Global Smart Bathroom Market is valued approximately USD 46.99 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 19.60 % over the forecast period 2020-2027. Smart bathroom have a number of advantages, including energy savings, improved control, and environmental friendliness. The growing adoption of smart homes and increasing home improvement projects have led the adoption of Smart Bathrooms across the forecast period. For instance, According to Berg Insight, the number of smart homes in North America and Europe reached 64 million in 2018. However, high development costs impede the growth of the market over the forecast period of 2020-2027. Also, with the increasing inclination towards smart bathroom, construction activities the adoption & demand for Smart Bathroom is likely to increase the market growth during the forecast period.
The regional analysis of global Smart Bathroom market is on the key regions namely Asia Pacific, Europe, North America, Latin America and Rest of the World. North America is leading the market in terms of market share due to increased spending on renovations in the commercial sector. Whereas, Asia-Pacific is expected to display the highest growth rate over the forecast period owing to the increasing tourism and growing accommodation industry in the region.
Major market player included in this report are:
American Standard Brands
Cera Sanitaryware Ltd.
Moen Incorporated
Lixil Group
Jacuzzi
Jaquar
Kohler Co.
Spectrum Brands
Roca Sanitario
Toto Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Smart Toilet
Smart Soap Dispenser
Smart Faucet
Smart Shower
Others
By Application
Residential
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027
Target Audience of the Global Smart Bathroom Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors