Market Insights Consumer Beauty & Personal Care Personal Care

Shower & Bath - Luxembourg

Luxembourg

in Luxembourg, a country known for its affluent population and high standard of living, is no exception when it comes to the Shower & Bath market.
In 2024, the revenue in this market segment is projected to reach a substantial amount of US$16.78m.
This figure demonstrates the significant demand for shower and bath products within the country.
Looking ahead, the market is expected to experience a steady annual growth rate of 3.09% from 2024 to 2029, as indicated by the compound annual growth rate (CAGR).
This growth is a result of both the increasing population and the rising awareness of personal hygiene and self-care.
When compared globally, it is noteworthy that in the United States leads the pack in terms of revenue generation in the Shower & Bath market.
In 2024, the US is predicted to generate a staggering US$9,502m in revenue, highlighting its dominance in the industry.
To put these revenue figures into perspective, we can examine the per person revenues in Luxembourg.
In 2024, each individual in Luxembourg is estimated to contribute US$25.37 to the overall revenue of the Shower & Bath market.
This showcases the country's strong purchasing power and willingness to invest in high-quality bathing products.
In conclusion, Luxembourg's Shower & Bath market is poised for growth, with a substantial revenue forecast for 2024.
The country's affluent population and emphasis on personal well-being contribute to its strong presence in this market segment.
As the demand for shower and bath products continues to rise, it will be interesting to see how in Luxembourg further establishes itself as a key player in this industry.
Luxembourg's shower and bath market is driven by a high demand for luxury and high-end products.

Key regions: Malaysia, United Arab Emirates, South Korea, Indonesia, United Kingdom

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.