Latin America Smart Shower Market Size & Outlook
Latin America smart shower market, 2018-2030 (US$M)
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Latin America smart shower market highlights
- The Latin America smart shower market generated a revenue of USD 10.3 million in 2022.
- The market is expected to grow at a CAGR of 9.3% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 10.3 million |
| Market revenue in 2030 | USD 20.9 million |
| Growth rate | 9.3% (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, Latin America region accounted for 0.9% 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 |
|---|
Latin America 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 77.67% in 2022. Horizon Databook has segmented the Latin America smart shower market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil’s 1.2 million smart houses represent around 1.9 percent of all housing. Argentina, in contrast, had 100,000 smart homes in 2020. 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.
The smart faucet segment emerged as the second-largest product segment in the Central & South America market in 2021. Continuous expansion projects witnessed in the commercial sector and the growing number of residential projects are expected to result in the rise in the number of bathrooms, kitchens, and other utility areas, thereby, increasing the application of faucets.
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Our clientele includes a mix of smart shower 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 shower market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart shower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart shower market size, by country, 2018-2030 (US$M)
Latin America Smart Shower Market Outlook Share, 2022 & 2030 (US$M)
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