According to the report titled ‘Global Smart Bathroom Market Size study, by Product (Smart Toilet, Smart Soap Dispenser, Smart Faucet, Smart Shower, Others), Application (Residential, Commercial) and Regional Forecasts 2020-2027’, available with Market Study Report, global smart bathroom market was remunerated at USD 46.99 billion in 2019 and is anticipated to reach USD 196.72 billion by 2027, expanding at 19.6% CAGR during 2020-2027.
 

Rising trend of smart homes, and increasing projects of home improvisation are propelling the growth of global smart bathroom market. According to Berg Insight, total number of smart homes in Europe and North America reached 64 million in 2018.
 

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Notably, smart bathrooms have proved themselves advantageous at various fronts including energy savings, environment friendliness, and improved control.
 

Inclination towards automation, and surging construction activities are expected to boost the demand for smart bathrooms during the study period. However, higher setup costs have restrained worldwide smart bathroom market growth to some extent.
 

Based on product, the market is divided as smart soap dispenser, smart toilet, smart shower, smart faucet, and others. In terms of application, the market is bifurcated as residential, and commercial. The report entails details about the segmental share, while unveiling profitable investment areas in the market sphere. This will enable the readers to take informed decision and amplify their returns.
 

Regionally, global smart bathroom industry spans across Latin America, Asia Pacific, Europe, North America, and rest of the world. Of these, North America holds considerable market share currently, pertaining to surge in renovation activities in the commercial sector.
 

Parallelly, Asia Pacific smart bathroom market is touted to exhibit substantial growth rate through 2027, due to rise in tourism, and growing accommodation industry.
 

The competitive landscape of this business sphere is crafted by companies namely Moen Incorporated, American Standard Brands, Cera Sanitaryware Ltd., The Jaquar Group, Lixil Group Corporation, Jacuzzi Inc., Toto Ltd., Roca Sanitario S.A., and Spectrum Brands Holdings Inc. The market mammoths are constantly working towards introducing innovative products and technologies in order to expand their customer base.