Low-cost countries glass shower door and bathtubs market is likely to grow at a CAGR of 6.28% over the forecast period, i.e., 2023-2035. The market generated a revenue of around USD 4589.6 Million in the year 2022 and is likely to produce revenue worth of nearly USD 8869 Million by the end of 2035. The market growth is primarily driven by rising urbanization and higher constructional activities. One of the countries with the highest rates of urbanization worldwide is Indonesia. There are currently 94 or so cities in Indonesia, compared to 50 before the urbanization trend started, coupled with larger urban regions. In addition, Indonesia's urban population would increase by more than 3 million people annually until 2035. In addition, Indonesia's urban population is projected to grow to almost 200 million people by 2035. Besides this, rising demand of hotel rooms, growing preference for frameless glass shower doors, and growing sales of luxury apartments. Over 11,000 units of luxury homes were sold in Mexico's major tourist destinations in 2021. At the end of 2022, sales of opulent seaside homes in Mexico are expected to rise by almost 32%. Moreover, the active development ratio has increased by at least 10% from 2020. Additionally, over the course of the next five years, 59,000 new rooms are expected to be built around the country.
A few factors that are anticipated to restrain market expansion include the availability of cheaper alternatives to glass shower doors, such as shower curtains, the increased use of screen panels, and the high cost of glass shower doors and bathtubs.
On the basis of region, the low-cost countries glass shower door and bathtubs market is analyzed by the markets of Indonesia, India, Vietnam, Malaysia, Thailand, Mexico, Turkey, Poland, Brazil, and Egypt. The market in India collected the highest revenue of USD 1225.2 million in 2022. By the end of 2035, it is estimated to garner a revenue of USD 2,679.3 million, by growing at the CAGR of 7.47% over the forecast period. The region's market is expected to flourish as a result of rising demand for hotel rooms followed by higher construction of hotels and higher investment in luxurious properties. Around 67% of wealthy people invested in homes with chic, contemporary interiors and décor in 2022. Additionally, the luxury housing market grew from 7% of total sales in first quarter 2019 to 12% in the first quarter of 2022.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the low-cost countries glass shower door and bathtubs market that are included in our report are Woven Gold, Pakai Industries Berhad, Reliance Home Sdn Bhd, Duscholux, Kinetic, SA. De C.V., Blackline Showers, Radaway Sp. Z o.o., Axell, EL Sallab Group, and P T Surya Toto Indonesia Tbk.
A few factors that are anticipated to restrain market expansion include the availability of cheaper alternatives to glass shower doors, such as shower curtains, the increased use of screen panels, and the high cost of glass shower doors and bathtubs.
On the basis of region, the low-cost countries glass shower door and bathtubs market is analyzed by the markets of Indonesia, India, Vietnam, Malaysia, Thailand, Mexico, Turkey, Poland, Brazil, and Egypt. The market in India collected the highest revenue of USD 1225.2 million in 2022. By the end of 2035, it is estimated to garner a revenue of USD 2,679.3 million, by growing at the CAGR of 7.47% over the forecast period. The region's market is expected to flourish as a result of rising demand for hotel rooms followed by higher construction of hotels and higher investment in luxurious properties. Around 67% of wealthy people invested in homes with chic, contemporary interiors and décor in 2022. Additionally, the luxury housing market grew from 7% of total sales in first quarter 2019 to 12% in the first quarter of 2022.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the low-cost countries glass shower door and bathtubs market that are included in our report are Woven Gold, Pakai Industries Berhad, Reliance Home Sdn Bhd, Duscholux, Kinetic, SA. De C.V., Blackline Showers, Radaway Sp. Z o.o., Axell, EL Sallab Group, and P T Surya Toto Indonesia Tbk.
Table of Contents
1. An Introduction to the Research Study
2. The Research Procedure
4. Evaluation of Market Fluctuations and Outlook
15. Low Cost Countries Glass Shower Door and Bathtubs Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
16. Comprehensive Analysis of Leading Players in the Market
Companies Mentioned
- Woven Gold
- Pakai Industries Berhad
- Reliance Home Sdn Bhd
- Duscholux
- Kinetic
- SA. De C.V.
- Blackline Showers
- Radaway Sp. Z o.o.
- Axell
- EL Sallab Group
- P T Surya Toto Indonesia Tbk.
