mariayardena's blog

The world has changed a lot since the past few years and with it the priorities of people have changed as well. Since items that were once considered luxurious are now available at cheaper prices, along with the rise in the disposable income of people, the demand for products such as shower glass door has increased. These doors are fixed in bathrooms for preventing water from coming outside the bathtub or the shower. Shower glass door further increase the aesthetic appeal of washroom, which is why they are widely being used in modern washrooms.

Due to all these factors, the global shower glass door market is predicted to register considerable growth in the years to come. The rapid urbanization across the globe is also a major factor that has led to the rising demand for shower glass doors. People are increasingly migrating from rural to urban areas, as a number of facilities are available at such places. This is further resulting in the growth of the real estate industry, as a larger number of people are now looking for personal houses. The growth of the real estate industry is positively affecting the demand for shower glass doors.

These days, shower glass door are also available at online platforms, which is why people can get these products easily. The surging penetration of internet and smartphones is leading to the growing adoption of online retailing platforms all across the globe. Online retailing channels are becoming the key distribution channels for home improvement and decoration items, such as shower glass doors. The rising penetration of this distribution channel is further opening up wide opportunities for the new companies entering in the domain, thereby leading to the growth of theshower glass door market.

When type is taken into consideration, the market is divided into framed and frameless, between which, the frameless category held the larger share of the market in the past and is further expected to contribute the largest revenue share to the market in the coming years as well. This is due to the fact that frameless heavy shower glass doors are considered a contemporary design trend. These doors provide bathrooms with a luxurious and spacious look, owing to which, people are increasingly opting for these doors.

Frameless shower glass doors are further ideal for small bathrooms, as they take less space than framed shower glass doors. These doors are further made up of denser materials, which means that the number of elements that may break is lesser than that of framed shower glass doors. Geographically, Asia-Pacific is projected to register the fastest growth in the shower glass door market in the coming years, as stated in a report by P&S Intelligence. This is because of the rising awareness regarding brands and increasing preference for high-end products in the region. In addition, the improving economic situation of various countries in the region is also driving demand for these products.

In conclusion, the demand for shower glass doors is growing due to the rapid urbanization and increasing disposable income of people.  

 

Key Highlights

 

The two-wheeler logistics market generated a value of USD 124.9 billion in 2023, and it will touch USD 458.0 billion, propelling at a 20.5% compound annual growth rate, by 2030. 

 

This growth is mainly because of the cost-effectiveness and convenience of these services, the incorporation of real-time tracking technology, and the thriving e-commerce sector. 

 

The transportation and logistics sectors are experiencing substantial changes, such as the incorporation of real-time tracking technology. 

 

IoT is becoming prevalent in many sectors, with logistics and transportation being considered the main industries in this regard. 

 

To assist businesses in maintaining the surging need, technology is transforming logistics by offering real-time tracking solutions in the process of delivery.

 

To promote the adoption of eco-friendly automobiles with low emissions, decreases in the registration tax and various other liabilities like tax rebates and subsidies, have been provided by governments across many nations.

 

Subsidies have assisted the industry by making electric motorcycles and scooters more viable for consumers for business and personal purposes.

 

These factors are accountable for the surge in the acceptance of electric motorcycles and scooters across different nations. 

 

Key Insights

 

• APAC accounted for the leading share of the industry in 2023, and it will further advance at the fastest compound annual growth rate, of 21.0%, in the years to come.

• This will be because of the high need for two-wheeler logistics services in the emerging economies of APAC, including China and India. 

• The scooter category is leading the industry, and it will further propel at the fastest rate, of 20.8%, during this decade. 

• This is attributed to the rising acceptance of scooters because of their rapid acceleration, light build, and ease of mobility.

• The e-commerce category accounted for the dominating share of the industry in 2023, of approximately 45%. 

• This is because of the increasing consumer base; however, consumer’s buying patterns and expectations are also shifting, with consumers now expecting free and rapid shipping, along with competitive pricing.

• Food delivery will propel at the fastest rate, of 20.9%, in the years to come. This will be mainly because of the merging customer choices, the suitability of ordering food, and digital transformation.

• The electrical category will observe a higher growth rate, of 20.7%, in the years to come. This is because electric vehicles have proven to be an environment-friendly, affordable, and efficient means of transportation for delivery service providers. 

• The conventional fuel-based category accounted for a larger share of the industry in 2023, of approximately 75%. This can be attributed to their developed infrastructure, smooth refueling process, widespread accessibility, and popularity.

• Business-to-consumer (B2C) is leading the industry, and it will also propel at the fastest compound annual growth rate, of approximately 80%, in the coming years.

• There are numerous players in this industry that emphasize on developing and launching electric two-wheelers to increase their customer range. 

• Several global and regional companies are tirelessly working on advanced methods to effectively introduce new electric models in the vehicle sector to enhance their market presence. 

• Players are also involved in collaborations, partnerships, acquisitions, and mergers, to enhance their competitiveness.  

Source: P&S Intelligence