The market across North America is estimated to hold the largest share during the forecast period. However, the market across Asia-Pacific would grow at a CAGR of 13.8% during the forecast period.
As per the report published by Allied Market Research, the global smart bathrooms market is estimated to reach $10.88 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030. The report highlights market characteristics, market potential, growth by segmentation, and competitive landscape.
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Amar Chinchane, Lead Analyst, Construction and Manufacturing at Allied Market Research, “Surge in development of commercial infrastructure, increase in awareness for energy & water conservation and hygiene, and rise in investments in building smart homes have boosted the growth of the global smart bathrooms market. However, high installation & maintenance costs hinder the market growth. On the contrary, expansion of the construction sector and technological developments would open new opportunities in the future.”
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The global smart bathrooms market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America is estimated to hold the largest share during the forecast period. However, the market across Asia-Pacific would grow at a CAGR of 13.8% during the forecast period.
The global smart bathrooms market is divided on the basis of product type, sales, and application.
Based on product type, the toilet segment would hold the largest share during the forecast period. However, the faucet segment is projected to portray the highest CAGR of 13.3% from 2021 to 2030.
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On the basis of sales, the in-store segment held the largest share in 2020, and would continue to dominate the market in terms of total revenue. However, the online segment is expected to register the highest CAGR of 12.5% from 2021 to 2030.
The global smart bathrooms market report includes an in-depth analysis of the major market players such as Toto Ltd., Roca Sanitario, Jacuzzi Brand LLC, Jaquar, Kohler CO., LIXIL Corporation, Cera Sanitaryware Ltd., Pfister (Spectrum Brands), MASCO Corporation and Delta Faucet Company.
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