Report : South & Central America Smart Toilet Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Product Type (Wall Hung Toilet, Close-Coupled, Single Floor Standing Toilet, One-Piece Toilet, and Others), Connectivity Type (Wi-Fi & Integrated Control and Bluetooth & Remote Control), and End User (Residential and Commercial)
At 9.2% CAGR, the South & Central America Smart Toilet Market is speculated to be worth US$ 408.80 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America smart toilet market was valued at US$ 240.57 million in 2022 and is expected to reach US$ 408.80 million by 2028, registering a CAGR of 9.2% from 2022 to 2028. Rising adoption of smart technologies for residential applications, increasing installation of smart toilets in commercial spaces, and growing demand for smart water saving solutions are the critical factors attributed to the South & Central America smart toilet market expansion.
Smart home concept is receiving high momentum across the region. Most of the smart homes are installing various smart devices such as smart speakers, lights, TVs, doorbells, and smart toilets. Also, due to rising disposable income, increasing urbanization, and growing awareness regarding personal hygiene and safety, the adoption of smart homes is growing. The high inclination toward smart homes is propelling the demand for bathroom management solutions and products. Procurement of IoT-enabled devices for residential purposes is increasing at a high rate. Smart toilets, also known as shower toilets, depict key features such as seat/water/dry, cooling and heating system, self-cleaning, and sterilization with remote control accessibility. Thus, these toilets are obtaining popularity in residential applications across the region. Below mentioned are a few stats on smart toilets: In August 2022, Kohler’s "intelligent toilet designs" is developed with integrate sleek design and high-tech features. The company unveiled Numi 2.0, Eir, Innate and Veil intelligent toilets equipped with technological features like, heated seats and built-in nightlights. Such massive demand for smart toilet coupled with the presence of smart toilet providers are driving the growth of the South & Central America smart toilet market.
On the contrary, lack of awareness and perceived low cost to benefit ratio hampers the South & Central America smart toilet market.
Based on product type, the South & Central America smart toilet market is segmented into wall hung toilet, close-coupled, single floor standing toilet, one-piece toilet, and others. The single floor standing toilet segment held 47.0% share of South & Central America smart toilet market in 2022, amassing US$ 113.11 million. It is projected to garner US$ 187.55 million by 2028 to expand at 8.8% CAGR during 2022–2028.
Based on connectivity type, the South & Central America smart toilet market is bifurcated into Wi-Fi & integrated control and Bluetooth & remote control. The Bluetooth & remote control segment held 81.0% share of South & Central America smart toilet market in 2022, amassing US$ 194.80 million. It is projected to garner US$ 328.72 million by 2028 to expand at 9.1% CAGR during 2022–2028.
Based on end user, the South & Central America smart toilet market is segmented into residential and commercial. The commercial segment held 83.4% share of South & Central America smart toilet market in 2022, amassing US$ 200.67 million. It is projected to garner US$ 338.13 million by 2028 to expand at 9.1% CAGR during 2022–2028.
Based on country, the South & Central America smart toilet market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 50.8% share of South & Central America smart toilet market in 2022. It was assessed at US$ 122.25 million in 2022 and is likely to hit US$ 213.43 million by 2028, exhibiting a CAGR of 9.7% during the forecast period.
Key players dominating the South & Central America smart toilet market are Kohler Co; Lixil Corp; Roca Sanitario SA; and Wellis Magyarorszag Zrt, among others.
- In 2022; Kohler has launched Numi 2.0, Eir, Innate, and Veil intelligent toilets, which include advanced technological features – from heated seats to built-in nightlights.
- In 2021; The Roca Group, a world leader in designing, producing, and marketing products for the bathroom space, strengthens its position as a global operator with the acquisition of the German manufacturer Sanit, specializing in sanitaryware installation systems.
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: email@example.com