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Electronic Soap Dispenser Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global electronic soap dispenser products market was valued at USD 4.58 billion in 2022 and is projected to expand at a CAGR of 7.2% from 2023 to 2030. The increasing demand for these products in various sectors, such as hospitality, healthcare, and food & beverage, is a major factor driving the market growth. Furthermore, the use of contactless technology in soap dispensers is gaining traction as it eliminates the contact between the user and the product, thereby reducing the risk of cross-contamination.
The growing demand for hygiene and sanitation products due to the rising number of infections caused by bacteria and viruses is a key factor driving the demand for electronic soap dispensers. Furthermore, the rising trend of contactless technology is driving the demand for touch-free products, such as electronic soap dispensers. For instance, in March 2021, Aquarius Systems launched a touch-free soap dispenser with an infrared sensor that dispenses an exact amount of soap without being touched by the user.
The increasing demand for electronic soap dispensers in personal care, such as bathrooms and kitchens, is expected to drive the market growth. Furthermore, the rising trend of using these products in offices and public places, such as airports and railway stations, is anticipated to propel the market growth. Moreover, the growing popularity of smart home technology is expected to drive the demand for electronic soap dispensers. For instance, in November 2021, Moen Inc. launched a voice-activated shower system that comes with a voice-activated, touch-free soap dispenser.
The increasing number of product launches and the growing adoption of eco-friendly products to reduce plastic waste are other factors driving the growth of the market. Furthermore, the growing demand for automatic soap dispensers in commercial spaces is expected to propel the market growth. For instance, in February 2021, P&G Professional introduced a new line of antibacterial products, such as the PUR Professional Automatic Soap Dispenser, to help businesses better adhere to hygiene protocols.
The rising trend of premiumization in the demand for electronic soap dispensers is expected to increase the price of these products in the coming years. To meet the growing demand, key players are launching new products with advanced features. For instance, in October 2021, Procter & Gamble launched a foam soap dispenser designed to reduce soap usage by up to 70%. The company also introduced a touch-free soap dispenser with a built-in ultraviolet light to help ensure that the soap is not contaminated.
Product Insights
The automated soap dispenser segment is expected to hold the largest share of the electronic soap dispenser market in 2022. Automated soap dispensers are usually equipped with technology such as infrared sensors to detect the presence of a user’s hands and dispense the liquid soap. The increasing adoption of automated soap dispensers in hospitals, educational institutions, offices, and other public places on account of their ability to maintain hygiene is driving the growth of this segment. According to an article published in The New York Times, in August 2020, the use of automated soap dispensers is increasingly becoming popular for reducing the risk of contact transmission of germs and infections.
The touch-free soap dispenser segment is anticipated to expand at the fastest CAGR of 8.5% from 2020 to 2022. Touchless soap dispensers are equipped with sensors that detect the presence of hands and dispense the liquid soap. These dispensers eliminate the need for manual contact with the dispenser and thus reduce the risk of cross-contamination. Furthermore, the increasing adoption of touch-free soap dispensers in hotels, airports, and other public places is driving the growth of this segment.
Distribution Channel Insights
The supermarkets and hypermarkets segment is anticipated to capture the major share of the market in 2022. The supermarkets and hypermarkets are the preferred outlets for purchasing electronic soap dispensers as they offer a wide range of products at reasonable prices and provide convenience to customers. Further, the availability of a wide range of products under one roof boosts the growth of the segment.
The online segment is anticipated to expand at the highest CAGR of 10.2% over the forecast period. The growth of the segment is mainly driven by the rising penetration of smartphones and the internet. Companies are leveraging digital platforms to promote their electronic soap dispensers. For instance, in August 2020, Amazon launched Alexa-enabled electronic soap dispensers in the UK. To increase the product visibility and market reach, companies are also offering discounts, cashback, and other promotional offers. These factors are expected to drive the growth of the online segment.
Type Insights
The automatic segment accounted for the largest revenue share of 64.5% in the year 2022. The wide usage of automatic electronic soap dispensers in public places such as airports, hospitals, restaurants, and office buildings is driving the market growth of the segment. The automatic electronic soap dispensers are highly preferred in public places as it minimizes the contact between the user and the machine and also eliminates the wastage of soap. Furthermore, the widespread use of sensors and the growing demand for touchless technology are also propelling the growth of the automatic segment.
The manual segment is anticipated to expand at the highest CAGR of 10.6% over the forecast period. The increasing demand for conventional manual operated electronic soap dispensers, especially from residential and commercial areas, is driving the manual segment. Moreover, the increasing awareness about hygiene and sanitation among people is also boosting the market for manual electronic soap dispensers.
Regional Insights
Asia Pacific is expected to be the fastest-growing region in the global electronic soap dispenser market during the forecast period. The growth in this region can be attributed to the rising demand for automated and touchless products in the healthcare sector, coupled with the increasing investments by the government in healthcare infrastructure. Moreover, the increasing awareness regarding hygiene and sanitation is expected to create a positive impact on the market in the region.
North America accounted for the second-largest revenue share of the market in 2022. The region is highly industrialized, and the presence of a large number of electronic soap dispenser manufacturers is expected to drive the market. Additionally, the growing demand for touchless products in the commercial and residential sectors is further expected to boost the growth of the market in the region.
Financial Projections
In this part of the electronic soap dispenser product business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your electronic soap dispenser product. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for an electronic soap dispenser product business comes from sales of products, installation services, and other related services. Here you will find a list with a description of each of them as well as other possible sources of profit such as repair services and maintenance contracts.
Projecting Expenses
In this section, all the regular expenses related to keeping the electronic soap dispenser product business running will be described. The list of operating expenses includes raw materials, production costs, wages, marketing, advertising, utilities, insurance policies, research and development, and others.
Key companies & market share insights
Some of the key companies operating in the electronic soap dispenser market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, Procter & Gamble Co. launched a new automatic soap dispenser with an integrated motion-activated sensor.
– In August 2022, Lixil Group Corporation launched a new lineup of automatic soap dispensers with specially designed dispensing nozzles for more accurate and hygienic dispensing.
– In October 2022, Kunesh Group launched a new line of automatic soap dispensers with a built-in indicator light that signals when the soap in the dispenser is running low.
Some of the prominent players in the electronic soap dispenser market include:
– Procter & Gamble Co.
– Lixil Group Corporation
– Kunesh Group
– Sloan Valve Company
– Bobrick Washroom Equipment, Inc.
– Kimberly-Clark Corporation
– Dormakaba Holding AG
– KOHLER Co.
– Kason Industries
– Tork
Global Electronic Soap Dispenser Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global electronic soap dispenser products market based on product, technology, distribution channel, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Automatic Soap Dispensers
– Manual Soap Dispensers
2. Technology Outlook (Revenue, USD Million, 2017 – 2030)
– Infrared
– Ultrasonic
3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Offline
– Online
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is driving the growth of the electronic soap dispenser market?
[A]: The growing demand for hygiene, the rising awareness of health and safety, and the increasing adoption of electronic soap dispensers in various end-use industries are the major factors driving the growth of the electronic soap dispenser market. The growing demand for automated, hygienic, and efficient solutions in various end-use industries is further expected to drive market growth over the forecast period.
[Q]: Who are the key players in the electronic soap dispenser market?
[A]: Key players in the electronic soap dispenser market include The Clorox Company, Sanyo Chemical Industries, Ltd., KESS International, Inc., Sloan Valve Company, Ecolab, Inc., and Deb Group.
[Q]: What are the different types of electronic soap dispensers available in the market?
[A]: The major types of electronic soap dispensers available in the market are automatic electronic soap dispensers, manual electronic soap dispensers, and touchless electronic soap dispensers.
[Q]: What are the major end-use industries of electronic soap dispensers?
[A]: The major end-use industries of electronic soap dispensers are healthcare, hospitality, food service, and other industries.
[Q]: What are the major trends in the electronic soap dispenser market?
[A]: The major trends in the electronic soap dispenser market include the increasing adoption of touchless technology, the increasing demand for automated solutions, and the increasing investment in research and development for product innovation.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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