Smart Kitchen Appliances Market, By Product (Smart Refrigerators, Smart Cookware & Cooktops, Smart D

Published Date: June 2020 | Report Code : IT2068274

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Smart Kitchen Appliances Market, By Product (Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, and Other Appliances), End-use (Residential and Commercial), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Report Code : IT2068274

Status : Published June 2020

The Global Smart Kitchen Appliances Market size was valued at USD 10.05 billion in 2019 and is projected to grow at a CAGR of 20.07% during the forecast period. Smart kitchen appliances includes smart ovens, smart dishwashers, smart refrigerators, smart cookware and cooktops, smart scale and thermometers and others. Factors like increasing demand for efficiency in the kitchen and reducing the time spent in cleaning and cooking are the factors expected to primarily affect the global smart kitchen appliances market during the forecast period.

Key Factors Impacting the Growth of Smart Kitchen Appliances Market:

  • Increasing consumer disposable income
  • Growing awareness about use of electric and energy saving appliances
  • Technological advancements like integration of Internet of Things (IoT) and Artificial Intelligence (AI)
  • Ever-changing changes in lifestyle, health, safety, and convenience and consumer trend toward technology led products
  • Increasing demand for kitchen renovation or remodeling

Development of the energy efficient, eco-friendly, technologically advanced and smart kitchen appliances convenient to customer lifestyle is expected to offer promising growth opportunities for the global smart kitchen appliances market during the forecast period.

The smart kitchen appliances market segmentation is based on product, end-use, and region.

Product Outlook:

On the basis of product the global smart kitchen appliances market is sub segmented into smart refrigerators, smart cookware & cooktops, smart dishwashers, smart ovens, and other appliances. The smart cookware & cooktops offers greater efficiency when compared to other available counterparts, therefore minimizes the use of electricity and gas for cocking, thus, the smart cookware & cooktops segments elected to register highest growth rate during the forecast period.

End-use Outlook:

On the basis of end-use the global smart kitchen appliances market is bifurcated into residential and commercial. Factors like advanced gourmet cooking, rising purchasing power of residents in major western countries including UK, Germany, U.S., and France, are expected to maintain the dominance of hospital end use sector in global smart kitchen appliances market during the forecast period.

Regional Outlook:

Based on the region, the global smart kitchen appliances market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America with high disposable income, changing lifestyle, and investments on renovations of kitchens held the largest market share in the global smart kitchen appliances market in 2019. Increasing demand or smart refrigerators, smart ovens in Asia Pacific region is expected to drive the region to register height growth rate in smart kitchen appliances market during the forecast period.

The report analyzes factors affecting the smart kitchen appliances market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the smart kitchen appliances market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Major firms focusing on making efforts to develop and strengthen e commerce distribution channels, for their online marketing and branding of their products to attract more customers to increase their respective market share in the global smart kitchen appliances market during the forecast period. Leading companies in the market include AB Electrolux., Samsung Electronics Co., Ltd., Whirlpool Corporation., LG Electronics, Inc., BSH Home Appliances Corporation., Panasonic Corporation., Haier Group., Miele & Cie KG., Sub-Zero, Inc., Dongbu Daewoo Electronics Corporation., Breville Group Ltd., Hestan Cue, Inc. and among others.

Companies like Whirlpool Corporation, LG Electronics, AB Electrolux, Samsung Electronics Co. Ltd, Haier Group, Panasonic Corporation, BSH Hausgerate GmbH, Koninklijke Phillips N.V., and Miele helod almost 68% of the market share in the global smart kitchen appliances market. This report also includes the profiles of key smart kitchen appliances market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Smart Kitchen Appliances Market:

  • In 2018, Electrolux manufacturer of premium kitchen and laundry appliances for your home including refrigerators, dishwashers, ranges, cooktops, washers and dryers expanded its collaboration with Google by integrating connected kitchen products in Europe with the Google Assistant, with the aim to control products using voice commands.
  • In 2018, BSH Hausgeräte GmbH European manufacturer of home appliances announced acquisition of approximately 65% of the global food platform Kitchen Stories with the aim to become an integrated hardware, software and service provider.

What Does This Report Provide?

This report provides a detailed understanding of the global smart kitchen appliances market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Product

  • Smart Refrigerators
  • Smart Cookware & Cooktops
  • Smart Dishwashers
  • Smart Ovens
  • Other Appliances

By End-use

  • Residential
  • Commercial

 By Region:

  • North America Smart Kitchen Appliances Market
    • By Country (US, Canada, Mexico)
    • By Product
    • By End-use
  • Europe Smart Kitchen Appliances Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Product
    • By End-use
  • Asia Pacific Smart Kitchen Appliances Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product
    • By End-use
  • Middle East & Africa Smart Kitchen Appliances Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Product
    • By End-use
  • South America Smart Kitchen Appliances Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Product
    • By End-use

Reasons to Buy This Report:

  • Market size estimation of the Smart kitchen appliances market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

 

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