The flourishing tourism and hospitality industries and increasing consumer focus on do-it-yourself (DIY) activities and home décor will drive the Mexican shower glass door market at a 6.7% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market stood at $255.7 million in 2020 and it is expected to reach $483.1 million by 2030. Moreover, the rising purchasing power of customers, on account of enhancing per capita income, will allow them to spend on luxury consumer goods, such as shower glass doors.
The expanding tourism and hospitality sectors have a positive impact on the Mexican shower glass door market. The growth in these sectors has resulted in an exponential rise in the number of resorts and hotels. Owing to this reason, the adoption of shower glass doors has significantly increased. As bathrooms are an important part of the resorts and hotels, the service charges of rooms also depend on the luxury components of the bathrooms.
Moreover, the surging consumer interest in home decoration is also facilitating the Mexican shower glass door market growth. People of Mexico are showing immense interest in home décor, due to the escalating demand for attractive and fashionable interiors. People are focusing on installing shower doors and enclosures and initiating their home décor ideas. Besides, the rising popularity of the DIY concept has also boosted the sale of shower glass doors and enclosures and other home decoration products in the country.
Currently, the Mexican shower glass door market is witnessing a trend of increasing adoption of smart shower glass doors. Smart glass refers to a glass piece that changes its light transmission property under the influence of heat, light, or voltage. The rising popularity of smart glass shower doors can be credited to the advantageous properties of this kind of glass. For instance, Smart Glass Technologies LLC produces smart glass, which is offered under the brand name PriWatt, that offers ultraviolet (UV) and privacy protection to customers.
Categories under the sales channel segment of the Mexican shower glass door market include indirect sales and direct sales. Of these, the indirect sales category accounted for larger market share in 2020, as the indirect sales channel is easily accessible and convenient for customers. Moreover, several manufacturers sell their products through third parties, such as affiliates and dealers. Whereas, in the coming years, the direct sales category will exhibit faster growth, as most of the players have started offering their products to end users directly, at discounted prices.
The shower glass door products offered through indirect sales and direct sales channels in Mexico are produced by Megaluminio Servicios Sociedad Anónima de Capital Variable, Luxury Glass Doors, Contractors Wardrobe Inc., Soliglass S.A. de C.V., American Standard Brands, Luma ´k S.A. de C.V., Vitralum Glass Solutions Inc., Kinetic S.A. de C.V., VIGO Industries LLC, and Foshan Korra Bath Ware Co. Ltd. These market players are involved in the production of framed and frameless shower glass doors, which are being adopted in the country.
Thus, the bolstering tourism and hospitality industries and the growing popularity of the DIY concept will augment the demand for shower glass doors in Mexico, during the forecast period.