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Revolutionizing Bathrooms with Rimless Toilets: Global Market Insights 2024
Bathrooms with Rimless Toilets Market Insights
According to The Business Research Company's, The rimless toilets market size has grown steadily in recent years. It will grow from $16.94 billion in 2023 to $17.28 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to hygiene and easy cleaning features, water conservation initiatives, demand in commercial spaces, awareness of bacterial contamination, increased residential construction.
The rimless toilets market size is expected to see steady growth in the next few years. It will grow to $18.99 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to focus on sustainable and eco-friendly solutions, customization options for consumers, growth in renovation and remodeling projects, government regulations for water efficiency, rising consumer preference for premium fixtures. Major trends in the forecast period include touchless and sensor-activated models, technological advancements in flushing systems, customization options for consumers, innovation in materials and finishes, integration of smart toilet technologies.
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Market Drivers and Trends:
The expansion of the hospitality industry is expected to propel the growth of the rimless toilet market going forward. The hospitality industry refers to the sector of the economy that is focused on providing services to people like food, lodging, and other types of assistance. This industry includes businesses such as hotels, restaurants, cruise ships, theme parks, casinos, and other forms of entertainment venues. The hospitality industry uses rimless toilets in its facilities due to their hygienic benefits and ease of maintenance. Rimless toilets add a touch of elegance to the overall aesthetic of a hotel or restaurant. For instance, according to the National Restaurant Association, a US-based restaurant industry business association, there were $899 billion in industry sales in the world. Also, globally, it is anticipated that these sales reached to $997 billion in 2023. Therefore, the expansion of the hospitality industry is driving the growth of the rimless toilet market.
Product innovations are a key trend gaining popularity in the rimless toilet market. Companies operating in the rimless toilet market are adopting new innovative products to sustain their position in the market. For instance, in December 2022, Kohler, a US-based plumbing products manufacturing company, launched Kohler's Numi 2.0 smart rimless toilet. This smart toilet has advanced features like voice control with an Alexa speaker, personalized settings with preferred water temperature, a heated seat, a foot warmer that provide a comfortable experience, an adjustable bidet wand that can be adjusted based on preference, an air dryer that provides more hygiene, Bluetooth speakers to play music or take phone calls, and nightlight facilities. This feature can be controlled with a remote.
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Major Key Players of the Market:
Duravit AG; Hindware Homes Limited; Grohe AG; Kohler Co.; Toto Ltd.; Caroma Industries Limited; Enware Australia Pty. Limited; Ceramica Flaminia S.p.A; Laufen Bathrooms AG; Lecico GmbH; VitrA; RAK Ceramics P.J.S.C; Villeroy & Boch AG; Twyford Bathrooms; AMPM; Ideal Standard International S.A.; Flaminia S.p.A.; Geberit Ltd.; Somany Ceramics Limited; Propelair Limited; Wallgate Limited; Sanitec Group; Parisi Bathware and Doorware Pty. Ltd.; Sonas Bathrooms; Seima Australia; Verotti Bathroom Culture; Hansgrohe SE; Doorware Pty. Ltd.; Mastellone S.p.A.; Roca Sanitario S.A.
Rimless Toilets Market 2024 Key Insights:
• The rimless toilets market size will grow to $18.99 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%.
• Rimless Toilets Enhancing Hospitality's Hygiene And Aesthetic Appeal
• Innovative Offerings Redefining The Rimless Toilet Market
• North America was the largest region in the rimless toilets market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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