The smart toilet market size is projected to reach US$ 15.72 billion by 2031 from US$ 6.70 billion in 2023. The market is expected to register a CAGR of 11.3% during 2023–2031. Rising adoption of smart technologies for residential applications, increasing installations of smart toilets in commercial spaces and growing demand for smart water-saving solutions are likely to be the key drivers and trends of the smart toilet market.
The smart toilet market is experiencing significant growth globally. This growth is attributed to the rising adoption of smart technologies for residential applications, increasing installations of smart toilets in commercial spaces and growing demand for smart water-saving solutions. Moreover, the rising adoption of smart toilets in developing countries growing smart toilets for home renovations is anticipated to drive the market growth in the coming years.
A smart toilet is an advanced toilet using integrated-in smart technology or technology capable of connecting and interacting with the user. These toilets are often used in smart homes around the world and in technologically advanced regions such as Japan. Smart toilets come with a broad range of popular features, making them irresistible to some. These features include seat warmers, automatic lids, night lights, spray adjustments, and many more.
The rising adoption of smart technologies for residential applications is indeed driving the smart toilet market. The market is driven by factors rising consumer awareness, improved convenience and comfort, health and hygiene benefits, energy and water efficiency, integration with the smart home ecosystem, aging population, urbanization and luxury housing trends, innovative product offerings and many other factors. Consumers are becoming more aware of the benefits of smart devices, including smart toilets, as smart home technologies become more common. Moreover, the smart toilet has various features, such as automated cleaning, bidet functions, and heated seats. These conveniences create desires for modern consumers for greater comfort and luxury in their homes. Thus, considering the above parameters, the rising adoption of smart technologies for residential applications drives the market.
The growing adoption of smart toilets in developing nations is anticipated to drive the market in the coming years. The rising middle-class disposable income and rising urbanization in developing countries are increasing the construction of residential buildings and smart cities, which include various technologies, including market toilets, to attract buyers and tenants. Moreover, factors such as health and hygiene awareness in urbanized countries and various initiatives taken by the government are also anticipated to drive market growth.
Key segments that contributed to the derivation of the Smart Toilet market analysis product type, connectivity type, and end user.
The geographic scope of the smart toilet market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Europe has dominated the smart toilet market. High technology adoption trends in various industries in the North American region have fuelled the growth of the smart toilet market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American engineering smart toilet market. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of smart toilet market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the smart toilet market.
The regional trends and factors influencing the Smart Toilet Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Smart Toilet Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 6.70 billion |
Market Size by 2031 | US$ 15.72 Billion |
Global CAGR (2023 - 2031) | 11.3% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Smart Toilet Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Smart Toilet Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The smart toilet market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the smart toilet market are listed below:
The “Smart Toilet Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global smart toilet market is expected to reach US$ 15.72 billion by 2031.
The key players holding majority shares in the global smart toilet market are OVE Decors ULC, Ningbo Shunjie Sanitary Ware Co Ltd, Dyconn Faucet, Fullest LLC, Roca Sanitario SA, Coma Intelligent Technology Co Ltd, Kohler Co, Wellis Magyarorszag Zrt, Caroma Industries Ltd, Lixil Corp.
The increasing use of smart sampling technology is anticipated to drive the market in the forecast period.
Rising adoption of smart technologies for residential applications, increasing installations of smart toilets in commercial spaces and growing demand for smart water-saving solutions are some of the factors driving the smart toilet market.
Europe is anticipated to dominate the smart toilet market in 2023.
The expected CAGR of the smart toilet market is 11.3%.