Asia Pacific Smart Shower Market Size & Outlook, 2022-2030
Asia Pacific smart shower market, 2018-2030 (US$M)
Related Markets
Asia Pacific smart shower market highlights
- The Asia Pacific smart shower market generated a revenue of USD 392.4 million in 2022.
- The market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2022.
- Online is the most lucrative distribution channel 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 392.4 million |
| Market revenue in 2030 | USD 1,008.1 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Offline, Online |
| Key market players worldwide | TOTO Ltd, Moen Incorporated, LIXIL Corp, Kohler, Fortune Brands Innovations Inc, American Water Works Co Inc, Roca Corporacion Empresarial, Dornbracht |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.9% of the global smart shower market in 2022.
- Globally, North America 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 1,008.1 million by 2030.
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Smart Shower Market Scope
Smart Shower Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific smart shower 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 shower market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 75.92% in 2022. Horizon Databook has segmented the Asia Pacific smart shower market based on offline, online 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.
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Target buyers of Asia Pacific smart shower market databook
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Our clientele includes a mix of smart shower 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 shower market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart shower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart shower market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Shower Market Outlook Share, 2022 & 2030 (US$M)
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