Smart Toilet Market Expected to Grow at 8.4% CAGR by 2032
The global smart toilet market is currently valued at US$ 4 billion in 2023 and is expected to achieve a market size of US$ 9 billion by the conclusion of 2033. This growth trajectory is characterized by a consistent compound annual growth rate (CAGR) of 8.4% spanning from 2023 to 2033.
A smart toilet is typically defined as a toilet device that
offers automated functions such as opening and flushing. These technologically
advanced toilets incorporate a range of innovative sensor technologies,
allowing users to customize various features. This includes hands-free seat
closing, warm water cleaning, heated seats, UV disinfection, automated
flushing, air fresheners, and ambient lighting. Additionally, smart toilets may
include hardware elements such as sprinklers, hair dryers, and bottom
scrubbers.
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Industry Trends:
Growing urbanization, technological advancements, and
economic growth have significantly changed people’s lifestyles, which has
increased the demand for convenient, sanitary facilities and the trend toward
innovative concepts. Besides, rising concerns regarding hygiene and contagious
diseases are boosting the demand for smart toilets.
Spurring rise in corporate offices, hectic work cultures of
the IT industry, and large employee sizes encourage enterprise management teams
to adopt the demand for more convenient sanitary wares and smart toilets. The
smart toilet market size is also boosted by the expanding construction industry
in developed countries, witnessing increased commercial and residential construction
activities.
The construction sector benefits from rising disposable
income and government spending on huge infrastructural projects. Smart toilets
are more expensive than conventional ones, as several high-end components are
used in smart toilets, which increases the overall market price.
Competitive landscape:
The worldwide market for smart toilets is highly
competitive. Key players in the smart toilet market are aggressively pursuing
tactics such as collaborations, acquisitions, technological innovations,
investments, and R&D activities to strengthen and expand their
international presence. Moreover, many start-ups are sprouting up in the global
market.
These start-ups are focusing on new developments to gain
market share.
- Washie,
a start-up located in the United States, has a toilet seat cleaning
technology that solves the issues of dirty toilets in public restrooms,
allowing for improved hygiene. A sensor is positioned on the side of the
toilet seat. When users move their hands over the sensor, a cleaning
solution is released onto the surface of the seat, enabling them to wipe
it clean before using it. This removes the need for toilet seat covers,
which are composed of absorbent materials and thus expose the seats to the
possibility of anything seeping through. Furthermore, the toilet seats are
linked to a mobile app that alerts repair personnel when the batteries or
cartridges are running short.
- Toto
Ltd, a prominent Japanese toilet manufacturer, introduced an artificial
intelligence (AI)-based ‘Wellness Toilet’ in January 2021. Using an array
of cutting-edge sensing technologies, the wellness toilet monitors and
analyzes its users’ emotional and physical states. This information is
used to make wellness improvement suggestions to the user via the smartphone
app.
Key Companies Profiled:
- Kohler
Co
- Toto
Ltd
- LIXIL
Group Corporation
- Roca
Sanitario SA
- Duravit
AG
Regional Analysis:
Europe commands a large share of the global smart toilet
market. Rapid advances in smart toilet technology and high investments by the
government to develop technologies drive market growth. Besides, the increasing
awareness of the benefits of smart toilets and the importance of hygienic
sanitary facilities foster the smart toilet market demand.
Key Segments of Smart Toilet Industry Research:
- By
Type :
- Wall-hung
Toilets
- Close-coupled
Toilets
- Single-floor
Standing Toilets
- One-piece
Toilets
- Others
- By
Distribution Channel :
- Online
- Offline
- By
Application :
- Residential
- Commercial
- By
Region :
- North
America
- Latin
America
- Europe
- Asia
Pacific & China
- Middle
East & Africa
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Questionnaire answered in the Market outlook Report of
Smart Toilet include:
- What
is the key strategy deployed by large players to maximize Smart Toilet
Market growth?
- What
are the main challenges faced by players in the Smart Toilet market
Demand?
- With
the advent of technological advancement, how will the Smart Toilet market
landscape change over the forecast period?
- What
does player bring to the table which is unique as a strategy, and is easy
to emulate for new investors in the Smart Toilet market size?
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