Towel Warmers Market to grow at a CAGR of 6.52% by 2026| 37% of the Market Growth to Originate from Europe | 17000+ Technavio Reports

NEW YORK, Dec. 1, 2021 /PRNewswire/ -- 37% of the growth will originate from Europe for the towel warmers market. The UK, Germany, and France are the key markets for towel warmers in Europe. Market growth in this region will be faster than the growth of the market in South America. In recent years, the number of towel warmers installed in Europe has significantly increased because of the trend of homes with more than two baths and a cloakroom. The towel warmers market is set to grow by USD 230.31 million from 2021 to 2026 progressing at a CAGR of 6.52% as per the latest report by Technavio.

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The towel warmers market covers the following areas:

• Towel Warmers Market Sizing
• Towel Warmers Market Forecast
• Towel Warmers Market Analysis

The towel warmers market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The report identifies the increase in the availability of private-label brands as one of the major factors driving the growth of the market. However, the high cost associated with towel warmers may impede the market growth.

The towel warmers market analysis includes segmentation by product (electric and hydraulic) and geography (Europe, North America, APAC, South America, and MEA). The towel warmers market's growth-share by the electric towel warmer segment will be significant for revenue generation. The primary factor that contributes to the growth-share of the market in this segment includes the booming acceptance of electric towel warmers across the commercial sector. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

The towel warmers market is fragmented, and the vendors are deploying growth strategies such as new product launches and collaborations to gain a competitive advantage over their competitors in the market.

• Apollo Radiators Ltd
• Korado a.s.
• Pitacs Ltd.
• PORCELANOSA Grupo AIE
• Radox Radiators Ltd.
• Rettig USA INC
• St.Lawrence (Tangshan) Metal Products Co. Ltd
• Stelrad Radiator Group Ltd.
• Vogue (UK) Ltd.
• Zehnder Group AG

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