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A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the North America Shower Glass Door Market was worth USD 3.74 billion in the year 2021. The market is projected to grow at a CAGR of 8.4% earning revenues of around USD 6.55 billion by the end of 2028.
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North America Shower Glass Door Market, By Product, Share, Trend Analysis, Opportunity and Forecast Report, 2022-2028
North America Shower Glass Door Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the North America Shower Glass DoorMarket was worth USD 3.74 billion in the year 2021. The market is projected to grow at a CAGR of 8.4% earning revenues of around USD 6.55 billion by the end of 2028. The North America Shower Glass Door Market is booming owing to growing urbanization in major U.S. cities, expansion of the real estate industry, growth in the tourism and hospitality industries, and increased usage of smart shower glass doors. Lockdowns and partial industrial closures have harmed manufacturing facilities in the country's key regions during the current COVID-19 outbreak.
Growth Drivers Rapid Urbanization Drives Up Demand for Shower Glass Doors The demand for shower glass doors has increased dramatically as a result of rising urbanization. Greater growth is being seen in urban areas than in rural areas. By 2050, around 68% of the world's population is anticipated to reside in urban areas, according to the UN Department of Economic and Social Affairs (UNDESA) 2018 Revision of World Urbanization Prospects. With 82% of its people residing in urban areas, North America is the region with the highest urbanization rate. Because of the accelerating urbanization in the U.S., more people are making investments in infrastructure, including homes, businesses, and factories, which is fueling the market's rapid expansion.
Restraints High Purchase and Installation Expenses for Environmentally Friendly Doors The doors market has undergone numerous changes and developments in terms of technologies and uses. Compared to materials used to create standard doors, like uPVC doors, eco-friendly materials are more expensive. Leadership in Energy and Environmental Design (LEED), for instance, is a building certification system developed by the US Green Building Council that certifies and maintains energy savings, carbon dioxide emissions reduction, cheaper heating, and enhanced interior environmental quality. For instance, patio doors with double or triple paneled glass are an energy-efficient choice since they prevent heat and coolness from escaping. Thermal break frames act as a barrier to stop the loss of heat and cool.
Impact of COVID-19 The COVID-19 epidemic has reduced demand for both residential and non-residential shower glass door facilities. The pandemic has had a negative influence on both new buildings and the aftermarket. Construction work was first halted completely, but in the third quarter, it was allowed to resume using COVID-19 operational tactics. The key industry hurdles after unlocking are labor availability, raw material supply, and price. The pandemic has harmed the global glass and other material industries, which is expected to impede the expansion of the doors industry. Sample Copy: https://www.blueweaveconsulting.com/report/north-america-shower-glass-door-market/report-sample
By Region Geographically, the North America Shower Glass DoorMarket is segmented into Canada and U.S. In recent years, the North American shower glass door market has seen the most growth in the United States. Furthermore, the market will increase at the fastest rate in the United States in the following years. This is because the country's urban population has increased dramatically in recent years as a result of increased employment possibilities and disposable income among residents. As a result, it is safe to predict that the market will expand dramatically in the next years, owing mostly to rising disposable income and the region's expanding urbanization rate.
Competitive Landscape The leading market players in the North America Shower Glass Door Market are Coastal Shower Doors, DreamLine Showers, Aston Global Inc, Basco Manufacturing Company, Kohler Co, VIGO Industries, American Standard Brand, MAAX Bath Inc, Masco Corporation, and other prominent players. The North America Shower Glass Door Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
Key Players Coastal Shower Doors, DreamLine Showers, Aston Global Inc, Basco Manufacturing Company, Kohler Co, VIGO Industries, American Standard Brand, MAAX Bath Inc, Masco Corporation, and other prominent players.
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