The Global Smart Toilet market is an innovative hygiene smart technology for toilets. These toilets are made up of ceramic coating and have an in-built light facility, including air dryer and warm water. Smart Toilets are being implemented in many countries owing to changing lifestyle statements and modern technology, which provide different experiences across various parts of the world.
Most of the smart toilets have incorporated antibacterial design, that is, the Nano-silver antibacterial material, which is used in the seat where bacteria cannot survive and avoids cross-infection. At present, the application of smart toilets in some specialized medical centers and elderly health centers are more common.
Moreover, Smart toilets are considered as the lavish décor for smart homes because these smart toilets curb the water use. Smart toilets are considered a convenient and hygienic option for the buyers as it runs on electrical energy and gives an aesthetic appeal to the smart toilets.
Global smart toilet market is growing at substantial CAGR in the forecast period from 2020-2027. The real estate and hospitality sector is anticipated to witness growth in the coming year, which leads to the rising utilization of smart toilets and various other Internet of Things technology along with voice-controlled equipment which is fitted in ordinary bathrooms to convert it into smart toilets. Besides, increasing absorption of office space and a rising number of shopping malls and hospitality sectors are likely to impel the growth of the market over the forecast period from 2020-2027. Additionally, the government has initiated to construct smart toilets to reduce the high energy cost and integrated solutions, which helps in the conservation of energy and water.
Furthermore, according to the World Bank, household income has increased from 20.11 trillion in 2000 to 48.61 trillion in 2018. Therefore, the purchasing power of the consumer will also increase and thus, lead to the adoption of new technologies in their household which eventually, affect the demand of the global smart toilet market.
These smart toilets have an automatic flush, intelligent seat, in-built speakers, and have Amazon Alexa and Google play assistant speaker features installed in it. For better bathroom experience, they offer in-built UV lighting, which kills harmful bacteria around the seat, Bluetooth connectivity, an auto-open seat, which helps in reducing the chances of manually pulling the seat down.
Moreover, enhancement in economic growth and the changing lifestyle of people in developing countries such as India and China is likely to foster the growth of the smart toilet market. On account of the rising number of HNWI population in the region and changing consumer preferences towards sophisticated products will intensify the market growth in the forecast period.
With the improvement in people’s living standards and considering the environmental problems, and popularization of smart technologies. The smart toilet market expected to boost owing to health and hygiene factors and energy conservation technologies used in it. Additionally, manufacturers are gradually shifting towards technological breakthroughs and product design, which helps in attracting more considerable market attention.
The urban population adopts smart toilets as it states a lavish lifestyle statement. Owing to, hygienic and energy consumption approach used while manufacturing smart toilets such as antibacterial seats, UV bacteria-killing light nozzle, and others and make the bathroom look smart and stylish. Moreover, smart toilets are expensive as it is equipped with technical sensors and health detector device. Therefore, the smart toilet is a hygienic and lavish option for buyers.
According to the World Bank, about 80.95 trillion is the total GDP of the world. Therefore, people across the globe have started adopting smart toilets because of the increase in their disposable per capita income. Further, population migrating from rural to urban areas wanted to have a lavish, hygienic, and automated product in their entire home. Thus, it raises the demand for smart toilets.
Based on the application type, the smart toilets are segmented in Residential and Commercial. The global population has increased with a growth rate of 55.27% in 2018 and expected to increase. The commercial segment expected to boost in the forecast period. Owing to, the rising market for office spaces, hotels, and malls has a significant requirement for sophisticated interiors as well as stylish bathroom helps to intensify the growth of the smart toilet market further.
Based on the distribution channel, the Global smart Toilets is divided into the offline and online market. The offline segment is expected to capture a significant market in the forecast period. Owing to the variety and choice of physical verification, various discounts, and other options available in the offline store. On the other hand, the online market is lucrative due to convenience, hassle-free shopping experience, and a variety of options available.
Based on geography, the global smart toilets market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America expected to showcase a tremendous growth in the smart toilets market across the globe. China and India are the leading markets across the Asia Pacific region due to the majority of the population moving towards the smart home and smart toilets as a lavish décor, also with emerging environmental concerns and minimalistic usage of water.
Companies such as Toto, LIXIL, Kohler, Jomoo, Dongpeng, Villeroy and Boch, Duravit, HeGII, ViVi, ROCA, HUIDA are prominent players in the global smart toilet market.
By Distribution Channel