Global Smart Toilet Market Projected to Reach US$15.05

Dublin, September 6, 2024 (GLOBE NEWSWIRE) — The report “Global Smart Toilet Market: Analysis by Product Type, Connectivity, Application, Distribution Channel, Regional Size, Trends and Forecast to 2029” has been added to The Offer.

The global smart toilet market value was USD 8.27 billion in 2023 and is expected to reach USD 15.05 billion by 2029. During the forecast period 2024-2029, the global smart toilet market is projected to grow at a CAGR of 10.49%.

The smart toilet market has witnessed significant growth over the years, primarily due to technological advancements that have enabled the integration of various features such as auto-flush, bidet features, heated seats, and health monitoring sensors that improve user comfort and hygiene. Second, increasing awareness and concern about personal health and hygiene have fueled the demand as smart toilets can provide better cleanliness and track health metrics. Third, rising disposable incomes and the growing trend of home automation have made these high-tech equipments more accessible and attractive to consumers.

Furthermore, environmental concerns have led to a preference for water-saving and energy-efficient products, which are often used in smart toilets. Finally, the ageing population and their need for more accessible and user-friendly bathroom solutions have contributed to the expansion of the market as smart toilets offer features that support mobility among the elderly and make usage easier. Other key trends including integration with smart home ecosystems, water and energy efficiency, health monitoring features, expansion into emerging markets, etc. are expected to further drive the market growth.

Market segmentation analysis:

By product type: The pedestal toilet segment has garnered the largest market share in 2023 due to its wide popularity and ease of installation. Pedestal toilets have long been present in both residential and commercial spaces, resulting in greater convenience and confidence among buyers. The wall-hung toilet segment is the fastest growing segment. This growth is driven by their sleek, modern design and space-saving benefits that appeal to consumers seeking a contemporary and minimalist bathroom aesthetic. As more consumers prioritize style and functionality when renovating their homes, the demand for wall-hung smart toilets is expected to increase significantly.

By connection type: The Bluetooth and remote control segment gained the largest market share in 2023 due to its reliability and ease of use. These systems offer hassle-free connectivity without complex setup, making them accessible to a wider range of consumers. The convenience of controlling toilet functions through a remote control or Bluetooth-enabled device appeals to users who value easy and instant control over their bathroom experience. The Wi-Fi and integrated controls segment is expected to grow the fastest. This growth is driven by the rising demand for more advanced and connected smart home ecosystems. Wi-Fi-enabled smart toilets offer advanced features such as integration with other smart home devices, remote monitoring and control through mobile apps, and the ability to receive software updates for improved performance and new features. As the trend toward more sophisticated home automation continues, the adoption of Wi-Fi and smart toilets with integrated controls is expected to skyrocket.

After application: The commercial segment acquired the largest market share in 2023 due to increased demand for advanced sanitation solutions in public and high-traffic environments such as hotels, airports, office buildings, and shopping malls. These establishments value hygiene, water efficiency, and the overall user experience, making smart toilets an attractive investment. Conversely, the residential segment is expected to grow the fastest due to several factors. Homeowners are increasingly investing in smart home technologies to increase comfort, convenience, and property value. As awareness of the benefits of smart toilets – such as improved hygiene, water conservation, and health monitoring – grows, more consumers are willing to incorporate these advanced fixtures into their homes.

By sales channel: The offline segment gained the largest market share in 2023 as consumers traditionally prefer to shop in person, especially for high-value and technically complex products such as smart toilets. The online segment is expected to grow the fastest due to the increasing popularity of e-commerce platforms and the convenience they provide. Online shopping allows consumers to compare prices, read reviews, and access a wider variety of products from the comfort of their homes. The growth of digital marketing and targeted advertising is also helping online retailers reach a wider audience. In addition, advances in virtual reality (VR) and augmented reality (AR) are enhancing the online shopping experience.

By region: The Europe smart toilet market recorded the highest market share in 2023. The region's stringent regulations and strong focus on sustainability and energy efficiency are driving the demand for eco-friendly and water-saving smart toilets. Furthermore, the high standard of living and substantial disposable income in many European countries enable greater investments in modern bathroom solutions. Europe's robust infrastructure and widespread adoption of smart home technologies further support the dominance of the smart toilet market in this region.

Asia Pacific is witnessing the fastest growth in the global smart toilet market due to rapid urbanization and economic development, particularly in countries such as China, Japan, and India. These countries have large populations with rising disposable income and a growing middle class interested in advanced home technologies. Furthermore, the region has a long history of innovation in consumer electronics and smart home devices, which is driving local manufacturing and availability of smart toilets. Government initiatives to promote hygiene and water conservation are further strengthening the market, alongside rising awareness and demand for enhanced hygiene and health monitoring features offered by smart toilets.

Global Smart Toilet Market Dynamics:

Growth drivers

  • Rising disposable income
  • Ageing population
  • Urbanization and Smart City Initiatives
  • Health and hygiene awareness
  • Increasing installation of smart toilets in commercial premises

challenges

  • High installation and maintenance costs
  • Limited market awareness

Market trends

  • Integration of advanced technologies such as IoT and AI
  • Integration with smart home ecosystems
  • Water and energy efficiency
  • Health monitoring features
  • Expansion into emerging markets

Competitive landscape and current developments:

The global smart toilet market is fragmented and competitive, serving the domestic and international demand. The players in the global smart toilet market focus on offering high-quality products to meet customer demand. These players have a well-established customer base and dominate the market ranking with a high market share in the global smart toilet market.

The main players include:

  • Lixil Corp
  • Villeroy & Boch
  • Kohler Co. Roca Group
  • TOTO
  • Brondell
  • OVE Decors ULC
  • Dyconn faucet
  • Wellis Hungarian Ltd.
  • It took AG Jomoo Group
  • EPLO

Main features:

Report Attribute Details
Number of pages 141
Forecast period 2024 – 2029
Estimated market value (USD) in 2024 9.14 billion US dollars
Projected market value (USD) until 2029 15.05 billion US dollars
Average annual growth rate 10.4%
Regions covered Generally

Main topics covered:

1. Summary

2. Introduction

3. Global market analysis
3.1 Global Smart Toilet Market Analysis
3.2 Global Product Type Analysis for Smart Toilet Market
3.3 Global Connectivity Type Analysis of Smart Toilet Market
3.4 Global Smart Toilet Market Application Analysis
3.5 Analysis of global Smart Toilet market distribution channels

4. Regional market analysis
4.1 Europe Smart Toilet Market
4.2 North America Smart Toilet Market
4.3 Asia-Pacific Smart Toilet Market
4.4 Latin America Smart Toilet Market
4.5 Middle East and Africa Smart Toilet Market

5. Impact of COVID-19

6. Market dynamics
6.1 Growth drivers
6.1.1 Rising disposable income
6.1.2 Ageing population
6.1.3 Urbanization and Smart City Initiatives
6.1.4 Health and hygiene awareness
6.1.5 Increasing installation of smart toilets in commercial premises
6.2 Challenges
6.2.1 High installation and maintenance costs
6.2.2 Limited market awareness
6.3 Market trends
6.3.1 Integration of advanced technologies such as IoT and AI
6.3.2 Integration with Smart Home ecosystems
6.3.3 Water and energy efficiency
6.3.4 Health monitoring functions
6.3.5 Expansion in emerging markets

7. Competitive landscape
7.1 Global Smart Toilet Market: Competitive Landscape
7.2 Global Smart Toilet Market Players: Recent Developments
7.3 Global Smart Toilet Market Players: Product Comparison

8. Company profiles

For more information about this report visit https://www.researchandmarkets.com/r/pnvzp2

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  • Global Smart Toilet Market

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