Smart Bathroom Market is Projected to Grow at a CAGR of 10.92% During the Forecast Period

Pune, India, Oct 2021, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Smart Bathroom Market.

The smart bathroom market is predicted to reach USD 15.37 Billion by 2032, registering an 10.92% CAGR during the forecast period, 2024-2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.

The global market for smart bathrooms is expected to grow steadily during the forecast period. The growth can be primarily attributed to the increasing focus on energy consumption and hygiene maintenance, increasing population and rapid urbanization, and the growing trend of adopting smart bathrooms. Moreover, the rising awareness of sanitization in the rural sector is expected to create opportunities for market players during the forecast period. However, a high cost of implementation and dominance of traditional bathrooms over smart bathrooms is expected to restrain the growth of the global market during the forecast period.

Smart bathrooms are a sophisticated, personalized technological solution that combines IoT environmental and operational sensors with digital restroom 3D mapping to deliver intuitive user dashboards and alarms for real-time decision-making. Smart washroom solutions can assist with bathroom management on a day-to-day basis. These bathroom solutions are usually part of a larger package of smart building technologies. One of the most important—and frequently utilized—rooms in a home is the bathroom. It is also a place where a lot of water is used. However, it is often where a lot of water—and energy—is wasted. Smart bathroom technology can help save water and energy while also making daily rituals easier. Furthermore, in the bathroom, smart products can help improve hygiene. The need for smart bathrooms is rising due to the increasing penetration of smart homes in both emerging and established countries worldwide. Furthermore, the rise in home improvement projects and bathroom renovations, particularly in Western countries, is paving the way for the adoption of a variety of intelligent sanitation solutions in residential and commercial sectors.

Segmental Analysis

The smart bathroom market has been classified on the basis of product type, connectivity, end user, and region.

Based on product type, the smart bathroom market has been segmented into hi-tech toilets, soaking tubs, digital faucets, others. The hi-tech toilets segment accounted for the largest market share of 48.6% in 2020, with a market value of USD 2,179.1 million; it is projected to exhibit a CAGR of 12.8%. The soaking tubs segment was the second-largest market in 2020, valued at USD 1,018.3 million; it is projected to exhibit a CAGR of 11.0%. A hi-tech toilet is an intelligent toilet with several features such as touch-free flush, remote controls, comfort height, and others. These toilets automatically flush with the help of infrared sensors. It has a touch screen remote which allows the user to control the toilet operations with a single touch. Soaking tubs are freestanding bathtubs that are deep and contoured to offer a comfortable bathing experience. This type of tub is usually available in an oval shape having enough depth for water providing a total submersion. The digital faucet is a type of smart faucet which helps conserve water with the automatic shut-off feature. These faucets are designed using temperature gauges and efficiency sensors, making it easy to control the flow of water used in the bathroom. The others segment covers touch less soap dispensers, touch less cisterns, hand dryers, and smart windows, among others.

Based on connectivity, the smart bathroom market has been segmented into Bluetooth, Wi-Fi, and 3G. The Wi-Fi segment accounted for the largest market share of 56.9% in 2020, with a market value of USD 2,549.9 million; it is expected to register a CAGR of 9.9% during the forecast period. The Bluetooth segment was the second-largest market in 2020, valued at USD 1,126.5 million; it is projected to exhibit a CAGR of 11.0%. However, the 3G/4G segment is expected to register the highest CAGR of 16.1%. Bluetooth is a technology that enables the transfer of data between two devices located in a short distance. Smart bathroom solutions use this Bluetooth technology in appliances such as showers and bathtubs that offer multiple features. Wi-Fi is a wireless technology that connects smartphones, tablets, computers, and other devices to the Internet. Wi-Fi is used in several smart bathroom appliances such as bathtubs, toilets, showers, and faucets. The 3G services are the “third-generation services” that use cellular-based technology.

Based on end user, the global market has been classified into commercial and residential. The commercial segment accounted for the larger market share of 76.4% in 2020, with a market value of USD 3,427.7 million; it is expected to register a CAGR of 10.6% during the forecast period. In 2020, the residential segment was valued at USD 1,056.0 million; it is projected to register the higher CAGR of 14.2%.The commercial area includes shopping malls, office complexes, service stations, and restaurants. Smart bathroom appliances such as toilets, faucets, and hand dryers are most commonly used in the commercial sector. The hi-tech toilets offer complete automatic sanitization, thereby avoiding the spread of disease and germs. The residential areas mainly use smart bathroom products such as soaking bathtubs, hi-tech toilets, faucets, hand dryers, and smart windows. These appliances are connected to smartphones or tablets and can be operated through the Internet from a distance.

Competitive Analysis

The key players of the global smart bathroom market includeLixil Group (Japan), Kohler Co. (US), Toto Ltd. (Japan), Masco Corporation (US), Roca Sanitario SA (Spain), Duravit AG (Germany), Fortune Brands (US), Bradley Corporation (US), Cera Sanitaryware Ltd (India), Jacuzzi Inc. (US), and Sloan (US).

Regional Analysis

The smart bathroom market, by region, is divided into North America, Europe, Asia-Pacific, Rest of the World (ROW). The market is led by Europe, which occupied a 40.1% market share in 2020. The rise in government initiatives such as energy cost savings programs, water usage, and sanitization strategies under the Energy Efficiency Directive (EED) and European Union Water Initiative (EUWI) is expected to present growth opportunities for the smart bathroom market in Europe. Asia-Pacific is considered to be the fastest-growing regional market. It held a 12.9% market share in 2020. The growing awareness regarding health hygiene, energy conservation, and water usage has anticipated the growth of the smart bathroom market in Asia-Pacific.