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Smart (Intelligent) Toilet Market Future Demand 2022 Global Key Companies Profile, Trends, Share Valuation Industry Size, Recent Advancements and Future Challenges

Kenneth Research, in its repository of market research reports, have recently added a report on Smart (Intelligent) Toilet Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Smart (Intelligent) Toilet Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart (Intelligent) Toilet Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Global smart toilet market reached more than USD 1 Billion in 2016 and is anticipated to register a CAGR of 12% across the globe. Moreover, the market is expected to garner USD 2 Billion by the end of 2024. The global demand for smart toilet is increasing due to the increasing utilization of smart toilet in the hospitality sector. Further, growing premium commercial real estate sector is anticipated to drive the future adoption of smart toilets. Further, penetration of internet of things (IoT) into washroom is also expected to positively impact the growth of the global smart toilet market over the forecast period.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

The market of smart toilet is anticipated to achieve a Y-o-Y growth rate of 13.9% in 2024 as compared to the previous year. Moreover, expansion of mobile based smart toilet market is expected to create huge opportunities for the sanitary manufacturers and this would further expand the smart toilet market in near future.

Asia Pacific is slated to account for a leading share of more than 50% by 2024 in the smart toilet market. Expansion of hospitality sector and swelled disposable income of the consumers in the region is anticipated to provide growth opportunities for the key players.

Further, changing lifestyle of the consumer along with adoption of luxury products is expected to positively drive the growth of the market.

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Kohler, DXV American Standard, TOTO Ltd., Roca Sanitario, S.A., are some of the prominent players in the smart toilet market. Amongst them, TOTO has captured the major market share in the global smart toilet market in 2017

Business Questions answer by the report

  • How will the market drivers, restraints and opportunities affect the market dynamics?
  • What will be the market size in terms of value and volume and market statistics with detailed classification?
  • Which segment dominates the market or region and one will be the fastest growing and why?
  • A comprehensive survey of the competitive landscape and the market participant players
  • Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

  • Additional company detail analysis.
  • Additional country analysis.
  • Detailed segment analysis.

Download Sample of This Strategic Report-
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“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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