Germany Smart Bathroom Market Size & Outlook, 2022-2030
Germany smart bathroom market, 2018-2030 (US$M)
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Germany smart bathroom market highlights
- The Germany smart bathroom market generated a revenue of USD 411.3 million in 2022 and is expected to reach USD 1,026.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 12.1% 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.
Smart bathroom market data book summary
| Market revenue in 2022 | USD 411.3 million |
| Market revenue in 2030 | USD 1,026.4 million |
| Growth rate | 12.1% (CAGR from 2022 to 2030) |
| Largest segment | Smart toilet |
| Fastest growing segment | Smart Faucets |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Germany accounted for 5.5% of the global smart bathroom market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK smart bathroom market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,233.8 million by 2030.
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Smart Bathroom Market Scope
Smart Bathroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 35.86% in 2022. Horizon Databook has segmented the Germany 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.
According to an article published in October 2020 by Bitkom, Germany’s IT association, a recent survey found that 72% users stated that smart homes provide more comfort and enhance the quality of life. Furthermore, 52% of Germans want to see more energy-efficient living.
The high adoption and penetration rate of smart solutions in the country is acting as a major driver for the growth of the smart bathroom market. According to a survey undertaken by the German industry association Bitkom, 41% of all Germans installed at least one smart home product in 2021, with the share steadily increasing over the preceding two years.
Consumer spending on home remodeling is significantly high in Germany. Consumers take loans for home improvements, wherein the kitchen is one of the main areas of focus. Low interest rates have allowed for higher expenditure on various faucets, especially the multifunctional kinds.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany smart bathroom market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart bathroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart bathrooms market size, by product, 2018-2030 (US$M)
Germany Smart Bathroom Market Outlook Share, 2022 & 2030 (US$M)
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