Quick Summary:
In the fast-paced world of technology, the emerging global smart bathroom market is a compelling opportunity for savvy business executives looking to stay ahead of the curve. Driven by increasing consumer awareness and a surge in innovative product launches, the market for smart bathrooms, complete with automated plumbing and sanitary systems, is seeing robust growth. Smart bathrooms encompass cutting-edge hardware like sensor-enabled soap dispensers, automatic cistern systems, and touchless faucets. With advent of smart devices and voice control options, these bathrooms offer unmatched convenience, cost-effectiveness, and energy efficiency.
Numerous washroom renovation projects across the globe have further propelled the market expansion, indicating a higher demand for these advanced, smart bathroom solutions due to rising standards of living and income levels. This thriving market represents an enticing prospect for executives focused on growth and innovation. Furthermore, it has been observed that there is a moderate influx of new entrants into the smart bathroom industry, indicative of moderate product diffraction and switching costs. Competitive analysis unveiled in the report, including market structure, player positioning, winning strategies, and company evaluation quadrant, can offer essential insights to understand market dynamics and formulate impactful business strategies.
Rising Number of Washroom Renovation Projects Strengthening Market Growth
The increasing number of washroom renovation projects currently represents one of the primary drivers contributing to the growth of the market. There is a rise in the demand for advanced and smart bathrooms due to the changing living standards and inflating income levels of individuals across the globe. This, coupled with the growing adoption of convenient and easy-to-use bathroom solutions among the masses, is propelling the growth of the market.Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is moderately fragmented with the presence of a large number of players operating in the industry. The volume of new entrants is moderate in the smart bathroom industry on account of the moderate product diffraction and switching costs in the market.
What is a Smart Bathroom?
A smart bathroom refers to an automated plumbing and sanitary system that is designed to be controlled through smartphones, voice control devices, and other smart devices. It comprises various advanced technological hardware, such as touchless faucets, sensor-enabled soap dispensers, automatic cistern systems, smart windows, and hand dryers, that are widely available in different sizes, shapes, colors, and textures. It is convenient, easy to use and control, cost-effective, and increases energy efficiency. It provides centralized control of functions, such as lighting, air conditioning and heating, automated doors, digital faucets, soaking tubs, and automatic toilets. It assists in enhancing the appearance of the bathroom and providing a complete control and customization experience. Besides this, it is highly beneficial for aged and disabled users facing difficulty in managing daily activities. As a result, smart bathrooms are widely employed in the residential and commercial sectors across the globe.COVID-19 Impact:
The COVID-19 pandemic outbreak has caused a severe problem for the smart bathroom industry and imposed unprecedented challenges on numerous countries. Many production plants had to suspend their manufacturing operations on account of the fear of widespread coronavirus during the pandemic. Besides this, there was a shortage of labor and raw materials and supply and demand chain disruptions due to the stringent regulations on on-road movements across the globe, which also impacted the logistical and transportation sector. In line with this, the smart bathroom market has been impacted on account of travel bans and lockdowns. The overall travel business has witnessed a considerable decline due to the prolonged pandemic and the weak economic condition of individuals across the globe. However, post-pandemic, there is a rise in consumer awareness about maintaining more hygiene, which is supporting the growth of the market. In addition to this, the increasing adoption of touchless and sensors-based bathroom solutions to avoid the spread of viruses is strengthening the growth of the market.Smart Bathroom Market Trends:
At present, the increasing number of washroom renovation activities on account of the changing living standards of people, along with the inflating income level of individuals around the world, represents one of the key factors supporting the growth of the market. Besides this, the growing adoption of smart bathroom solutions due to the increasing awareness among the masses about maintaining hygiene and conserving water is positively influencing the market. Additionally, the emergence of the internet of things (IoT) in smart bathroom solutions for enhanced convenience is impelling the growth of the market. Apart from this, the wide availability of smart bathroom products through online and offline distribution channels across the globe is propelling the growth of the market. In addition to this, key players are introducing completely touchless functions with voice-controlled technology to provide convenience to users, which is contributing to the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global smart bathroom market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, distribution channel and end-use industry.Product Insights:
- Touchless Faucets
- Smart Toilets
- Touchless Soap Dispenser
- Touchless Cisterns
- Hand Dryers
- Smart Windows
- Others
Distribution Channel Insights:
- Offline
- Online
End-Use Industry Insights:
- Non-Residential
- Residential
Regional Insights:
- Europe
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global smart bathroom market. Some of the companies covered in the report include:- Duravit
- Jaquar
- Kohler
- LIXIL Group
- TOTO
- American Standard Brands
- Bradley Corporation
- Cera Sanitaryware Ltd
- Cleveland Faucet Group
- Delta Faucet Company
- Grohe
- Jacuzzi
- Novellini
- Pfister
- Roca Sanitario, S.A.
- Sloan Valve
Key Questions Answered in This Report
1. What was the size of the global smart bathroom market in 2022?2. What is the expected growth rate of the global smart bathroom market during 2023-2028?
3. What are the key factors driving the global smart bathroom market?
4. What has been the impact of COVID-19 on the global smart bathroom market?
5. What is the breakup of the global smart bathroom market based on the product?
6. What is the breakup of the global smart bathroom market based on the distribution channel?
7. What is the breakup of the global smart bathroom market based on the end-use industry?
8. What are the key regions in the global smart bathroom market?
9. Who are the key players/companies in the global smart bathroom market?
What is the estimated value of the Global Smart Bathroom Market?
What is the growth rate of the Global Smart Bathroom Market?
What is the forecasted size of the Global Smart Bathroom Market?
Who are the key companies in the Global Smart Bathroom Market?
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | July 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 2.6 Billion |
Forecasted Market Value ( USD | $ 4.3 Billion |
Compound Annual Growth Rate | 8.7% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |
Table of Contents
Companies Mentioned
- Duravit
- Jaquar
- Kohler
- LIXIL Group
- TOTO
- American Standard Brands
- Bradley Corporation
- Cera Sanitaryware Ltd
- Cleveland Faucet Group
- Delta Faucet Company
- Grohe
- Jacuzzi
- Novellini
- Pfister
- Roca Sanitario
- S.A.
- Sloan Valve
Methodology
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