Tuesday, 02 January 2024 12:17 GMT

Shower Tray Market Set To Expand At A Staggering 5.1% CAGR, Reaching $6.5 Billion By 2032


(MENAFN- EIN Presswire) EINPresswire/ -- The global shower tray market size was valued at $4.2 billion in 2023, and is projected to reach $6.5 billion by 2032, growing at a CAGR of 5.1% from 2024 to 2032.

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Products intended to provide a strong, waterproof foundation for shower enclosures are included in the shower tray market. Shower trays, sometimes referred to as shower pans or bases, provide a flat surface that effectively directs water to the drain and guards against leaks and water damage to nearby structures. They are used as the base for shower installations. Shower trays are often comprised of materials like acrylic, fiberglass, or stone resin and are available in a variety of sizes, forms, and styles to suit a range of bathroom configurations and aesthetic tastes.

Market Segmentation

The shower tray market is segmented into the material, application, distribution channel, and region. On the basis of the material, the market is categorized into ceramics, acrylic, and others. On the basis of application, the market is bifurcated into commercial buildings and residential. On the basis of distribution channel, the market is bifurcated into online and offline. Region-wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, Switzerland, and the rest of Europe), Asia-Pacific (India, China, Japan, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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Competitive Landscape

The major players operating in the shower tray market include Lixil Group, Roca, Kohler, Novellini, Duravit, Huppe, Porcelanosa, Eczacibasi (Vitra), Ideal Standard, MAAX Bath, KALDEWEI, Bette, MX Group, Just Trays Ltd, Coram, Matki, HSK, Polimat, and Polysan.

Key Takeaways

The shower trays market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($billion) for the projected period 2024-2035.

More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major shower tray industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.

The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.

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Key Benefits For Stakeholders

This report provides a quantitative analysis of the shower tray market share, market segments, current trends, estimations, and dynamics of the shower tray market analysis from 2023 to 2032 to identify the prevailing shower tray market opportunities.
The market research is offered along with information related to shower tray market forecast, key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the shower tray market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the Global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as Global shower tray market trends, key players, market segments, application areas, and market growth strategies.

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