Smart Toilet Market Size Worth $12.7 Billion By 2025 Due To Rising Consumer Awareness Regarding Cleanliness And Hygiene At The Global Level | Grand View Research, Inc.
The global smart toilet market size is expected to reach USD 12.7 billion by 2025, expanding at a CAGR of 10.3% over the forecast period. Rising consumer awareness regarding cleanliness and maintaining proper hygiene at the global level is expected to promote the utility of smart toilet. Additionally, shifting preference towards smart homes in the urban cities due to increasing importance of proper sanitation and offering convenience to the buyers is expected to increase spending on the installation of new smart toilets in the residential and commercial sectors. Consumers prefer offline channels of distribution as they provide a choice of physical verification, prior to any purchasing decision. Additionally, these brick and mortar stores offer installation as well as after sales services, which encourage the buyers to use these channels.
In April 2020, a scientific study from Stanford University stated that a smart toilet is capable of detecting the sign of rectal diseases thereby boosting the disease detecting technology. Adding further, the smart toilet detects a range of various disease markers in urine and stool including cancers such as urological and colorectal cancers.
Smart Toilet Market Report Suggest:
• The residential application segment is expected to expand at the fastest CAGR of 10.7% from 2019 to 2025 as a result of increasing number of smart homes in the urban cities of key markets including U.S. and China
• The offline segment generated a revenue of USD 5.3 billion in 2018. Online channel is the fastest growing segment with a CAGR of 10.8% from 2019 to 2025 due to its doorstep delivery services
• Europe was the largest regional market with a revenue of USD 2.4 billion in 2018
• New product launch is expected to remain a key strategy among the market participants over the next few years.
• Companies are investing in product innovations to expand their customer base.
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Smart Toilet Market Segmentation
Grand View Research has segmented the global smart toilet market on the basis of application, distribution channel, and region:
Smart Toilet Application Outlook (Revenue, USD Million, 2015 – 2025)
• Residential
• Commercial
Smart Toilet Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Online
• Offline
Smart Toilet Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Europe
• Germany
• The U.K.
• France
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Mexico
• Middle East & Africa
• South Africa
List of Key Players of Smart Toilet Market
• Sanitario SA
• LIXIL Group Corporation
• Kohler Co Ltd
• Toto Ltd.
• Masco Corporation
• Duravit AG
• Wellis
• Fortune Brands
• Villeroy & Boch AG
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About Grand View Research
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
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