Towel Warmer Market Size, Type, Application, Growth, Opportunity and Forecast to 2027 – Hunter Women’s Chronicle
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An analysis of the towel warmer market. Heated towel rails are a type of heating system that uses electrical energy to heat water in a towel rail, which then heats the towels on the rail. This report will break down the Towel Rail market into different types, applications and future forecast.
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The global heated towel rail market is expected to reach USD 3.78 billion by 2027, growing at a CAGR of 5.1% from 2017 to 2027. To meet the growing requirement for an efficient and hygienic, this market is expected to maintain its growth in the coming years.
Towel Warmer Market Size
The towel warmer market size is expected to reach USD 2.78 billion by 2027, growing at a CAGR of 13.3%. The market is dominated by North America with most of this region. The North America towel warmer market is expected to grow at a CAGR of 17.1% during the forecast period.
Towel Warmer Market Type
The towel warmer market is expected to reach $1,154.8 million by 2027, with the LED light industry holding around $935.8 million in market share, due to its better thermal performance and efficiency.
Application in the towel dryer market
There is Towel Warmer Market size, type, application, growth, opportunity and forecast to 2027. This report includes the Towel Warmer Market data by component type, industry end use and region.
Towel dryer growth
This report presents the global heated towel rail market size, type, application and growth opportunities in each segment from 2013 to 2027. In a segmented market, heated towel rail is widely used in hotels, restaurants, motels and other functional areas. The global towel warmer market size is at the high end of the forecast range with a value of $2.26 billion by 2027.
Opportunities in the towel warmer market
The global towel warmer market size is expected to grow from USD 3.8 billion in 2018 to USD 5.2 billion by 2027, at a compound annual growth rate (CAGR) of 8.5% during the period forecast. The towel warmer market has witnessed intense competition among players owing to their efforts to pioneer their own technologies and product innovation, which has resulted in a race for faster production and to better quality services.
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Towel Warmer Market Forecast to 2027
The towel warmer market size has been estimated at USD 7,100. The growing demand for heated towel rails is expected to grow at a CAGR of 8.7% from 2018 to 2027. Heated towel rails are used in the hospitality industry and hotel spas for purposes of relaxation and soothing experiences.