Global Smart Toilet Market 2022 Size, Growth Analysis Report, Forecast to 2028.

The global smart toilet market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rapid urbanization coupled with rising disposable income is anticipated to drive the growth of the global smart toilet market. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada,  the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum.

The rise in the number of residential units owing to growing investments in the real estate sector is anticipated to drive the growth of the global smart toilet market. According to the data published by India Brand Equity Foundation (IBEF) in 2022, the real estate sector in India is anticipated to reach $1 trillion by 2030, up from $200 billion in 2021. Further, the home sales volume across major cities in India surged by 113% and reached 62,800 units in the third quarter of 2021. According to the Economic times Housing Finance Summit, nearly 3 houses are built per 1,000 people per year compared with the required construction rate of five houses per 1,000 population. Thus, an additional 25 million units of affordable housing are required by 2030 to meet the growth in the country’s urban population. Therefore, the rise in the number of residential units is anticipated to fuel the demand for the global smart toilet market.

Competitive Landscape-

Toto Ltd., Kohler co., and Roco Sanitario SA among others

 

By Type

• Wall Hung Toilet
• Close Coupled
• Single Floor Standing Toilet
• One Piece Toilet

By Connectivity

• Wi-Fi
• Bluetooth

By Usage

• Residential
• Commercial

By Distribution Channel

• Online
• Offline

Scope of the Report
The research study analyzes the Global Smart Toilet industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Smart Toilet Market Report
1. What was the Global Smart Toilet Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Smart Toilet Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Smart Toilet Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Smart Toilet market.
• The market share of the Global Smart Toilet market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Smart Toilet market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Smart Toilet market.