03-Aug-2022 | Zion Market Research
The global smart toilet market was worth around USD 3,172.30 million in 2021 and is estimated to grow to about USD 4,474.55 million by 2028, with a compound annual growth rate (CAGR) of around 5.90 percent during the forecast period. The report analyzes the smart toilet market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the smart toilet market.
The smart toilet is a smart toilet device that opens and closes automatically. This smart toilet features several advanced sensor technologies that allow users to customize every detail, from warm water cleaning, UV disinfection, heated seats, and hands-free seat closing to automatic flushing, ambient lighting, and air freshener. In addition, smart toilets include hardware components such as sprinklers, bottom scrubbers, hair dryers, and artificial flushing sounds to mask the noise. Some smart toilets have built-in smart virtual assistants that allow users to create an ideal environment using just their voice. These toilets can also be connected to mobile apps that will enable users the freedom to set their personal preferences, such as preferred temperature, cleaning pressure, and status for each person in a household. Growing consumer demand for convenience hygiene products is expected to remain a driving factor in the global smart toilet market growth in the coming years. In addition, industry participants offer innovative hygiene technologies, including UV lighting, automatic flushing, Bluetooth connectivity, and auto-opening seat covers to provide an excellent bathroom experience for consumers.
The global smart toilet market is segregated based on application, distribution channel, and region. By application, the market is divided into residential and commercial. Among these, the commercial segment dominates the market, accounting for a significant percentage of global sales due to many high-end restaurants, bars, hotels, and shopping malls installing smart toilets to provide cleaning services to their customers. Furthermore, smart toilets are considered a premium product installed in high-end commercial places. By distribution channel, the market is bifurcated into online and offline. The offline distribution channels were the largest segment with significant revenue in 2021. Many consumers prefer to buy smart products from these channels because they provide a selection—of fact checks before making any purchase decision. In addition, various residential and commercial real estate companies partner with these stores to ensure the continued offering of discounted products.
Europe holds the dominant share of the global smart toilet market and is expected to maintain its leadership position throughout the forecast period. In 2021, this region accounted significant market share. Factors such as increasing consumer spending on maintaining bathroom hygiene and improving purchases of smart toilets are driving the region’s market. Many people in the UK and Germany prefer touchless smart toilets. In addition, increased spending on hygiene and health products in Germany, the UK, and France is a favorable factor for increasing the smart toilet market size.
Key market players in the global smart toilet market include Kohler Co., Toto Ltd., Roca Sanitario SA, LIXIL Group Corporation, Duravit AG, Wellis, Masco Corporation, Bradley Corporation, Fortune Brands, and Villeroy & Boch AG.
Browse the full “Global Smart Toilet Market By Application (Residential and Commercial), By Distribution Channel (Online and Offline), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/global-smart-toilet-market
Global smart toilet market is segmented as follows:
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