Smart Bathroom Market Analysis Covering Market Size, Growth Factors, Demand, Trends And Forecast 2023

Market Highlights
Increasing concern regarding energy conservation, hygiene maintenance, and sustainable development has given rise to the demand for smart bathrooms. For instance, in the U.S., smart bathrooms are gaining importance as they are equipped with advanced technologies that help conserve energy and maintain hygiene. Similarly, in Germany, the government has introduced the concept of smart bathroom in the construction market to control and reduce high energy costs. In India, the growing population & urbanization have led to an increasing demand for energy, water, and housing. To combat this challenge, the government is encouraging the construction of smart buildings.

Global smart bathroom market has been segmented based on product types, end-use and regions. On the basis of product types, the market has been segmented as smart windows, hand dryers, touchless cisterns, touchless soap dispensers, smart toilets, touchless faucets, and others. Touchless faucets is expected to dominate the market due to its growing application in both, commercial and residential sector. Based on the end-use the market has been segmented as residential and commercial. The residential sector is expected to hold a major market share during the forecast period, due to the increasing population and growth in disposable income.

On the basis of region, Asia Pacific region holds the largest share of the market, in 2016, and is expected to grow at a high rate. The continuous growth in residential and commercial sector in Asia Pacific, requires a smart bathroom for decorative and modern interiors with luxurious features. Also, the growing attention towards the development of modern infrastructure with beautiful interior are majorly contributing in the growth of smart bathroom in this Asia Pacific for forecast period.

The Global Smart Bathroom Market is expected to grow at ~ 7% CAGR during the forecast period.

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Key Players
The key players of global smart bathroom market are Bradley Corporation (U.S), Grohe AG (Germany), Little Giant (U.S), Kohler Co. (U.S), Moen, Inc. (U.S), Delta Faucet Company (U.S), Toto Ltd. (Japan), Gerber Plumbing Fixtures LLC (U.S), Roca Sanitario, S.A. (Spain), American Standard Brands (U.S) and Sterling Faucet Co. (U.S).

Global Smart Bathroom Market
The global smart bathroom market is expected to witness a phenomenal growth during the forecast period. This is due to the considerable growth in the construction industry with population boom along with declining interest rates, which has propelled the housing market in various regions. The growth is primarily attributed to rising incomes from the economic growth, which is likely to continue during the forecast years. Increasing demand for luxurious features, is driving the demand for smart bathroom market, globally. The Asia Pacific region is currently the leading region in global smart bathroom market, and is followed by Europe and North-America.

Table of Content

1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF SUPPLIERS
3.1.3 BARGAINING POWER OF BUYERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY

4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS

5 GLOBAL SMART BATHROOM MARKET, BY PRODUCT TYPE
5.1 INTRODUCTION
5.2 SMART WINDOWS
5.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
Continue…….

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