USD 6.98 billion
Report ID:
SQMIG20B2014 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Shower Heads Market size was valued at USD 6.98 billion in 2021 and is poised to grow from USD 7.47 billion in 2022 to USD 14.45 billion by 2030, growing at a CAGR of 8.6% in the forecast period (2023-2030).
Bathroom fixtures for water distribution and use have showerheads. Bathing is a typical indoor activity on a daily basis and in urban settings, bathing water consumes 1/3rd of the household water. The market has a large variety of shower heads available because of continual product development and invention. There are several reputable producers in the very competitive global market for showerheads.
The national and international competitors control the market through innovations in product design, technology, branding, pricing, productivity, and other areas. The average showerhead uses about 2.5 GPM, but there are eco- friendly models that could help cut water use in half (gallons per minute). How crucial bathroom shower heads have become for ensuring personal hygiene is demonstrated by their progression from simple designs to modern dual-purpose panels, luxurious and curved showers and rain showers. According to data published by The National Kitchen & Bath Association (NKBA) in 2022, the remodelling of kitchens and bathrooms is expected to rise by over 14% over the following years due to rising disposable income and consumer demand for kitchen and bathroom products.
US Shower Heads Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.98 billion
Largest Segment
Fixed
Fastest Growth
Fixed
Growth Rate
8.6% CAGR
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Global Shower Heads Market is segmented on the basis of type, application, distribution channels and region. By type, the market is segmented into fixed, handheld, dual-purpose. By application, the market is segmented into residential, commercial. by distribution channels, the market is segmented into offline and online. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Shower Heads Market Analysis by Application
In 2022, the residential application segment dominated the global market and was responsible for the largest portion of revenue—more than 60%. The expansion of residential real estate in economies such those of the United States, China, India, and Brazil is anticipated to fuel the segment's growth. IBEF predicts that by 2030, India's real estate market will be worth $1 trillion and contribute 18–20% of the nation's GDP.
Throughout the forecast years, it is predicted that the commercial application category will grow at the quickest rate. The demand for shower heads for commercial bathroom applications is primarily driven by the expansion of the hotel industry and the global real estate market. The rising leisure and hospitality industries are primarily responsible for driving the need for bathroom accessories globally.
Shower Heads Market Analysis by Type
Due to the widespread use of fixed shower heads in bathrooms in virtually every household worldwide in 2022, the fixed showerhead category held the largest part of the market, accounting for about 57.45% of the total revenue. Due to increased residential and commercial building as well as the rapid advancement of technology in the bathroom products sector, the demand for these products has surged significantly in recent years.
However, during the projected period, the handheld product segment is anticipated to increase at the quickest rate. Consumer acceptance of different bathroom showers, including handheld showerheads, has increased rapidly as a result of rapid urbanization and rising customer preference for multifunctional gadgets.
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In 2022, Asia Pacific has become the major market with a share of approximately 39.70%. The real estate and residential project markets in India are enormous. Additionally, it is projected that the government rural housing policy, foreign investments in the industrial sector, the growth of urban population, and affordable home loans will result in increased product demand in India, China, and Southeast Asia.
In 2022, Europe held a sizable portion of the market. The main driver fueling the expansion of the regional industry is consumers' rising spending on house renovations and repairs in the UK, Germany, and Italy. With more people building homes and businesses in the region, particularly in Germany, France, and Italy, the need for intelligent, multifunctional shower heads has grown.
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Shower Heads Market Drivers
Innovative Bathroom Infrastructure is Bolstering Demand for Shower Heads
Shower Heads Market Restraints
Fragmented Market might Pose as a Threat to Market Growth
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In order to improve their market positions and provide consumers with genuine and engaging experiences, many global industry players are launching significant efforts.
Shower Heads Market Top Player’s Company Profiles
Shower Heads Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global shower heads market has been experiencing steady growth in recent years, owing to the rising demand for luxury bathroom products and increasing awareness about water conservation. The market is characterized by the presence of several key players, offering a wide range of products to cater to the diverse needs of customers. The high demand for innovative and technologically advanced products in these regions, coupled with the availability of a wide range of shower head options, is driving the growth of the market. The key players in the global shower heads market are focusing on product innovation, research and development, and mergers and acquisitions to gain a competitive edge. Additionally, the growing demand for smart shower systems is expected to create new growth opportunities in the market. The global shower heads market is expected to continue growing in the coming years, driven by factors such as urbanization, rising disposable incomes, and increasing consumer awareness about water conservation and environmental sustainability.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.98 billion |
Market size value in 2031 | USD 14.45 billion |
Growth Rate | 8.6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Shower Heads Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Shower Heads Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Shower Heads Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Shower Heads Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20B2014
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