Research Nester assesses the growth of low-cost countries glass shower door and bathtubs market which is anticipated to be on account of the rising number of hotels and increasing population in urban areas.
New York – February 20, 2023 - Research Nester’s recent market research analysis on “Low-Cost Countries Glass Shower Door and Bathtubs Market: Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the low-cost countries glass shower door and bathtubs market in terms of market segmentation by region.
Growing Concern for the Prevalence of Chronic Diseases to Drive Growth of Low-cost Countries Glass Shower Door and Bathtubs Market
The low-cost countries glass shower door and bathtubs market is estimated to grow majorly on account of the rising demand for hotels and hotel rooms. Around 21 new openings in 2022 brought 3,000 additional rooms into the system. Only 13 new openings and over 2,400 new rooms are scheduled in 2023, in comparison. But over 12,000 keys and 61 more schemes have already been planned for 2024 and beyond. Moreover, following a significant uptick that started at the beginning of the year and reached 60% in August, Kuala Lumpur's hotel occupancy in Malaysia is anticipated to reach 75% by late 2023.
Some of the major growth factors and challenges that are associated with the growth of the low-cost countries glass shower door and bathtubs market are:
- Rapidly Rising Urbanization
- Growing Construction Industry
- Rising Need for More Hotel Rooms
- Growing Popularity of Luxury Properties
- Higher Preference of Frameless Glass Shower Door
The rising availability of shower curtains, they are present in various colors and designs, and gives sufficient amount of privacy, increased usage of screen panels, and higher price of bathtubs and glass shower doors are some of the major factors anticipated to hamper the growth of the low-cost countries glass shower door and bathtubs market.
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By region, the market in India is to generate the highest revenue of USD 2,679.3 Million by the end of 2035 in low-cost countries glass shower door and bathtubs market. It is expected to grow at a CAGR of 7.47% over the forecast period. The market in the region garnered a revenue of USD 1225.2 Million in 2022. This growth is anticipated by higher number of hotels being built and forecasted to be constructed in the region, followed by rising demand of luxury apartments.
This report also provides the existing competitive scenario of some of the key players of the low-cost countries glass shower door and bathtubs market which includes company profiling of 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.