United States Smart Bathroom Market Outlook & Forecast Report 2022-2027 – Increasing Adoption of Smart Homes & Development of Next-Generation Smart Airports – Yahoo Finance
Dublin, March 14, 2022 (GLOBE NEWSWIRE) — The “U.S. Smart Bathroom Market – Industry Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
U.S. smart bathroom market is expected to grow at a CAGR of 10.48% during 2022-2027.
The increasing smart home penetration across the country is driving the demand for smart bathrooms in recent years. Due to the increasing luxury lifestyles, there is a rise in the construction of smart homes, which leads to the installation of smart bathrooms.
The smart faucet segment is expected to witness an absolute growth of over 90% by the end of 2027. The hospitality industry in the US is growing at a significant rate, and the demand for smart bathrooms in this sector is rising considerably.
Hotels are majorly focusing on providing a beautiful appearance and aesthetics to the rooms; hence, a significant number of smart bathroom products are being installed in the hospitality sector.
The majority of the population in the country is tech-savvy and is aware of the various benefits of the latest technologies and smart products in terms of convenience and aesthetics. Therefore, the adoption rate of smart products is high in the country. The demand for smart bathrooms is being driven by various sectors such as residential and commercial construction, hospitality, and more.
The US smart bathrooms market is highly competitive due to the presence of many large and small vendors. Many players are focusing on developing innovative products and investing in R&D initiatives to expand their product portfolios.
Although established players dominate the market, there are tremendous growth opportunities for new entrants that produce low-cost products to target the developing end-markets.
MARKET OPPORTUNITIES AND TRENDS
Growing Home Renovation Market in US
Increasing Adoption of Smart Homes
Development of Next-Generation Smart Airports
Other Prominent Vendors
Cleveland Faucet Group
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segments
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 Construction Insights
7.3 Growing Adoption of 5G & Smartphone Penetration
7.4 Smart Trends in Bathroom Technology
7.4.1 Smart Tech for Comfort
7.4.2 Smart Tech for Convenience
7.4.3 Smart Tech for Health
7.4.4 Smart Tech for Efficiency
7.4.5 Smart Tech for Enjoyment
7.5 Popularity of Voice-First Technology