Asia Pacific Smart Bathroom Market Size & Outlook
Asia Pacific smart bathroom market, 2018-2030 (US$M)
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Asia Pacific smart bathroom market highlights
- The Asia Pacific smart bathroom market generated a revenue of USD 3,067.5 million in 2022.
- The market is expected to grow at a CAGR of 12.4% from 2023 to 2030.
- In terms of segment, smart toilet was the largest revenue generating product in 2022.
- Smart Faucets is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,067.5 million |
| Market revenue in 2030 | USD 7,840.3 million |
| Growth rate | 12.4% (CAGR from 2022 to 2030) |
| Largest segment | Smart toilet |
| Fastest growing segment | Smart Faucets |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Toilet, Smart Soap Dispenser, Smart Faucets, Smart Showers, Smart Bathroom Mirrors, Smart Bathtubs |
| Key market players worldwide | InvestIndustrial Holdings, Villeroy & Boch AG Vorz-Inhaber-Akt stimmrechtslos, Ferguson PLC, Spectrum Brands Holdings Inc, Masco Corp, Grohe, LIXIL Corp, Moen Incorporated, Kohler, Duravit, TOTO Ltd, Fortune Brands Innovations Inc, Knauf |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.7% of the global smart bathroom market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,840.3 million by 2030.
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Smart Bathroom Market Scope
Smart Bathroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific smart bathroom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart bathroom market will help companies and investors design strategic landscapes.
Smart toilet was the largest segment with a revenue share of 39.94% in 2022. Horizon Databook has segmented the Asia Pacific smart bathroom market based on smart toilet, smart soap dispenser, smart faucets, smart showers, smart bathroom mirrors, smart bathtubs covering the revenue growth of each sub-segment from 2018 to 2030.
As per a study published by Google and Accenture, in 2020, the household penetration of connected home devices in Australia was 22%, South Korea was 21%, and Japan was 13%. However, countries such as India, Indonesia, and Thailand each had a penetration rate of 2%. The rising spending power of consumers coupled with the increasing penetration of smart homes is acting as a major catalyst for the smart bathroom market growth in the region.
As per Lera Smart Home Solutions, 24.9% of Australian households feature some smart home technology; this percentage is expected to increase to 41.9% by 2023. Moreover, with the increasing urbanization in emerging economies, there has been an increase in smart buildings, which is anticipated to bolster the market's overall growth.
According to the statistics from a recent report from Lodging Econometrics, in 2022, the total hotel construction activities that are in pipeline in Asia Pacific, excluding China, includes about 1,881 projects and 404,545 rooms, up 7% by projects and 5% by rooms Year-Over-Year (YOY). In January 2021, Radisson Hotel Group, expanded its presence by introducing 84 exceptional hotels and resorts in countries such as China, Australia, and India. Thus, the commercial segment is likely to grow at a considerable CAGR over the forecast period.
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Target buyers of Asia Pacific smart bathroom market databook
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Our clientele includes a mix of smart bathroom market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart bathroom market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart bathroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart bathrooms market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Bathroom Market Outlook Share, 2022 & 2030 (US$M)
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