By 2026, the global shower head and shower panel market will reach 3.8 billion U.S. dollars

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San Francisco, June 1, 2021 /PRNewswire/ – A new market research released by the Global Industry Analyst Corporation (GIA) is the premier market research company, and today released a report entitled “Shower Heads and Shower Panels-Global Market Track and Analysis”. The report presents a new perspective on the opportunities and challenges of major changes in the market after COVID-19.

Facts at a glance
Version: 20; release: May 2021
Administrative participation: 4509
the company: 121 – The players involved include Arkema Group; Avantor, Inc.; China National Chemical Corporation; Dow; Elkem Silicones; Evonik Industries; Milliken; Momentive High Performance Materials; NuSil Technology Limited liability company; Shin-Etsu Chemical Co., Ltd.; Wacker Chemie AG and other companies.
Coverage: All major regions and key market segments
Segmentation: Market segment (shower, shower panel); application (household, commercial)geography: world; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; And the rest Europe); Asia Pacific (Australia; India; Korea; And the rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; And the rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; And the rest middle East); with Africa.

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Abstract-

The global shower head and shower panel market will reach US$3.8 billion By 2026

The shower head is a fixed device for guiding the shower water in the bathroom. The shower panel (sometimes called the shower tower) is a multi-outlet shower that combines a shower nozzle, hand spray, adjustable massage nozzle and body nozzle in a complete unit. Driven by accelerated urbanization, increased disposable income, increased awareness, growth in the real estate industry and growth in the hotel industry, the demand for bathroom accessories and accessories will continue to grow at a strong rate. Although the trend of decorative bathroom accessories is a stylish and simple appearance, more and more consumers choose decorative bathroom products to increase the personality and sophistication of the bathroom. Notable factors affecting the trend of the bathroom hardware industry include open floor plans, ergonomics, new technologies, streamlined design trends, and consumer demand for ease of use. According to reports, the shower head and panel market has benefited from increased spending by homeowners on bathroom and kitchen renovation projects. This trend can be attributed to the impact of the COVID-19 pandemic on the mentality of homeowners. More and more homeowners are participating in renovation projects for various reasons such as better functions and new appearances.

During the COVID-19 crisis, the global shower head and shower panel market is estimated to be US$2.8 billion By 2020, it is expected to reach the revised scale US$3.8 billion By 2026, it will grow at a compound annual growth rate of 4.8% during the analysis period.Shower heads are one of the market segments analyzed in the report. The compound annual growth rate is expected to be 5% and reach $2.5 billion At the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the shower panel sector was re-adjusted to a revised compound annual growth rate of 4.6% over the next 7 years.

The U.S. market is estimated to be US$1 billion In 2021, although China is expected to reach USD 489.9 million By 2026

The U.S. shower head and shower panel market is estimated to be US$1 billion In 2021. ChinaAs the second largest economy in the world, the market size is expected to reach USD 489.9 million By 2026, the compound annual growth rate during the analysis period is 6.5%.Other notable geographic markets include Japan with Canada, Each forecast increased by 3.7% and 4.9% respectively during the analysis period.within Europe, Germany It is expected to grow at a compound annual growth rate of approximately 3.6%. Sales in developed markets are mainly driven by higher prices and more complex product classifications. Increasing income levels and changing lifestyles have proven to be key factors driving the demand for shower heads and shower panels in developing countries. The improvement of the water supply system in rural areas will further promote the demand for shower products, mainly in the entry-level product category. more

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Contact:
Zac Ali
Director of Corporate Communications
Global Industry Analyst Company
Phone: 1-408-528-9966
www.StrategyR.com
e-mail: ZA@StrategyR.com

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Source: Global Industry Analysts, Inc.



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