Saudi Arabia Smart Bathroom Market
Saudi Arabia Smart Bathroom Market Size to Expand at Impressive CAGR of 17.8% during 2022–2028
Published | 14 November 2022
Saudi Arabia smart bathroom market is flourishing owing to people's rising standards of living, expanding manufacturers' emphasis on R&D to speed up the production of innovative products to increase their respective market shares, and ongoing new product launches.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the size of Saudi Arabia smart bathroom market to grow at an impressive CAGR of 17.8% during the forecast period between 2022 and 2028. The rising popularity of smart homes is the primary driver of Saudi Arabia smart bathroom market. As a result of the increasing home improvement projects and bathroom renovations, a variety of smart bathrooms are becoming more popular in both the residential and commercial sectors. Rising home and mortgage prices are driving up spending on remodeling and home improvement projects, which is driving up product demand. Furthermore, Saudi Arabia smart bathroom market is being influenced positively by consumers' shifting preferences for spa-like bathrooms with sensor-operated soap dispensers, faucets, and toilets built right in.
Saudi Arabia Smart Bathroom Market – Overview
Sensors, automatic controls, and touchless systems are just a few examples of the smart features found in smart bathroom products. Some of the smart bathroom products available on the market include smart faucets, smart toilets, and smart showers. When used in conjunction with home automation systems, such as Alexa, smart showers use remote sensing to control temperature, duration, and flow via phone or voice activation. Similar to a smart home, a smart toilet has sensors that enable automatic flushing, automatic lid opening and closing, and other features.
The demand for smart buildings is increasing due in large part to rapid urbanization, which is also expected to accelerate market revenue growth. People are moving to urban areas in search of a better quality of life due to expanding urban opportunities and a sharp increase in per capita income, which has boosted consumer purchasing power. Smart buildings are in higher demand as a result of government initiatives and rapid technology advancements. Modern technology is used in smart buildings to improve life and aid in energy conservation. All these factors are expected boost the growth of Saudi Arabia smart bathroom market during the period in analysis.
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Saudi Arabia Smart Bathroom Market – Technology Advancements
The demand for convenient and smart products is driven by the Internet of Things (IoT) continuing advancements. Due to changing lifestyles, consumption patterns, and habits, people today prefer smart homes with automation, such as touchless systems in rooms, living areas, and bathrooms. Smart homes include smart products and personal assistant gadgets that simplify life by enabling users to connect to a central hub from anywhere using a phone, tablet, or computer. These advantages all help to drive up demand for smart bathrooms.
Saudi Arabia Smart Bathroom Market – Segmental Information
Saudi Arabia smart bathroom market is divided into Toilets, Faucet, Shower, Dispensers, and other segments based on product type; Residential (Apartment Buildings, Independent Housings, and Others) and Commercial (Retail, Healthcare, Hospitality, Government, Transportation, and other segments by application; and In-Store and Online segments based on sales channel. During the forecast period, the online segment is expected to hold a significantly higher market share in Saudi Arabia smart bathroom market during the forecast period.
Impact of COVID-19 on Saudi Arabia Smart Bathroom Market
The COVID-19 pandemic disrupted the production of many products in the market for smart bathrooms because of required lockdowns. The demand for touchless smart soap dispensers and faucets, however, increased. In commercial settings, touchless soap and disinfectant dispensers have been installed to encourage hygiene and stop the spread of disease. Companies involved in the smart bathroom are concentrating on high-growth end users, such as hotels and restaurants, to keep their businesses expanding in the wake of the COVID-19 pandemic.
Competitive Landscape
Prominent players in Saudi Arabia smart bathroom market include TOILITECH, Masco Corporation, Kohler Co, and Bradley Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia smart bathroom market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Smart Bathroom Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Smart Bathroom Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Related Report
Publish Date: November 2022
Growing adoption of smart toilets, faucets, and showers in commercial settings, increasing demand for smart homes, and strong growth in travel and tourism could drive Saudi Arabia Smart Bathroom Market at an impressive high growth rate during the forecast period between 2022 and 2028.
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