Global Smart Kitchen Appliances Market, By Product Type (Ovens, Dishwashers, Refrigerators, Cookware and Cooktops, Smart Coffee Maker, Kettle, Freezer, Range Hoods, Scale and Thermometers, Others), Connectivity Technology (Wi-Fi, Near Field Communication, Bluetooth), End User (Residential, Commercial), Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Smart kitchen appliances market size is expected to grow at a compound annual growth rate of 15.51% for the forecast period of 2021 to 2028. Smart kitchen appliances market report analyses the growth, which is currently being growing due to the various benefits associated such as greater energy efficiency and better operational performance of these products.
The smart kitchen appliances have the ability to perform faster and proficiently, with the help of various technologies. These appliances are comfortable to use, energy efficient and also save time, when compared to traditional household appliances. These appliances offer various benefits such as waste reduction, efficient cooking, and remote access to users via tablets, smartphones and other devices.
The increase in the penetration of IoT (Internet of Things) technology is one of the major factors anticipated to drive the smart kitchen appliances market growth rate. Moreover, the high adoption of these devices due to the significant awareness and increase in the increase of women in workforce are also expected to fuel the growth of the smart kitchen appliances market in the forecast period of 2021 to 2028. Also the market is largely driven by the high disposable income ad rapid shift in the inclination towards luxury and tech-savvy appliances. Additionally, the easy availability of wireless solutions and easy availability of smart technology enabled smart kitchen appliances are also expected to highly impact the growth of the smart kitchen appliances market. While, the rapid change in the lifestyles and preferences of consumers is also amongst the major factors expected to fuel the growth of the smart kitchen appliances market in the above mentioned forecast period.
In addition, the rapid innovation in product design and rapid advancements of operational technologies as well as large-scale digitization are expected to bring various opportunities that will lead to the growth of the smart kitchen appliances market in the above mentioned forecast period.
However, the high costs of these devices as compared to conventional products and lack of awareness about smart appliances are expected to act as a major limiting factor for smart kitchen appliances market, whereas the, significant maintenance and repairing costs can challenge the growth of the smart kitchen appliances market in the forecast period of 2021 to 2028.
This smart kitchen appliances market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on smart kitchen appliances market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Kitchen Appliances Market Scope and Market Size
Smart kitchen appliances market is segmented on the basis of product type, connectivity technology, end user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the smart kitchen appliances market is segmented into ovens, dishwashers, refrigerators, cookware and cooktops, smart coffee maker, kettle, freezer, range hoods, scale and thermometers and others.
- On the basis of connectivity technology, the smart kitchen appliances market is segmented into Wi-Fi, near field communication and bluetooth.
- On the basis of end user, the smart kitchen appliances market is segmented into residential and commercial.
- The distribution channel segment of the smart kitchen appliances market is segmented into multi-brand stores,?exclusive stores, online?and others.
Smart Kitchen Appliances Market Country Level Analysis
Smart kitchen appliances market is analyzed and market size, volume information is provided by country, product type, connectivity technology, end user and distribution channel as referenced above.
The countries covered in the smart kitchen appliances market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the smart kitchen appliances market because of the rise in the trend of technology driven appliances, rise in the disposable income as well as the high investments on renovations and modern designs. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high adoption of smart refrigerators, smart ovens, mainly in China.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Kitchen Appliances Market Share Analysis
Smart kitchen appliances market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart kitchen appliances market.
The major players covered in the smart kitchen appliances market report are LG Electronics, Whirlpool Corporation, Panasonic Corporation, Morphy Richards India, SAMSUNG, Koninklijke Philips N.V., Robert Bosch Gmbh, Electrolux AB, GE Appliances, Toshiba Lifestyle Products and Services Corporation, Havells India Ltd., BSH Home Appliances Group, Hitachi Appliances, Inc., mabe international, Midea Group, Miele India Pvt. Ltd., Daewoo Electricals, Behmor, Inc., Rallison Appliances and Hangzhou Robam Electric Co., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.