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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.
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NEW YORK, April 1, 2021 /PRNewswire/ Technavio has been monitoring the kitchen sinks market and it is poised to grow by $ 615.84 mn during 2021-2025, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Kitchen Sinks Market by End-user and Geography - Forecast and Analysis 2021-2025
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the kitchen sinks market.
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Kitchen sinks market is expected to reach USD 3.67 billion by 2027 witnessing market expansion at 3.95% in the forecast period of 2020 to 2027. Increasing volume of urbanization activities worldwide has resulted in the market witnessing a steady rise in the adoption rate for kitchen sinks.
Data Bridge Market Research, the fastest growing market research company, released a report on the Kitchen sinks Market. This market report offers an overall scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future prospects of the market. The report discusses the competitive data analysis of emerging and leading market players. Further, it offers comprehensive data analysis on risk factors, challenges, and possible new routes in the market.
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