From $3,493.4 million in 2020, the North American shower glass door market is predicted to demonstrate a CAGR of 7.6%, to reach $7,151.7 million by 2030. The significant factors behind this are the growing tourism and hospitality industry, surging urbanization rate, increasing adoption of smart shower glass doors, and expansion of the real estate sector. North America is witnessing growth in the real estate industry as there are multiple funding sources, such as home equity loans and traditional loans, for purchasing a house or commercial property.
According to Forbes, the real estate industry contributed $3.5 trillion to the U.S. GDP in 2020, out of which $863 billion came from the spending on infrastructure. Not just real estate growth, but the rapid urbanization is also pushing the North American shower glass door market toward prosperity. The United Nations stated that 82% of the region’s population lived in urban areas in 2018. This has led to the high living standards of people, who are now preferring luxurious and modern bathrooms with shower glass doors.
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Within the product type segment, the frameless shower glass door category held the larger share of the North American shower glass door market in 2020. Moreover, it is predicted to retain its position in the coming years due to the lower prices of frameless glass doors than framed ones. And, the surging requirement for heavyweight glass in bathrooms is thrusting the market ahead in this region. Moreover, frameless doors give a sleeker look to bathrooms, which is a key feature that makes such spaces look modern and luxurious.
The tempered glass category is predicted to grow at the highest CAGR in the coming years in the North American shower glass door market, based on glass type. It is ascribed to the fact that tempered glass is gaining popularity among residential and commercial users and it can be produced by uniformly heating standard annealed glass panes, which makes it more durable and lowers its breaking risk. Moreover, single shower glass doors are expected to garner the highest revenue within the door type segment because they are relatively cheaper than sliding and bifold doors.
The U.S. is the larger country in the North American shower glass door market, and it is expected to retain its position in the coming years. It is attributed to the rise in the adoption of textured or slumped glass in the country because of the various benefits it has, such as resistance to water and stains. In addition, the country is witnessing rapid urbanization and growth in its tourism sector. Further, the U.S. remains a popular travel destination, led by attractions like the Statue of Liberty, Niagara Falls, and Yellowstone National Park.
Similarly, the Canadian government has decided to pour $139 billion in infrastructure development till 2028. Although sparsely populated for its size, Canada is witnessing a rapid rise in the demand for infrastructure as it is attracting immigrants from around the world. Moreover, its vast tracts of taiga beckon hordes of nature photographers, campers, hikers, and animal lovers. Further, Toronto is emerging as a major business hub of the West, which is a key reason behind the high pace of infra development and increasing demand for shower glass doors here.
Therefore, the expansion of the real estate sector, especially commercial, and changing lifestyles of people are propelling the demand for shower glass doors in North America.
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