Smart Bathroom Market To Reach USD 17.12 Billion By 2027

Global Smart Bathroom Market: Key Highlights

According to the new market research report “Smart Bathroom Market by Component (Hardware, Software, and Services), by Connectivity (Wireless, Wired) by Application (Residential, Commercial), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Smart Bathroom market is estimated to reach USD 17.12 Billion by 2027 at a CAGR of around 11.6% during the review period.
Smart technology is becoming an increasingly important selling point in the housing market. There are many start-ups all over the world are entering into the smart home and smart bathroom market.
In smart bathroom, by component segment is divided into hardware, software, and services. High tech toilets and smart taps are expected to dominate the hardware market during growth period.

Smart Bathroom Market

Global Smart Bathroom Market: Key Market Dynamics

Increasing need for energy conservation and hygiene maintenance and increasing aging population will drive the smart bathroom market during forecast period.
Moreover, adoption of IoT technology in smart bathroom will create some opportunities in the market during assessment period.
However, dominance of traditional bathrooms over smart bathrooms and technical complexity will restrain the market in the growth period.

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Global Smart Bathroom Market: Regional Overview

Asia-Pacific

Asia-Pacific is expected to grow at faster rate during projected years. Increasing population, increasing aging population, increasing construction industry, and increasing disposable income will drive the smart bathroom in Asia-Pacific. India, China, South Korea, and Taiwan will hold the largest market share in Asia-Pacific. The global players such as CERA Sanitaryware Limited and Jaquar will add fuel in the growth of smart bathroom market during next five years.

Europe

Europe is expected to dominate the market during forecast period. Developments and adoption of latest technologies in construction industry will create many opportunities for smart Bathroom market during forecast period. Increasing investments in smart technologies, smart building industry will drive the market in Europe. Germany, France, Italy, and the UK will hold the largest market share in Europe.

Global Smart Bathroom Market: Key Players Overview

Roca Sanitario, S.A.:

Roca is a one of the market leader in the provision of bathroom spaces for residential and commercial applications. Currently, the company is operating in more than 170 different countries and have 78 production plants spread across five continents. In May 2019, the company launched smart products for smart kitchen and bath applications. In-Wash, a smart toilet will provide an extraordinary bathroom experience for discerning consumers.

Kohler Co.:

The company provide world-class facilities and products for bathroom, kitchen, and lighting applications. The company operates in four regions such as North America, Asia-Pacific, Europe, and Middle East & Africa. In January 2020, the company launched KOHLER Konnect portfolio integrates innovative product design and quality craftsmanship with personalization options and command controls for gracious smart kitchen and bathroom experiences.

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