According to a new report, published by KBV research, The Global Smart Toilet Market size is expected to reach $13.5 billion by 2028, rising at a market growth of 9.3% CAGR during the forecast period.
The Residential segment has shown the growth rate of 9.9% during (2022 - 2028). The surge in the growth of the segment is primarily owing to the increasing significance of smart homes as a result of expanding demands for energy efficiency, push-button control and changing demographic preferences. These smart homes have built-in features, like smart LED lighting and smart toilets. Such cutting-edge toilets are regarded as an essential component of house decor.
The Offline segment acquired maximum the Global Smart Toilet Market by Distribution Channel in 2021 hereby, achieving a market value of $10.4 billion by 2028. Many customers choose to buy these smart items from these channels since they give them the option of physical verification before making any purchases. To ensure the ongoing availability of the goods at reduced prices, many commercial and residential real estate companies are also forming relationships with these stores.
The Europe market dominated the Global Smart Toilet Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5 billion by 2028.The North America market is exhibiting a CAGR of 8.6% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 9.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-toilet-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Xiaomi Corporation, Masco Corporation (Delta Faucet Company), LIXIL Group Corporation (Grohe AG), Roca Sanitario, SA (Roca Corporacion Empresarial, SA), Kohler Co., Toto Ltd., Bradley Corporation, Duravit AG, Wellis Magyarország Zrt., and Fortune Brands Home & Security, Inc.
By Application
By Distribution Channel
By Geography
Companies Profiled