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Smart Bathroom Market (Product Type - Digital Faucets, Sensor Taps, Smart Toilets, Smart Shower, Smart Bathtubs, and Others; Sales Channel - Distributors, Dealers, Online, and Others; Application - Commercial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : March, 2022

  • Rep Id : CGP00164

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the smart bathroom market provides in-depth analysis of segments and sub-segments in the global as well as regional smart bathroom market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart bathroom market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global smart bathroom market. According to the report, the global smart bathroom market is projected to grow at a CAGR of 10.95% over the forecast period of 2021-2027.

 

Market Insight

The global smart bathroom market was valued at USD 3.64 billion in 2021 and is expected to reach USD 6.78 billion in 2027, with a CAGR of 10.95% during the forecast period. Smart home goods are clearly here to stay, and they're gaining popularity in the bathroom and wellness industries. For the average customer, some of these technologies are still abstract, such as showerheads that combine cleansing goods with water, but these early stage advances hint at what the market might expect in the next years. From washing to well-being, today's bathroom is more than just a place for washing hands. Smart ideas, sustainable concepts, and a particularly private spa atmosphere are among the current bathroom trends that inspire. A smart bathroom not only impresses with practical everyday aids but also with its relaxing ambiance and personal entertainment. The smart bathroom is being penetrated by the sustainability trend that helps in conserving water and energy resources.

 

Awareness of smart home technologies is growing due to increased exposure to automation of general consumers, increased accessibility to e-commerce platforms, and advertising campaigns by smart home technology providers, Smart home technologies also include smart bathroom technologies. Consumers are focusing on adopting smart bathroom technologies due to a growth in personal hygiene awareness. Many major players offer smart bathrooms as an integration of smart home technologies. According to the World Bank, the construction industry around the world was valued at USD 22 trillion. New construction projects, both commercial and industrial, are growing around the world. These new construction projects are being undertaken to fulfill the demands of a growing population and industries. According to the AGC Association, each year in the USA alone, 1.4 trillion dollars' worth of structures are built. These two factors have greatly advanced the growth of the market. The growth of the market may be restrained due to the high cost of installation and maintenance in the long run. Nevertheless, new growth opportunities are in foresight as innovative products are being developed by the market players.

 

Smart bathroom technologies are being actively adopted across residential areas by consumers in North America. Widespread awareness about the importance of personal hygiene, energy conservation, and water conservation has led to the active adoption of smart bathroom technologies. The majority of the population in North America is a working population, and they prefer the automation of their bathrooms to experience an effortless bathroom experience after a tiring day. high penetration of sales channels that allow easy distribution of smart bathroom products and make these products highly accessible in North America. Furthermore, smart technology trends are being widely adopted, mostly by the millennial and generation Y populations. The high spending power and standard of living of people has also greatly helped the growth of the market in the region. Secondly, smart bathroom products and technologies are being offered by a large number of local and major market players in North America.

 

Segment Covered

The report on global smart bathroom market covers segments such as product type, sales channel, and application. On the basis of product type, the sub-markets include digital faucets, sensor taps, smart toilets, smart shower, smart bathtubs, and others. On the basis of sales channel, the sub-markets include distributors, dealers, online, and others. On the basis of application, the sub-markets include commercial, and residential.

 

Smart Bathroom Market


Companies Profiled:

The report provides profiles of the companies in the market such as Kohler Co. , Jacuzzi Brand LLC, MASCO Corporation, Cera Sanitaryware Ltd.,  Jaquar Group, Brilloca Limited, LIXIL Group Corp., Toto Ltd., Bradley Corp., and Roca Sanitario, S.A.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of smart bathroom market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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