Sep 21, 2021   SOURCE: BusinessWire

Mexico Shower Glass Door Market Analysis and Growth Forecast Report 2021-2030 - ResearchAndMarkets.com

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.

Market Dynamics

Trends

  • Adoption of frameless shower doors
  • Increasing adoption of smart shower glass doors

Drivers

  • Growth in the tourism and hospitality industry
  • Increasing focus on home decor and do-it-yourself (DIY) projects
  • Increasing construction activities
  • Impact analysis of drivers on market forecast

Restraints

  • High cost of shower glass doors
  • Impact analysis of restraints on market forecast

Opportunities

  • Shower glass doors for handicapped people
  • Increasing online retailing of shower glass doors

Key Findings of Mexico Shower Glass Door Market

  • Tempered most-popular glass type among end users
  • Demand for single-door variants to increase fastest
  • Shower glass doors of 3/8" thickness witness highest demand
  • Mexicans engaging in do-it-yourself shower glass door installation
  • High prices restricting product adoption among people with lower income
  • Residential sector displaying faster-growing product demand

The largest players in the Mexican shower glass door market are

  • Megaluminio Servicios Sociedad Anonima de Capital Variable
  • Vitralum Glass Solutions Inc.
  • American Standard Brands
  • VIGO Industries LLC
  • Luxury Glass Doors
  • Soliglass S.A. de C.V.
  • Kinetic S.A. de C.V.
  • Luma k S.A. de C.V.
  • Foshan Korra Bath Ware Co. Ltd.
  • Contractors Wardrobe Inc.

For more information about this report visit https://www.researchandmarkets.com/r/nbudbw