Press release
South America Towel Warmer Market Market 2022 - Research Report, Demand, Price, By Application, Region and Forecast to 2028 with Top Most Players: Purmo Group, Zehnder Group AG., KORADO
The Towel Warmer market in South America is expected to grow from US$ 2,669.64 million in 2021 to The towel warmer market in South America is expected to grow US$ 16.06 million in 2021 to US$ 21.11 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.In recent years, there have been various technological advancements in the towel warmer market. The manufacturing companies are increasing their focus on innovation and providing new products to enhance the customer's experience. The company Atlantic developed SERENIS premium towel warmer, which is equipped with a high-definition audio system that helps in enhancing the customer experience by combing heating and music. Along with this, the towel warmer can automatically adjust its temperature depending upon the occupancy of the bathroom. It also includes connectivity and intelligent control for optimal comfort and energy savings. The increased adoption of smart homes and increasing demand for smart home appliances have also led to smart innovation in the towel warmer market. Thus, the rise in product innovations is leading to an increasing trend. Over the next few years, the towel warmer market is expected to foresee more product innovations.
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South America Towel Warmer Market Segment by Manufacturers includes:
Purmo Group; Zehnder Group AG.; KORADO, a.s.; St.Lawrence Metal Products Co., Ltd.; and PORCELANOSA Grupo A.I.E.
South America Towel Warmer Market - By Type
• Hydronic
• Electric
South America Towel Warmer Market - By Application
• Residential
• Commercial
South America Towel Warmer Market - By Country
• Brazil
• Argentina
• Rest of SAM
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The towel warmer market in South America is distributed across Brazil, Argentina, and the Rest of SAM. The market in SAM is in the nascent and developing stage. However, the region is anticipated to provide ample growth opportunities for this market over the next few years. The post-COVID-19 pandemic era has increased health awareness among consumers, and people are maintaining hygiene in the home, including the washroom. Hence, the demand for towel warmers is expected to increase in the region over the next few years.
Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the South America Towel Warmer Market.
• Key market trends cracking up the growth of the South America Towel Warmer Market.
• Challenges to market growth.
• Key vendors of South America Towel Warmer Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in South America Towel Warmer Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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