Linear Shower Drains Market to Reach US$1.2 Billion by 2030: New Report
The global linear shower drains market is poised for substantial growth, with market size projected to jump from US$0.735 billion in 2022 to US$1.2 billion by the end of 2030. A new market research report indicates that the industry is set to experience a Compound Annual Growth Rate (CAGR) of 7.2% between 2023 and 2030. This impressive growth can be attributed to several key factors.
Increased Construction Projects amid Rapidly Rising Population
One of the primary drivers of the linear shower drains market is the surge in construction projects worldwide, driven by urbanization and population growth. The demand for linear shower drains is rising in both residential and commercial settings, including hotels, industries, hospitals, public transportation hubs, and academic institutions. Investments in advanced plumbing solutions have increased as modern consumers seek sophisticated sanitation solutions.
Exploding Hospitality Industry
The global tourism and hospitality sectors are expanding, leading to the construction of new public facilities in various locations. As per the India Brand Equity Foundation (IBEF), the travel and tourism sector contributed US$178 billion to the GDP in 2021 and is expected to reach US$512 billion by 2028. This growth indirectly influences the demand for shower drains in the commercial sector, as hotels and resorts adopt the latest plumbing fixtures to enhance customer experiences.
Rising Standard of Living
Increasing living standards in modern economies are driving the demand for home sanitation products and services. Luxury bathrooms have become a status symbol, and consumers are willing to invest more in creating opulent bathroom spaces to maintain their standard of living.
Key Growth Barriers
While the linear shower drains market is set for significant growth, there are some challenges to consider, including product premiumization. Linear shower drains often come at a higher cost compared to traditional center drains, both in terms of product price and installation labor.
Key Trends and Opportunities to Look at
The report highlights key trends in the linear shower drains market, including the growing popularity of wetroom-styled bathrooms, increased emphasis on safety and accessibility, and the demand for luxury bathroom designs. Linear drains offer flexibility and functionality that align with these trends.
Regional Frontrunners
Asia Pacific is expected to be a dominant player in the linear shower drains market, driven by expanding economies like China, Japan, and India, along with increased residential and commercial construction projects.
North America is another region with lucrative opportunities, as consumers appreciate the easy maintenance and durability of linear drains, which help prevent clogged pipes.
Leaders in Global Linear Shower Drains Space
The global linear shower drains market is a consolidated market with a few major players, including Geberit, Sioux Chief Mfg, Zurn Industries, McWane, TECE, OMP Tea, Unidrain A/S, Schluter-Systems, Aliaxis, Watts Water Technologies, Jay R. Smith Mfg, KESSEL AG, ACO, ESS, Gridiron SpA, Jomoo, Ferplast Srl, Viega, AWI, and more.
In conclusion, the global linear shower drains market is on an upward trajectory, driven by increased construction projects, the hospitality industry boom, and rising living standards. Despite some barriers, the market is expected to witness significant growth in the coming years, making it an attractive sector for investors and industry players.
Global Linear Shower Drains Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 (By Type Coverage, By Application Coverage, By Geographic Coverage and Leading Companies) https://www.fairfieldmarketresearch.com/report/linear-shower-drains-market
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