Bath Towel Market Revenue, Future Growth, Trends, Top Key Players, Business Opportunities, Industry Share, Size Analysis by Forecast 2029

The global bath towel market size is anticipated to thrive on account of the elevating product demand in several industries like hospitality, travel and tourism industries, etc. Available in a variety of sizes with different names, bath towels are an essential product. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Bath Towels Market, 2022-2029.”

The report elucidates the different factors elevating the demand for bath towel in the market. For instance, the demand for bath towels elevates in the spa industry as spa treatment requires bath towels to dry off or remove the water and different liquid solution used in the treatment process. Also, the health and fitness industry is expected to escalate the demand for bath towels.

Covid-19 Impact-

The COVID-19 pandemic has affected several industries and markets drastically. Reduced revenues due to the stringent policies like lockdowns, curfews, and social distancing norms, introduced by the government to curb the virus are hampering several markets, including the bath towels market. The production levels are at an all-time low. However, the market still looks forward to grow at a moderate pace during the forecast. Our research report’s in-depth analysis will help you gain valuable insights into this niche market.

Get Sample PDF Brochure@ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bath-towel-market-103899

List of renowned players in the Bath Towels Market:

  • Real Towel Collection
  • Huaian Rainbow Towel Weaving Co. Ltd.
  • Danica studio
  • Iris Hantverk
  • Dunroven House
  • DMC
  • Gemini
  • Elsatex Ltd
  • Nine Space

Report Coverage-

The bath towels report analyses the present status and future opportunities for the bath towels market using SWOT Analysis. The report incorporates PESTLE Analysis and Porters' Five Forces Analysis for an unerring prediction of the market growth. The report follows an innovative methodology that contains data triangulation based on bottom-up and top-down approaches for a precise prediction. The report contains information gathered through reputed stakeholders at country, regional, and global levels. The report also focuses on the recent developments in the industry, including the research on key trends, new product launches, and expansion in the bath towels market.

Drivers & Restraints-

Changing Lifestyle and Fashion trends to Propel Market Growth

The bath towels are available in different varieties. As the rising population is concerned about the impact they create on the environment, the eco-conscious consumers are getting inclined towards organic towels or towels made from bamboo as they have less impact upon the environment in their manufacturing. This is leading companies to cater to a different horizon of consumers and impelling them to launch eco-friendly products. The growing travel and tourism industry is facilitating the growth of the hospitality industry as well, which is a major demand claimer in the bath towels market. Factors like these are expected to augment market growth during the forecast period.

However, the uncertainty due to the policies on imports and exports in global trade and commerce imposed by different economies is likely to act as a restraint on market growth.

Segmentation-

Based on material use, the bath towels market is categorized into cotton, bamboo fiber, micro fiber, etc. Based on type, the market bifurcates into synthetic and natural. Based on its sales channels, the market segments into offline and online stores. Geographically, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights-

Asia Pacific to Hold the Lion’s Share in Global Market

Countries like Thailand, South Korea, Japan, and Singapore are among the top tourist destinations. Due to the increasing number of tourists visiting these countries every year, the demand for bath towels is a pound to a penny. With better living standards, the consumption of the product is also increasing due to the growing recreational places. These factors are expected to help Asia Pacific dominate the bath towels market in the forecast period.

North America is expected to witness a growth in traveler’s footfall for vocational or business purposes. This will help the bath towels market gain traction, with bath towels being essential for every traveler. The increasing outdoor activities are also expected to boost the bath towels market due to expected frequent showers taken by them. As per the article published in 2018 by the Outdoor Industry Association, about 49% of the population above 6 years in America is expected to participate in outdoor activities.

Competitive Landscape-

Rising Brand Consciousness to Fuel Demand for Luxury Bath Towels

The bath towels market is fairly fragmented, with regional and global players competing neck-to-neck to stay at the top of the game. The dynamic consumer preferences are shaping the market demand, and companies are focusing on producing skin-friendly and natural-based towels. For instance, Heelium Towels gained immense popularity through its launch of soft bamboo towels. The luxury towels are eco-friendly and have a huge demand from their consumers.

Industry Developments-

  • January 2019: West Elm launched luxurious plush towels in their new bath line. The towel is made from 100% organic Turkish cotton and is extremely absorbent and fluffy.

Inquiry before Buying@ https://www.fortunebusinessinsights.com/enquiry/queries/bath-towel-market-103899

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn Facebook Twitter

Comments

Post a Comment

Popular posts from this blog

Sport Guns Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2029

The global sport guns market size is expected to gain momentum owing to the growing number of prominent sporting events during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “ Sport Guns Market, 2021-2028 .” The sports events such as Olympics, Asian Games, Commonwealth, and others. The rising number of sports enthusiasts being influenced by big-level events happening around the globe is the major contributing factor. Additionally, a growing number of people are playing video games online, and interested in action movies are moving toward shooting as a hobby. For instance, according to an American Institute of Physics data release, in 2019, three-quarters of American households have one gamer in their house, and 70% of families have a kid who plays video games. COVID-19 Impact- Supply Chain Disruption to Hamper the Market The COVID-19 outbreak caused significant disruption in the sport guns supply chain. Due to severe
Read more

Smart Wheelchairs Market Share, Demand, Top Players, Industry Size, Future Growth By 2029

The global smart wheelchairs market size is expected to gain momentum owing to the growing awareness regarding the availability of innovative wheelchairs during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “ Smart Wheelchairs Market, 2022-2029 .” Over the projected period, emerging nations such as India are considered major income drivers for wheelchair makers. The country has one of the highest rates of traffic accidents in the world, with several individuals injured or killed. It also has one of the world's largest populations of disabled people. The region is still at an embryonic stage in terms of wheelchair accessibility and consumption; however, with increasing public awareness and favorable government measures, the need for a wheelchair is likely to increase in the coming years. According to the World Health Organization (WHO), around 15.0 percent (or 1 billion) of the world population has a disability that
Read more

Wet Shaving Products Market Share, Demand, Top Players, Industry Size, Future Growth By 2029

 The global wet shaving products market size is projected to make remarkable progress owing to the rising demand for personal grooming products across the world, finds Fortune Business Insights™ in its report, titled “ Wet Shaving Products   Market, 2022-2029 ”. In recent years, there has been an increasing demand for personal grooming products such as shaving brushes, gels, lotions, and others among the world population owing to their wide availability across several distribution channels such as online stores, retail stores, and others. This is a major factor contributing to the growth of this market during the forecast period. Further, the shaving cream helps to reduce the risk of redness, razor burn, and irritation to the skin, which has resulted in high demand for such products across several regions of this market. However, the increasing incidents of skin irritation during the use of wet shaving products are projected to hamper the growth of this market. COVID-19 Impact: Wit
Read more