The global smart toilet market size is expected to reach USD 12.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.3% over the forecast period. Rising consumer awareness regarding cleanliness and maintaining proper hygiene at the global level is expected to promote the utility of smart toilet. Additionally, shifting preference towards smart homes in the urban cities due to increasing importance of proper sanitation and offering convenience to the buyers is expected to increase spending on the installation of new smart toilets in the residential and commercial sectors.
The
governments of different countries including U.S., Germany, France, China, and
India have been implementing numerous initiatives to increase awareness
regarding the importance of saving water at the global level. As a result,
smart toilets are expected to optimize the water flow and thus, likely to gain
importance over the next few years.
The
commercial segment generated a revenue of USD 4.6 billion in 2018. These types
of smart products are majorly installed in hotels, restaurants, shopping malls,
and bars as consumers perceive them as the luxury products. Furthermore,
increasing spending on real estate investment in the commercial sector of
countries including China, India, Brazil, and Mexico is a key factor driving
the segment. Supportive government policies aimed at infrastructure development
are expected to expand the scope for smart toilet vanities as luxury products
over the next few years.
The
offline channels generated a revenue of USD 5.3 billion in 2018. Consumers
prefer these channels as they provide a choice of physical verification, prior
to any purchasing decision. Additionally, these brick and mortar stores offer
installation as well as aftersales services, which encourage the buyers to use
these channels.
Asia
Pacific is expected to be the fastest growing region with a CAGR of 12.8% from
2019 to 2025. Key countries contributing to the growth of the smart toilet
market are China, Japan, India, Australia, and Singapore. It has been observed
that sale of the smart toilet is increasing due to factors including rise in
disposable income of the middle class population and increasing number of smart
houses in the urban cities of the aforementioned countries. Furthermore,
growing consumer spending on bathroom hygiene and sanitation is expected to
expand the market scope in the upcoming years.
Some
of the key smart toilet manufacturers are Kohler Co.; Toto Ltd.; Roca Sanitario
SA; LIXIL Group Corporation; Duravit AG; Wellis; Masco Corporation; Bradley
Corporation; Fortune Brands; and Villeroy & Boch AG. Companies are
investing in product innovations to expand their customer base. For instance,
in December 2016, “Somany Ceramics Ltd.” has launched a range of smart toilets
with automatic flash system.
Full Research Report On Smart Toilet Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/smart-toilet-market
Further key
findings from the report suggest:
- The
residential application segment is expected to expand at the fastest CAGR
of 10.7% from 2019 to 2025 as a result of increasing number of smart homes
in the urban cities of key markets including U.S. and China
- The offline
segment generated a revenue of USD 5.3 billion in 2018. Online channel is
the fastest growing segment with a CAGR of 10.8% from 2019 to 2025 due to
its doorstep delivery services
- Europe was
the largest regional market with a revenue of USD 2.4 billion in 2018
- New product
launch is expected to remain a key strategy among the market participants
over the next few years.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/smart-toilet-market/request/rs1
Grand View Research has
segmented the global smart toilet market on the basis of application,
distribution channel, and region:
Smart Toilet
Application Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
Smart Toilet
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Smart Toilet
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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