Smart Toilet Market 2020 Global Analysis, Industry Segments, Top Leaders, Future Plans and Industry Growth with 15.12% of CAGR by Forecast 2023

Market Research Future published a research report on “Smart Toilet Market Research Report - Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview:

Smart toilets are toilets that automatically opens door and flushes upon the completion of urinal or toilet. It comes with several hardware components like water jets, bottom washers, blow dryers, and artificial flush sounds to mask noises. It also facilitates urine and stool analysis for medical monitoring. The smart toilet market is building its reputation on such extraordinary features owing to which a hike in CAGR to 15.12% during the forecast period (2017-2023) is possible. Market Research Future (MRFR) in their analysis of the Smart Toilet Market predicts smooth growth in the foreseeable future.

Factors like surge in construction sector, increasing disposable income, and growing eco-awareness are boosting smart toilet market’s prospect. Rapid urbanization and transforming rural areas are also creating demand for such toilets for better hygiene maintenance. In developing countries, the growth of the smart toilet market is witnessing high demand.

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Key Players

Some of the prominent players in the global smart toilet market: Roca Sanitario S.A, Toto Ltd, Kohler Co., LIXIL Group Corporation, Duravit AG, GWA Group Limited, Jomoo Group, Dongpeng Ceramic, Villeroy & Boch and Huida Sanitary Ware Co.

Segmental Analysis:

The global smart toilet market can be segmented on the basis of connectivity, distribution channel, type, usage, and lastly region. The connectivity-based segmentation segments this market into Bluetooth, Wi-Fi, and others. Bluetooth is the largest market segment, and during the forecast period, Wi-Fi can be the fastest growing segment, expected to grow at 15.87% CAGR. Based on the distribution channel, the market has been segmented into online distribution and offline distribution.

By type, the market has been segmented into the close-coupled toilet, one-piece toilet, single floor standing toilet, wall hung toilet, and other. Wall hung toilet is the biggest market segment by the end of the forecast period; this segment is expected to grow at 16.78% CAGR. On the basis of usage, the market has been segmented into residential usage and commercial usage.

Regional Analysis:

The regional segmentation of the global smart toilet market can segment the market into the regional markets namely the Asia Pacific, North America, Europe, and the rest of the world (RoW). Asia Pacific region has the largest market share due to increasing awareness towards the benefits of smart toilets, high investments by the government to build smart toilets in rural as well as urban areas, and importance of hygienic sanitary facilities. In this region, the major country-specific markets are China, India, Japan, and South Korea, followed by the remaining countries of Asia.

In North America and Europe, the market is powerful due to technological advancement, the presence of key market players, and initiatives by governments to encourage the installation and use of smart toilets. In North America, the crucial country-specific markets are USA, Canada, and Mexico. In Europe, such markets are France, Germany, and the UK, followed by the remaining countries of Europe.

The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA). In Latin America, the market is small because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future. In the MEA region, the market is small due to poor countries, lack of education, lack of skilled labor, lack of awareness, and lack of technological advancement.

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Intended Audience

• Technology investors
• Integrated device manufacturers (IDMs)
• Original equipment manufacturers (OEMs)
• Research/Consultancy firms
• Device Manufacturers

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This release was published on openPR.