[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Towel Warmers Market Size, Share & Trends Analysis Report By Application (Residential, Commercial), By Type (Electric, Hydronic), By Region, And Segment Forecasts, 2020 - 2027

August 2020 | 80 pages | ID: TB5870530D9AEN
Grand View Research, Inc.

US$ 3,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
This report can be delivered to the clients within 48 Business Hours

Towel Warmers Market Growth & Trends
The global towel warmers market size is anticipated to reach USD 1.1 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% from 2020 to 2027. Increasing remodeling activities are fueling the growth of the market. Moreover, increasing awareness pertaining to hygiene is acting as a driver for the market.

In order to gain market share, companies are introducing new products to meet the growing demand. In March 2020, Vogue (UK) launched a new aluminum astute towel warmer. The newly launched product is lightweight, thus making it suitable to install on any type of internal wall. Aluminum is used in order to achieve high efficiency.

Moreover, companies are engaging in various partnerships in order to expand reach among consumers. For instance, in May 2019, Amba Products, a distributor of heated towel racks, announced a partnership with Hydrologic, Florida’s wholesale distributors of plumbing, indoor and outdoor lighting, fans, and other fine home accents. The partnership will provide Amba with a permanent space in its showrooms as well as increased visibility among a wide range of builders, architects, and interior designers.

In terms of application, the commercial segment held the largest share of 69.4% in 2019. The growing commercial sector, coupled with rising wellness tourism, is acting as a driver for higher demand in the commercial sector. Business owners in the sector are demanding portable, easy to use, and durable towel warmers. Owners are more inclined towards the purchase of electric towel warmers owing to ease of installation and low cost.

The electric segment dominated the market with a revenue-based share of 67.8% in 2019. Low energy consumption, ease of installation, and usage are acting as major factors for market growth. The availability of various technologically advanced features, such as auto turn on and off, in order to prevent overheating, is acting as a major driver for the segment.

Increasing product launch in the electric segment is also boosting demand. For instance, in October 2018, WarmlyYours launched a new line of modern towel warmers called “Cosmopolitan Collection”. It is a collection of electric wall-mounted towel warmers, featuring 10 unique variants from 8 new models. The collection is available in different options, including sizes, designs, bar-counts, and finishes, making it easy for designers, remodelers, and end-users to find the right option as per their needs. Moreover, the collection is hardwired, making the wires and cords invisible and has built-in TempSmart protection, which prevents the units from overheating. This feature is estimated to boost the demand for electric towel warmers over the forecast period.

Europe dominated the market with a revenue-based share of 47.7% in 2019. The high adoption rate of the product, coupled with the presence of international companies, is acting as a major driver for the market. Moreover, extreme weather conditions, the growing wellness industry, and increasing product launches are fueling the growth of the market in the region.

Towel Warmers Market Report Highlights
  • The commercial application segment dominated the market with a share of 69.4% in 2019
  • The electric type segment was valued at USD 450.2 million in 2019
  • Asia Pacific is expected to witness the fastest growth over the forecast period with a revenue-based CAGR of 7.8% from 2020 to 2027.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. TOWEL WARMERS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Sales/Retail Channel Analysis
  3.3.2. Profit Margin Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Industry Challenges
  3.4.4. Industry Opportunities
3.5. Business Environment Analysis
  3.5.1. Industry Analysis - Porter’s
    3.5.1.1. Supplier Power
    3.5.1.2. Buyer Power
    3.5.1.3. Substitution Threat
    3.5.1.4. Threat from New Entrant
    3.5.1.5. Competitive Rivalry
3.6. Roadmap of Towel Warmers Market
3.7. Market Entry Strategies

CHAPTER 4. CONSUMER BEHAVIOUR ANALYSIS

4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Application Adoption
4.4. Observations & Recommendations

CHAPTER 5. TOWEL WARMERS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Application Movement Analysis & Market Share, 2019 & 2027
5.2. Residential
  5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Commercial
  5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)

CHAPTER 6. TOWEL WARMERS MARKET: TYPE ESTIMATES & TREND ANALYSIS

6.1. Type Movement Analysis & Market Share, 2019 & 2027
6.2. Electric
  6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3. Hydronic
  6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)

CHAPTER 7. TOWEL WARMERS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. North America
  7.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  7.2.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  7.2.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.2.4. The U.S.
    7.2.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.2.4.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.2.4.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
7.3. Europe
  7.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  7.3.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  7.3.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.3.4. Germany
    7.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.3.4.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.3.4.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.3.5. France
    7.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.3.5.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.3.5.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.3.6. The U.K.
    7.3.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.3.6.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.3.6.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
7.4. Asia Pacific
  7.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  7.4.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  7.4.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.4.4. China
    7.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.4.4.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.4.4.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.4.5. Japan
    7.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.4.5.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.4.5.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
7.5. Central and South America
  7.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  7.5.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  7.5.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
  7.5.4. Brazil
    7.5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    7.5.4.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
    7.5.4.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
7.6. Middle East and Africa
  7.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  7.6.2. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  7.6.3. Market estimates and forecast, by type, 2016 - 2027 (USD Million)

CHAPTER 8. COMPETITIVE ANALYSIS

8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
  8.3.1. Key company market share analysis, 2019

CHAPTER 9. COMPANY PROFILES

9.1. Runtal North America, Inc. (Zehnder Group)
  9.1.1. Company Overview
  9.1.2. Financial Performance
  9.1.3. Application Benchmarking
  9.1.4. Strategic Initiatives
9.2. Korado Group
  9.2.1. Company Overview
  9.2.2. Financial Performance
  9.2.3. Application Benchmarking
  9.2.4. Strategic Initiatives
9.3. Stelrad Radiator Group
  9.3.1. Company Overview
  9.3.2. Financial Performance
  9.3.3. Application Benchmarking
  9.3.4. Strategic Initiatives
9.4. Radox Radiators Ltd
  9.4.1. Company Overview
  9.4.2. Financial Performance
  9.4.3. Application Benchmarking
  9.4.4. Strategic Initiatives
9.5. Pitacs Limited
  9.5.1. Company Overview
  9.5.2. Financial Performance
  9.5.3. Application Benchmarking
  9.5.4. Strategic Initiatives
9.6. Apollo Radiators
  9.6.1. Company Overview
  9.6.2. Financial Performance
  9.6.3. Application Benchmarking
  9.6.4. Strategic Initiatives
9.7. Tangshan St. Lawrence radiator manufacturing co. ltd
  9.7.1. Company Overview
  9.7.2. Financial Performance
  9.7.3. Application Benchmarking
  9.7.4. Strategic Initiatives
9.8. Vogue UK
  9.8.1. Company Overview
  9.8.2. Financial Performance
  9.8.3. Application Benchmarking
  9.8.4. Strategic Initiatives
9.9. Myson Inc.
  9.9.1. Company Overview
  9.9.2. Financial Performance
  9.9.3. Application Benchmarking
  9.9.4. Strategic Initiatives
9.10. Porcelanosa Group
  9.10.1. Company Overview
  9.10.2. Financial Performance
  9.10.3. Application Benchmarking
  9.10.4. Strategic Initiatives

LIST OF TABLES

1. Towel warmers - Key market driver analysis
2. Towel warmers - Key market restraint analysis
3. Global electric towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
4. Global hydronic towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
5. Global towel warmers market estimates and forecast, by residential application, 2016 - 2027 (USD Million)
6. Global towel warmers market estimates and forecast, by commercial application, 2016 - 2027 (USD Million)
7. North America towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
8. North America towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
9. North America towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
10. U.S. towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
11. U.S. towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
12. U.S. towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
13. Europe towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
14. Europe towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
15. Europe towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
16. Germany towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
17. Germany towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
18. Germany towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
19. France towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
20. France towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
21. France towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
22. U.K. towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
23. U.K. towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
24. U.K. towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
25. Asia Pacific towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
26. Asia Pacific towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
27. Asia Pacific towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
28. China towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
29. China towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
30. China towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
31. Japan towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
32. Japan towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
33. Japan towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
34. Central and South America towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
35. Central and South America towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
36. Central and South America towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
37. Brazil towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
38. Brazil towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
39. Brazil towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
40. Middle East and Africa towel warmers market estimates and forecast, 2016 - 2027 (USD Million)
41. Middle East and Africa towel warmers market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
42. Middle East and Africa towel warmers market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
43. Vendor landscape

LIST OF FIGURES

1. Towel warmers market snapshot
2. Towel warmers market segmentation & scope
3. Towel warmers market penetration & growth prospect mapping
4. Towel warmers value chain analysis
5. Towel warmers market dynamics
6. Towel warmers market: Porter's analysis
7. Towel warmers market: Application movement analysis
8. Towel warmers market: Type movement analysis
9. Towel warmers market: Regional movement analysis


More Publications