Global Market Study on Battery Powered Bath Accessories: Increasing Adoption of IoT in Smart Bathrooms and Demand for Wireless and Touch-less Solutions Anticipated to Accelerate Revenue Growth


Battery Powered Bath Accessories  Market
  • Published On : Sep-2018 |
  • Pages : 348 Pages |
  • Format :

Persistence Market Research (PMR) analyzes the battery powered bath accessories market in its new publication titled “Battery Powered Bath Accessories Market Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”. This study provides data for 2017 along with the forecast for the period (2018 – 2026). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights that affect the various segments of the global battery powered bath accessories market. To provide a better understanding of the battery powered bath accessories market, the report also includes the analysis of global drivers, restraints and trends, which influence the current market scenario and future status of the global battery powered bath accessories market over the forecast period.

Product types

Distribution Channel

Technology

Application

Region

  • Automatic Faucets
  • Soap Dispensers
  • Towel Dispensers
  • Others (Hand Dryers, etc.)
  • Online
  • Offline
  • Sensor
  • Touch
  • Residential
  • Commercial
  • Industrial
  • Government
  • North America
  • Latin America
  • Europe
  • SEA (South East Asia) & Pacific
  • China
  • Japan
  • Middle East & Africa (MEA)

To understand and assess market opportunities and trends, the global battery powered bath accessories market report has been categorically split into different sections based on market segmentation by product type, distribution channel, technology, application and region. The report starts with an overview of the battery powered bath accessories market and provides market definition & taxonomy, along with the value chain, pricing analysis, drivers, restraints and trends in the market. The sections that follow include the global battery powered bath accessories market analysis by product type, distribution channel, technology, application and region. All the above sections evaluate the battery powered bath accessories market on the basis of the various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global battery powered bath accessories market. To give a brief idea about revenue opportunities from the product type, distribution channel, technology, application and region segments, the report also provides the value of the battery powered bath accessories  market, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2018 – 2026).

In the final section of the report, we have provided the global battery powered bath accessories market structure and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This is expected to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and forecasts for 2018 – 2026. To calculate the market size, the report considers the weighted average price of battery powered bath accessories based on product types such as automatic faucets, soap dispensers, towel dispensers and others (hand dryers, etc.), across key geographies on a country basis. The forecast assesses the total revenue (US$ Mn) and volume (‘000 Units) of the global battery powered bath accessories market. To deduce the market value, the cost of each type has been considered. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global battery powered bath accessories market is expected to develop in the future. Critical market data, including the base number and segment splits, has been devised through in-depth secondary and primary research. This data is then triangulated on the basis of different verticals by considering supply side as well as demand side drivers and other dynamics of various regional markets, along with primary interviews of manufacturers and industry experts operating in the global battery powered bath accessories market. The forecast presented in the report evaluates the actual cost of the different types of battery powered bath accessories and the cost as per brands in the global battery powered bath accessories market.

We have also analyzed the different segments of the global battery powered bath accessories market in terms of Basis Point Share (BPS) to understand the relative contribution of every individual segment to market growth. This detailed level of information is important for identifying various key trends governing the global battery powered bath accessories market. The report also analyzes the global battery powered bath accessories market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast; however, from a sales perspective, it is essential to identify the absolute dollar opportunity to identify potential resources in the battery powered bath accessories market. 

PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global battery powered bath accessories market. This market attractiveness index is expected to help clients identify real market opportunities in the global battery powered bath accessories market.

Battery-powered bath accessories are the accessories operated and powered by portable batteries such AA alkaline and 9V batteries, among others in the global market. The accessories considered in the scope of research are automatic faucets, soap dispensers, towel dispensers and others. The others segment consists of automatic hand dryers, air fresheners and showering applications in the global market. The global battery powered bath accessories market is estimated to be valued at US$ 558.5 Mn by the end of 2018 and reach US$ 1,340.3 Mn by the end of 2026, expanding at a CAGR of 11.6% over the forecast period. The global battery powered bath accessories market is anticipated to represent an incremental opportunity of US$ 781.9 Mn between 2018 and 2026.

Factors influencing the Growth of the Global Battery Powered Bath Accessories Market

The global construction industry is estimated to grow dynamically over the next decade. China, the United States and India are major contributors to the construction industry, which heavily relies on other factors such as the construction of housing, retail and office infrastructure. Investments drive the construction industry by supporting new initiatives, which in turn is estimated the fuel the overall demand for battery powered bath accessories in the global market. The prominent strategies adopted by the key market participants include focusing on enhancing product features and higher operational life for battery-powered bath accessories to increase their rate of adoption. Participants are targeting major end users in the OEM and aftermarket segments to strengthen their overall market share in the global market.

The global battery powered bath accessories market is estimated to be driven by an increase in the construction of new commercial and residential complexes across the globe. Lucrative growth in the construction industry is also expected to be a prime factor supplementing the market growth.

Global Battery Powered Bath Accessories Market Segmentation and Forecast

The global battery powered bath accessories market can be segmented on the basis of product type, distribution channel, technology, application and region/country. On the basis of product type, the global battery powered bath accessories market can be segmented into automatic faucets, soap dispenser, towel dispenser and others. On the basis of distribution channel, the market can be segmented into online and offline. Based on technology, the market can be segmented into sensor and touch. On the basis of application, the market can be segmented into residential, commercial, industrial and government. Significant regions covered in the report include North America, Latin America, Europe, SEA & Pacific, China, Japan and the Middle East & Africa.

Global Battery Powered Bath Accessories Market Analysis by Product Type

The automatic faucets segment is projected to account for a volume share of 49.8% in the global battery powered bath accessories market by the end of 2026, increasing at a CAGR (value) of 11.3% over the forecast period.

Global Battery Powered Bath Accessories Market Analysis by Distribution Channel

Among the distribution channel segments, the offline segment is projected to dominate the global battery powered bath accessories market in 2018. It is projected to account for a 78.4% market value share by the end of 2018. However, during the forecast period, the offline segment is estimated to lose its market share to the online segment.

Global Battery Powered Bath Accessories Market Analysis by Technology

The sensor segment is estimated to dominate the global battery powered bath accessories market with a value share of 52.6% by the end of 2026, with a CAGR of 12.5%.

Global Battery Powered Bath Accessories Market Analysis by Application

The commercial segment is estimated to dominate the global battery powered bath accessories market, expanding at a CAGR (value) of 11.0% over the forecast period. Nevertheless, the residential segment is estimated to gain momentum over the forecast period, creating an incremental $ opportunity of US$ 201.0 Mn between 2018 and 2026.

battery powered bath accessories market

Global Battery Powered Bath Accessories Market Analysis by Region

From a regional perspective, North America is estimated to represent 35.0% of the market volume share in 2018. The market is expected to increase at a volume CAGR of 10.9% over the forecast period. The market in Europe is estimated to expand at a CAGR of 11.3% over the forecast period, creating an incremental $ opportunity of US$ 251.1 Mn. Market growth in China and SEA & Pacific is expected to remain high as compared to the global average. The regions are expected to register respective CAGRs of 13.0% & 13.0% over the forecast period.

Key Players dominating the Global Battery Powered Bath Accessories Market

Some of the key market participants reported in this study of the global battery powered bath accessories market include Sloan Valve Company, Just Manufacturing Company, Bradley Corporation, Jaquar and Company, Chicago Faucets, Hydrotek International Inc., Toto Ltd., Monolith S.r.l., Umbra, Intersan Manufacturing Company, Oras Ltd., Roca Sanitario S.A., Kohler Co., Duravit AG, Masco Corporation and Lixil Group.

Company Profiles

  • Sloan Valve Company
  • Just Manufacturing Company
  • BRADLEY CORPORATION
  • Jaquar and Company
  • Chicago Faucets
  • Hydrotek International, Inc.
  • TOTO LTD.
  • Monolith S.r.l.
  • Umbra
  • Intersan manufacturing Company
  • Oras Ltd.
  • Masco Corporation
  • Kohler Co.
  • LIXIL Group
  • Duravit AG
  • Roca Sanitario S.A.
  • Others.
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