Press release
Electronic Soap Market is to grow at a 6.7 % CAGR, with the United States leading the market through 2029
Electronic Soap Market
The Electronic Soap Market was USD 1.07 Bn in 2022 and is expected to expand at a CAGR of 6.7 % from 2023 to 2029, reaching USD 1.68 Bn by 2029. Electronic soap is becoming increasingly appealing as consumers become more aware of germs and look for items that reduce direct touch. Touchless access to soap is made simpler by automatic soap dispensers, which eliminate the need for users to come into contact with potentially contaminated surfaces. Electronic soap dispensers are a stylish addition to bathrooms and kitchens because of their sleek, modern designs and variety of finishes. United States being the largest contributor, North America made up 32.7% of the worldwide market for electronic soap dispensers.
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Electronic Soap Market Segmentation
By Product: The increased need for convenience and hygiene has made the touchless market one of the fastest-growing. Manual soap dispensers are still widely used due to their affordability and simplicity. Customers' preference for foam soap's ease of use and reduced soap usage is driving the foam market's expansion. Gel soap dispensers are more frequently used in upscale or niche business environments where a heavier soap consistency is desired.
By Type: Plastic dispensers dominate the market because of their low cost, lightweight construction, and production flexibility. Steel dispensers are becoming more common in upscale business settings like hospitals and hotels. Other materials are usually found in high-end and luxurious environments, such as spas, boutique hotels, or upscale residences.
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Electronic Soap Market Regional Analysis
In the United States, the electronics soap market is projected to develop at a compound annual growth rate (CAGR) of 12.82% from its 2023 valuation of USD 160 million to USD 330 million by 2030. One of the major key players, TOTO is one of the leading global manufacturers of high-quality bathroom products, including touchless soap dispensers.
The German soap dispenser market is expected to develop at a CAGR of 6.9% from its 2023 valuation of USD 82.0 million to USD 139.9 million by 2030. In 2023, Germany accounted for 4.5 % of the electronic soap market. Kohler Co., Rubbermaid Commercial Products, and GOJO Industries, Inc. are the major key players dominating the German market.
China has a market share of around 39.3% in the electronic soap industry, valued at about USD 471.6 million. There is a 6% CAGR forecast for the market between 2024 and 2030. A strong supply chain serving both local and foreign markets is shown by the large listings of these items seen on websites such as Alibaba and Made-in-China.com. "
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Electronic Soap Market Competitive Landscape
Kohler Co.: Kohler Co. acquired American Standard Brands' kitchen and bathroom product segment. Kohler acquired Moxie, the business that created the Moxie showerhead." Solaris was acquired by Kohler.
GOJO Industries: Mylan's health and hygiene product business, which includes a variety of skin care and sanitizing products, was acquired by GOJO Industries. GOJO has alliances with businesses that specialize in environmentally friendly sanitation products.
SC Johnson Professional: One of SC Johnson Professional's biggest acquisitions was the Deb Group, a world leader in hygiene and skin care products." Zep Inc. was not immediately acquired by SC Johnson Professional; rather it was purchased by its parent company, SC Johnson.
Conclusion
Continuous advancements in smart home technology and an increasing emphasis on sustainability, touchless soap dispensers are expected to become more popular in the commercial, residential, and healthcare sectors.
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