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Global Towel Rack Market - Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Towel Rack Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 4.35% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 560.21 Million
Diagram Market Size (Forecast Year) USD 787.57 Million
Diagram CAGR 4.35%

Global Towel Rack Market, By Type (Conventional, Heated Towel Rack), Product Type (Towel Hooks, Towel Rings, Towel Valets, Towel Bars, Towel Racks and Towel Shelves), Material (Metal, Wooden, Glass, Plastic, Ceramic, Others), Installation (Wall-Mounted, Floor Standing, Ceiling, Others), Distribution Channel (E-Commerce, Distributor/Wholesaler/Retailer), End-User (Residential and Commercial) - Industry Trends and Forecast to 2030.

Towel Rack Market

Towel Rack Market Analysis and Size

A towel rack is a rack or equipment used to store or hold towels. A heated towel rack keeps towels warm and dry while being ecologically friendly. Heated towel racks are becoming increasingly popular as technology and design progress. The racks complement modern bathroom designs and are more appealing than standard radiators. As a result, they are likely to be the favored option in modern restrooms. The worldwide global towel rack market is being driven by increased demand for innovative bathroom models.

Data Bridge Market Research analyses that the global towel rack market which was USD 560.21 million in 2022, is expected to reach USD 787.57 million by 2030, and is expected to undergo a CAGR of 4.35% during the forecast period of 2023 to 2030.  “Conventional” dominates the type segment of the global towel rack market due to its offer space efficiency, organization, and versatility while contributing to the overall aesthetics of bathroom. They are practical, cost-effective, and help keep towels dry and accessible. The choice of towel rack type and style should align with specific bathroom design and needs. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Towel Rack Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Conventional, Heated Towel Rack), Product Type (Towel Hooks, Towel Rings, Towel Valets, Towel Bars, Towel Racks and Towel Shelves), Material (Metal, Wooden, Glass, Plastic, Ceramic, Others), Installation (Wall-Mounted, Floor Standing, Ceiling, Others), Distribution Channel (E-Commerce, Distributor/Wholesaler/Retailer), End-User (Residential and Commercial)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Amba Products, Inc. (U.S.), WarmlyYours.com, Inc. (U.S.), Warmrails (U.S.), Vogue (U.K.) Ltd (U.K.), MARGAROLI SRL (Italy), Zehnder Group AG (Switzerland), Ecolec (U.K.), Kudox (U.K.), Jeeves, ADIGE Towel Radiators (South Africa), Bathroom Butler (South Africa), Jaquar (India), Hindware Homes (India), Kohler Co. (U.S.), RAK CERAMICS (U.A.E.), Porcelanosa Group (Spain), MYSON (U.K.), Pitacs Limited (U.K.), and Radox Radiators Ltd (U.K.)

Market Opportunities

  • Continuous innovation in towel rack design, including eco-friendly materials and smart towel racks
  • Offering customized/personalized bathroom designs
  • Sustainable tower rack materials and production processes

Market Definition

Towel racks are bathroom fixtures designed to hold and organize towels. They typically consist of horizontal bars or rods that are mounted on walls, doors, or freestanding structures. Towel racks serve the primary purpose of keeping towels neatly hung and easily accessible. They are available in various sizes and configurations to accommodate different towel types, such as hand towels and bath towels. Towel racks are often made from materials like metal, stainless steel, or wood, and they come in a range of finishes to complement bathroom decor. They play a crucial role in promoting towel hygiene by allowing towels to dry effectively, reducing the risk of mustiness and odors. Towel racks are practical and space-saving additions to bathrooms, providing a tidy and organized look. They can also contribute to the overall aesthetics of the bathroom with their design and finish options. Towel racks are a popular choice for both residential and commercial bathrooms due to their functionality and versatility.

Global Towel Rack Market Dynamics

Drivers

  • Increasing Urbanization

Urbanization often leads to the construction of smaller living spaces, such as apartments and condominiums, where optimizing space becomes crucial. In smaller bathrooms, homeowners and residents prioritize efficient storage solutions to make the most of the available space. Towel racks offer a practical way to hang and organize towels without taking up valuable floor space. In urban areas, vertical living arrangements are common, with multiple floors in residential buildings. Towel racks are essential for bathrooms on upper floors, where residents need a convenient place to hang and dry towels after use.

Urban living often reflects modern and contemporary design trends. Towel racks come in various stylish and sleek designs that align with these aesthetics, making them a preferred choice for urban homeowners and residents looking to enhance the visual appeal of their bathrooms. High-end urban development’s often include luxury amenities and features in bathrooms. High-quality towel racks, sometimes in the form of heated towel racks, are considered upscale additions to these luxurious living spaces, driving demand for premium products.

Increasing urbanization brings with it the need for efficient storage solutions in smaller, vertical living spaces. Towel racks fulfill this need by offering practical, space-saving, and aesthetically pleasing options for towel storage and drying. As more people move into urban areas, the demand for towel racks is expected to continue to grow, making urbanization a significant driver for the global towel racks market.

  • Growing Awareness of Hygiene 

In recent years, there has been a heightened awareness of the importance of cleanliness and hygiene, driven in part by public health concerns. Individuals are now more conscious of maintaining personal hygiene practices. Hygiene-conscious consumers recognize the importance of drying towels properly to prevent the growth of bacteria, mold, and unpleasant odors. Towel racks provide a designated place for towels to hang and air dry effectively, reducing the risk of microbial contamination. The awareness of cross-contamination has increased, leading individuals to seek ways to prevent the transfer of germs and pathogens. Towel racks help keep towels separate and organized, reducing the chances of cross-contamination in bathrooms.

The focus on health and wellness has grown, leading consumers to adopt practices that promote overall well-being. Using clean and dry towels is seen as a hygiene best practice, and towel racks support this by ensuring towels remain dry and ready for use. In healthcare facilities, where infection control is a top priority, the proper drying of reusable towels on racks helps minimize the risk of contamination and infection transmission.

The growing awareness of hygiene has shifted consumer preferences toward towel racks as an essential bathroom accessory. Towel racks are seen as a hygiene-enhancing solution that supports proper towel drying and storage, ultimately contributing to the maintenance of a clean and healthy environment. This awareness of hygiene is expected to continue driving demand for towel racks in both residential and commercial settings.

Opportunity

  • Continuous Innovation in Towel Rack Design

Towel rack manufacturers can capitalize on the trend of customization and personalization. Offering consumers, the ability to choose the size, style, material, and finish of their towel racks allows for unique and tailored bathroom solutions. Personalized towel racks can match individual preferences and bathroom decor, creating a sense of ownership and exclusivity. Innovation in towel rack design includes the integration of smart features. Smart towel racks can include heating elements to keep towels warm, timers for automated drying, or even built-in UV-C sterilization to enhance hygiene. These innovative features cater to tech-savvy consumers looking for convenience and efficiency in their bathroom accessories.

Towel rack innovation extends to mounting solutions. Magnetic, adhesive, or suction-based mounting systems provide alternatives to traditional drilling and bolting, making installation easier and more flexible. These innovations appeal to renters and homeowners alike. Towel rack designs can be integrated with other bathroom accessories, such as toilet paper holders, soap dispensers, or shelves, creating cohesive and space-saving bathroom solutions.

Innovation in towel rack design offers a wide range of opportunities for manufacturers to cater to diverse consumer preferences. From customization and personalization to smart features and sustainable materials, innovative designs can help companies stand out in the market and meet the evolving demands of consumers seeking both functionality and aesthetics in their bathroom accessories.

Restraint/Challenge

  • Price Sensitivity Has a Significant Impact on Consumer Purchasing Decisions

Many consumers have budget limitations when it comes to home improvement and bathroom accessories. Price-sensitive consumers prioritize cost-effective solutions and may be hesitant to invest in premium or high-priced towel racks, especially if they perceive them as non-essential items. Economic conditions, including recessions or financial instability, can heighten price sensitivity. During economic downturns, consumers may become more frugal and cautious with their spending, leading them to opt for lower-cost or DIY towel rack options instead of premium products.

Price sensitivity poses a challenge for towel rack manufacturers as it influences consumer purchasing behavior and their willingness to invest in higher-priced products. Manufacturers must strike a balance between offering affordable options for price-sensitive consumers and providing premium products with added value to cater to a broader range of customers.

This global towel rack market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global towel rack market Contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In November 2021, Amba Products has introduced the Jeeves Wet-Rated Kit. A UL-certified upgrade kit designed for installation of any Jeeves Collection towel warmer in wet areas. American consumers are looking to make their bathrooms more functional while adding touches of comfort throughout. The Jeeves Wet-Rated Kit will allow homeowners to install Jeeves heated towel racks not only inside wet rooms but in shower alcoves and walk-in shower stalls as well as above bathtubs - further contributing to the luxury and warmth of the bathroom.

Global Towel Rack Market Scope

The global towel rack market is segmented on the basis of type, product type, material, installation, distribution channel, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Conventional
  • Heated Towel Rack

Product Type

  • Towel Hooks
  • Towel Rings
  • Towel Valets
  • Towel Bars
  • Towel Racks
  • Towel Shelves

Material

  • Metal
  • Wooden
  • Glass
  • Plastic
  • Ceramic
  • Others

Installation

  • Wall-Mounted
  • Floor Standing
  • Ceiling
  • Others

Distribution Channel

  • E-Commerce
  • Distributor/Wholesaler/Retailer

End-User

  • Residential
  • Commercial

Global Towel Rack Market Regional Analysis/Insights

The global towel rack market is analysed and market size insights and trends are provided by type, product type, material, installation, distribution channel, and end-user are referenced above.

 The countries covered in the global towel rack market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.

Europe dominates the global towel rack market due to the rise in the acceptance rate of the product. Asia-Pacific is projected to observe a significant amount of growth in the global towel rack market due to the growing development in the infrastructural development across the advancing countries. Moreover, the rise in the construction activities are residential construction, hotels, social infrastructure, and hospitals are further anticipated to propel the growth of the global towel rack market in the region in the coming years. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Towel Rack Market Share Analysis

The global towel rack market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global towel rack market.

Some of the major players operating in the global towel rack market are:

  • Amba Products, Inc. (U.S.)
  • WarmlyYours.com, Inc. (U.S.)
  • Warmrails (U.S.)
  • Vogue (U.K.) Ltd (U.K.)
  • MARGAROLI SRL (Italy)
  • Zehnder Group AG (Switzerland)
  • Ecolec (U.K.)
  • Kudox (U.K.)
  • Jeeves, ADIGE Towel Radiators (South Africa)
  • Bathroom Butler (South Africa)
  • Jaquar (India)
  • Hindware Homes (India)
  • Kohler Co. (U.S.)
  • RAK CERAMICS (U.A.E.)
  • Porcelanosa Group (Spain)
  • MYSON (U.K.)
  • Pitacs Limited (U.K.)
  • Radox Radiators Ltd (U.K.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The towel rack market size will be worth USD 787.57 million by 2030.
The growth rate of the towel rack market is 4.5% in the forecast period by 2030.
Increasing urbanization & growing awareness of hygiene are the growth drivers of the towel rack market.
Type, product type, material, installation, distribution channel, and end-user are the factors on which the towel rack market research is based.
Major companies in the towel rack market are Amba Products, Inc. (U.S.), WarmlyYours.com, Inc. (U.S.), Warmrails (U.S.), and Vogue (U.K.) Ltd (U.K.), MARGAROLI SRL (Italy), Zehnder Group AG (Switzerland), Ecolec (U.K.), Kudox (U.K.), Jeeves, ADIGE Towel Radiators (South Africa), Bathroom Butler (South Africa), Jaquar (India), Hindware Homes (India), Kohler Co. (U.S.), RAK CERAMICS (U.A.E.), Porcelanosa Group (Spain), MYSON (U.K.), Pitacs Limited (U.K.), and Radox Radiators Ltd (U.K.)
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