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“The Smart Toilet Seat Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 700.95 million and CAGR of 3% by segment End-user and Geography during the forecast period 2019 to 2024”
Furthermore, this report extensively covers the smart home appliances market segmentations by End-user (Residential and Commercial) and Geography (APAC, North America, Europe, South America, and MEA). The market report also offers information on several market vendors, including Brondell Inc., Coway Co. Ltd., Duravit AG, JOMOO Kitchen & Bath Co. Ltd., Kohler Co., LIXIL Group Corp., Panasonic Corp., Roca Sanitario SA, Toto Ltd., and Villeroy & Boch AG
Download the Report Sample to Unlock the Smart Room Heater Market Size for the Forecast Period and Other Important Statistics
Technavio categorizes the Smart Toilet Seat Market as a part of the Consumer Discretionary industry within the Household Durables industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart toilet seat industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Smart Toilet Seat Market Driver
One of the key factors driving growth in the market is product launches. Owing to the growing demand for smart and efficient toilet products among consumers, vendors are focusing on developing new smart toilet seat products to increase the number of options available to their customers. Product launches help vendors increase their sales and market shares. Vendors are trying to attract several customers by introducing new smart toilet seat products. Some examples of recent new product launches have been mentioned below:
Key Smart Toilet Seat Market Challenge
The high price of smart toilet seats will be a major challenge for the market during the forecast period. The development of technology has ensured that vendors offer products with advanced features in smart toilet seats, such as voice control, sensors, temperature setting, water-saving technology, flushing systems, and others. As technology advances, consumers prefer to adopt the latest product available in the market, thereby leading to replacement costs. The major constraint for the global toilet seat market is that it is restricted to the higher-income group. For instance, regular toilet seat products range between USD 50 and USD 200, whereas smart toilet seats are usually expensive, as they are technologically advanced and equipped with sophisticated components and parts. The high initial prices, replacement costs, and installation costs can pose a challenge for consumers, which will eventually affect the demand for smart toilet seats.
Our In-house experts produce extensive information on the value chain, and parent market of the market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Brondell Inc. - The company offers smart toilet seat products such as SWASH 1400, SWASH 1000, SWASH 1200, SWASH DS725, and ECOSEAT S101.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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75% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for smart toilet seats in APAC. Market growth in this region will be faster than the growth of the market in the European regions.
APAC had the largest market share in the global market in 2019 due to the growing adoption and manufacturing of smart toilet seats in Japan and China. Toto Ltd. (Toto), Panasonic Corp. (Panasonic), Coway Co. Ltd. (Coway), JOMOO Kitchen & Bath Co. Ltd. (JOMOO Kitchen & Bath), and LIXIL Group Corp. (LIXIL Group) are the leading manufacturer of smart toilet seats in APAC. Japan and China were the top contributors to the regional market in 2019. Japanese smart toilet seats have gained popularity due to intelligent design and the use of sophisticated and latest technology. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The market share growth by the residential segment will be significant during the forecast period. The residential segment is likely to generate a stable demand for smart toilet seats during the forecast period. This is attributed to growth in the construction of residential buildings across the world, which is boosting the residential segment. Residential infrastructural projects are increasing at a significant rate globally, owing to the growing population and the rising regulatory support from various government bodies for building projects. For instance, according to the World Bank Group data, the total population in the world increased from 7.42 billion in 2016 to 7.67 billion in 2019. As the population increases, there will be a rise in the demand for residential construction projects.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Smart Toilet Seat Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2020-2024 |
USD 700.95 million |
Market structure |
Fragmented |
YoY growth (%) |
1.37 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 75% |
Key consumer countries |
Japan, China, US, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Brondell Inc., Coway Co. Ltd., Duravit AG, JOMOO Kitchen & Bath Co. Ltd., Kohler Co., LIXIL Group Corp., Panasonic Corp., Roca Sanitario SA, Toto Ltd., and Villeroy & Boch AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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