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NEW YORK, April 6, 2021 /PRNewswire/ North America is the most urbanized region in the world, with almost 82% of its population living in cities. With more people pouring into urban areas, investments in commercial, residential, and industrial infrastructure are rising. As a result, the North American shower glass door market revenue is predicted to rise from $3,493.4 million in 2020 to $7,151.7 Million by 2030, at a 7.6% CAGR between 2021 and 2030, according to P&S Intelligence.
This is because shower glass doors are considered a luxury, and with people s rising disposable income, they are able to afford such fixtures. According to Trading Economics, the disposable income in the U.S. grew from $16,451.2 in 2019 to $16,565.4 in 2020. The investments are eventually boosting the real estate industry, in turn, the North American shower glass door market expansion, as such fixtures increase the resale value of properties.