Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Shower Heads Market size is expected to reach $11.9 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The Commercial market is showcasing a CAGR of 9.6% during (2022 - 2028). The demand for showerheads for commercial bathroom applications is primarily driven by the expanding global real estate market and the hospitality industry. The rising leisure and hospitality sectors are primarily responsible for the increase in demand for bathroom accessories worldwide.
The Offline market is leading the segment in the Global Shower Heads Market by Distribution Channel in 2021; thereby, achieving a market value of $7.7 billion by 2028. This is due to a rise in the amount of shelf space available for product marketing brought on by the greater accessibility of sanitary goods and other items at specialized shops. Customers purchase shower accessories from physical locations to ensure a good fit and to learn more about the functionality of the item.
The Handheld market is witnessing a CAGR of 9.1% during (2022 - 2028). Rapid urbanization and rising customer taste for multi-purpose gadgets have led to the quick adoption of different bathroom showers, including handheld showerheads, by consumers. A rise in the awareness of reducing water use for domestic and commercial uses, together with a significant increase in the population density of metropolitan regions, are two primary reasons that are predicted to enhance the demand for handheld showerheads.
The Asia Pacific market dominated the Global Shower Heads Market by Region in 2021; thereby, achieving a market value of $4.6 billion by 2028. The Europe market is anticipated to grow at a CAGR of 8.2% during (2022 - 2028). Additionally, The North America market is expected to witness a CAGR of 7.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/shower-heads-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 Grohe AG (LIXIL Corporation), Masco Corporation, Moen Incorporated, Jacuzzi Brands, LLC, Kohler Co., Jaquar Group, Zoe Industries, Inc., MX Group, VIGO Industries and Colston Bath
By Distribution Channel
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