In 2019, the U.S. shower glass door market reached a value of $3,188.3 million and is predicted to generate revenue of $6,781.9 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market would progress at a CAGR of 7.5% during 2020—2030. The major factors propelling the growth of the market are the rapid urbanization in the metropolises and the boom of the real estate and tourism and hospitality industries in the country.
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The
increasing urbanization in the country is a major factor fueling the growth of
the U.S. shower glass door market. As per many reports, the urban population is
registering a faster growth rate than the rural one. 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 reside in urban areas.
Across the
globe, North America is the most heavily urbanized region, with as much as 82%
of the population there living in cities and towns. Moreover, the region will
witness large-scale urbanization in the future years as well. This will lead to
huge investments in various infrastructural development projects such as those
including residential, industrial, and commercial facilities. This will
subsequently boost the advancement of the U.S. shower glass door market
in the coming years.
Hence, it is
safe to say that the market would demonstrate huge expansion in the forthcoming
years, primarily because of the surging urban population, rapid urbanization,
and the increasing construction and infrastructural development activities in
the country.
