Global Smart Toilet Market All Set to Flourish: Estimated to Reach USD 6.78 Billion in 2027
Published | 25 March 2021
A recent study conducted by the
strategic consulting and market research firm, BlueWeave Consulting,
revealed that the global smart toilet market was worth USD 4.93billion in the
year 2020. Furthermore, it is estimated to grow at a CAGR of 5.0%, earning
revenue of around USD 6.78 billion by the end of 2027. The factors driving the
global smart toilet are the rising demand for hygienic sanitary products, the
changing lifestyle of consumers, along with the growing global water
conservation awareness. These factors are encouraging the industry players to
come up with technologically advanced smart toilets, which are driving the
market growth. Furthermore, smart toilets have become an integral part of smart
homes, particularly in Western countries such as Europe and North America. This
factor is also boosting the demand for smart toilets, globally.
Technological Advancements Propelling
the Growth of the Global Smart Toilet Market
IoT technology and voice-activated
equipment is becoming more prevalent in the industry. Industry players are consistently
integrating different cutting-edge hygiene technologies, such as Bluetooth
connectivity, UV lighting, auto open seat covers, auto flush, and much more, to
provide a better washroom experience to users. For example, Toto's Neorest 750H
bidet has an adjustable heated seat, automatic lid operation, automatic
flushing, automatic deodorizing, and multiple bidet wash modes (such as oscillating
and pulsating comfort washing). Neorest's real charm is revealed after it has
been used, when the smart toiletundertakes the task of cleaning, something that
no one wants to do. Similarly, Numi—a technologically advanced smart toilet by
Kohler comes with a motion-activated lid that automatically raises as soon as
the user approaches. What’s more, Numi can be paired with smart devices via
Bluetooth so that users can play out the music of their choice.
Consumer’s Consciousness Towards
Energy-Efficient Technology is Driving Market Growth
People are now more concerned about
energy conservation in light of the current climatic conditions and unequal
distribution of scarce resources. In terms of long-term advantages, smart
toilets offer better alternatives for water conservation since they are
equipped with automated flushes that use gauging methods to determine the
amount of water needed to flush. For instance, ordinary toilets use 5 to 7
gallons of water to flush whereas smart toilets use as little as 1.6 gallons.
It may seem insignificant for a one-time event, but according to different
studies, 2 to 3 billion gallons of water are flushed every day in the United
States. Therefore, consumers are switching to intelligent toilets which not
only conserve water but also reduce their water bills. Additionally, smart
toilets are also equipped with technology that can warn you if there is a leak
or damage, which is very handy because leaking drainage is one of the leading
causes of water wastage.
The Commercial Segment is the largest
by Application
The commercial application of smart
toilets covers the bigger share in the market. A significant factor helping the
commercial segment's growth is the growing installation of smart toilets in
commercial real estate, high-end restaurants, bars, shopping malls, and hotels.
Moreover, smart toilets are becoming increasingly prevalent in the healthcare
and hospitality industries. Furthermore, as a result of favorable government
policies encouraging infrastructure development, the market for smart toilet
vanities as a luxury item is expected to rise in the coming years.
Bluetooth-enabled Smart Toilets
Dominate the Global Smart Toilet Market
The ‘Bluetooth-enabled' and Wi-Fi
connectivity features are what make smart toilets ‘intelligent' and effective. Of
these two, Bluetooth-enabled smart toilets are the most popular as Bluetooth-enabled
feature allows users to connect their smart toilet to the remote control and
perform functions such as audio, seat, and foot warmers while attending
nature’s call. Moreover, built-in microphones can be used to play music.
However, the Wi-Fi segment is also projected to witness growth in terms of
connectivity during the forecast period, as it allows the advantage of internet
accessibility too.
Global Smart Toilet Market:
Regional Insight
Geographically, the global smart
toilet market is categorized into North America, Europe, the Asia-Pacific, the
Middle East & Africa, and Latin America. Europe is the leading market for smart toilets and is projected to lead the overall
industry during the forecast period. The leading cause of this dominance is the high living
standards of consumers in this geographic location, as well as their
willingness to spend on hygienic sanitary products. According to recent
studies, a significant portion of the population in the United Kingdom and
Germany prefers to install smart toilet seats because hand-pulling toilet seats
are considered unhygienic and pose risk for COVID-19.
In the coming years, rising
consumer spending on health and hygiene products in the UK, France, and Germany
is expected to be a significant driver of industry growth. Furthermore, the
Asia-Pacific region is expected to experience positive growth in the sector as
a result of increasing disposable income and population growth in cities such
as China, India, Bangladesh, and South Korea.
Impact of COVID-19 on Smart Toilet
Market
The global smart toilet market
almost came to a halt when the World Health Organization (WHO) declared
COVIS-19 as a global pandemic. The governments of different countries across
the globe implemented strict lockdown everywhere to prevent the virus from spreading.
Consequently, the production had to be stopped suddenly and the supply chains
were disrupted. Also, the offline mode, which has the largest share in the
distribution channel, was directly affected by the lockdown.
However, in the post-COVID world,
the smart toilet market has a huge opportunity to grow. Consumer awareness of
personal hygiene and preference for minimal touch options are propelling the
market forward. This would also benefit online distribution channels, as
customers are increasingly opting for the doorstep and zero-contact delivery
rather than going out. As a result, the end-user market for smart toilets is
expected to grow rapidly during the forecast period.
Competitive Landscape
The leading players in the global
smart toilet market are LIXIL
Group Corporation (DXV American Standard), Geberit AG, Roca Sanitario S.A.,
Caroma Industries Limited, Toto Ltd., Ove Decors, Villeroy, and other prominent
players. All these key players are highly competitive and are constantly on
edge to update their products with new features. These advancements are not
limited to automated set-ups; they also include user entertainment to enhance
their experience. For instance, in CES 2020, Shine Bathroom introduced a very environmentally-sound innovation
in the smart toilet market. Their product is capable of self-producing
electrolyzed water to eliminate the use of chemicals to clean the pot. It's
also equipped with technology that can detect leaks and send out an alert.
These technical advances become a
major source of limitation for new entrants. Because of these features, every
brand or company is investing huge sums of money into research and development
to advance their smart toilets and make a USP (Unique Selling Point) for
themselves.
Don’t miss the business opportunity
of the Global Smart Toilet Market. Consult our analysts to gain crucial
insights and facilitate your business growth.
The in-depth analysis of the report
provides information about growth potential, upcoming trends, and statistics of
the Global Smart Toilet market. It also highlights the factors driving
forecasts of total market size. The report promises to provide recent
technology trends of the Global Smart Toilet market and industry insights to
help decision-makers make sound strategic decisions. Furthermore, the report
also analyses the growth drivers, challenges, and competitive dynamics of the
market.
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