Press release
Smart Bathroom Market Report 2024-2033: Research, Insights, Demand Forecast
Smart Bathroom Market Report
As per the report, 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 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%.
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Rising Demand For Smart Homes Fueling The Boom In The Smart Bathroom Market
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.
Sustainable And Innovative Breakthroughs Are AI-Enabled Smart Bathroom Solutions
Technological advancement is a key trend gaining popularity in the smart bathroom market. Major companies in smart bathroom market are advancing in their new technologies and research and developments in the smart bathroom market. For instance, in February 2021, Watertec India Pvt. Ltd. an India-based company that operates in the water supply industry, launched AI-enabled smart bathroom solutions. The new product line consists of cutting-edge smart bathroom solutions that use artificial intelligence (AI) to give consumers access to a rich and tailored information source. These smart solutions includes aqceto, conti+, touchless cisterns by oli, and urimat - waterless urinals. The urimat waterless urinal bowls are composed of premium sanitary ceramics and high-tech plastic. they collect urine using patented, exchangeable activetrap technology without the need of chemicals or polluting oils, guaranteeing that no odors emerge. Hygienic sensor-activated dual flushes, programmable hygienic rinses, and thermal disinfection are features of the touchless cisterns by oli smart cisterns, which promote safety, cleanliness, and potable water quality.
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
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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.
Contents of the report:
1. Executive Summary
2. Smart Bathroom Market Report Structure
3. Smart Bathroom Market Trends And Strategies
4. Smart Bathroom Market - Macro Economic Scenario
5. Smart Bathroom Market Size And Growth
…..
27. Smart Bathroom Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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