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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.
Diamond Kitchen and Bath, Inc. received a Paycheck Protection Program loan for between $350,000 and $1 million on May 1, according to the US Treasury Department.
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