The global smart bathroom market size was valued at USD 7.52 Billion in 2022 and is likely to reach USD 21.02 Billion by 2031 , expanding at a CAGR of 12.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing number of smart homes, particularly in developing, and developed countries across the globe.
Customers are looking for the bathrooms that offer spa-like experience and have fixtures that works on sensors. The adoption of smart bathrooms helps in providing water for shower at required temperature with the help of voice-assistance devices such as Amazon’s Alexa and Google Home. This bathroom further discloses the water consumption and showering time. The commodes in the bathroom are flushed automatically.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing number of populations moving to urban areas has led to change in lifestyle, which in turn, has encouraged the development of smart houses. Thus, such factor is anticipated to propel the market growth.
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Increasing number of home improvement projects and washroom re-designs, especially in developed nations is expected to positively influence the growth of the market.
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Rising disposable income and increasing inclination to building energy-proficient homes are expected to drive the development of the smart bathroom industry.
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High cost associated with installation and maintenance of smart bathrooms is expected to act as a potential restraint for the growth of the global smart bathroom market
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Increasing need for energy-efficient buildings in the commercial and residential sector is expected to stimulate the market growth.
Scope of Smart Bathroom Market Report
The report on the global smart bathroom market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Smart Bathroom Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Smart Toilets, Smart Faucets, Shower Systems, Smart Windows, and Smart Bathroom), Applications (Commercial and, Residential)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends.
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Key Players Covered
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American Standard Brands, Cera Sanitaryware Ltd., Moen Incorporated, Lixil Group, Jacuzzi, Jaguar, Kohler Co., spectrum Brands, Masco Corporation, Roca Sanitario, Toto Ltd. Sloan Valve, Pfister (Spectrum Brands), Delta Faucet Company, and Bradley Corporation.
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Smart Bathroom Market Segment Insights
Based on types, the market is segmented into smart toilets, smart faucets, shower systems, smart windows, and smart bathrooms. The smart toilets segment is expected to hold a major market share due to the large consumer demand for daily toiletry needs. Additionally, the increasing demand for mobility-assist smart toilets owing to rising geriatric population is propelling the growth of this market segment. The shower systems segment is anticipated to grow at a healthy rate during the forecast period. Some bathroom showers come with Bluetooth technology, which permits the user to play music, while some of the shower systems come with a television mounted on the wall so one can watch TV programs.
In terms of applications, the market is divided into commercial and residential. The commercial segment dominated the market in 2020, in terms of revenue. This is attributed to the rapid growth in the commercial real estate sector in emerging economies including China and India, as a result of supportive government policies for urban development. The commercial sector, which incorporates malls and shopping centers has been heavily investing into rebuilding activities to upgrade the consumer's experience. On the other hand, the residential segment is anticipated to grow at a robust rate during the forecast period. Rising disposable income and increasing awareness about smart bathrooms are encouraging people to invest in innovative smart bathrooms. Moreover, growing spending on renovation is positively influencing the residential and commercial segments.
On the basis of regions, the market is classified as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2020, North America accounted for a large market share owing to the rising disposable income and early adoption of latest technologies in countries such as the US and Canada. On the other hand, the market in Asia Pacific is anticipated to grow at a healthy rate owing to increasing spending of government in countries such as India and China on urban planning.
Segments
The global smart bathrooms market has been segmented on the basis of
Types
- Smart Toilets
- Smart Faucets
- Shower Systems
- Smart Windows
- Smart Bathroom
Applications
Regions
- The Asia Pacific
- North America
- Latin America
- Europe
- Middle East
Key Players
- American Standard Brands
- Cera Sanitaryware Ltd.
- Moen Incorporated
- Lixil Group
- Jacuzzi
- Jaguar
- Kohler Co.
- Spectrum Brands
- Masco Corporation
- Roca Sanitario
- Toto Ltd.
- Sloan Valve
- Pfister (Spectrum Brands)
- Delta Faucet Company
- Bradley Corporation
Competitive Landscape
The major players in the market are American Standard Brands, Cera Sanitaryware Ltd., Moen Incorporated, Lixil Group, and Jacuzzi, Jaguar, Kohler Co., spectrum Brands, Masco Corporation, Roca Sanitario, Toto Ltd. Sloan Valve, Pfister (Spectrum Brands), Delta Faucet Company, and Bradley Corporation.
In May 2020, Masco Corporation, a global leader in the manufacturing of home improvement and building products, acquired Israel- based start-up SmartTag ltd., a smart bathroom faucet tap maker, to expand its bathroom faucet taps product portfolio. Such product portfolio expansion fuels Masco’s bathroom product business.