Smart Bathroom Market by Product Type (Toilets, Faucets, Showers, and Others), Sales Channel (In-store and Online), and Application (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030
The smart bathroom market size was valued at $3,774.6million in 2020, and is projected to reach $10,882.1 million by 2030, registering a CAGR of 11.2% from 2021 to 2030. Consumers are shifting toward the concept of building energy efficient homes and smart bathroom is one of the most important areas in conserving energy. Smart bathrooms have gained popularity among customers owing to development of technology-driven bathroom accessories and awareness regarding energy conservation. Sensor-driven elements such astouchless cisterns,smart windows, touchless cisterns,and others make up smart bathroom.
The expansion of the smart bathroom market is fueled by rise in consumer income and their desire to create smart and energy-efficient bathrooms. Furthermore, technology advancements and introduction of sensor-enabled systems, contribute in the smart bathroom market expansion. In addition, to save water, touchless faucets are being used owing to built-in smart sensors which turn off the tap automatically. However, high installation and maintenance costs, are projected to hinder the smart bathroom market growth.
Furthermore, various key players are focused on expanding its business by implementing strategic moves such as partnership, acquisition, and launching new &advanced bathroom products. For instance, in June2020, the Roca Sanitario launched L0 and L90 electronic faucets for bathroom basins. The water flow begins automatically when the presence of a user is recognized and it turns off when the sensor no longer detects it. These sensors faucets are an effective solution for preventing the transmission of viruses and germs while also conserving water at home.
The market is segmented on the basis of product type, sales channel, application, and region. By product, the market is classified into toilet, faucet, shower, and others. By sales channel, the market is divided into In store and online. By application, it is classified as residential and commercial.Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players operating in the global smart bathroom market are Toto Ltd., Jacuzzi Brand LLC, Roca Sanitario, Kohler CO., Jaquar, Cera Sanitaryware Ltd., LIXIL Corporation, Pfister (Spectrum Brands), MASCO Corporation and Delta Faucet Company.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging smart bathroom market trends and dynamics.
In-depth smart bathroom market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030.
Extensive analysis of the smart bathroom market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global smart bathroom market forecast analysis from 2021 to 2030 is included in the report.
The key players within smart bathroom market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart bathroom industry.
GLOBAL SMART BATHROOMMARKET SEGMENTS
BY PRODUCT TYPE
Toilet
Faucet
Shower
Others
BY SALES CHANNEL
In Store
Online
BY APPLICATION
Residential
Commercial
BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
Toto Ltd.
Jacuzzi Brand LLC
Roca Sanitario
Kohler CO.
Jaquar
Cera Sanitaryware Ltd.
LIXIL Corporation
Pfister (Spectrum Brands)
MASCO Corporation
Delta Faucet Company
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