Smart Bathroom Market Size to Grow USD 2709.1 Million by 2030 at a CAGR of 7.4% | Valuates Reports
BANGALORE, India, May 17, 2024 /PRNewswire/ -- Smart Bathroom Market is Segmented by Type (Smart Toilets, Smart Faucets, Shower Systems, Smart Windows), by Application (Commercial, Residential).
The Global Smart Bathroom Market size was USD 1634 Million in 2023 and is forecast to a readjusted size of USD 2709.1 Million by 2030 with a CAGR of 7.4% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Smart Bathroom Market:
Due to their improved user experience, cost-effectiveness, and hygiene, smart toilets in commercial settings are a major factor in the market's expansion. Smart toilets featuring touchless flush systems, automatic cleaning, and water-saving features enhance hygienic conditions and save maintenance costs in high-traffic areas like workplaces, airports, and shopping malls. Smart technology integration in public bathrooms not only satisfies evolving hygienic requirements but also offers a sophisticated, modern user experience that is becoming more and more desired by customers and companies. A greater number of business industries are adopting and investing in smart bathroom solutions as a result of this trend.
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TRENDS INFLUENCING THE GROWTH OF THE SMART BATHROOM MARKET
Due to their improved user experience, cost-effectiveness, and hygiene, smart toilets in commercial settings are a major factor in the market's expansion. Smart toilets featuring touchless flush systems, automatic cleaning, and water-saving features enhance hygienic conditions and save maintenance costs in high-traffic areas like workplaces, airports, and shopping malls. Smart technology integration in public bathrooms not only satisfies evolving hygienic requirements but also offers a sophisticated, modern user experience that is becoming more and more desired by customers and companies. A greater number of business industries are adopting and investing in smart bathroom solutions as a result of this trend.
The market demand for smart bathrooms is being driven by consumers' growing attention to health and wellbeing. Users may easily track important health parameters using products like smart scales, health-monitoring mirrors, and toilets with built-in diagnostics. The current wellness trend finds this emphasis on health-oriented aspects particularly appealing, which incentivizes customers to invest in smart bathroom solutions. Moreover, increased efficiency is a key design feature of smart bathroom goods, which addresses rising environmental concerns. Water and energy usage may be decreased with the use of features like energy-efficient lighting, automated water shut-off systems, and low-flow smart showers and faucets. These ecologically friendly features not only promote sustainability but also cut utility costs, which appeals to consumers who are both economical and environmentally sensitive.
The market for smart bathrooms is also being driven by the need for more comfort and convenience in everyday routines. The comfort and convenience of using bathrooms are greatly increased with smart toilets with heated seats, programmable settings, and automated cleaning capabilities, as well as showers that remember user preferences for water pressure and temperature. Market expansion is fueled by this need for simplicity of use and customisation. The need for smart bathroom solutions that provide improved safety and accessibility is rising due to the aging global population. Smart elements that meet the demands of older individuals and support their freedom and safety in their homes include automatic fixtures, fall detection sensors, and voice-activated controls. The usage of smart bathroom technology is greatly increased by this demographic trend.
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SMART BATHROOM MARKET SHARE ANALYSIS
The LIXIL Group, Kohler, Jaquar, and other leading companies are present in the worldwide smart bathroom industry. About 45% of the worldwide market is occupied by the top 3 competitors.
With over 70% of the world market, North America and Europe are the two largest regions.
With a 50% market share, smart toilets are the most common variety.
The primary application, accounting for over 55% of the share, is commercial.
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Key Companies:
- Duravit
- Jaquar
- Kohler
- LIXIL Group
- TOTO
- MOEN
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