Mexico Shower Glass Door Market Poised to Garner Impressive Revenue: Projected to touch USD 405.4 Million by 2027
Published | 21 October 2021
Recent years have seen a surge in demand for shower glass doors due to the booming tourism industry, which has been a major factor in hotels and resorts expanding. Both local and international tourists enjoy a touch of luxury in their accommodation. As a result, hotels and resorts in Mexico are increasingly installing shower glass doors in washrooms, causing the market to grow…
A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that Mexico shower glass door market was worth USD 256.1 Million in the year 2020. According to the study, the market is estimated to grow at a CAGR of 6.9%, earning revenue of around USD 405.4 million by the end of 2027. Shower glass is a type of bathroom glass used to prevent water from dripping outside a shower or bathtub. Glass shower doors increase the value of your bathroom and reduce cold drafts that can occur when using a shower curtain. The thriving tourism industry is influencing the construction of more hotels and resorts in Mexico. Since, both local and international tourists enjoy a touch of luxury in their accommodation, hotels and resorts in Mexico are increasingly installing shower glass doors in washrooms, causing the Mexico shower glass door market to grow.
Increasing Focus on Home Décor and Do-It-Yourself (DIY) Projects is Favoring Market Growth
One of the major drivers in the growth of the shower glass door market in Mexico is rising consumer interest in home decoration. In recent years, home decorating ventures have increased with the rising demand for fashionable and attractive interiors. There are a number of new methods being learned by people to install shower enclosures and doors in their bathroom. In recent years, the sale of home decoration products such as shower glass doors has increased significantly due to the DIY movement, thereby favoring the growth of the Mexico shower glass door market.
Thriving tourism and hospitality industries are Driving the Mexico Shower Glass Door Market
One of the key factors driving the growth of the Mexico shower glass door market is the rise in the tourism and hospitality industries. The demand for shower glass doors has increased as the number of hotels and resorts has grown across Mexico. The bathroom is one of the most significant aspects of hotels and resorts. Furthermore, a luxury bathroom is associated with a higher booking and service charge. This has offered numerous growth opportunities for market participants in Mexico.
High Cost of Shower Glass Doors Impeding Market Growth
Despite the high demand for shower glass doors across Mexico, the high cost of such doors is impeding the market's growth. In addition, shower doors are quite expensive to install since they depend on several factors, such as size, style, and type of glass door. Additionally, the cost of installing framed or frameless showers, a slider, or a pivot varies depending on the client's preference. Moreover, space constraints and shape limitations are other factors that are hampering the growth of the Mexico shower glass door market.
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Impact of COVID-19 on the Mexico Shower Glass Door Market
The outbreak of COVID -19 has negatively affected the Mexico shower glass door market. During the COVID-19 pandemic, Mexico took the steps needed to maintain the economic stability of the country. The government's focus during this pandemic was to save the Mexican citizens from the threats of the coronavirus. The main focus of the government is to protect the citizens from the health and economic threats of the coronavirus. Consequently, the government's restrictions have adversely affected the market for shower glass doors, as well as demand and production.
Indirect sales segment occupies the largest share of Mexico shower glass door market
Based on the sales channel, the Mexico shower glass door market is segmented into Indirect Sales, and Direct Sales. The indirect sales category held the largest market share in 2020. Consumers can easily use indirect sales channels, which explains its predominance. Moreover, manufacturers generally prefer selling their products through third parties such as dealers and affiliates, leading to the growth of the indirect sales segment. Additionally, consumers find purchasing products online convenient and easy, which also contributes to the segment's growth.
The key players in the Mexico shower glass door market are Megaluminio Servicios Sociedad Anónima de Capital Variable, Luxury Glass Doors, Contractors Wardrobe Inc., Soliglass S.A. de C.V., American Standard Brands, Luma ´k S.A. de C.V., Vitralum Glass Solutions Inc., Kinetic S.A. de C.V., VIGO Industries LLC, and Foshan Korra Bath Ware Co. Ltd. and other manufacturers.
As part of their continuous innovation, businesses in this market continually improve their product offerings and provide sophisticated shower glass doors to users to gain a competitive edge in the market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Mexico shower glass door market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the Mexico shower glass door market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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