The growing penetration of smart homes, particularly in developing as well as developed states are driving the smart bathroom market growth
The global smart bathroom market size is likely to attain over USD 8.81 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 12.4% during the forecast years 2021-2028. As a result of technological developments, bathroom fixtures have changed dramatically in recent years. Bathroom fixture manufacturers are also moving their focus from traditional bathroom accessories to sensor-enabled bathroom accessories as technology develops. Other smart bathroom technologies include touchless faucets, sensor-enabled soap dispensers, automated cistern systems, automatic hand dryers, and more.
The need for smart bathrooms is being driven by the increased penetration of smart homes, particularly in emerging and established nations throughout the world. Furthermore, the rising popularity of home renovation projects and bathroom remodels, particularly in Western countries, has facilitated the development of a variety of smart bathrooms for both residential and commercial use. Due to growing house and mortgage prices, more expenditure on home renovation projects or home reconstruction is boosting item demand.
Programmable flush frameworks, smart toilets, and programmed faucets are all part of the smart bathroom. These structures aid in water and energy conservation. Development organisations are examining the progress of the smart building to combat the burden on infrastructure with features such as smart toilets in order to accelerate expansion. In addition, with the growing use of IoT to integrate home needs and gadgets, as well as the growing desire to transform conventional homes into smart homes, there has been an increase in interest in smart bathrooms.
Furthermore, in emerging nations like as China, India, and Japan, increased infrastructure expenditures in nonresidential real estate, as well as rising consumer demands for energy efficient houses, are projected to drive the growth of the smart bathrooms market. The worldwide smart bathrooms market is gaining pace in the nonresidential and residential sectors, owing to the growing need for energy efficient buildings.
The report also emphasizes several distinctiveness of the global smart bathroom industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the smart bathroom industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The smart bathroom market has tough competition among the new emerging and pre-established market vendors. Besides, the smart bathroom industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on the type segment, the market is bifurcated into smart windows, touchless cisterns, hand dryers, touchless soap dispenser, smart toilets, touchless faucets, and other types. In 2020, the smart toilets type sgment accumulated the significant market share and it is likely to continue its dominance throughout the forecast years. Based on the end use industry, the market is segmented into commercial and recidential. The commercial sector sized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years.
The major players of the global smart bathroom market are Brands, Bradley Corporation, Cera Sanitaryware Ltd. Delta Faucet Company, Jaquar, Cleveland Faucet Group(MOEN), Novellini, Grohe, Jacuzzi, and Kohler. Renowned companies are offering new smart bathroom products. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategies to remain competitive in the global market. For instance, Delta Faucet introduced new kitchen and bathroom collections in the year 2020. Coranto Kitchen Series, Emmeline Kitchen Collection, Delta Glass Rinser, Kayra Bath Collection, and Trillian Bath Collection are part of the collection.
Segment Overview of Global Smart Bathroom Market
Type Overview, 2019-2028 (USD Billion)
- Smart Windows
- Hand Dryers
- Touchless Cisterns
- Smart Toilets
- Touchless Soap Dispenser
- Touchless Faucets
End-User Industry Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America