Middle East and Africa Towel Warmer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hydronic and Electric) and Application (Residential and Commercial)
Market Introduction
The Middle East & Africa primarily includes South Africa, Saudi Arabia, the UAE, and the rest of the Middle East & Africa. The region is a combination of different economies where some part is recovering from the economic crisis, whereas some parts are financially well. Several countries, such as Dubai, Abu Dhabi, and Iran, are experiencing rapid development with the growth of markets. Further, rising urbanization in the region is creating a lucrative growth opportunity for the towel warmer manufacturers. In addition to this, the towel warmer market is nascent in this region as the consumers are price-sensitive, and they consume products for their needs and not for luxury. However, consumers in the MEA, especially in Gulf Cooperation Council (GCC) countries, slowly and steadily have increased their spending on luxury products in recent years. Such an increase in consumption is expected to provide a growth opportunity for this regional towel warmer market in the near future.
South Africa has the highest COVID-19 cases in the Middle East & Africa, followed by Saudi Arabia and the UAE. The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. The impact of lockdown in the Middle Eastern and African countries has been severe. Various manufacturing companies related to consumer goods were closed, leading to reduced towel warmer production. The spa sector in the Middle East & Africa was slowed down as the region is heavily weighted towards hotels/resort spas which were more affected by the pandemic. The decline in the tourism sector affected the hotels and spas, which resulted in a declining growth in the market. Spas, gyms, and hotels are reopening with the vaccination campaign in full swing. Together with the rise in the tourism industry, this factor is expected to propel the MEA towel warmer market during the forecast period.
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Market Overview and Dynamics
The towel warmer market in Middle East & Africa is expected to grow US$ 22.39 million in 2021 to US$ 30.45 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. There has been an increased application of towel warmers in the commercial sector, increasing the demand for towel warmers. Towel warmers are increasingly used in various commercial sectors, such as laundry rooms, workshops, pool houses, saunas, yachts, hotels, gyms, and other sports facilities, spas and beauty salons, and hospitals and medical facilities. In commercial facilities, such as laundry services, towel warmers are used to dry delicate items of clothing that are not suitable for tumble dryers. In workshops, towel warmers are generally installed to provide extra heat to maintain a pleasant environment. In pool houses, saunas, and yachts, towel warmers are primarily used to dry wet items, such as towels, swimsuits, and other damp items. Hotels also use towel warmers to provide a luxurious and aesthetic visual appeal to the bathroom's look, attracting consumers. In gyms and sports facilities, towel warmers are utilized in locker rooms to dry damp towels and clothing and manage humidity and mold growth. In hospitals and medical facilities, towel warmers are used for warming the blankets and linens. Spas and beauty salons are another lucrative application of towel warmers. They help keep the towels, sheets, and blankets warm and dry to be ready for clients and keep the humidity under control in such commercial facilities. The rise in the spa industry is leading to an increased demand for towel warmers. The increasing consumer preference for their health and fitness is leading to an increased presence of sports facilities and gyms, resulting in an increased demand for towel warmers. The augmenting usage of towel warmers among various commercial facilities and the rise in such commercial facilities are driving the market growth.
Key Market Segments
In term of type, electric segment held a larger market share of the towel warmer market in 2020. In term of application, commercial segment held a larger market share of the towel warmer market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the towel warmer market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are KORADO, a.s.; Zehnder Group AG; Stelrad; St.Lawrence (Tangshan) Metal Products Co., Ltd.; and Purmo Group among others.
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Middle East & Africa Towel Warmer Market Segmentation
Middle East & Africa Towel Warmer Market – By Type
Middle East & Africa Towel Warmer Market – By Application
- Residential
- Commercial
Middle East & Africa Towel Warmer Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of the MEA
Middle East & Africa Towel Warmer Market – Companies Mentioned
- Purmo Group
- Zehnder Group AG.
- KORADO, a.s.
- St.Lawrence Metal Products Co.,Ltd.
- Stelrad
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Towel Warmer Market, by Type
1.3.2 Middle East & Africa Towel Warmer Market, by Application
1.3.3 Middle East & Africa Towel Warmer Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Middle East & Africa Towel Warmer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Middle East & Africa Towel Warmer Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Up-scaling Urbanization and Home Remodeling Activities
5.1.2 Raising Commercial Application Sector
5.2 Market Restraints
5.2.1 Heavy Product Price
5.3 Market Opportunities
5.3.1 Fostering Demand in Developing Countries
5.4 Future Trends
5.4.1 Intensifying Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Towel Warmers – Market Analysis
6.1 Middle East & Africa Towel Warmer Market Overview
6.2 Middle East & Africa Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Towel Warmer Market Analysis by Type
7.1 Overview
7.2 Middle East & Africa: Towel Warmer Market, by Type
7.3 Electric
7.3.1 Overview
7.3.2 Electric: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hydronic
7.4.1 Overview
7.4.2 Hydronic: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Towel Warmer Market Analysis by Application
8.1 Overview
8.2 Middle East and Africa Towel Warmer Market, by Application
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Towel Warmer Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Towel Warmer Market, by Key Country
9.1.1.1 South Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Towel Warmer Market, by Type
9.1.1.1.2 South Africa: Towel Warmer Market, by Application
9.1.1.2 Saudi Arabia: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Towel Warmer Market, by Type
9.1.1.2.2 Saudi Arabia: Towel Warmer Market, by Application
9.1.1.3 UAE: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Towel Warmer Market, by Type
9.1.1.3.2 UAE: Towel Warmer Market, by Application
9.1.1.4 Rest of the Middle East & Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of the Middle East & Africa: Towel Warmer Market, by Type
9.1.1.4.2 Rest of the Middle East & Africa: Towel Warmer Market, by Application
10. Impact of COVID-19 on Middle East & Africa Towel Warmer Market
10.1 Overview
11. Company Profiles
11.1 KORADO, a.s.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Stelrad
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 St.Lawrence (Tangshan) Metal Products Co.,Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Purmo Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Zehnder Group AG.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Towel Warmer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Towel Warmer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Towel Warmer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of the Middle East & Africa Towel Warmer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of the Middle East & Africa Towel Warmer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, Middle East & Africa Towel Warmer Market
LIST OF FIGURES
Figure 1. Middle East & Africa Towel Warmer Market Segmentation
Figure 2. Middle East & Africa Towel Warmer Market Segmentation – By Country
Figure 3. Middle East & Africa Towel Warmer Market Overview
Figure 4. Middle East & Africa Towel Warmer Market, By Type
Figure 5. Middle East & Africa Towel Warmer Market, by Country
Figure 6. Middle East & Africa Towel Warmer Market, Industry Landscape
Figure 7. Middle East & Africa: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Towel Warmer Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa: Towel Warmer Market Revenue Share, by Type (2020 and 2028)
Figure 12. Hydronic: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Electric: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Middle East and Africa Towel Warmer Market Revenue Share, by Application (2020 and 2028)
Figure 15. Residential: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Commercial: Towel Warmer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Geographic Overview of Middle East & Africa Towel Warmer Market
Figure 18. Middle East & Africa: Towel Warmer Market Revenue Share, by Key Country (2020 and 2028)
Figure 19. South Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 20. Saudi Arabia: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 21. UAE: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of the Middle East & Africa: Towel Warmer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic on Towel Warmer Market in the Middle East & Africa
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- Purmo Group
- Zehnder Group AG.
- KORADO, a.s.
- St.Lawrence Metal Products Co.,Ltd.
- Stelrad
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