This report was recently updated on July 20 2024 with the latest and most recent
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Global Towel Warmer Radiators Market Size, Trends, and Analysis- Forecasts To 2026 By Type (Electric, Hydronic), By Application (Commercial, Household) By Metal Type (Steel, Stainless Steel, Aluminium, Brass, Others), By Installation Type (Wall-Mounted, Vertical, Horizontal, Floor-Standing, Ceiling-Suspended), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
A towel warmer radiators are used to dry the towels and fabrics. It is an advanced technology used to heat towels in the bathroom. The towel warmer radiators market will grow at a high CAGR from 2021-2026, due to the growing demand from end-use industries. The growing urbanization, changing lifestyle, increasing home renovation activities, and increasing awareness about personal and toiletry hygiene are the key driving factors supporting the market growth from 2021-2026. However, high installation cost and fluctuation in raw material prices such as steel, aluminium, and brass among others are restraining the market growth.
Based on the type, the market is divided into electric and hydronic. The electric-based towel warmers will lead the market and generate heavy revenue during the forecast period. Electric-based towel warmers are widely preferred across the end-use industries because they are easy to install, easy to use, and consume low energy. Towel warmers reduce the laundry chargers and save water and hence they are highly preferred. The growing installation of solar power panels in the Asian and African regions is also propelling the market growth for towel warmers.
Based on the application, the market is segregated into commercial and residential. The hotels, hospitals, spas, and gyms are the sub-segments of the commercial segment. The commercial segment holds a major share. The growing number of hotels and spas in both developing and developed economies and growing tourism globally are boosting the market growth.
Based on the region study, the European region is leading the market and holds a major share. The presence of prominent players including Radox Radiators Ltd., the korado Group, and Stelrad Radiator Group among others is boosting the regional growth. High adoption of products due to extreme climatic conditions in the region is also driving the market growth. The growing European tourism along with growing demand for heating systems in the hotels and hospitals are positively driving regional growth.
The prominent players in the market are TUBES, Archiproducts, Rettig ICC, Vogue, Radox Radiators, AEON, Apollo Radiators. St. Lawrence, Runtal Radiators, Stylish Radiat., Amba Products, Stelrad Radiators, Mario, and Zhejiang Homebase Intelligent Technology Co., Ltd among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Towel Warmer Radiators Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Towel Warmer Radiators Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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