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Insights on the Shower Heads and Shower Panels Global Market to 2026 - Featuring Grohe, Kohler and MX Group Among Others - ResearchAndMarkets.com

September 9, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Sep 9, 2021--

The “Shower Heads and Shower Panels - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Shower Heads and Shower Panels Market to Reach $3.8 Billion by 2026

Shower heads are fixtures that are used to guide the water spray in a bathroom shower. Shower panels (sometimes called shower towers) are multi-outlet showers combining showerheads, hand sprays, adjustable massage nozzles, and body jets, in one complete unit. The demand for bath fittings and accessories will continue to grow at a robust rate propelled by rising urbanization, increase in disposable income, improving awareness, growth in the real estate sector, and growth in hospitality.

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While the trend in decorative bath fittings is towards a sleek and simple look, an increasing number of consumers are opting for decorative bath hardware in order to add personality and sophistication to their bathrooms. Noteworthy factors influencing the trends in the bathroom hardware industry include open floor plans, ergonomic issues, new technology, streamlined design trends, and consumer demands for ease of use. The shower heads & panels market is reported to benefit from increasing homeowner spending on bathroom and kitchen remodeling projects. The trend can be credited to the impact of the COVID-19 pandemic on homeowners` mindsets. An increasing number of homeowners are actively engaging in remodeling projects, citing various reasons like better functionality and a new look.

Amid the COVID-19 crisis, the global market for Shower Heads and Shower Panels estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Shower Heads, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Shower Panels segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $489.9 Million by 2026

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The Shower Heads and Shower Panels market in the U.S. is estimated at US$1 Billion in the year 2021. China, the world`s second-largest economy, is forecast to reach a projected market size of US$489.9 Million by the year 2026 trailing a CAGR of 6.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Sales in developed markets are primarily driven by higher pricing and more sophisticated product assortments. Improving income levels and changes in lifestyle prove to be key factors driving the demand for shower heads and shower panels in developing nations. Improvements in water systems in rural areas will further drive demand for shower products, primarily in the entry-level product category.

Select Competitors (Total 121 Featured):

  • 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
  • Zoe Industries, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • COVID-19 Hits Construction Sector
  • Home Remodeling Projects Support Growth amid the Pandemic
  • Kitchen & Bath Industry Exudes Encouraging Signs of Recovery after Dismal Q1 Sales
  • Shower Heads and Shower Panels: A Preface
  • Regional and Cultural Preferences Have a Strong Bearing
  • Evolution of Showers
  • Types of Showers
  • Shower Heads and Types
  • Water Flow Patterns
  • Shower Panels
  • Sustainability and Water Efficiency: A Prime Benefit Encouraging Growth
  • Outlook
  • Emerging Markets: Major Centers for Growth
  • Residential Sector Holds Strong Potential
  • Factors Impacting Growth
  • Growing Popularity of Showering Over Traditional Bath
  • Economic Volatility and Construction Sector Dynamics
  • Product Innovations and Manufacturing Trends

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Focus on Water Conservation Drives a Changing Product Mix
  • Consumer Desire for Ultimate Showering Experience Give Way to Contemporary Showerheads with Novel Designs
  • Smart Homes Drive Demand for Smart Plumbing Products
  • Smart Showers Bring in a Transformational Phase in Shower Industry
  • Double Showers with Integrated Smart Technology Gets Popular
  • Innovative Panels and Attractive Designs Elevate Showering Experience
  • Luxury: The New Buzzword in Shower Experience
  • Showerheads Widen Product Assortment
  • Contemporary Showerheads with Extra Features
  • Changing Demographic and Lifestyle Redefine Bathroom Fixtures market
  • Bathroom Upgrades Drive Sales
  • Increasing Number of Homes with Multiple Bathrooms Elevate Opportunities
  • Demanding Consumer Requirements Lead to Deeper Product Segmentation
  • Shower Panels Meeting Specific Needs Gain Interest
  • Quality Scores over Aesthetics for Shower Heads
  • Premium Products Garner Increased Demand
  • New Building Codes Offer Impetus to Growth
  • Online Marketplace: Drives Sales
  • Favorable Demographic Scenario Boosts Market Prospects
  • Urbanization: A Key Growth Driver in Developing Countries
  • Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Expanding Middle Class Population and Rising Standards of Living

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/a3wjfh

View source version on businesswire.com:https://www.businesswire.com/news/home/20210909005839/en/

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KEYWORD:

INDUSTRY KEYWORD: HOME GOODS RETAIL OTHER RETAIL

SOURCE: Research and Markets

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PUB: 09/09/2021 12:15 PM/DISC: 09/09/2021 12:16 PM

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