As per Market Research Future (MRFR), the global smart bathroom market was valued at USD 5.92 billion in 2017 and is expected to reach USD 10.93 billion by 2023 at a CAGR of 10.74% from 2017 to 2023 (forecast period).
The research report offers a succinct analysis of the influence of COVID-19 on current/future market situations.
The report identifies some of the key market factors that will influence the growth of this sector, such as market share, major regions, and key players.Smart bathrooms are equipped with automated plumbing and sanitary ware that can be operated through smartphones or other smart devices using the Internet.Market DynamicsWith the introduction of the Internet of Things and increasing demand for automation, the smart bathroom market is predicted to grow exponentially over the forecast period.
The introduction of hi-tech toilets and soaking tubs has had a positive effect on the smart bathroom industry's growth.
Giants such as Kohler, LIXIL, and TOTO, among others, come up with a spectrum of smart bathroom products and accessories to make the bathrooms smarter.Key PlayersThe industry giants in the global smart bathroom market are Roca Sanitario SA (Spain), Toto Ltd (Japan), Kohler Co. (US), LIXIL Group Corporation (Japan), Duravit AG (Germany), Bradley Corporation (US), Fortune Brands (Canada), and Masco Corporation (China).Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4841Market SegmentationBased on end-users, the global smart bathroom market has been bifurcated into commercial and end-users.
The commercial segment held the largest market share in 2017, with a market value of USD 4,883.45 million; it is expected to post a significant CAGR over the forecast period.By product type, the global smart bathroom market has been segmented as hi-tech toilets, soaking tubs, digital faucets, and others (including smart windows and smart mirrors).