Portable UV Sanitizing Boxes Market Size Worth $193.8 Million By 2026 - kbv Research

NEW YORK - Oct. 21, 2020 - PRLog -- According to a new report Global Portable UV Sanitizing Boxes Market, published by KBV research, The Global Portable UV Sanitizing Boxes Market size is expected to reach $193.8 Million by 2026, rising at a market growth of 14.3% CAGR during the forecast period.

In terms of revenues, the residential segment dominated the market. Growing customer awareness is serving as a significant catalyst for the growth of the demand for portable UV sanitizing boxes in the residential sector. An increase in product launch is also serving as a key catalyst for growing market recognition and acceptance. The commercial category is expected to grow exponentially over the forecast period.

In terms of revenue, the off-line distribution channel dominated the market with a significant market share. This dominant share is attributable to a rise in the number of electronics and appliance retail stores resulting in an increase in shelf space for the sale of products. The rise in social media marketing encourages the development of the online distribution channel. The availability of various products with comparison features on the website and simple return policy is changing the consumer's inclination towards online transactions.

North America led the industry with a dominant market share. This share is attributable to innovation in product offerings in the region, along with customer willingness to spend on added value and innovative goods. The growing use of sanitizing tools in various residential and healthcare applications in the area promotes the growth of the demand for portable UV sanitizing boxes in the area. Asia Pacific is expected to see the fast growth over the forecast period and is expected to generate substantial revenue during the period. China's major revenue is generated in the Asia Pacific.

Global Portable UV Sanitizing Boxes Market Segmentation

By Application

• Residential
• Commercial

By Distribution Channel

• Online
• Offline

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• PhoneSoap LLC
• Limestone Labs Limited (CleanSlate UV)
• HoMedics, Inc. (FKA Distributing Co., LLC)
• LovingCase (Nuoweir Company)
• Munchkin, Inc.
• ANPEI Smart Medical Device Technology Co., Ltd.
• Phone Tub Limited
• Coospider UVC
• Guangdong Liangyueliang Photoelectric Technology Co., Ltd.
• 59S Company
Structural Insights: https://www.kbvresearch.com/portable-uv-sanitizing-boxes-market/