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DUBLIN, March 15, 2022 /PRNewswire/ — The “US Smart Bathroom Market – Industry Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
US 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…
Full story available on Benzinga.com
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