing a significant challenge to adopt such high-end towel warmers.
This towel warmers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the towel warmers market encompasses successful business strategies deployed by the key vendors. 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.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The towel warmers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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37% of the market's growth will originate from Europe during the forecast period. 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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The towel warmers market's growth-share by the electric towel warmer segment will be significant during the forecast period. 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 provides an accurate prediction of the contribution of all the segments to the growth of the towel warmers market size and actionable market insights on the post-COVID-19 impact on each segment.
Towel Warmers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.52% |
Market growth 2022-2026 |
$ 230.31 million |
Market structure |
Fragmented |
YoY growth (%) |
3.68 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 37% |
Key consumer countries |
US, UK, China, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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