Latin America Smart Bathroom Market Size & Outlook
Latin America smart bathroom market, 2018-2030 (US$M)
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Latin America smart bathroom market highlights
- The Latin America smart bathroom market generated a revenue of USD 98.6 million in 2022.
- The market is expected to grow at a CAGR of 10.3% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 98.6 million |
| Market revenue in 2030 | USD 215.8 million |
| Growth rate | 10.3% (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, Latin America region accounted for 1.3% 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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Latin America 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 44.62% in 2022. Horizon Databook has segmented the Latin America 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.
A low number of smart homes in the region has resulted in a lower share of the region in the global smart bathroom market. However, several people in the region are embracing luxury lifestyles, which is resulting in the installation of smart bathrooms.
Consumer inclination toward bathrooms that provide a spa-like experience, with built-in smart fittings, faucets, toilets, and soap dispensers that operate on sensors, is growing. Thus, the regional market is anticipated to grow at a considerable CAGR over the forecast period.
The evolution of technology in the bathroom products has greatly impacted the demand for advanced products in this region. Constant efforts by manufacturers and designers to produce and design products with innovative features are paving the way for the increased penetration of smart faucets and other smart bathroom products.
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Our clientele includes a mix of smart bathroom market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart bathroom market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart bathroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart bathrooms market size, by country, 2018-2030 (US$M)
Latin America Smart Bathroom Market Outlook Share, 2022 & 2030 (US$M)
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