Smart Faucets Market Size, Share & Trends Analysis Report By Application (Commercial, Residential), By Distribution Channel (Brick & Mortar, Online), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global smart faucets market size is expected to reach USD 667.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% over the forecast period. Rising spending on smart home technology on account of increasing living standards and luxury among middle-class household population is expected to be a key factor for the market growth. Moreover, increasing number of luxury hotels as a result of growth of the tourism sector in countries including Germany, France, China, and India is projected to expand the scope of smart bathroom accessories, such as faucets.

Growth of the hospitality industry in the developed economies including U.S., France, and Germany is expected to have a positive impact on the market growth. According to the Department of Commerce, U.S. projections, the foreign travel in U.S. would witness an annual growth rate of 2.7% from 2017 to 2020. This substantial growth in travel and tourism will propel the hotel industry of the country, which, in turn, will fuel the demand for smart faucets.

For instance, in June 2018, Rosewood Hotels & Resorts announced plans to open a new luxury hotel in Houston, U.S. Moreover, the company is going to open its 150-room hotel in Texas, U.S. by the end of 2023. Such type of construction by prominent players will surge the demand for smart faucets in the country in the forecast period.

North America was the largest market, accounting for a share of more than 30.0% in 2018. Over the past few years, adoption of internet of things (IoT) in U.S. has fueled the smart home technologies. Major manufacturers are adopting various strategies including product innovation and expansion of distribution channels.

For instance, in July 2017, Kohler Co. redefined the scope of exclusive stores and showrooms with the introduction of KOHLER 'Experience Centres'. These centers help in the enhancement of product experience when displayed in front of the design professionals and consumers. These experience centers held in creating a more intimate understanding of products and services provided by the company. The company is focused on targeting the top ten lucrative markets including New York, Los Angeles, London, Shanghai, Hong Kong, Singapore, New Delhi, Bangkok, Taipei, and Dubai.

Further key findings from the report suggest:

• North America was the largest smart faucets market, accounting for a share of more than 30.0% in 2018 owing to increasing smart homes and growing hospitality sector

• The commercial application segment accounted for exceeding 60.0% share of the global revenue in 2018. Positive outlook towards global hospitality sector is expected to open new avenues

• Brick and mortar was the largest distribution channel with a share of more than 70.0% in 2018

• Key players include LIXIL Group Corporation, CERA Sanitaryware Limited, Roca Sanitario, S.A., Kohler Co., TOTO LTD., Masco Corporation, Villeroy & Boch, Hansgrohe, and DELTA FAUCET COMPANY

• Product innovation is expected to remain a critical success factor among the industry participants.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Smart Faucets Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                             3.5.1.1. Supplier Power
                             3.5.1.2. Buyer Power
                             3.5.1.3. Substitution Threat
                             3.5.1.4. Threat from New Entrant 
                             3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Smart Faucets Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Smart Faucets Market: Application Estimates & Trend Analysis
                    5.1. Application Movement Analysis & Market Share, 2018 & 2025
                    5.2. Commercial
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Residential
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Smart faucets Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Brick & Mortar
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Online
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Smart faucets Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                             7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.2.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.4. U.K.
                             7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.3.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.5. Germany
                             7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.3.5.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.3.5.3. Market Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.4. China 
                             7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.4.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.5. India 
                             7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.4.5.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.6. Japan
                             7.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.4.6.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.4.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.5.4. Brazil 
                             7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                             7.5.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                             7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa (MEA)
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                        8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. LIXIL Group Corporation
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Technology Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Kohler Co.
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Technology Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. CERA Sanitaryware Limited
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Technology Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. Roca Sanitario, S.A.
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Technology Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. TOTO LTD.
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Technology Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Masco Corporation
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Technology Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. Villeroy & Boch
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Technology Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. DELTA FAUCET COMPANY
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Technology Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Hansgrohe
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Technology Benchmarking
                        9.9.4. Strategic Initiatives

List of Tables

1. Smart faucets - Key market driver analysis
2. Smart faucets - Key market restraint analysis
3. Global residential smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
4. Global commercial smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
5. Global brick & mortar smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
6. Global online smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
7. North America smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
8. North America smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
9. North America smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
10. U.S. smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
11. U.S. smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
12. U.S. smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
13. Europe smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
14. Europe smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
15. Europe smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
16. U.K. smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
17. U.K. smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
18. U.K. smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. Germany smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
20. Germany smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
21. Germany smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Asia Pacific smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
23. Asia Pacific smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
24. Asia Pacific smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
25. China smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
26. China smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
27. China smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
28. India smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
29. India smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
30. India smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. Japan smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
32. Japan smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
33. Japan smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Central & South America smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
35. Central & South America smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
36. Central & South America smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. Brazil smart faucets market estimates and forecast, 2015 - 2025 (USD Million)
38. Brazil smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
39. Brazil smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
40. Middle East & Africa smart faucets market estimates and forecast, 20145 - 2025 (USD Million)
41. Middle East & Africa smart faucets market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
42. Middle East & Africa smart faucets market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
43. Vendor landscape

List of Figures

1. Smart faucets market snapshot 
2. Smart faucets market segmentation & scope
3. Smart faucets market penetration & growth prospect mapping
4. Smart faucets value chain analysis
5. Smart faucets market dynamics
6. Smart faucets market Porter's analysis 
7. Smart faucets market: Application movement analysis
8. Smart faucets market: Distribution Channel movement analysis
9. Smart faucets market: Regional movement analysis