Smart Bathroom Market Projected to Reach US$ 4.1 Billion Until 2022-2027 | CAGR 9.51% – Designer Women – Designer Women
The latest report by IMARC Group, titled “Smart Bathroom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global smart bathroom market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global smart bathroom market reached a value of US$ 2.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting at a CAGR of 9.51% during 2022-2027. A smart bathroom refers to an automated system that allows users to control and customize every aspect of the showering or bathing experience using a digital app or smart home system. It incorporates various components, such as an automatic smart toilet; programmed faucets; sensor-enabled soap dispenser; and automated flush framework, hand dryers and cistern systems. In recent years, smart bathrooms have gained traction with the development of smart homes and non-residential buildings to emphasize energy and water conservation. It also offers enhanced convenience to disabled users or the geriatric population and provides increased energy efficiency compared to conventional bathroom accessories.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Smart Bathroom Market Trends:
The global smart bathroom market is primarily driven by increasing infrastructure development projects and rising home remodeling activities. Rapid urbanization and high disposable incomes have also facilitated luxury lifestyles, thus prompting individuals to adopt smart bathrooms for both residential and commercial spaces. These bathrooms offer a spa-like experience due to the wide variety of built-in fittings, faucets, and dispensers operating on sensors. Furthermore, the growing awareness regarding personal hygiene and the conservation of water and energy is positively impacting the market. Besides this, key players in the tourism and hospitality industry are integrating smart bathrooms with the Internet of Things (IoT) to provide a superior experience to the users. The increasing penetration of automated and the internet of things (IoT)-enabled devices, such as high-tech toilets and soaking tubs, is further bolstering the market. For instance, PerfectFill by Kohler allows users to auto-fill a bathtub to their desired depth and temperature, wherein both the autofill and auto-drain function can be controlled through a voice assistant, such as Alexa or the Kohler Konnect app.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- LIXIL Group
- American Standard Brands
- Bradley Corporation
- Cera Sanitaryware Ltd
- Cleveland Faucet Group
- Delta Faucet Company