Press release
Smart Bathroom Market 2020 – 2023 Industry Players: Roca Sanitario SA, Kohler Co, Toto Ltd, Duravit AG, LIXIL Group Corporation, Fortune Brands
According to the new report released by Market Research Future (MRFR), the global smart bathroom market is projected to reach a significant market value of USD 10.93 billion by 2023 at a substantial CAGR of 10.74% over the review period.
The global smart bathroom market has witnessed gradual growth in recent years and is expected to observe a steady increase in the forecast period. The market is mainly driven due to rapid growth in the construction industry, with an increasing demand for deluxe features as one of the prime growth factors. The Smart Bathroom Market is fueled by the broad adoption of smart bathroom products in metropolitan areas.
To tackle the increasing emphasis on infrastructure and utilities, construction enterprises are investing in the expansion of smart buildings with properties such as smart bathrooms to support sustainable development and efficient energy management. Smart bathrooms optimally enclose several integrated solutions such as automated flush systems, smart toilets, and automatic faucets. These systems help conserve water and energy. Increasing concern regarding hygiene maintenance, energy conservation, and sustainable development has given rise to the demand for smart bathrooms.
The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Smart Bathroom Market. This MRFR report on the Smart Bathroom Market indicates critical pointers that may emerge as growth hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market participants.
Smart Bathroom Market Competitive Analysis:
The major market players operating in the global smart bathroom market, as identified by MRFR are Roca Sanitario SA (Spain), Kohler Co. (US), Toto Ltd (Japan), Duravit AG (Germany), LIXIL Group Corporation (Japan), Fortune Brands (Canada), Bradley Corporation (US), and Masco Corporation (China).
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4841
Smart Bathroom Market Segmental Analysis:
The global market smart bathrooms have been segmented on the basis of connectivity, product type, and end-user.
• Based on end-users, the market has been bifurcated into commercial and residential. The commercial segment accounted for the maximum market share in 2017, with a market value of USD 4.8 billion; it is slated to record a significant CAGR during the review period. The residential sector expected to lead the smart bathroom market. The considerable rise in the global population, with the growth of multibillion-dollar luxury and semi-luxury sanitary equipment manufacturing industry, will be the primary driving factor for the growth of the residential segment of the market over the review period. Also, the increasing urbanization with growth in the construction industry and growing demand for luxurious smart bathrooms, as one of the primary growth factors for the residential sector, will lead to the smart bathroom market over the forecast period.
• Based on product type, the global smart bathroom market has been segmented as hi-tech toilets, digital faucets, soaking tubs, and others (including smart windows, and smart mirrors). The hi-tech toilets accounted for the maximum market share in 2016; it is expected to register the fastest CAGR during the forecast period. Soaking tubs are the second-largest segment by product type over the review period.
• Based on connectivity, the market for smart bathrooms has been segmented as Wi-Fi, Bluetooth, and 3G. The Bluetooth segment accounted for a significant market share in 2016. Wi-Fi segment is expected to record the second-largest market share, and it is poised to register the fastest CAGR over the assessment period owing to its ease and flexible characteristics.
Smart Bathroom Market Regional Analysis:
The geographical analysis of the global smart bathroom market has been analyzed in four major regions, namely, North America, Europe, the Asia Pacific, and the rest of the world (including Latin America and the Middle East and Africa).
North America is estimated to dominate the global market for smart bathrooms, owing to the early adoption of technological innovations in the construction sector in the region. Moreover, the evolution of consumer demands is also encouraging manufacturers to incorporate advanced technologies in their offered products and services.
Europe is slated to dominate the smart bathroom market over the forecast period due to the rising demands in the smart technology, a government initiative to advance a network in rural areas and deployment of soaking tubs and high-tech toilets in the healthcare sector.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
Access Report Details @ https://www.marketresearchfuture.com/reports/smart-bathroom-market-4841
List of Table
Table 1 Global Smart Bathroom Market, By Product Type, 2017-2023 (Usd Million)
Table 2 Global Smart Bathroom Market, By Connectivity, 2017-2023 (Usd Million)
Table 3 Global Smart Bathroom Market, By End User, 2017-2023 (Usd Million)
Table 4 Global Smart Bathroom Market, By Region, 2017-2023 (Usd Million)
Table 5 Global Smart Bathroom Market: Market Size and Market Potential In Major Countries (Usd Million)
Continued…
List of Figure
Figure 1 Top Down & Bottom-Up Approach
Figure 2 Forecast Model
Figure 3 Dro Of Global Smart Bathroom Market
Figure 4 Supply Chain Analysis
Figure 5 Porter’s Five Forces Analysis of Global Smart Bathroom Market
Continued…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Bathroom Market 2020 – 2023 Industry Players: Roca Sanitario SA, Kohler Co, Toto Ltd, Duravit AG, LIXIL Group Corporation, Fortune Brands here
News-ID: 2092840 • Views: …
More Releases from MRFR (Market Research Future)
FRAM Market Poised for Robust Growth with 10.5% CAGR Through 2035
According to the latest Market Research Future (MRFR) analysis, the Ferroelectric RAM (FRAM) Market has shown promising growth and is expected to maintain strong momentum in the coming years. The market size, valued at USD 0.45 billion in 2023, is projected to rise from USD 0.5 billion in 2024 to an impressive USD 1.5 billion by 2035, registering a healthy CAGR of 10.5% during the forecast period of 2025-2035.
Get a…
Metrology Market Surges: From USD 10.7 Billion in 2023 to USD 18.4 Billion by 20 …
The global metrology market, a sector dedicated to the science of measurement, is undergoing a period of robust growth. Valued at an estimated USD 10.7 billion in 2023, the market is poised to expand significantly, with projections indicating it will reach USD 18.4 billion by 2032. This impressive trajectory represents a compound annual growth rate (CAGR) of 5.60% from 2024 to 2032, driven by a confluence of industrial and technological…
Industry 4.0 Market to Reach USD 309.45 Billion by 2032, Growing at 14.80% CAGR …
The global Industry 4.0 market was valued at USD 86.45 billion in 2023 and is projected to reach USD 309.45 billion by 2032, expanding at an impressive CAGR of 14.80% during the forecast period (2024-2032).
This exponential growth is driven by the rising adoption of smart devices, industrial IoT (IIoT), and connected value chains across sectors. As digital transformation accelerates, organizations are integrating intelligent automation, predictive analytics, and real-time decision-making into…
Electric Vehicle Charging Station Market Share, Trends, and Forecasts by 2032
Electric Vehicle Charging Station Market Overview:
According to a Market research Future (MRFR) study, the Electric Vehicle Charging Station market size is projected to reach a valuation of USD 316.9 Billion by the end of 2032. In addition, the report states that during the forecast period of 2023-2032, the Electric Vehicle Charging Station market is expected to grow at a CAGR of 38.5%.
A comprehensive analysis of the market is provided by…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
