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Towel Warmers Industry Outlook 2025-2029: Market Set to Cross $1.06 Billion Milestone
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Towel Warmers Market Size By 2025?
The market for towel warmers has seen considerable growth in the previous years. The market is predicted to expand from a size of $0.69 billion in 2024 to a projected $0.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. This historic growth can be credited to an upsurge in domestic refurbishment actions, an increase in disposable income, heightened awareness regarding luxurious bathroom fittings, extension in the hospitality segment, and a rise in housing suited for colder climates.
How Big Is the Towel Warmers Market Size Expected to Grow by 2029?
The market for towel warmers is projected to experience solid growth in the upcoming years, reaching a value of $1.06 billion by 2029 with a CAGR of 8.7%. This anticipated growth during the forecast period can be credited to a rise in smart home setups, increasing demand for green solutions, growth in real estate developments, an uptick in sales of luxury bathroom products, and enhanced understanding of hygiene and comfort. The forecast period is set to witness trends such as improvements in heating system technology, product design creativity, integration into smart home networks, amplified research and development efforts, and the creation of more energy conservative models.
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Which Key Market Drivers Powering Towel Warmers Market Expansion and Growth?
The escalation in home makeover activities is set to energize the growth trajectory of the towel warmers market. These makeover activities encompass the enhancement or revamping of a home's structure, design, or features. The surge in such activities is primarily propelled by an increase in disposable incomes. This greater financial leverage allows homeowners to designate more resources towards refurbishing, reworking, and improving their living areas. Towel warmers contribute to these makeover activities by lending a festive flair of luxury and practicality to bathrooms, thereby augmenting comfort, energy effectiveness, and total property value. For example, in 2023, according to Houzz, a software development platform from the US, renovations specifically aimed at kitchens and bathrooms retained their popularity, with a larger fraction of homeowners choosing to update these areas in 2022 (28% for kitchens and 25% for bathrooms) when compared to 2021 (27% and 24% respectively). As such, the rise in home makeover activities is spurring the growth of the towel warmers market.
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Which Fast-Growing Trends Are Poised to Disrupt the Towel Warmers Market?
Leading corporations in the towel warmers market are directing their efforts towards the creation of advanced products such as hybrid and energy-efficient domestic appliances. This increases their efficiency, adaptability, and attractiveness to environmentally aware consumers. Hybrid and energy-efficient domestic appliances are engineered to function through multiple energy sources or systems while maintaining low energy consumption. An example of this would be dual connection towel warmers that merge electrical and hydronic systems to deliver an adaptable, economical performance. To illustrate, in June 2022, WarmlyYours.com, Inc., an American firm that specializes in radiant heating solutions, unveiled dual connection towel warmers. These offer customers a choice of easy-to-use plug-in and hardwired setups, giving them the option of convenience or a long-lasting, elegant aspect without sacrificing safety or certification. Additional features include cetlus safety certification, a LED power switch, overheat safeguarding with tempsmart, and an aesthetically pleasing, streamlined design.
What Are the Emerging Segments in the Towel Warmers Market?
The towel warmers market covered in this report is segmented -
1) By Product Type: Freestanding Towel Warmers, Wall-Mounted Towel Warmers, Plug-In Towel Warmers, Hard-Wired Towel Warmers, Ladder Towel Warmers, Designer Towel Warmers
2) By Material: Stainless steel, Aluminum, Brass, Plastic
3) By Heating Mechanism: Electric Heating, Water-Based Heating, Dual Fuel Heating, Infrared Heating
4) By End User: Residential, Commercial, Hospitality, Healthcare Facilities
Subsegments:
1) By Freestanding Towel Warmers: Portable Freestanding Units, Compact Freestanding Warmers, Luxury Freestanding Designs, Multi-Bar Freestanding Models
2) By Wall-Mounted Towel Warmers: Fixed Wall-Mounted Units, Swivel Wall-Mounted Models, Vertical Wall-Mounted Bars, Space-Saving Wall-Mounted Designs
3) By Plug-In Towel Warmers: Low Voltage Plug-In Models, High-Power Plug-In Units, Timer-Controlled Plug-In Warmers, Smart Plug-In Devices
4) By Hard-Wired Towel Warmers: Thermostat-Controlled Hard-Wired Units, Programmable Hard-Wired Systems, Concealed Wiring Installations, Dual-Connection Hard-Wired Models
5) By Ladder Towel Warmers: Straight Ladder Towel Warmers, Curved Ladder Towel Warmers, Wide Ladder Models, Slim Ladder Warmers
6) By Designer Towel Warmers: Custom-Finish Designer Warmers, Artistic Or Sculptural Designs, Minimalist Modern Designs, Premium Material Designer Units
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Who Are the Global Leaders in the Towel Warmers Market?
Major companies operating in the towel warmers market are Roca Sanitario S.A., Zehnder Group AG, Porcelanosa Group, Stelrad Radiator Group, Pitacs Limited, Cordivari S.p.A., Korado Group, Vogue UK, Myson Inc., Kermi GmbH, WarmlyYours, Jeeves Heated Towel Rails, Radox Radiators, Amba Products, Apollo Radiators, Runtal Radiators, Bathroom Butler, Aeon Radiators, Reina Radiators, Hudson Reed
Which are the Top Profitable Regional Markets for the Towel Warmers Industry?
North America was the largest region in the towel warmers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the towel warmers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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