This market analysis by Technavio provides a detailed analysis of the key drivers, challenges, and upcoming trends that influence market growth. It also presents a detailed analysis and segmentation of the global showerhead and panel market by geography, including APAC, EMEA, and the Americas. Key vendors in this market are Grohe, Hansgrohe, Jaquar, Kohler, and VitrA.
Technavio’s market research analysts estimate the global shower head and panel market, to grow at a CAGR of around 4% between 2016 and 2020. Rapid urbanization and growing awareness pertaining to energy and water conservation are the two major factors that bolster growth in this market. APAC is the fastest-growing region in the global shower head and panel market. The presence of fast-growing economies in this region coupled with the growing preference for affordable housing is expected to incite market growth in this region during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the shower head and panel segments by technology.
“Augmented usage of brass showerheads and panels are rapidly gaining popularity in this market as they are more durable than conventional showerheads and panels. Since bathrooms get very humid after a steam or hot bath, materials like brass or chrome plated brass showerheads are rapidly gaining acceptance as they are less prone to rusting. Moreover, factors like its cost effectiveness and its ease of styling have resulted in its augmented implementation,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research.
Consumers are opting for showerheads and panels, owing to its increasing energy and water efficiency. Vendors are manufacturing energy-efficient and eco-friendly shower systems with re-circulation capabilities. Such shower systems are generally preferred in green buildings, where the water used for bathing is processed and resupplied to the house for secondary purposes like washing and cleaning, which results in the conservation of water.
The leading vendors in the global shower head and panel market include Grohe, Hansgrohe, Jaquar, Kohler, and VitrA. This market consists of numerous large and regional vendors that increasingly compete with each other to gain maximum market prominence during the forecast period. The large vendors in this market face intense competition from the regional vendors as they have the capacity to develop inexpensive products. Income distribution and the difference in bathing activities are the two significant factors that are expected to influence the market shares of vendors during the forecast period.
A more detailed analysis is available in the Technavio report, Global Showerhead and Panel Market 2016-2020.
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