The global toilet seat market size is anticipated to exhibit skyrocketing growth in the forthcoming years. The increasing home renovation and modernization trends, coupled with the growing popularity of smart toilets is predicted to favor the market growth. Fortune Business InsightsTM has presented this information in its upcoming report titled, “Toilet Seat Market, 2024-2032”. The rising middle-class income levels and the ever-increasing population are predicted to increase home modernization and renovation activities are likely to foster growth for the market. The mounting demand for germ-resistant and customized toilet seats is also predicted to aid the market expansion in the forthcoming years.
Top Leading Company in the Toilet Seat Market
- Jaguar
- Parryware
- TOTO Ltd.
- Duravit AG
- Bio Bidet
- Lotus Hygiene Systems Inc.
- Huida Sanitary Ware Co.
- Panasonic Corporation
- Roca Sanitario S.A.
- Kohler Co.
Information Source: https://www.fortunebusinessinsights.com/toilet-seat-market-106272
Segmentation-
On the basis of type, the market is bifurcated into ordinary toilet seat and smart toilet seat. On the basis of application, the market is divided into commercials and residentials/households. On the basis of distribution channels, the market is segmented into online retail and offline retail. Geographically, the market is classified into Europe, South America, North America Asia Pacific, and the Middle East & Africa.
Report Coverage-
- It includes information on vital growth opportunities in the market.
- It covers an analysis of the COVID-19 pandemic’s impact on the market.
- It offers information on various market segment and sub-segments. It covers information on the key strategies adopted by major market players to garner growth and uptick their market positions.
- It assesses the factors driving and restraining the market’s expansion.
Drivers & Restraints-
Rising Trend of Home Renovation and Modernization to Propel Market Development
The increasing urbanization and the rising construction and renovation activities are predicted to be the major factors boosting the global toilet seat market growth. The ever-increasing population and their housing needs are expected to drive market expansion. Further, the growing infrastructural development of commercial spaces such as restaurants, malls, offices, and others is predicted to favor the market expansion. The improving income levels of middle-class population across developing and developed nations are expected to complement market expansion. The launch of new smart toilets with features such as voice-assistant support, germ-resistance, ambient lighting, and other smart functions is likely to strengthen market expansion in the forthcoming years.
However, high repair and installation costs of opulent toilet seats may restrain the market growth due to low product demand.
Regional Insights-
North America to Gain Remarkable Growth Due to Improving Income Levels & Home Modernization Trends
North America is anticipated to garner the largest toilet seat market share. The rising house modernization and automation trends are expected to be the major factor driving the region’s market expansion. The presence of a high-income populace and the uptick in living standards are anticipated to uplift the region’s market development. Further, the growing innovations and research and development activities by major players such as TOTO, Kohler Co., and others to cater to the evolving consumer demand are expected to foster market growth in North America.
Europe is anticipated to gain substantial growth in the global market due to the growing awareness for well-being, health, and hygiene. Further, the rising numbers of exhibitions and tradeshows are anticipated to create lucrative growth opportunities for the market players.
Competitive Landscape-
Key Players Introduce New Products to Attract Market Growth
The major market players adopt ingenious strategies, including expansions, acquisitions, contracts, mergers, partnerships, collaborations, and others, to magnify their global reach. They conduct extensive research and development activities to launch new products. For instance, Kohler Co. introduced its new smart toilet in January 2019. The product comes with Google Assistant support, built-in speakers, and ambient lighting.