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Smart Bathroom Market 2019 – 2023: Global Leading Growth Drivers, Business Trends, Emerging Audience, Industry Segments, Sales, Profits and Regional Study

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Smart Bathroom Market 2019 – 2023: Global Leading Growth Drivers, Business Trends, Emerging Audience, Industry Segments, Sales, Profits and Regional Study

June 30
01:02 2020
Smart Bathroom Market 2019 – 2023: Global Leading Growth Drivers, Business Trends, Emerging Audience, Industry Segments, Sales, Profits and Regional Study

Smart Bathroom Market
Global Smart Bathroom Market is expected to register a 10.74% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 5.92 billion in 2017.

Smart Bathroom Market Scenario:

With smart homes entering the customer mindset, smart bathrooms have become a natural addition to renovation projects. Smart bathrooms solutions are available in various ranges with basic digital showers to other customized additions.

The global Smart Bathroom Market report by Market Research Future (MRFR) enlightens readers with the latest trends in sanitary solutions with respect to aesthetics, ambience, and technology.

Competitive Landscape:

Kohler Co., Masco Corporation, Toto Ltd., Bradley Corporation, Duravit AG, Roca Sanitario S.A., LIXIL Group, and Fortune Brands are some of the biggest names profiled in the global smart bathroom market report.

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Market Outlook:

The global smart bathroom market is estimated to generate significant revenue at 11% CAGR from 2017 to 2023 (forecast period). It is driven by the need for energy-efficient solutions with the rising consumption of electricity and the growth in the global populace. The integration of technology in all aspects of daily routines is likely to trigger the demand for smart bathrooms which are used for maintaining hygiene by users.

Immense demand for modern bathrooms with the latest amenities is likely to drive the global market demand. Bathrooms with demisting mirrors or voice-activated showers are some of the instances in the market. The focus on water conservation is expected to hike the demand in bathroom products such as automatic faucets, automatic flush systems, and smart toilets.

Segmentation Analysis:

The global smart bathroom market is segmented by product type, connectivity, and end-user.

  • By product type, it is segmented into digital faucets, hi-tech toilets, soaking tubs, and others. Hi-tech toilets are expected to accrue sales by exhibiting 10.34% CAGR during the forecast period. This can be credited to the changing customer perspective on lifestyle. Soaking tubs also have a significant market share due to the benefits of hot and cool baths which can provide stress relief and ensure quality sleep. Digital faucets can command a sizeable market share due to its ability to use facial recognition to stream water rate according to the user.
  • By connectivity, it is segmented into 3G, Wi-Fi, and Bluetooth. Among these, the Bluetooth segment can exhibit 10.44% CAGR during the forecast period.
  • By end-user, it is segmented into commercial and residential. The commercial segment is predicted to display a strong 10.67% CAGR over the forecast timespan. This can be attributed to the mushrooming of malls, entertainment hubs, and large hotels. On the other hand, the residential segment is touted to dominate the market till 2023 due to technological developments which led to the marriage of technology and sanitaryware. The rapid rate of urbanization and construction of modern residential buildings offer an abundance of scope to the smart bathroom market.

Regional Analysis:

Region-wise, the global smart bathroom market is segmented into Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW).

The North America region held the largest market share due to consumer demand in the U.S. and Canada. Rise in technological advances as well as awareness among consumers are prime factors driving the regional market. In addition, the use of smart bathrooms in manufacturing and healthcare are expected to augur well for the smart bathroom market till 2023.

The APAC region is projected to be lucrative for the global market due to adoption of smart homes in China and India. Changing consumer mindsets and high expendable income levels are factors which can drive the regional market growth.

Industry News:

The Numi 2.0 Intelligent toilet by Japanese manufacturer Toto has all the needs and comforts demanded by the modern user. It offers ambient lighting, suitable music, and other features commanded easily with help of Amazon Alexa.

Kohler Co, an American company renowned for its bathroom products, has launched the Veil Lighted Bathroom Collection. These smart bathroom fixtures can control the temperature and lighting for a comfortable experience. The devices work with the help of the Internet and display the weather and plays music which is synced with the smartphone.

Table of Contents

1        Executive Summary

2        Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research Objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

3        Market Research Methodology

3.1       Research Process

3.2       Secondary Research

3.3       Primary Research

3.4       Forecast Model

Continued…

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List of Table

Table 1 Global Smart Bathroom Market, By Product Type, 2017-2023 (Usd Million)

Table 2 Global Smart Bathroom Market, By Connectivity, 2017-2023 (Usd Million)

Table 3 Global Smart Bathroom Market, By End User, 2017-2023 (Usd Million)

Table 4 Global Smart Bathroom Market, By Region, 2017-2023 (Usd Million)

Table 5 Global Smart Bathroom Market: Market Size and Market Potential In Major Countries (Usd Million)

Continued…

List of Figure

Figure 1 Top Down & Bottom-Up Approach

Figure 2 Forecast Model

Figure 3 Dro Of Global Smart Bathroom Market

Figure 4 Supply Chain Analysis

Figure 5 Porter’s Five Forces Analysis of Global Smart Bathroom Market

Continued…

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/smart-bathroom-market-4841

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