The market for smart bathrooms is anticipated to reach a valuation of US$ 34.6 billion by 2034, up from an estimated US$ 9.5 billion in 2024. The industry is predicted to grow at a 13.7% CAGR from 2024 to 2034.
The need for smart bathrooms is being driven by rising global building activity and increased technical breakthroughs. The need for smart bathroom items like smart showers, smart faucets, smart mirrors, and more is being driven by the construction of residential and commercial venues like malls, workplaces, and hotels.
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The growing smart city projects by governments in many developing nations and the development of new smart public and commercial spaces, smart offices, airports, transportation stations, and others drive the market demand. Demand for smart bathroom products is expected to rise in the next few years due to product innovation by manufacturers.
With an increased standard of living of people in both developed and developing nations prefer smart bathroom appliances, such as smart toilets and smart showers, fueling the demand for smart bathroom products. The emergence of IOT technology drives demand for smart home bathroom products. People prefer smart homes with automation, such as touchless systems in rooms, living areas, and bathrooms. Convenience, security, and value are the key benefits of smart bathrooms.
The growing consumer preference for connected homes and energy-efficient solutions can also be regarded as a major factor driving the demand in the smart bathroom market. The flourishing hospitality sector, which includes hotels, resorts, and hospitals, is enhancing the need for smart bathroom accessories.
Key Takeaways from the Smart Bathroom Market Report:
- From 2019 to 2023, the smart bathroom market was valued at a CAGR of 9%
- Based on product type, the smart toilet segment is expected to account for a share of 35.5% in 2024.
- Global smart bathroom demand in China is predicted to account for a CAGR of 14.3% in 2024.
- In the United States, the smart bathroom market will account for a CAGR of 11.6% in 2024.
- Germany is projected to expand by a value CAGR of 13.2% between 2023 and 2034.
- Smart bathroom market in Japan is anticipated to record a CAGR of 15.0% in 2024.
“The increasing infrastructure development activities across the globe and growing popularity of smart bathroom products such as smart toilets, smart soap dispensers, and smart lighting systems are anticipated to drive the market growth during the forecast period.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.
Smart Bathroom Market Competitive Landscape:
The global intelligent bathroom industry is highly stagnant and competitive, with the presence of various global and regional players controlling the majority of the smart bathroom market share. According to the latest smart bathroom market analysis, key players are implementing innovative strategies, including investment in R&D, product expansions, and mergers & acquisitions.
- Grohe has developed smart bathroom solutions such as smart showers with precise temperature control, water-saving technologies, and digital faucets with motion-sensing capabilities.
- American Standard offers smart toilets featuring bidet functionalities, customizable cleansing options, and automated flushing. They also provide touchless faucets and shower systems focused on water efficiency.
- Moen has entered the smart bathroom market with innovations like voice-activated faucets, smart shower systems with app-controlled features, and water-monitoring technologies to promote conservation.
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Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global smart bathroom market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.
To understand opportunities in the smart bathroom industry, the industry is segmented based on Product (Smart Toilet, Smart Soap Dispenser, Smart Faucets, Showers, Smart Bathroom Mirrors, Smart Bathtubs), By Application (Residential, Commercial) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).
Smart Bathroom Segments Covered in the Report:
By Product:
- Smart Toilet
- Smart Soap Dispenser
- Smart Faucets
- Showers
- Smart Bathroom Mirrors
- Smart Bathtubs
By Application:
- Residential
- Commercial
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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