Market revenue in 2022 | USD 6.8 million |
Market revenue in 2030 | USD 14.4 million |
Growth rate | 9.8% (CAGR from 2022 to 2030) |
Largest segment | Offline |
Fastest growing segment | Online |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 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 |
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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 77.94% in 2022. Horizon Databook has segmented the Brazil smart shower market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.
The urban population in Brazil increased from 56.9 % in 1971 to 87.1 % 2020, growing at an average annual rate of 0.87%. This increasing urbanization is acting as a major catalyst for the growing penetration of smart bathroom products in the country. Increased attention to hygiene in Brazil is pushing the growth of automatic & sensor-based smart faucets and smart showers, particularly in the residential sector.
The smart faucet segment emerged as the second-largest product segment in the Brazil market in 2021 This segment’s growth can be mainly attributed to the increased renovation activities in households and the development of the hospitality sector to serve the continuous tourist inflow in the country.
IoTenabled homes have paved the way for smart functionalities in everyday household fittings and fixtures. This trend has driven the demand for smart faucets in Brazil. As per The Ambient, 1.2 million smart homes in Brazil in 2018. However, the number of smart homes is up 45% year-on-year, which makes another case of a huge surge in connected home tech.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil smart shower market , including forecasts for subscribers. This country databook contains high-level insights into Brazil smart shower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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