Overview and Scope
Smart bathroom refers to an area that engages and connects with users through integrated technology and data. It is intended to raise the bar for personal hygiene and cleanliness. Additionally, it improves safety, operations, and the customer experience while providing stakeholders with information into how to save labor and resources.
Sizing and Forecast
The smart bathroom market size has grown strongly in recent years. It will grow from $4.56 billion in 2023 to $4.98 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increased focus on home automation, rising awareness of water conservation, luxury and comfort expectations, aging population and accessibility, energy efficiency considerations.
The smart bathroom market size is expected to see strong growth in the next few years. It will grow to $7.2 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to health and wellness integration, customization and personalization trends, smart mirrors and interactive displays, environmental sustainability solutions. Major trends in the forecast period include health and wellness features, advanced hygiene solutions, enhanced security and privacy, augmented reality (AR) in design and planning, integration with smart home ecosystems.
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Segmentation & Regional Insights
The smart bathroom market covered in this report is segmented –
1) By Product: Hi-Tech Toilets, Soaking Tubs, Digital Faucets, Other Products
2) By Connectivity: Bluetooth, Wi-Fi, 3G
3) By Distribution: Offline, Online
4) By Application: Commercial, Residential
North America was the largest region in the smart bathroom market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the smart bathroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising demand for smart homes is driving towards the increase of smart bathroom market. The increasing disposable income leads to upgrading to a smart house that consists more innovative technologies with voice commands or internet connected technologies or Bluetooth connected technologies. For example, according to India Brand Equity Foundation, an Indian Government export promotion agency, by 2040 real-estate market will expand up to 65000 crores in India ($9.30 billion) from 12000 crores ($1.72 billion) in 2019. This leads to people buying their new homes every year. Whereas, in USA there is at least 118 million people using voice commands in home for a month. Hence the increasing demand for smart homes will drive the market for smart bathrooms.
Key Industry Players
Major companies operating in the smart bathroom market report are Pfister Company, LIXIL Group Corporation, MASCO Corporation, Kohler Co, Toto Ltd., Bio Bidet, American Standard Brands LLC, Roca Sanitario SA, GROHE AG, Bradley Corporation, Jaquar Group Co Ltd., Villeroy & Boch AG, RAK Ceramics P.J.S.C, Duravit AG, Moen Incorporated, Delta Faucet Company, HSIL Limited, Cera Sanitaryware Limited, Sloan Valve Company, Symmons Industries Inc., Ove Decors, The Chicago Faucet Company, Jacuzzi Brands LLC, Kallista Co, Brondell Inc., Aquatica Plumbing Group, Aquamoon LLC, Novellini Spa, Colston Bath & Spa Pvt Ltd.
The smart bathroom market report table of contents includes:
1. Executive Summary
2. Smart Bathroom Market Characteristics
3. Smart Bathroom Market Trends And Strategies
4. Smart Bathroom Market – Macro Economic Scenario
5. Global Smart Bathroom Market Size and Growth
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32. Global Smart Bathroom Market Competitive Benchmarking
33. Global Smart Bathroom Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Bathroom Market
35. Smart Bathroom Market Future Outlook and Potential Analysis
36. Appendix
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