North America Shower Glass Door Market SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis, Emerging Trends, Key Players, Future Scope

The rapid urbanization in North America is leading to the construction of modern, luxurious bathrooms, which, in turn, has resulted in the wide adoption of shower glass doors. In recent years, the urban population has outgrown the rural population in the region, owing to which the installation of such doors has significantly increased. The 2018 Revision of World Urbanization Prospects by the United Nations Department of Economic and Social Affairs (UNDESA) states that nearly 82% of the population of North America resides in urban areas.

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Additionally, the expansion of the real estate industry will fuel the North American shower glass door market at a CAGR of 7.6% during 2021–2030. According to P&S Intelligence, the market valued $3,493.4 million in 2020,and it is projected to reach $7,151.7 million by 2030. Funding, in the form of home equity loans and line of credit (HELOCS) and traditional loans, creates lucrative opportunities for real estate investors. Moreover, government initiatives like the Investing in Canada Plan, are boosting the adoption of shower glass doors in this continent.

Currently, players in the North American shower glass door market are opting for product launches to attract more customers. For instance, in December 2019, Coastal Shower Doors launched a new range of glass doors under the shower barn door series, by adding modern aesthetics with industrial-style hardware to its Eclipse range. This series contains a frameless door, a frameless sliding panel, and three Gridscape door designs. Similarly, in July 2020, Manko Window Systems Inc. announced the launch of a new glass treatment technology, Diamon-Fusion, for its fabrication products.

Geographically, the U.S. adopted more shower glass doors in 2020, due to a significant surge in the urban population over the years on account of the rising employment and soaring disposable income. According to the World Bank, in 2019, nearly 82.4% of the U.S. population lived in cities in 2019, and this is expected to grow in the coming years. In recent years, the country has witnessed a considerable rise in the demand for slumped/textured glass due to its advantages like resistance to water and other stains.

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Thus, the rapid urbanization and real estate sector growth in North America will fuel the adoption of shower glass doors in the foreseeable future.

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This release was published on openPR.