Electronic Soap Dispenser Market Growth & Trends
The global electronic soap dispenser market size is expected to reach USD 1.51 billion by 2030, expanding at a CAGR of 7.4% from 2024 to 2030. Rising awareness about personal hygiene is projected to drive the product demand. In addition, growing adoption of smart kitchens and bathrooms is expected to further propel the demand for automatic dispensers in both residential and nonresidential sectors.
The product has been segmented by raw materials which includes plastic, steel, and other materials such as glass, ceramic, and aluminum. Plastic is the most common raw material due to its low cost. Plastic products are significantly popular in the commercial and institutional segment, as these sectors require the product in bulk. However, rapid growth of the smart bathroom and kitchen in the residential sector is expected to fuel the growth of the fancy products made of steel, which complements the steel faucets. Thus, the metal dispenser market is expected to expand with the expansion of the smart and fancy bathroom interiors.
Asia Pacific is expected witness the fastest CAGR in 2019 to 2025 due to steady growth of the construction industry. Residential construction, hotels, and educational institutes are major construction activities of this region. According to the Asia Construction Outlook, in 2015, the infrastructure sector accounted for 37% of the total construction spending, of which 34% of the infrastructure projects were residential in 2015. This significant rise in residential, hotel, and public infrastructure is anticipated to boost the demand for electronic soap dispenser in the foreseeable future.
In December 2017, Sloan Valve Company, a global plumbing company partnered with GOJO Industries, Inc., a hand hygiene and skin care products manufacturer, to launch a new range of sensor-activated soap dispenser called PURELL Hand Sanitizer. This product line is designed paired with the popular faucets well suited for commercial sector including offices, airports, and schools.
Electronic Soap Dispenser Market Report Highlights
- North America held or the largest electronic soap dispensers market share of more than 35.7% in 2023.
- Asia Pacific electronic soap dispenser market is anticipated to witness significant growth during the forecast period.
- Commercial applications segment accounted for the largest revenue share in 2023.
- Plastic held the largest market share of 68.1% in the raw material segment in 2023.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Electronic Soap Dispenser Market Variables, Trends, & Scope
Chapter 4. Electronic Soap Dispenser Market: Raw Material Estimates & Trend Analysis
Chapter 5. Electronic Soap Dispenser Market: Application Estimates & Trend Analysis
Chapter 6. Electronic Soap Dispenser Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- TOTO LTD.
- American Specialties, Inc.
- Umbra
- simplehuman
- ORCHIDS INTERNATIONAL
- Toshi Automatic Systems Pvt. Ltd
- The Splash Lab
- Bobrick Washroom Equipment, Inc.
- ZAF ENTERPRISES
- Shenzhen SVAVO Intelligent Technology Co.,Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 929 Million |
| Forecasted Market Value ( USD | $ 1518.5 Million |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
