Towel Warmer Market Size and Forecast to 2028
The towel warmer market was valued at US$ 608.50 million in 2021 and is projected to reach US$ 812.04 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.
A towel warmer, also known as towel rails radiator or heated towel rail, is an appliance designed to heat and warm towels before or after using them. It is a type of radiator used as a bathroom heater and for drying and heating towels. Towel warmers are available in two types—electric towel warmers and hydronic towel warmers.
In 2020, Europe dominated the global towel warmer market and is expected to continue its dominance during the forecast period. In Europe, towel warmers are increasingly used in hotels to prove luxurious and aesthetic visual appeal. The presence of a large number of commercial establishments, such as hotels, spas, and gyms, has propelled the demand for towel warmers, which is driving the growth of the towel warmer market in the region. According to the Global Wellness Institute report, in s2019, the number of spa establishments in Europe was 53,834, which leads to an increased demand for towel warmers. The rising presence of spa establishments in Europe would drive the market growth in the region during the forecast period.
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Towel Warmer Market: Strategic Insights
Market Size Value in US$ 608.50 million in 2021 Market Size Value by US$ 812.04 million by 2028 Growth rate CAGR of 4.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Towel Warmer Market: Strategic Insights
| Market Size Value in | US$ 608.50 million in 2021 |
| Market Size Value by | US$ 812.04 million by 2028 |
| Growth rate | CAGR of 4.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Insights
Growing Commercial Application Sector
The increased application of towel warmers in the commercial sector is driving the towel warmer market growth. The increased usage of towel warmers in spas and beauty salons for drying towels, blankets, and sheets is driving the market growth. The towel warmers in the spas are also used for keeping the humidity under control, which helps in enhancing customer service. In sports facilities and gyms, towel warmers are used in the locker rooms to dry damp towels and clothing and to restrict mold growth. The growing spa industry along with an increasing consumer awareness toward health and fitness activities has led to an increased presence of spas, gyms, and sports facilities across the world. Thus, an increased application of towel warmers in the commercial sector drives the growth of the towel warmer market.
Type Insights
Based on type, the towel warmer market is bifurcated into electric and hydronic. In 2020, the electric segment dominated the market. The electric towel warmer provides ease of usage and consumes low energy, which is among the major factors driving the demand for electric towel warmers. Due to the unavailability of a central heating system and lack of space, many business owners prefer purchasing countertop towel warmers with ease of portability. Therefore, electric towel warmers are mostly used in the commercial sector.
Apollo Radiators; KORADO, a.s.; Pitacs Limited; Radox Radiators Ltd; PORCELANOSA Grupo A.I.E.; Zehnder Group AG; Stelrad; VOGUE (UK) LTD.; St.Lawrence (Tangshan) Metal Products Co.,Ltd., and Purmo Group are among the key players operating in the towel warmer market. Major market players adopt strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer base.
Report Spotlights
- Progressive trends in the towel warmer industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global towel warmer market from 2019 to 2028
- Estimation of the demand for towel warmer across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and the demand for the towel warmer
- Market trends and outlook coupled with factors driving and restraining the growth of the towel warmer market
- Understanding regarding the strategies that underpin commercial interest with regard to the global towel warmer market growth, aiding in the decision-making process
- Towel warmer market size at various nodes of market
- Detailed overview and segmentation of the global towel warmer market as well as its industry dynamics
- Towel warmer market size in various regions with promising growth opportunities
Towel Warmer Market Report Scope
The “Global Towel Warmer Market Analysis to 2028” is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The towel warmer market is segmented on the basis of type, application, and geography. Based on type, the market is bifurcated into electric and hydronic. Based on application, the towel warmer market is bifurcated into commercial and residential. Based on geography, the towel warmer market is segmented into five main regions—North America, Europe, Asia-Pacific, Middle East and Africa, and South and Central America.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The rising urbanization and home remodeling activities is driving the demand for a towel warmer market. Along with this, the consumers have increased their spending on home remodeling activities, and according to Houzz, a home remodeling platform, the consumers have an increased focus on remodeling the bathrooms. Along with this, the growing application of towel warmers in the commercial sector is also driving the growth of the towel warmer market.
One of the future trends for the global towel warmer market is the innovation in products offered by various manufacturers. As the product is homogenous, most of the manufacturing companies are focusing on providing innovative and new products to the consumers so as to enhance the consumer’s experience along with providing a differential product offering than their competitors.
Based on application, the commercial segment accounted for the largest share in the global towel warmer market in 2020. The increased application of the towel warmer in the commercial sector is driving the growth of the commercial segment in the towel warmer market. Towel warmer is being increasingly used in commercial facilities such as hotels, spas, gyms, sports facilities, hospitals, among others. Along with this, the growing spa industry across the world is expected to lead to an increased demand for towel warmers.
Based on type, the electric segment accounts for the largest share in the global towel warmer market. Electric towel warmers are mostly used in the commercial sectors as most of the commercial facilities do not have a central heating system and due to lack of space, many business owners prefer purchasing countertop towel warmers with ease of portability. Along with this, the ease in installation, as well as lower consumption of energy, is driving the electric segment market.
The major players operating in the global towel warmer market are Apollo Radiators; KORADO, a.s.; Pitacs Limited; Radox Radiators Ltd; PORCELANOSA Grupo A.I.E.; Zehnder Group AG; Stelrad; VOGUE (UK) LTD.; St.Lawrence (Tangshan) Metal Products Co.,Ltd.; and Purmo Group.
During the forecast period, Europe is anticipated to account for the largest share of the global towel warmer market. Towel warmers are being increasingly used in hotels which helps in providing the consumers with a luxurious and aesthetic visual appeal. The presence of a large number of commercial establishments such as hotels, spas, gyms, have led to an increased demand for towel warmers, which is driving the growth of the towel warmer market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
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. Towel Warmer Market Landscape
4.1 Market Overview
4.2. Pest Analysis
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East And Africa - Pest Analysis
4.2.5 South And Central America - Pest Analysis
4.3. Expert Opinions
5. Towel Warmer Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Urbanization and Home Remodeling Activities
5.1.2 Growing Commercial Application Sector
5.2 Market Restraints
5.2.1 High Product Price
5.3 Market Opportunities
5.3.1 Surging Demand in Developing Economies
5.4 Future Trends
5.4.1 Product Innovation
5.5 Impact Analysis of Drivers and Restraint
6. Towel Warmer – Global Market Analysis
6.1 Towel Warmer Market Overview
6.2 Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning
7. Towel Warmer Market Analysis – By Type
7.1 Overview
7.2 Towel Warmer Market, By Type (2020 and 2028)
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. Towel Warmer Market Analysis – By Application
8.1 Overview
8.2 Towel Warmer Market, By Application (2020 and 2028)
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. Towel Warmer Market – Geographic Analysis
9.1 Overview
9.2 North America: Towel Warmer Market
9.2.1 North America: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Towel Warmer Market, By Type
9.2.3 North America: Towel Warmer Market, By Application
9.2.4 North America: Towel Warmer Market, by Key Country
9.2.4.1 US: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Towel Warmer Market, By Type
9.2.4.1.2 US: Towel Warmer Market, by Application
9.2.4.2 Canada: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Towel Warmer Market, By Type
9.2.4.2.2 Canada: Towel Warmer Market, by Application
9.2.4.3 Mexico: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Towel Warmer Market, By Type
9.2.4.3.2 Mexico: Towel Warmer Market, by Application
9.3 Europe: Towel Warmer Market
9.3.1 Europe: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Towel Warmer Market, By Type
9.3.3 Europe: Towel Warmer Market, By Application
9.3.4 Europe: Towel Warmer Market, by Key Country
9.3.4.1 Germany: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Towel Warmer Market, By Type
9.3.4.1.2 Germany: Towel Warmer Market, By Application
9.3.4.2 France: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Towel Warmer Market, By Type
9.3.4.2.2 France: Towel Warmer Market, By Application
9.3.4.3 Italy: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Towel Warmer Market, By Type
9.3.4.3.2 Italy: Towel Warmer Market, By Application
9.3.4.4 UK: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Towel Warmer Market, By Type
9.3.4.4.2 UK: Towel Warmer Market, By Application
9.3.4.5 Russia: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Towel Warmer Market, By Type
9.3.4.5.2 Russia: Towel Warmer Market, By Application
9.3.4.6 Rest of Europe: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Towel Warmer Market, By Type
9.3.4.6.2 Rest of Europe: Towel Warmer Market, By Application
9.4 Asia-Pacific: Towel Warmer market
9.4.1 Asia-Pacific: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: Towel Warmer Market, By Type
9.4.3 Asia-Pacific: Towel Warmer Market, By Application
9.4.4 Asia-Pacific: Towel Warmer Market, by Key Country
9.4.4.1 India: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 India: Towel Warmer Market, By Type
9.4.4.1.2 India: Towel Warmer Market, by Application
9.4.4.2 Australia: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 Australia: Towel Warmer Market, By Type
9.4.4.2.2 Australia: Towel Warmer Market, by Application
9.4.4.3 China: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 China: Towel Warmer Market, By Type
9.4.4.3.2 China: Towel Warmer Market, by Application
9.4.4.4 Japan: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Towel Warmer Market, By Type
9.4.4.4.2 Japan: Towel Warmer Market, by Application
9.4.4.5 South Korea: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Towel Warmer Market, By Type
9.4.4.5.2 South Korea: Towel Warmer Market, by Application
9.4.4.6 Rest of Asia-Pacific: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: Towel Warmer Market, By Type
9.4.4.6.2 Rest of Asia-Pacific: Towel Warmer Market, by Application
9.5 Middle East & Africa: Towel Warmer Market
9.5.1 Middle East & Africa: Towel Warmer Market – Revenue and Forecast to 2028(US$ Million)
9.5.2 Middle East & Africa: Towel Warmer Market, By Type
9.5.3 Middle East & Africa: Towel Warmer Market, by Application
9.5.4 Middle East & Africa: Towel Warmer Market, by Key Country
9.5.4.1 South Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Towel Warmer Market, By Type
9.5.4.1.2 South Africa: Towel Warmer Market, by Application
9.5.4.2 Saudi Arabia: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Towel Warmer Market, By Type
9.5.4.2.2 Saudi Arabia: Towel Warmer Market, by Application
9.5.4.3 UAE: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Towel Warmer Market, By Type
9.5.4.3.2 UAE: Towel Warmer Market, by Application
9.5.4.4 Rest of the Middle East and Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: Towel Warmer Market, By Type
9.5.4.4.2 Rest of the Middle East and Africa: Towel Warmer Market, by Application
9.6 South and Central America: Towel Warmer Market
9.6.1 South America: Towel Warmer Market – Revenue and Forecast to 2028(US$ Million)
9.6.2 South America: Towel Warmer Market, By Type
9.6.3 South America: Towel Warmer Market, by Application
9.6.4 South America: Towel Warmer Market, by Key Country
9.6.4.1 Brazil: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Towel Warmer Market, By Type
9.6.4.1.2 Brazil: Towel Warmer Market, by Application
9.6.4.2 Argentina: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Towel Warmer Market, By Type
9.6.4.2.2 Argentina: Towel Warmer Market, by Application
9.6.4.3 Rest of South and Central America: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Towel Warmer Market, By Type
9.6.4.3.2 Rest of South and Central America: Towel Warmer Market, by Application
10. Overview- Impact of Coronavirus Outbreak
10.1 Impact of COVID-19 on Towel Warmer Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Apollo Radiators
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 KORADO, a.s.
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 Purmo Group
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 Pitacs Limited
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 PORCELANOSA Grupo A.I.E.
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
11.6 Radox Radiators Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Zehnder Group AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 St. Lawrence (Tangshan) Metal Products Co., Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Stelrad
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 VOGUE (UK) Ltd.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Applications of Towel Warmer
Table 2. Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia-Pacific Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia-Pacific Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. India Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. India Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Australia Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. China Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. China Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia-Pacific Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia-Pacific Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. Middle East & Africa Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East & Africa Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of the Middle East and Africa Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of the Middle East and Africa Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. South America Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. South America Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of South and Central America Towel Warmer Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South and Central America Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 57. Glossary of Terms, Towel Warmer Market
LIST OF FIGURES
Figure 1. Towel Warmer Market Segmentation
Figure 2. Towel Warmer Market Segmentation – By Geography
Figure 3. Global Towel Warmer Market Overview
Figure 4. Electric Segment Held the Largest Share of Global Towel Warmer Market
Figure 5. Europe Region Held Largest Share of Global Towel Warmer Market
Figure 6. Global Towel Warmer Market, Key Market Players
Figure 7. PEST Analysis for Towel Warmer Market
Figure 8. Expert Opinion
Figure 9. Towel Warmer Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Towel Warmer Market
Figure 11. Global: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Towel Warmer Market Revenue Share, By Type (2020 and 2028)
Figure 13. Electric: Towel Warmer Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Hydronic: Towel Warmer Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Towel Warmer Market Revenue Share, By Application (2020 and 2028)
Figure 16. Residential: Towel Warmer Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Commercial: Towel Warmer Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Global Towel Warmer Market Revenue Share, By Region (2020 and 2028)
Figure 19. North America: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: Towel Warmer Market Revenue Share, By Type (2020 and 2028)
Figure 21. North America: Towel Warmer Market Revenue Share, by Application (2020 and 2028)
Figure 22. North America: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: Towel Warmer Market Revenue Share, By Type (2020 and 2028)
Figure 28. Europe: Towel Warmer Market Revenue Share, By Application (2020 and 2028)
Figure 29. Europe: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 30. Germany: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. France: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Italy: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. UK: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Russia: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Europe: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Asia-Pacific: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Asia-Pacific: Towel Warmer Market Revenue Share, By Type (2020 and 2028)
Figure 38. Asia-Pacific: Towel Warmer Market Revenue Share, by Application (2020 and 2028)
Figure 39. Asia-Pacific: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 40. India: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Australia: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. China: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Japan: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. South Korea: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Asia-Pacific: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Middle East & Africa: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Middle East & Africa: Towel Warmer Market Revenue Share, By Type (2020 and 2028)
Figure 48. Middle East & Africa: Towel Warmer Market Revenue Share, by Application (2020 and 2028)
Figure 49. Middle East & Africa: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 50. South Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Saudi Arabia: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. UAE: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of the Middle East and Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. South America: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. South America: Towel Warmer Market Revenue Share, By Type (2020 and 2028)
Figure 56. South America: Towel Warmer Market Revenue Share, by Application (2020 and 2028)
Figure 57. South America: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 58. Brazil: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Argentina: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of South and Central America: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. Impact of COVID-19 Pandemic in North America
Figure 62. Impact of COVID-19 Pandemic in Europe
Figure 63. Impact of COVID-19 Pandemic in Asia-Pacific
Figure 64. Impact of COVID-19 Pandemic in the Middle East & Africa
Figure 65. Impact of COVID-19 Pandemic in South and Central America
The List of Companies - Towel Warmer Market
- Apollo Radiators
- KORADO, a.s.
- Pitacs Limited
- Radox Radiators Ltd
- PORCELANOSA Grupo A.I.E.
- Zehnder Group AG
- Stelrad
- VOGUE (UK) LTD.
- St.Lawrence (Tangshan) Metal Products Co.,Ltd.
- Purmo Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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