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.
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.
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.
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.
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.
Please Choose One of them.