The smart toilet market will witness a healthy growth from 2017 to 2023, a research report suggests. Growing at a CAGR of 15.12%, the market is projected to reach US$11.1 billion by 2023. Changing lifestyle and demand for convenient sanitary facilities is expected to support the market growth along with advantages with a range of efficient sensors incorporated in their systems. As predicted by analysts, the high implementation costs will negatively affect the market’s performance from 2017 to 2023. During the forecast period, the market will be supported by the changing social behaviour and the population growth. Wide preference for traditional toilets on the other hand will challenge sanitary ware sector based organizations functioning in the global smart toilet market. Analysts have split the market into connectivity, distribution channel, usage, and type segments based on products and services. Sanitary ware based companies have been profiled.
Key Vendors– Roca Sanitario S.A, LIXIL Group Corporation, GWA Group Limited, Duravit AG, Jomoo Group, Villeroy & Boch, Dongpeng Ceramic, and Huida Sanitary Ware Co. Ltd.
Access full market @ https://www.marketresearchfuture.com/reports/smart-toilet-market-5720
Market Segmentation
The sanitary ware sector has seen growth across connectivity, distribution channel, usage, and type segments owing to consumers aiming for more comfort and satisfaction and technological developments. To study the market, analysts have further segmented connectivity, distribution channel, usage, and type into distribution channel on the basis of online and offline. The market is further segmented into the type sub segment which is split into close-coupled, one-piece toilet, single floor standing toilet, wall hung toilet, and others. Additionally, the connectivity market on the basis of usage is segmented into Bluetooth, Wi-Fi, and others. The market is further segmented into type sub segments which is split into residential and commercial.
Regional Overview
Sanitary ware market based companies in the smart toilet market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The presence of untapped market opportunities will be a key growth driver for regional markets. However, the growing penetration of alternatives in the market will turn out to be a threat. For the forecast period 2017 to 2023 each of these regional markets are studied in the report. Starting from North America, the regional market and sanitary ware vertical based companies are spread across the United States, Canada, and Mexico.
Industry News
Our toilets have been ignored as artificial technology has changed our homes and offices. Despite the fact that Japanese companies are now selling high-tech bathrooms since the 1980s, we have yet to gain popularity outside of Japan. That is no longer the case! Kohler recently unveiled its second-generation Numi 2.0 Intelligent Toilet, which includes LED lights that can change colour seamlessly, you can and listen to music while you relieve yourself, a hands-free, Bluetooth, bidet and dryer, and more.
