Covid-19 Impact on Smart Bathroom Market:Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Market OverviewSanitary ware is essential lifestyle statement for consumers in recent years. With the advancement in technology, the bathroom fittings have seen a substantial evolution in last few years. The smart bathrooms have showcased inclination in terms of the demand generated by commercial and residential buildings particularly in smart cities. Rise in emphasis on the water and energy conservation marks rise in the traction of the smart bathrooms among consumers. Furthermore, with continuous technological advancement, the bathroom fitting manufacturers shift their concentration from the conventional bathroom accessories to the sensor enabled accessories.
Increasing awareness regarding the health, hygiene, energy and water preservation among consumers, is anticipated to drive the growth of global smart bathrooms during the forecast period. The improved usage of touchless soap dispensers and automatic hand dryers contributes to growth in demand for the smart bathrooms market in recent years. Furthermore, increase in the applications of touchless faucets in commercial buildings is anticipated to propel the demand for the global smart bathrooms market. Additional feature of the smart bathrooms that is projected to contribute to the growth of market is smart windows. The windows are fixed in bathrooms to control the heat flow to maintain acceptable temperature in bathroom.
Segment OverviewThe commercial application segment generated the largest revenue in 2018 owing to the large number of luxury restaurants, hotels, bars, and shopping malls installing the smart bathrooms to deliver hygienic services to the customers. Furthermore, smart bathrooms are considered to be a luxury product that can be fitted in premium commercial places.
The residential application is expected to grow at a higher rate from 2020 to 2026. Growing importance of the smart home as result of rising requirements relating to push button control, energy preservation, and ever-changing demographic preferences is anticipated to have a favourable impact on industry growth. The smart homes are introduced with many in-built components such as smart toilets and smart LED. Such type of progressive bathrooms are measured to be important part of the home decor. Housing builders are offering pre-installed smart bathrooms to the buyers in order to deliver more valuable offers.
Regional OverviewGeographically, the smart bathroom market is dominated by Europe. Increasing customer spending on retaining bathroom hygiene is driving the smart bathroom market growth. Recent study shows, a large number of the population in U.K and Germany prefers to fit intelligent hand dryers so that they don’t have to pull it by hand, avoiding the unhygienic touch. Rising customers’ spending on hygiene products in Germany, U.K and France is anticipated to remain a favourable factor for industry growth in the forthcoming years.
Asia Pacific is projected to grow fastest during the forecast period 2020 to 2026. It has been perceived that total population of metro cities in Asian countries has increased in last few years. Rising disposable income, with increase in population of the key cities of countries such as China, Bangladesh, India, and South Korea, is anticipated to increase the spending on bathroom accessories and equipment, such as smart toilets.
Competitor overviewMajor market players of the smart bathrooms maret Kohler Co., Roca Sanitario SA, Toto Ltd., LIXIL Group Corporation, Wellis, Duravit AG, Masco Corporation, Fortune Brands, Bradley Corporation, and Villeroy & Boch AG. Market is fragmented owing to the existence of many small and large players. Majority of these manufacturers are from the U.S., China and Japan. Companies are implementing strategies such as new product launch and product development to increase market reach. In January 2019, Kohler Co. launched a smart toilet with smart features such as built-in speakers, ambient lighting, and Google Assistant support and Amazon Alexa. Moreover, in November 2018, Xiaomi Corporation launched smart toilet under their smart home brand. The product comes with Xiaomi’s XiaoAI speech assistance and artificial intelligence (AI) features.
Key Players
- Duravit
- Jaquar
- Kohler
- LIXIL Group
- TOTO
- MOEN
- Roca Sanitario SA
- Bradley Corporation
- Masco Corporation
- Villeroy & Boch AG
Market SegmentationBy Type
- Hand Dryers
- Touchless Cisterns
- Smart Windows
- Smart Toilets
- Touchless Faucets
- Touchless Soap Dispenser
- Others
By End User
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model