Market Snapshot:
Towel Bars is referred to as a horizontal bar which is hung a few inches from a wall for holding the towels. This is available in various size, shapes, and designs. They can be a single bar or double bar type. Due to rising travel and tourism industry, the hospitality industry sector is also getting promoted which in turn increasing the demand for bathroom accessories like towel bars and others. Furthermore, growing urbanization in many of the countries as a result of the expansion of the middle-class population is also expected to promote the scope of residential buildings in the coming years which will give rise in bathroom accessories. But some of the factors like the price of raw material cost and labour cost, creating hindrance for the rising market.
Highlights from Towel Bars Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
The key Vendors profiled in the report are Allied Brass (United States), KOHLER (United States), Delta (United States), Hindustan Sanitaryware Limited (India), MOEN (United States), Barclay Products (United States), Cera Sanitaryware (India), Gatco (United States), Symmons (United States), Liberty Hardware (United States), Pfister (United States) and Danze (United States). Additionally, other players that are part of this comprehensive study are Kingston Brass (United States), Amerock (United States), Ginger (United States), Ultra Faucets (United States) and Jaguar (India).
Geographic Breakdown and Segment Analysis
The Global Towel Bars market presents a comprehensive analysis of the Towel Bars market by product type (Single Bar and Double Bars), by end-user/application (Household, Commercial and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Towel Bars industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Towel Bars market
Analyst at AMA have segmented the market study of Global Towel Bars market by Type, Application and Region.
Influencing Trend:
Innovative Product Offerings and Personalized Bathroom Products Offerings in Bars
Market Growth Drivers:
Travel and Tourism Industry is Promote the Hospitality Industry Which, in Turn, Increasing the Demand for Bathroom Accessories
Challenges:
Changing Consumer Preferences Associated With the Design Structure of Towel Bars
Restraints:
Growing Raw Material and Labour Cost
Opportunities:
Rising Consumer’s Investment in Bathroom Luxury Products
Market Developments Activities:
In December 2022, Allied items Bathroom Accessories Collection! We understand how crucial it is to make the most of your bathroom space. That’s why we’ve put together a collection of products to help you create a more efficient bathroom.
In April 2021,Vogue (UK), the UK’s largest manufacturer of high quality designer radiators and towel warmers expand its much-loved aluminium heating range with the launch of Astute Compact: a contemporary radiator solution designed with a linear, vertical profile, which is available in three ultra-luxe finishes – Anthracite, Black and White.
The Global Inclusive Towel Bars product is moderately fragmented owing to the presence of several players. With the growing competition, companies are focusing on leveraging new technologies to offer advanced solutions.
Key Target Audience
Inclusive Towel Bars Manufacturers, Industry Associations, Distributors/Suppliers & Traders, Potential Investors, Marketing Firms, Downstream Vendors, Government & Regulatory Bodies and Others