ICT & Electronics Smart (Intelligent) Toilet Market | Page 2
The global smart (intelligent) toilet market is segmented into type such as wall
hung toilet, close-coupled, single floor standing toilet, one-piece toilet and others.
Additionally, wall hung toilet segment is believed to capture the largest market in
overall smart (intelligent) toilet market by 2023. Moreover, smart (intelligent)
toilet segment is anticipated to mask a significant CAGR over the forecast period.
In addition to this, expansion of urban population across the globe and adoption
of innovative toilets by hospitality sector are the major factor propelling the
growth of smart (intelligent) toilet market.
Global smart (intelligent) toilet market is expected to register a CAGR of 13%
over the forecast period. Moreover, the global smart (intelligent) toilet market is
projected to reach at notable revenue over the forecast period. The market is
expected to expand on the account of growing popularity of stylish bath products
such as smart toilet among the population.
Further, with 70% share, the commercial segment by usage is believed to be the
largest segment in overall smart (intelligent) toilet market. Further, robust
expansion of hospitality sector across the globe is envisioned to intensify the
growth of smart (intelligent) toilet market. In terms of regional platform, North
America region captured the largest market of smart (intelligent) toilet market in
2016 aided by U.S. Further, the expansion of smart (intelligent) toilet market in
North America region is attributed to the presence of major key players such as
Kohler.
Technological advancement in sanitaryware
Increasing integration of smart technology into sanitaryware products coupled
with growing adoption of innovative technology by consumers is projected to
boost the demand for smart (intelligent) toilet. Furthermore, these advancements
and continuous innovation is the major driving force which is anticipated to
propel the growth of smart (intelligent) toilet market.
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Swelled disposable income
Rapid urbanization along with rise in purchasing power has led the consumer to
invest more on technologically advanced and luxury products which are likely to
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