The smart bathroom market has shown robust growth, with the market size rising from $4.56 billion in 2023 to $4.98 billion in 2024, at a CAGR of 9.3%. This growth is driven by home automation trends, water conservation awareness, and luxury expectations. The market is expected to continue growing, reaching $7.2 billion by 2028, with a CAGR of 9.7%. Key growth drivers include the integration of health features, customization trends, smart mirrors, and sustainability solutions.
Major Driver In The Smart Bathroom Market
The escalating demand for smart homes propels the growth of the smart bathroom market, with increasing disposable incomes driving the transition to technologically advanced residences. The prospect of smarter houses equipped with voice commands, internet-connected technologies, and Bluetooth connectivity contributes to the rising demand for smart bathrooms. According to the India Brand Equity Foundation, the real estate market in India is anticipated to expand to 65,000 crores ($9.30 billion) by 2040 from 12,000 crores ($1.72 billion) in 2019, reflecting the growing trend of people upgrading their homes. Additionally, in the USA, at least 118 million people utilize voice commands in their homes monthly, underscoring the increasing preference for smart home technologies. The surging demand for smart homes continues to drive the smart bathroom market, with these trends expected to shape the market landscape in 2023, 2024, and 2028.
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Smart Bathroom Market Competitive Landscape
Pfister Company, LIXIL Group Corporation, MASCO Corporation, Kohler Co, Toto Ltd., Bio Bidet, American Standard Brands LLC, Roca Sanitario SA, GROHE AG, Bradley Corporation, Jaquar Group Co Ltd., Villeroy & Boch AG, RAK Ceramics P.J.S.C, Duravit AG, Moen Incorporated, Delta Faucet Company, HSIL Limited, Cera Sanitaryware Limited, Sloan Valve Company, Symmons Industries Inc., Ove Decors, The Chicago Faucet Company, Jacuzzi Brands LLC, Kallista Co, Brondell Inc., Aquatica Plumbing Group, Aquamoon LLC, Novellini Spa, Colston Bath & Spa Pvt Ltd.
Key Smart Bathroom Market Trend
Technological advancement is a key trend gaining popularity in the smart bathroom market. Major companies in smart bathroom market are advancing in their new technologies and research and developments in the smart bathroom market. For instance, in February 2021, Watertec India Pvt. Ltd. an India-based company that operates in the water supply industry, launched AI-enabled smart bathroom solutions. The new product line consists of cutting-edge smart bathroom solutions that use artificial intelligence (AI) to give consumers access to a rich and tailored information source. These smart solutions includes aqceto, conti+, touchless cisterns by oli, and urimat – waterless urinals. The urimat waterless urinal bowls are composed of premium sanitary ceramics and high-tech plastic. they collect urine using patented, exchangeable activetrap technology without the need of chemicals or polluting oils, guaranteeing that no odors emerge. Hygienic sensor-activated dual flushes, programmable hygienic rinses, and thermal disinfection are features of the touchless cisterns by oli smart cisterns, which promote safety, cleanliness, and potable water quality.
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Smart Bathroom Market Segmentation
The smart bathroom market covered in this report is segmented –
1) By Product: Hi-Tech Toilets, Soaking Tubs, Digital Faucets, Other Products
2) By Connectivity: Bluetooth, Wi-Fi, 3G
3) By Distribution: Offline, Online
4) By Application: Commercial, Residential
By Geography:The regions covered in the smart bathroom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the smart bathroom market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the smart bathroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Smart Bathroom Global Market Report 2024 furnishes information about the global smart bathroom market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
