A smart toilet is a toilet device that automatically opens up and flushes a toilet or urinal after it has been used. Market Research Future (MRFR) has published a research report about the global smart toilet market that ciphers prosperity for this market at 15.12% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 11.1 bn by the end of the forecast period.
The vital factor enhancing the global Smart Toilet Market growth include increasing demand for smart toilets in developed nations, need for healthcare facilities for the senior citizens, and growing geriatric population. Other factors contributing to the market growth include raising awareness for water & energy conservation and increasing urbanization. However, some factors that can hinder the market growth include the dominance of traditional toilets over smart toilets, the high cost of implementation, and prevalence of domestic sanitary ware product manufacturers.
Some of the prominent players in the global smart toilet market: Roca Sanitario S.A, Toto Ltd, Kohler Co., LIXIL Group Corporation, Duravit AG, GWA Group Limited, Jomoo Group, Dongpeng Ceramic, Villeroy & Boch and Huida Sanitary Ware Co.
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The global smart toilet market can be segmented on the basis of connectivity, distribution channel, type, usage, and lastly region. The connectivity-based segmentation segments this market into Bluetooth, Wi-Fi, and others. Bluetooth is the largest market segment, and during the forecast period, Wi-Fi can be the fastest growing segment, expected to grow at 15.87% CAGR. Based on the distribution channel, the market has been segmented into online distribution and offline distribution.
By type, the market has been segmented into the close-coupled toilet, one-piece toilet, single floor standing toilet, wall hung toilet, and other. Wall hung toilet is the biggest market segment by the end of the forecast period; this segment is expected to grow at 16.78% CAGR. On the basis of usage, the market has been segmented into residential usage and commercial usage.
The regional segmentation of the global smart toilet market can segment the market into the regional markets namely the Asia Pacific, North America, Europe, and the rest of the world (RoW). Asia Pacific region has the largest market share due to increasing awareness towards the benefits of smart toilets, high investments by the government to build smart toilets in rural as well as urban areas, and importance of hygienic sanitary facilities. In this region, the major country-specific markets are China, India, Japan, and South Korea, followed by the remaining countries of Asia.
In North America and Europe, the market is powerful due to technological advancement, the presence of key market players, and initiatives by governments to encourage the installation and use of smart toilets. In North America, the crucial country-specific markets are USA, Canada, and Mexico. In Europe, such markets are France, Germany, and the UK, followed by the remaining countries of Europe.
The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA). In Latin America, the market is small because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future. In the MEA region, the market is small due to poor countries, lack of education, lack of skilled labor, lack of awareness, and lack of technological advancement.
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