Increasing tourism and rise in hotel construction are driving market growth. To accommodate the increasing tourist inflow, government and private investors in many countries are making investments in the development of luxury hotels, resorts, and spas; thus, spurring the demand for shower trays. However, water leakage due to improper installation is a challenge prevalent in the market. Sealant between the tray and tiles should be replaced as silicone sealant deteriorates and perishes over time. Technavio’s analysts forecast the global shower trays market to grow at a CAGR of 8.54% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global shower trays market for 2016-2020. For the calculation of market size, the report has taken into consideration the sale of shower trays worldwide.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Shower Trays Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendorsoperating in this market.
Market driver - Increase in brand awareness and preference for high-end products - For a full, detailed list, view our report
Market challenge - High initial investment - For a full, detailed list, view our report
Market trend - Increased use of slimline shower trays - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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