USD 1.40 Billion
Report ID:
SQMIG30L2191 |
Region:
Global |
Published Date: December, 2024
Pages:
198
|Tables:
66
|Figures:
75
Soap Dispenser Market size was valued at USD 1.51 Billion in 2023 and is poised to grow from USD 1.63 Billion in 2024 to USD 3.02 Billion by 2032, growing at a CAGR of 8.0% during the forecast period (2025-2032).
Soap dispenser manufacturers are benefiting from the growing growth of the bathroom fittings market. Furthermore, increased demand for visually pleasing multipurpose soap dispensers that compliment other plumbing fixtures is driving the market. However, the present global outbreak of COVID-19 has dramatically increased public awareness of the importance of personal hygiene and keeping a clean environment. Touch can easily spread the extremely contagious virus from one infected object or person to another. As a result, healthcare organizations all around the world have identified frequent hand washing with soap as a vital preventive intervention. This has boosted the growth of the soap dispensers’ market, and the trend is expected to continue in the coming months.
The rapid growth of the commercial construction industry has also opened up opportunities for plumbing components such as soap dispensers. The hospitality industry, notably hotels, resorts, and healthcare facilities, is growing the need for soap dispensers in these areas. According to a report provided by Lodging Econometrics (LE), the United States established 665 new hotels with 85,306 rooms through the third quarter of 2021, with another 221 hotels with 23,026 rooms opening by the end of the year, for a total of 886 hotels with 108,332 rooms for 2021.
Furthermore, broadening the product portfolios of industry producers is anticipated to have a favorable impact on the market. Manufacturers have been exploring various materials and designs in order to provide consumers with personalized soap dispensers. As people's lifestyles and disposable incomes improve, more lavish bathrooms are being built, with the goal of providing a more spa-like environment. This increases demand for sophisticated bathroom fixtures.
Furthermore, with the development of smart and linked technology, businesses are also introducing smart soap dispensers, and this trend is gaining popularity among consumers. Kohler Company, for example, sells an automatic 16-ounce soap dispenser. This refilled dispenser fits into pre drilled drain holes and works with modern-style faucets. The product can be purchased in a variety of finishes, including Polished Chrome, Vibrant Plated Nickel, Brushed Chrome, & Vibrant Stainless.
Global Market Size
USD 1.40 Billion
Largest Segment
Manual
Fastest Growth
Manual
Growth Rate
8.0% CAGR
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Global Soap Dispenser Market is segmented by Product, by Application, and by Region. Based on Product, the market is segmented into Automatic, Manual. Based on Application, the market is segmented into Residential, Corporate Offices, Commercial, Education Institutions, Healthcare, Public Places, Transportation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
In terms of market share, manual dispensers for soap maintained a 57.2% share in 2022. This is due to its widespread acceptance in homes, restaurants, bars, public spaces, and a number of other corporate settings. The middle classes prefer manual soap dispensers because they are less expensive. Furthermore, new and innovative features in mechanical soap dispensers, such as push-up, foot-operated, and laparoscopic sorts, are enticing a large number of customers to engage in basic hygiene practices.
Automatic soap dispensers are expected to grow at an 8.7% CAGR between 2023 and 2030. Consumer demand for hand-free dispensers of soap is expected to drive category growth throughout the forecast period. Companies in the marketplace are increasingly focused on product releases in order to achieve a larger market share. For example, Euronics developed the NERO detergent dispenser for restrooms in April 2022. Euronics automated soap dispenser is a touchless gadget that provides little cross-contamination between repeated applications.
Analysis by Application
In terms of revenue, residential held a 36.9% share of the market in 2022. An increase in home ownership rates throughout various regions, together with increased health and hygiene awareness, is likely to stimulate demand for dispensers of soap in the future years. According to Apartment List's Ownership study issued in 2021, the millennial homeownership rate increased by 7.9% in 2020 (from 40% to 47.9%), and that trend is expected to gain much greater representation in the housing market as it progresses.
The commercial is expected to grow at an 8.2% CAGR during the projection period. The fast expansion of the business sector, notably the hospitality industry, is boosting demand for bathroom fixtures such as soap dispensers. Furthermore, the expansion of the travel and tourism business has prompted the building of lodging establishments, eateries, and retail and/or entertainment centers. This has increased demand for dispensers of soap in bathrooms in these places.
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North America held a 31.9% share of the retail cooler market in 2022. Increased consumer investment in commercial establishments such as malls, restaurants, & movie theaters has resulted in an increase in the demand for efficient restrooms, fueling the demand for dispensers for soap. According to data supplied by the United States Department of Agriculture (USDA), the number of quick-service eateries operating in the United States increased from 183,543 in 2021 to 189.402 in 2022.
Asia Pacific is expected to grow at the highest CAGR of 9.0% between 2023 and 2030. Other countries in the region, notably Bangladesh and the country of Vietnam, have recently caught up with India and China, resulting in larger than ever demand for urban housing in the region. As a result of this predicament, soap dispensers are becoming more popular in both household and commercial settings as both a necessity and a luxury item.
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Soap Dispenser Market Drivers
Rising Demand for Automated Solutions
The demand for automated soap dispensers is increasing due to their convenience, efficiency, and touchless operation. These dispensers help minimize the spread of germs, reduce product waste, and offer a hygienic hand washing experience, particularly in public restrooms, healthcare facilities, and food service establishments. These automated soap dispensers are often equipped with sensors that can detect and give indicating signs when soap level is low and to be filled. This reduces the need for regularly maintaining and manual refilling, saving time and labor costs for businesses. It also ensures a consistent supply of soap to users. This automated soap dispenser also enhanced the sufficient use of soap per handwash.
Rising Demand in Healthcare Industries
The automated soap dispensers are most demanded in Hospitals, Clinics and Labs for health concern. As healthcare industries prioritize infection control and hygiene as a fundamental part of their operations the proper hand hygiene is most in priority. This is the factor that automated soap dispensers are placing the essential role in the healthcare industries for preventing the environment as well as human bodies from infections or any other diseases that can be increased by unhygienic hand touches.
Soap Dispenser Market Restraints
Initial Cost and Installation Expenses
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The market is characterized by the existence of a few established companies as well as new entrants. Many major players are expanding their focus on the growing trend of soap dispensers. To maintain market share, market participants are diversifying their product offerings.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global soap dispenser market analysis, the growing growth of the bathroom fittings market is a prime growth factor. Additionally, the increased demand for visually pleasing multipurpose soap dispensers that compliment other plumbing fixtures is driving the market. The demand for automated soap dispensers is increasing due to their convenience, efficiency, and touchless operation. These dispensers help minimize the spread of germs, reduce product waste, and offer a hygienic hand washing experience, particularly in public restrooms, healthcare facilities, and food service establishments.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.40 Billion |
Market size value in 2031 | USD 2.80 Billion |
Growth Rate | 8.0% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Soap Dispenser Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Soap Dispenser Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Soap Dispenser Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Soap Dispenser Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2191
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