Published Date: 20-Aug-2020
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Portable UV Sanitizing Boxes Market, published by KBV research, The Global Portable UV Sanitizing Boxes Market size is expected to reach $193.8 Million by 2026, rising at a market growth of 14.3% CAGR during the forecast period.
In terms of revenues, the residential segment dominated the market. Growing customer awareness is serving as a significant catalyst for the growth of the demand for portable UV sanitizing boxes in the residential sector. An increase in product launch is also serving as a key catalyst for growing market recognition and acceptance. The commercial category is expected to grow exponentially over the forecast period.
In terms of revenue, the off-line distribution channel dominated the market with a significant market share. This dominant share is attributable to a rise in the number of electronics and appliance retail stores resulting in an increase in shelf space for the sale of products. The rise in social media marketing encourages the development of the online distribution channel. The availability of various products with comparison features on the website and simple return policy is changing the consumer's inclination towards online transactions.
North America led the industry with a dominant market share. This share is attributable to innovation in product offerings in the region, along with customer willingness to spend on added value and innovative goods. The growing use of sanitizing tools in various residential and healthcare applications in the area promotes the growth of the demand for portable UV sanitizing boxes in the area. Asia Pacific is expected to see the fast growth over the forecast period and is expected to generate substantial revenue during the period. China's major revenue is generated in the Asia Pacific.
Structural Insights: https://www.kbvresearch.com/portable-uv-sanitizing-boxes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of PhoneSoap LLC, Limestone Labs Limited (CleanSlate UV), HoMedics, Inc. (FKA Distributing Co., LLC), LovingCase (Nuoweir Company), Munchkin, Inc., ANPEI Smart Medical Device Technology Co., Ltd., Phone Tub Limited, Coospider UVC, Guangdong Liangyueliang Photoelectric Technology Co., Ltd., and 59S Company.
By Distribution Channel
Unique Offerings from KBV Research