The global smart toilet market size is anticipated to touch USD 12.7 billion by 2025, according to a new report by Million Insights. The market is estimated to expand at a CAGR of 10.3% from 2019 to 2025. Growing awareness about proper hygiene across the world is attributing to the growth of the market. Further, growing urbanization has led to the construction of smart homes, which, in turn, is projected to bode well for the growth of the smart toilet over the forecast period.
Different governments across the globe are emphasizing on creating awareness about water conservation. Countries such as China, France, Germany India, Australia and South Africa are facing a huge water crisis. Thus, growing water scarcity across the globe is expected to proliferate the demand for water-saving smart toilets.
To download the sample PDF of “Smart Toilet Market Report” please click here: https://www.millioninsights.com/industry-reports/global-smart-toilet-market/request-sample
The commercial segment accounted for a revenue of 4.6 billion in the year 2018. Major end-users in this segment are restaurants, bars, malls and hotels. Growing focus on aesthetically appealing bathroom solution is bolstering the growth of this segment. Further, rise in spending in real estate sector in countries such as India, Mexico, Brazil and China is creating a lucrative opportunity for the smart toilet market players.
The offline sales channels accounted for USD 5.3 billion of revenue in the year 2018. Option of physically verifying the products at stores attract a huge consumer base. Also, these bricks and mortar shops offer after-sales support thereby, ensuring customer satisfaction.
Asia Pacific is estimated to grow at the fastest CAGR of 12.8% over the forecast period. Countries such as India, China, Japan, Singapore and Australia are major end-users of the smart toilets. Factors such as favorable government initiatives and rise in middle-class purchasing power are supplementing the demand for the region.
To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-smart-toilet-market
Further key findings from the report suggest:
• The residential application segment is likely to grow at a CAGR of 10.7% over the forecast period.
• The offline distribution channels segment generated a revenue of USD 5.3 billion in 2018. On the other hand, online segment is predicted to grow at a CAGR of 10.8% over the forecast period.
• Europe dominated the market with USD 2.4 billion of revenue in 2018.
• Asia Pacific is projected to grow at a CAGR of 12.8% over the forecast period.
Million Insights has segmented the global smart toilet market on the basis of application, distribution channel, and region:
Smart Toilet Application Outlook (Revenue, USD Million, 2015 – 2025)
• Residential
• Commercial
Smart Toilet Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Online
• Offline
Smart Toilet Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
Browse the Latest Market Research Reports with Million Insights:
• Electric Scooters Market – The global electric scooters market size was accounted for USD 18.6 billion in 2019. Factors such as depleting energy non-renewable energy sources and increasing concern regarding the emission of greenhouse gases are driving the demand for electric scooters.
• North America Industrial Insulation Market – The North America industrial insulation market size was accounted for USD 1.86 billion in 2017. It is projected to grow at a significant CAGR of 4.0% over the forecast period, 2018 to 2025.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-smart-toilet-market