According to a market report by Lucintel, the future of the global towel warmer market looks promising with opportunities in the residential and commercial markets. The global towel warmer market is expected to reach an estimated $0.8 billion by 2030 from $0.5 billion in 2024, at a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are rising awareness among consumers regarding the growth of germs in a wet towel, growing expenditure capacities of the consumers, and increasing remodeling and renovation activities of commercial and residential complexes.
A more than 150-page report to understand trends, opportunity and forecast in towel warmer market to 2030 by type (electric and hydronic), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that electric will remain the larger segment over the forecast period because of convenient installation, user-friendly operation, and energy-efficient design, as well as demand for portable countertop towel warmers among corporate owners.
Through this market, residential is expected to witness the higher growth over the forecast period due to surge in urbanization, growing investment in home renovation projects that led to a higher number of households seeking premium bathroom products, and these products not only fulfill their functional needs but also enhance the overall aesthetics of their interiors, reflecting the evolving consumer preferences in the market.
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Europe will remain the largest region over the forecast period due to extreme weather conditions, growing demand for heating equipment in restrooms, and rising demand for efficient power solutions in this region.
Apollo Radiators, Korado, Myson, Pitacs Limited, Porcelanosa, Radox Radiators, Runtal North America, Stelrad Radiator Group, Tangshan St. Lawrence Radiator Manufacturing, Vogue are the major suppliers in the towel warmer market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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