26 February, 2019: Shower
Market Research Report Provides
In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive
Situation, Top Manufacturers and Upcoming Trends. Shower Market report split
global into several key Regions which mainly includes Market Overview, Table of
Content, List of Figures and Applications. Shower
Market Growing at Higher CAGR Rate in 2019-2024.
The Global Shower Market is
subject to witness a substantial growth due to the increasing awareness
associated with health and hygiene among the consumers. The recent
technological advancement coupled with development of novel products such as
smart showers are expected to drive the growth of the market in the upcoming
years. Introduction of innovative products by private players offering high
performance capability and efficiency followed by aggressive marketing
strategies to gain a competitive edge in the market are predicted fuel market
growth in the near future. Globally, the market is predicted to grow at CAGR of
8.2% over the forecast period, providing numerous opportunities for market
players to invest in research and development of the shower market.
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The key players in the shower
market are Johnson & Johnson, Inc., L'Oreal S.A., Procter & Gamble Co.,
Unilever, Inc., Colgate-Palmolive Company Co., Avon Products, Inc., Beiersdorf
AG, Este Lauder Companies Inc., Coty, Inc., and Henkel AG & Company, KgaA.
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Additionally, rise in the per capita income and
increasing living standards in the developing economies, particularly in the
Asia Pacific region are expected to drive the growth of shower market over the
forecast period. Development of aesthetic showers and adoption of digital
techniques such as control panels to monitor hot and cold water supplies and
mixing the water are expected to fuel up the growth of shower market in years
to come. However, lack of awareness and higher initial cost of these products are
anticipated to limit market progress to a certain extent. In addition, use of
harmful chemical substances such as sodium lauryl sulfate, dioxane, and
parabens are restraining market growth.
The shower market is divided by region as North America,
Europe, Asia-Pacific, Latin America and Africa. North America has shown major
growth in recent years owing to the rise in the implementation of latest
technologies personal hygiene sector, increase in health awareness and personal
hygiene among general population, and existence of well-established
manufacturing sector. Asia-Pacific region is predicted to hold major market
share in the shower market with massive growth in forecast period. Countries
such as India, China, Japan, South Korea and Singapore are leading the
Asia-Pacific market with strong economic growth, increasing per capita income,
improved living standards, and significant investment by leading industry
players’ results in the potential growth opportunities in the region.
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