DUBLIN--(BUSINESS WIRE )--The "Mexico Shower Glass Door Market Research Report: By Product Type, Sales Channel, Glass Type, Door Type, Thickness, End User - Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Mexico's shower glass door market is forecast to reach a value of $483.1 million by 2030 from $255.7 million in 2020, at a 6.7% CAGR between 2021 and 2030.
This is because the growing tourism industry is driving the construction of hotels and resorts, where shower glass doors have become quite important in recent years. With tourists, both local and those from overseas, looking for a touch of luxury in their accommodation, hotels and resorts are rapidly integrating shower glass doors in bathrooms. Thus, it is the expanding commercial construction industry that is boosting the Mexican shower glass door market revenue.
During the COVID-19 pandemic, the trade and production of shower glass doors in Mexico have been severely hampered. In addition, lockdowns and social distancing measures have forced people to stay indoors, which has further dented the buying and selling of such products. The negative effect of the pandemic on the Mexican shower glass door market is also on account of the financial burden that has forced citizens to only spend on essential items.
The frameless bifurcation will witness the higher CAGR in the Mexican shower glass door market in the coming years, based on product type. Frameless doors make the bathroom more aesthetically appealing, and they are easier and cheaper to maintain than framed variants.
In the past, the Mexican shower glass door market was dominated by the indirect sales bifurcation, under segmentation by sales channel. Compared to direct channels, indirect sales channels are easier to access for customers. Moreover, there are few companies that offer these products directly, which impels customers to look at indirect channels.
The commercial bifurcation, on the basis of end user, is expected to keep holding the larger share in the Mexican shower glass door market throughout this decade. Owing to the increasing footfall of tourists in Mexico, a large number of hotels and resorts are being constructed, which is propelling the demand for shower glass doors in the commercial sector.
Key Findings of Mexico Shower Glass Door Market
The largest players in the Mexican shower glass door market are
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900