The U.S. is witnessing a sharp surge in the sales of shower glass doors, on account of the rising urbanization rate in the country. As per the 2018 Revision of World Urbanization Prospects by the United Nations Department of Economic and Social Affairs (UNDESA), by 2050, nearly 68% of the global population is predicted to live in various urban areas. Due to the surging urbanization rate in the country, people are heavily investing in various commercial, industrial, and residential setups.
This is, in turn, propelling the sales of shower glass doors in the country. Besides the rapid urbanization, the growth of the real estate industry is also positively impacting the demand for shower glass doors in the country. As shower glass doors are required in commercial and residential units such as resorts, hotels, apartments, and individual houses, the modernization and expansion of the real estate industry are causing a massive rise in their demand all over the country.
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The other important factor powering the sales of shower glass doors in the U.S. is the rapid expansion of the tourism and hospitality sector. As per a report published by the U.S. Travel Association, in the country, domestic travel grew by 1.7% in 2019. Moreover, 2.3 billion person-trips were recorded in the country during that year. Due to the increasing number of tourists, the construction of resorts and hotels is rising sharply in the country.
This is propelling the sales of shower glass doors in the country, which is, in turn, driving the growth of the U.S. shower glass door market. As a result, the value of the market is predicted to rise from $3,188.3 million in 2019 to $6,781.9 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 7.5% from 2020 to 2030. Framed and frameless are the main two types of shower glass doors sold in the U.S.
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Hence, it is quite clear that the demand for shower glass doors will skyrocket in the U.S. in the future years, mainly because of their rising requirement in various residential and commercial establishments and the increasing urbanization rates all over the country.