Shower tray is a stylish option that gives plenty of space for a comfortable and refreshing shower experience. Shower trays come in a variety of designs, style, material and elegant. These trays also offer maximum strength and rigidity. These trays are primarily made from ceramics, acrylic, marble, and steel materials. Moreover, the shower trays have gained popularity among luxury hotels, resorts, and spas owing to its elegant looks and designs.According to AMA, the market for Shower Trays is expected to register a CAGR of 9.5% during the forecast period to 2024. This growth is primarily driven by Increase in Brand Awareness and Preference for High-End Products, The Increasing Hospitality Infrastructure among the Globe and The Surging Demand for Shower Trays from Residential Sector.
Globally, a noticeable market trend is evident Increased Use of Slimline Shower Trays. Major Vendors, such as Lixil Group (Japan), Kohler Co. (United States), Duravit (Germany), Porcelanosa (Spain), Hüppe GmbH (Germany), Eczacibasi (Vitra) (Turkey), Roca (Spain), MAAX Bath Inc. (Canada), Novellini S.p.A. (Italy) and Teuco S.p.A. (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 31 Jan 2018, H.I.G. Capital, a leading global private investment firm with more than 20 billion Euros of equity capital under management, has announced that its portfolio company, Royo Group has completed the integration of Fiora Bath Collections (Spain) as part of its growth strategy
On 24 Feb 2017, Porcelanosa (Spain), a leading shower trays manufacturer presented its latest shower trays catalog at the 24th edition of the PORCELANOSA Grupo Exhibition.
- Increase in Brand Awareness and Preference for High-End Products
- The Increasing Hospitality Infrastructure among the Globe
- The Surging Demand for Shower Trays from Residential Sector
- Increased Use of Slimline Shower Trays
The Emerging Demand from Developing Countries
High Initial Investment
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