With the advent of the Internet of Things (IoT) and mounting user base of smartphones, a number of industries have taken up modernization and are rebranding themselves as smart industries. One such market is the global smart bathroom market. The increasing trend of automation is driving this market substantially. The rising popularity of hi-tech toilets and digital faucets are expected to support the growth of this market in the years to come.
This research study presents an all-inclusive study of the global smart bathrooms market, taking the market trends and prospects in consideration. The report also analyzes key segments of this market to offer a deep insight into it.
Global Smart Bathrooms Market: Competitive Analysis & Notable Developments
Although still at a nascent stage, the global smart bathrooms market is teeming with participants. Some of the leading players in this market are:
- Toto Ltd.
- Roca Sanitario
- LIXIL Group Corp.
- American Standard Brands
- Cleveland Faucet Group (MOEN)
- Cera Sanitaryware Ltd.
- Masco Corp.
- Bradley Corp.
- Delta Faucet Co.
To Get Glimpse of what our report offers, Ask for a Report Brochure here
These players are actively involved in strategic collaborations to enhance their visibility and retain their positions. Over the coming years, they are expected to focus more on product developments and new product launches. Let’s look at a few notable developments happened the recent past:
- LIXIL group recently entered into an acquisition agreement with India-based Sentini Sanitarywares. The company plans to invest US$65 mn to boost the production of ceramicware in India.
- Duravit launched furniture console systems in two new variants with different thickness of 30 mm and 45 mm. These consoles can be easily integrated into bathroom designs, such as above counter washbasins. With this, the company plans to gain a strong footing in the global smart bathroom market.
Demand for Hand Dryers to Remain Strong
The worldwide smart bathrooms market is analyzed on mainly three fronts: Type, end user, and geography. On the basis of the type, smart windows, touchless cisterns, hand dryers, smart toilets, touchless faucets, and touchless soap dispenser have surfaced as the key segments of this market. Among these, hand dryers are leading the market with significantly high demand. The increasing number of public washrooms is translating into a rise in the deployment of hand dryers, which will support this segment in the near future. Apart from this, touchless soap dispensers are also gaining prominence across the world.
To Get a Bird’s Eye View of Market Forecast, Ask for a Custom Report here
Non-Residential Segment Reports Higher Demand
In terms of the end user, residential and non-residential are the two major segments in the global smart bathrooms market. Among the two, the non-residential segment is reporting a higher demand for smart bathroom equipment. This can be attributed to the rising demand for hygiene maintenance in public washrooms.