Market revenue in 2022 | USD 29.1 million |
Market revenue in 2030 | USD 71.4 million |
Growth rate | 11.9% (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 78.01% in 2022. Horizon Databook has segmented the India smart shower market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.
The smart home penetration in India is estimated to be low due to the limited percentage of highincome families and the lack of major domestic smart bathroom manufacturing companies. Rapid technological developments and modern lifestyles are expected to help push the adoption of intelligent solutions, including smart bathroom products, in homes.
The growing number of middle-class families and their increasing disposable incomes are factors projected to drive the demand for smart bathrooms in the country. The commercial segment was the largest application segment in the Indian smart bathroom market in 2021.
According to a 2019 report by Invest India, the construction market in India is expected to emerge as the third-largest globally. In 2021, the luxury hotel accounts for around 11% of India’s total quality hotel supply, and has regained developer interest in recent years due to its tremendous potential on account of limited supply.
Horizon Databook provides a detailed overview of country-level data and insights on the India smart shower market , including forecasts for subscribers. This country databook contains high-level insights into India smart shower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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