| According to IMARC Group’s latest report, titled “Towel Market Size: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global towel warmers market grew at a CAGR of around 7% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A towel warmer is a bath accessory utilized to heat the towels before use. It is a rail connected with a hot-water source, designed to disinfect the towel and improve the aesthetic appeal of the washroom. The towel warmers are generally available in electric and hydronic variants, which are manufactured using stainless steel and require minimal maintenance. They are commonly placed in bathrooms, laundry and spa rooms, indoor pool areas and also act as a space heater as they provide supplemental heat to the room it is placed in.
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Market Trends
Rapid urbanization and the rising expenditure capacities of the consumers are primarily driving the market growth. Furthermore, the growing awareness among the masses towards hygiene and preventing the growth of germs on wet towels is also augmenting the product demand. Towel warmer eliminates the coliform bacteria, mold and mildew spores from towels and reduces the risks of infections through damp towels. Additionally, the introduction of IoT-based and WiFi-enabled towel warmers that can be operated as per the requirement of the customers is further propelling the market growth. Various other factors, including the rising construction of modern commercial and residential spaces along with the rapid development of durable and energy-efficient variants, are anticipated to further drive the market growth in the coming years.
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List of Key Companies Covered in this Market Report:
Apollo Radiators Limited
Korado a.s.
Myson Inc.
Pitacs Limited
Porcelanosa SA (SORMAN SA)
Radox Radiators Ltd.
Runtal North America Inc. (Zehnder Group AG)
Stelrad Radiator Group Limited
Tangshan St. Lawrence Radiator Manufacturing Co. Ltd.
Vogue (UK) Limited.
The report has segmented the market on the basis of type, application and geography.
Breakup by Type:
Electric
Hydronic
Breakup by Application:
Residential
Commercial
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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