The towel warmer market in North America is expected to grow from US$ 179.57 million in 2021 to US$ 242.07 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
There has been an increased application of towel warmers in the commercial sector, increasing the demand for towel warmers. Towel warmers are increasingly used in various commercial sectors, such as laundry rooms, workshops, pool houses, saunas, yachts, hotels, gyms, and other sports facilities, spas and beauty salons, and hospitals and medical facilities. In commercial facilities, such as laundry services, towel warmers are used to dry delicate items of clothing that are not suitable for tumble dryers. In workshops, towel warmers are generally installed to provide extra heat to maintain a pleasant environment. In pool houses, saunas, and yachts, towel warmers are primarily used to dry wet items, such as towels, swimsuits, and other damp items. Hotels also use towel warmers to provide a luxurious and aesthetic visual appeal to the bathroom's look, attracting consumers. In gyms and sports facilities, towel warmers are utilized in locker rooms to dry damp towels and clothing and manage humidity and mold growth. In hospitals and medical facilities, towel warmers are used for warming the blankets and linens. Spas and beauty salons are another lucrative application of towel warmers. They help keep the towels, sheets, and blankets warm and dry to be ready for clients and keep the humidity under control in such commercial facilities. The rise in the spa industry worldwide is leading to an increased demand for towel warmers. According to the International Health, Racquet & Sportsclub Association (IHRSA), in 2018, the health and fitness industry in the US has been growing annually at a rate of 3 to 4%. About 20% of American adults have a fitness club membership. The increasing consumer preference for their health and fitness is leading to an increased presence of sports facilities and gyms, resulting in an increased demand for towel warmers. The augmenting usage of towel warmers among various commercial facilities and the rise in such commercial facilities are driving the market growth.
The US has the highest number of confirmed COVID-19 cases among all key countries in North America. This has obstructed manufacturing processes, research, and development activities. Along with this, the shutdown of wellness institutes, such as spas, hotels, and gyms, is hampering the towel warmer market in this region. According to the McKinsey and Company report, in 2020, most US hotels were closed, especially the luxurious hotels. Hotels facilities like gyms, spas, and laundry facilities were also closed in the US. Thus, the shutdown of hotels and other facilities restricted the market from growing. As the lockdown is uplifted and vaccination campaigns are under full flow, the reopening of spas, hotels, gyms, and saunas is likely to increase the demand for towel warmers in the near future.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America towel warmer market. The North America towel warmer market is expected to grow at a good CAGR during the forecast period.
North America Towel Warmer Market Segmentation
North America Towel Warmer Market - By Type
- Hydronic
- Electric
North America Towel Warmer Market - By Application
- Residential
- Commercial
North America Towel Warmer Market - By Country
- US
- Canada
- Mexico
North America Towel Warmer Market - Companies Mentioned
- Purmo Group
- Zehnder Group AG.
- KORADO, a.s.
- St.Lawrence Metal Products Co., Ltd.
- PORCELANOSA Grupo A.I.E.
Table of Contents
1. Introduction1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Towel Warmer Market, by Type
1.3.2 North America Towel Warmer Market, by Application
1.3.3 North America Towel Warmer Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. North America Towel Warmer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. North America Towel Warmer Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Urbanization and Home Remodeling Activities
5.1.2 Surging Commercial Application Sector
5.2 Market Restraints
5.2.1 Higher Product Price
5.3 Future Trends
5.3.1 Elevating Product Innovation
5.4 Impact Analysis of Drivers and Restraints
6. North America Towel Warmers - Market Analysis
6.1 North America Towel Warmer Market Overview
6.2 North America Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
7. North America Towel Warmer Market Analysis - by Type
7.1 Overview
7.2 North America: Towel Warmer Market, by Type
7.3 Electric
7.3.1 Overview
7.3.2 Electric: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Hydronic
7.4.1 Overview
7.4.2 Hydronic: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Towel Warmer Market Analysis - by Application
8.1 Overview
8.2 North America: Towel Warmer Market, by Application
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Towel Warmer Market - Country Analysis
9.1 Overview
9.1.1 North America: Towel Warmer Market, by Key Country
9.1.1.1 US: Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Towel Warmer Market, by Type
9.1.1.1.2 US: Towel Warmer Market, by Application
9.1.1.2 Canada: Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Towel Warmer Market, by Type
9.1.1.2.2 Canada: Towel Warmer Market, by Application
9.1.1.3 Mexico: Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Towel Warmer Market, by Type
9.1.1.3.2 Mexico: Towel Warmer Market, by Application
10. Impact of COVID-19 on North America Towel Warmer Market
10.1 Overview
11. Company Profiles
11.1 KORADO, a.s.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 PORCELANOSA Grupo A.I.E.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 St.Lawrence (Tangshan) Metal Products Co., Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Purmo Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Zehnder Group AG.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
LIST OF TABLES Table 1. North America Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. US Towel Warmer Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. US Towel Warmer Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Towel Warmer Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Towel Warmer Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Towel Warmer Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Towel Warmer Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, Towel Warmer Market
LIST OF FIGURES Figure 1. North America Towel Warmer Market Segmentation
Figure 2. North America Towel Warmer Market Segmentation - By Country
Figure 3. North America Towel Warmer Market Overview
Figure 4. North America Towel Warmer Market, By Type
Figure 5. North America Towel Warmer Market, by Country
Figure 6. North America Towel Warmer Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Towel Warmer Market Impact Analysis of Drivers and Restraints
Figure 10. North America Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America: Towel Warmer Market Revenue Share, by Type (2020 and 2028)
Figure 12. Electric: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Hydronic: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America: Towel Warmer Market Revenue Share, by Application (2020 and 2028)
Figure 15. Residential: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Commercial: Towel Warmer Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Geographic Overview of North America Towel Warmer Market
Figure 18. North America: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 19. US: Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
Figure 20. Canada: Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
Figure 21. Mexico: Towel Warmer Market -Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic on North America Towel Warmer Market
Companies Mentioned
- KORADO, a.s.
- PORCELANOSA Grupo A.I.E.
- Purmo Group
- St.Lawrence (Tangshan) Metal Products Co., Ltd.
- Zehnder Group AG.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 74 |
| Published | February 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 179.57 Million |
| Forecasted Market Value ( USD | $ 242.07 Million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | North America |
| No. of Companies Mentioned | 5 |
