What is the global market size of Bath Towel Market?

Bath Towel Market was valued at USD 4860 billion in the year 2021, and it is expected to reach USD 5,171.04 billion by 2028, increasing at a CAGR of 6.4% from 2022 to 2028. Bath Towels are still a crucial fashion accessory and a consistent source of cash for the industry. Bath Towels have recently risen in popularity as one of the most coveted personal items all around the world. The availability, prominence, and desirability of different bath towels have increased their wide acceptance and potent performance.

Bath Towel Market Size, Share, Growth Analysis, By Type(Plush Bath Towel, Bamboo Filter Bath Towel, Velvet Bath Towel, Micro Fiber Towel), By Size(Small (13, Medium (16, Large (30, and Extra Large (34), By Application(Hand Towel, Face Towel, and Body Towel), By End User(Residential and Commercial), By Distribution Channels(Online and Offline), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Bath Towel Market?

Top Players in the Global Bath Towel Market 'GM Exports (India)', 'Nine Space (The U.S.)', 'Sunvim (China)', 'Dunroven House (The U.S.)', 'QIANXIANG (China)', 'Kimberly-Clark (The U.S.)', 'Procter & Gamble (The U.S.)', 'Behrens Group (UK)', 'WHR Gmbh (Germany)', 'Laguna Beach Textile Company (The U.S.)', 'Dock and Bay (UK)', 'Koch Industries (The U.S.)'

Report ID: SQMIG25M2050 | Region: Global | Published Date: October, 2024
Pages: 165 | Tables: 91 | Figures: 68

Bath Towel Market Dynamics

Bath Towel Market Driver

Growing consumer expenditure on personal care and home goods is influenced by population increase and rising per capita income, which is what drives the bath towel market expansion globally. Some characteristics or benefits of a towel include its strength, cost effectiveness, water resistance, and light weight, which contribute to its high demand across the globe. Towel usage is predicted to increase in hospitals, hotels, restaurants, and fitness facilities, which will continue to drive market expansion.
Cloth use is increasing as a result of changing lifestyles, growing brand recognition, swiftly shifting fashion trends, and growing hygiene and cleanliness consciousness. Growing public awareness of the benefits of using bath towels, hand towels, and gym towels separately to preserve personal hygiene is assisting in the overall market expansion.

Bath Towel Market Restraint

The fluctuating cost of raw materials is the main factor limiting the expansion of the bath towel market. Raw material commodity price fluctuations will affect the cash flows and profits of businesses.

Bath Towel Market Report Snapshots

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FAQs

Bath Towel Market size was valued at USD 12.4 Billion in 2022 and is poised to grow from USD 13.2 Billion in 2023 to USD 21.2 Billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our bath towel market reports, some of the leading luxury bath towel manufacturers are as follows: GM Exports (India), Nine Space (The U.S.), Sunvim (China), Dunroven House (The U.S.), QIANXIANG (China), Kimberly-Clark (The U.S.), Procter & Gamble (The U.S.), Behrens Group (UK), WHR Gmbh (Germany), Laguna Beach Textile Company (The U.S.), Dock and Bay (UK), and Koch Industries (The U.S.) 'GM Exports (India)', 'Nine Space (The U.S.)', 'Sunvim (China)', 'Dunroven House (The U.S.)', 'QIANXIANG (China)', 'Kimberly-Clark (The U.S.)', 'Procter & Gamble (The U.S.)', 'Behrens Group (UK)', 'WHR Gmbh (Germany)', 'Laguna Beach Textile Company (The U.S.)', 'Dock and Bay (UK)', 'Koch Industries (The U.S.)'

Growing consumer expenditure on personal care and home goods is influenced by population increase and rising per capita income, which is what drives the bath towel market expansion globally. Some characteristics or benefits of a towel include its strength, cost effectiveness, water resistance, and light weight, which contribute to its high demand across the globe. Towel usage is predicted to increase in hospitals, hotels, restaurants, and fitness facilities, which will continue to drive market expansion.

Governments in nations like China and India support textile businesses through a variety of programmes and financial investments. It benefits the bath towel market.

North America held the highest share of the global bath towel market in 2021 because of its advanced healthcare system, expanding fitness sector, and expanding food and beverage business. One of the primary factors driving the growth of the bath towel market in North America is the widespread use of towels to maintain personal hygiene in restaurants, hotels, hospitals, clinics, and gyms & fitness clubs.

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Bath Towel Market Dynamics

Bath Towel Market Report Snapshots

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What is the global market size of Bath Towel Market?

Who are the key vendors in the Bath Towel Market?

What is the key driver of Bath Towel Market?

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Which region accounted for the largest share in Bath Towel Market?

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