-- Market Scenario:
A smart toilet is defined as a toilet device that automatically opens up and flushes a toilet or urinal when finished. It comprises of hardware components such as water jets, bottom washers, blow dryers, and artificial flush sounds to mask noises. It can be used for operating medical functions such as urine and stool analysis for medical monitoring. The Smart Toilet has a wide application in commercial, residential, and healthcare sector.
The growing aging population, increasing urbanization and raising awareness for water and energy conservation are some of the major factors driving the growth of smart toilet during the forecast period. However, the high cost of implementation, the dominance of traditional toilets over smart toilets and prevalence of domestic sanitary ware product manufacturers are some factors hampering the growth of the market and has impacted the smart toilet market on a global scale. The global smart toilet market is segmented into type, connectivity, usage, distribution channel, and region.
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Developing nations like India, China, and Singapore showcases significant rise in the commercial constructions owing to the government initiatives and the economic developments. Apart from it, prominent factors such as growing urbanization and technology advancement have brought a huge change in human lifestyle. The changing lifestyle demands better sanitary facilities and the trend towards innovation and adoption of smart technologies create a huge demand for smart toilets. This rise in demand and rising brand consciousness along with an increase in the personal disposable income is anticipated to fuel the growth of smart toilet market. The rising concerns regarding hygiene and contagious diseases are boosting the growth of smart toilet market. IT companies have played a significant part in the growth of smart toilet market. The hectic work culture of the IT industry, long working hours and large employee sizes have prevailed enterprise management team has resulted in the demand for more stylish interiors, and hygiene proof smart toilets specifically for the female employees is further fuelling the market growth.
It is observed that the commercial sector has been relatively strong in 2016. The major aspect in the commercial sector that is aiding the growth of smart toilet market is the rise in offices, hotels and lodging buildings. Thus, the rise in commercial sector has led to the development of smart toilets in offices, malls, and other consumer discretionary sector, which eventually is boosting the smart toilet market. Owing to the rise in employment & urbanization, the demand for smart toilet is gaining popularity in the healthcare and hospitality sector. According to the above mention factors, the rise in the commercial construction sector is expected to drive the growth of smart toilets market.
Global Smart Toilet Market is expected to grow at a CAGR of approximately 15.12% during the forecast period 2017-2023.
Key Players
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.
Segmental Analysis:
The global smart toilet market is segmented on the basis of type, connectivity, usage, and distribution channel.
• By type, the global smart toilet market is segmented into wall hung toilets, close-coupled toilets, single floor standing toilets, one-piece toilets, and others. Wall hung toilets are the dominant type segment in the global smart toilet market and are likely to grow at a CAGR of 16.78% over the forecast period.
• By connectivity, the global smart toilet market is segmented into Bluetooth, wi-fi, and others. Bluetooth is the dominant segment of the global smart toilet market at present, however, the wi-fi segment is likely to grow at the highest rate over the forecast period, exhibiting a CAGR of 15.87%.
• By usage, the global smart toilet market is segmented into commercial and residential.
• By distribution channel, the smart toilet market is segmented into online and offline.
Regional Analysis:
The report segments the global smart toilet market by region into North America, Europe, Asia Pacific, and rest of the world. Asia Pacific is the leading regional segment of the global smart toilet market due to the growing government efforts to build smart toilets in urban as well as rural regions. The increasing demand to improve the reach and quality of urban infrastructure and make it more hygienic is likely to result in growing demand from the smart toilet market in the developing countries in Southeast Asia. The residential sector in this region is also likely to make significant contributions to the global smart toilet market, however, it is likely to be dwarfed by the infrastructure segment.
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Intended Audience
• Technology investors
• Integrated device manufacturers (IDMs)
• Original equipment manufacturers (OEMs)
• Research/Consultancy firms
• Device Manufacturers
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 498522
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