The Smart Bathroom Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smart Bathroom Global Market Report 2024, The smart bathroom market size has grown strongly in recent years. It will grow from $4.56 billion in 2023 to $4.98 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increased focus on home automation, rising awareness of water conservation, luxury and comfort expectations, aging population and accessibility, energy efficiency considerations.
The smart bathroom market size is expected to see strong growth in the next few years. It will grow to $7.2 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to health and wellness integration, customization and personalization trends, smart mirrors and interactive displays, environmental sustainability solutions. Major trends in the forecast period include health and wellness features, advanced hygiene solutions, enhanced security and privacy, augmented reality (AR) in design and planning, integration with smart home ecosystems.
Rising demand for smart homes is driving towards the increase of smart bathroom market. The increasing disposable income leads to upgrading to a smart house that consists more innovative technologies with voice commands or internet connected technologies or Bluetooth connected technologies. For example, according to India Brand Equity Foundation, an Indian Government export promotion agency, by 2040 real-estate market will expand up to 65000 crores in India ($9.30 billion) from 12000 crores ($1.72 billion) in 2019. This leads to people buying their new homes every year. Whereas, in USA there is at least 118 million people using voice commands in home for a month. Hence the increasing demand for smart homes will drive the market for smart bathrooms.
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The smart bathroom market covered in this report is segmented –
1) By Product: Hi-Tech Toilets, Soaking Tubs, Digital Faucets, Other Products
2) By Connectivity: Bluetooth, Wi-Fi, 3G
3) By Distribution: Offline, Online
4) By Application: Commercial, Residential
Major companies operating in the smart bathroom market are developing new products such as voice-controlled, self-filling bathtub to gain a competitive edge in the market. A voice-controlled, self-filling bathtub is a technologically advanced bathroom fixture designed to enhance convenience and user experience. For instance, in January 2022, Kohler Co. a US-based manufacturer of plumbing products, furniture, engines, and power generation launched stillness bath. The Kohler Konnect app or voice commands can be used to program the bathtub to fill itself automatically at a predetermined temperature and depth. Voice commands, such as asking google assistant or amazon alexa to run the bath, can be used to begin filling the bathtub. The Kohler Konnect app, which lets users set up presets for temperature, depth, and other parameters, can also be used to control the system. A predefined routine that activates features in a predetermined order or a color change for the lighting surrounding the tub can heighten the experience.
The smart bathroom market report table of contents includes:
- Executive Summary
- Smart Bathroom Market Characteristics
- Smart Bathroom Market Trends And Strategies
- Smart Bathroom Market - Macro Economic Scenario
- Global Smart Bathroom Market Size and Growth
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- Global Smart Bathroom Market Competitive Benchmarking
- Global Smart Bathroom Market Competitive Dashboard
- Key Mergers And Acquisitions In Smart Bathroom Market
- Smart Bathroom Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Pfister Company
- LIXIL Group Corporation
- MASCO Corporation
- Kohler Co
- Toto Ltd.
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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).
The report covers an overview of the industry along with a detailed explanation that provides a lot of insight.
The report also analyzes the production as well as management technology in various end-user industries.
An in-depth study in some new and prominent industry trends, analysis of the competition and regional analysis that is very detailed have been included in the report of the Smart Bathroom market for the review period of 2020 – 2027.There are many different factors that have caused the quick expansion of the Smart Bathroom market.
In addition to the above, government initiatives, as well as the competitive landscape that exists in the Smart Bathroom market through the forecast period, has been analyzed.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/smart-bathroom-market-2001Global Smart Bathroom Market Key Companies:DuravitJaquarKohlerLIXIL GroupTOTOMOENRoca Sanitario SABradley CorporationMasco CorporationVilleroy & Boch AGThe base year of the study is 2020 and the forecast period stretches all the way till 2027.
This has led to the creation of a strong understanding of the market for the upcoming years.
In addition to this, different latent growth factors, opportunities and restraints are evaluated for this advanced study and suggestions are made for the market that pertains to the forecast period.SegmentationThe Smart Bathroom market covers different regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
The global Smart Bathroom Products market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.
The objectives of this study are to define, segment, and project the size of the Smart Bathroom Products market based on company, product type, end user and key regions.This report studies the global market size of Smart Bathroom Products in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Smart Bathroom Products in these regions.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-smart-bathroom-s-2025-920This research report categorizes the global Smart Bathroom Products market by top players/brands, region, type and end user.
This report also studies the global Smart Bathroom Products market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.The following manufacturers are covered in this report, with sales, revenue, market share for each company:TOTOINAXJacuzziHoeschRocaPanasonicNovelliniBanosKohlerAmerican Standard BrandsDominoGeberitHuidaJOMOOHCGDongpengMarket size by ProductSmart ToiletSmart BathtubSmart Shower RoomMarket size by End UserHousehold UseCommercial UseMarket size by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaSingaporeMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalySpainRussiaCentral & South AmericaBrazilRest of Central & South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaThe study objectives of this report are:To study and analyze the global Smart Bathroom Products market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.To understand the structure of Smart Bathroom Products market by identifying its various subsegments.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).Focuses on the key global Smart Bathroom Products companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.To project the value and sales volume of Smart Bathroom Products submarkets, with respect to key regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Smart Bathroom Products are as follows:History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025This report includes the estimation of market size for value (million US$) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Bathroom Products market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.
The global Smart Bathroom Market size is anticipated to reach USD 9775.4 million by 2026, according to a new study published by Polaris Market Research.
The North American region dominated the global market, in terms of revenue in 2017.The growing demand for automation along with increasing costs associated with energy use increases the demand for Smart Bathroom solutions.
The rising adoption of Internet of Things (IoT), and smart devices boosts the adoption of smart bathroom solutions.
New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for Smart Bathroom industry in the coming years.There has been an increasing use of digital faucets to conserve water and energy.
Digital faucets decrease tap flow and manage digital temperature-control settings, conserving money and water.
It uses programmable features, such as timed shower setting or a teeth-brushing option that runs for an allotted time frame.Request a sample this report by clicking the link below:https://www.polarismarketresearch.com/industry-analysis/smart-bathroom-market/request-for-sampleGoogle has filed patents to enhance its offerings in this industry.
