The increasing urbanization rate is fueling the demand for shower glass doors in the U.S. As per the 2018 Revision of World Urbanization Prospects by the United Nations Department of Economic and Social Affairs (UNDESA), by 2050, nearly 68% of the global population will live in urban areas. Additionally, the report also stated that North America is currently the world’s most urbanized region, with as much as 82% of its population residing in urban areas.
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Due to the growing urbanization rate, the number of people making huge investments in commercial, industrial, and residential setups in the U.S. is surging, which is, in turn, driving the growth of the U.S. shower glass door market. Besides this, the expansion of the real estate and tourism and hospitality industries is also fueling the demand for shower glass doors in the country. Shower glass doors are essential commodities in commercial and residential units such as resorts, hotels, apartments, and individual houses.
Moreover, houses equipped with stylish enclosures and shower doors attract a large number of customers, which, in turn, creates immense growth opportunities for real estate developers. Furthermore, the surge in the tourism and hospitality industry is also positively impacting the sales of shower glass doors in the country. As per a report published by the U.S. Travel Association, domestic travel in the U.S. grew by 1.7% in 2019, with 2.3 billion people travelling across the country during the year. This is fueling the construction of resorts and hotels, which is consequently pushing up the requirement for shower glass doors.
Due to the aforementioned factors, the U.S. shower glass door market revenue will rise from $3,188.3 million in 2019 to $6,781.9 million by 2030. The market will also exhibit a CAGR of 7.5% from 2020 to 2030, as per the estimates of the market research company, P&S Intelligence. Depending on product, the market is divided into framed and frameless products. Between these, the frameless product category is predicted to dominate the market in the upcoming years.
This will be because of the higher utilization of frameless and heavyweight shower glass doors, which are costlier than the framed variants. Additionally, frameless doors are available in several designs, which further boosts their popularity in the country. Geographically, the U.S. shower glass door market was dominated by the southern region during the last few years and this trend is predicted to continue in the upcoming years as well. This is credited to the soaring demand for slumped/textured glass, which utilizes the camouflage of texture techniques or paintings for hiding water marks and stains on the doors, in the region.
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Thus, it can be said without any doubt that the sales of shower glass doors will shoot up in the U.S. in the coming years, primarily because of the expansion of the real estate and tourism and hospitality industries and the increasing urbanization rate in the country.
SOURCE: P&S Intelligence