Smart Kitchen Appliances Market - Growth, Trends And Forecast (2019 - 2024)

Global smart kitchen appliances market is segmented by product type into, smart ovens, smart dishwashers, smart refrigerators, smart cookwares and cook tops, smart scale and thermometers and others; by the end user into residential and commercial; by distribution channel into offline retail stores and commercial retail stores and by geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR%(2019-2024):

14.12%

Key Players:

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Market Overview

The global smart kitchen appliances market is forecasted to register a CAGR of 14.12% during the forecast period (2019-2024).

  • With pacing technological advancements, the kitchen concept has gone through very radical change, with a major focus on increasing efficiency around the kitchen and reducing the time spent in cleaning and cooking.
  • Customers of the global market have started to link technological advancement as an indication of prosperity and are spending a disproportionate amount on beautifying their homes. This has led to the growth of the smart kitchen appliances market over the forecast period.

Scope of the Report

The global smart kitchen appliances market is segmented by product type into, smart ovens, smart dishwashers, smart refrigerators, smart cookwares and cooktops, smart scale and thermometers and others; by the end user into residential and commercial; by distribution channel into offline retail stores and commercial retail stores. The study also covers the global level analysis of the major regions North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Product Type
Smart Ovens
Smart Dishwashers
Smart Refrigerators
Smart Cookware and Cooktops
Smart Scale and Thermometers
Other Product Types
End User
Residential Applications
Commercial Applications
Distribution Channel
Offline Retail Stores
Commercial Retail Stores
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

Designing Of Internet Of Things (iot) Network System For Kitchen

The potential of IoT has not been unnoticed by kitchen appliances manufacturers, and they are investing time and money in developing infrastructures for their products to communicate over. This factor is highly appreciated by the consumers actively using IoT devices, which is expected to drive the market growth, over the forecast period. Internet of Things is a growing network of everyday objects, connecting industrial machines to consumer home appliances that can share information and complete tasks, while people are engaged in other routine activities. Embedding a small amount of processing power into appliances has created significant lifestyle benefits. Networked objects are serving users better, and are helping modify users’ behavior in positive ways, by reminding the users of schedules, deadlines, or other household needs.

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United States is a Growing Market In North America

The home appliance industry, through its products and innovation, is becoming essential to consumers, due to changes in lifestyle, health, safety, and convenience. It is also contributing significantly to the US job market and the nation’s economic security. The factors promoting the growth of the market are the high technological acceptance in the country and the purchasing power of the consumer. Even the government is promoting the adoption of energy efficient appliances. Connected home devices include smart appliances (dishwashers, dryers, refrigerators, etc.), safety and security systems, and energy equipment like smart thermostats and smart lighting. Furthermore, although built-in connectivity is a niche feature in large cooking appliances in the United States, a rise in smart assistant speakers is indicated. For example, recently, Whirlpool integrated technological innovations in a selection of kitchen appliances, calling it the Smart Home Line.

 
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Competitive Landscape

The most active companies in the market include key players, such as Samsung Electronics Co. Ltd, Whirlpool Corporation, LG Electronics, and AB Electrolux. Key players in the global smart kitchen appliances market are focussing on the online distribution channels, for their online marketing and branding of their products to attract more customers. Some of the other prominent players in the market are Sub-Zero, Breville Group Limited, Hestan Cue Inc., Miele & Cie KG, and Panasonic Corporation. 

Major Players

  1. Samsung Electronics Co. Ltd
  2. Whirlpool Corporation
  3. Electrolux AB
  4. LG Electronics Inc.
  5. Panasonic Corporation

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Smart Ovens

      2. 5.1.2 Smart Dishwashers

      3. 5.1.3 Smart Refrigerators

      4. 5.1.4 Smart Cookware and Cooktops

      5. 5.1.5 Smart Scale and Thermometers

      6. 5.1.6 Other Product Types

    2. 5.2 End User

      1. 5.2.1 Residential Applications

      2. 5.2.2 Commercial Applications

    3. 5.3 Distribution Channel

      1. 5.3.1 Offline Retail Stores

      2. 5.3.2 Commercial Retail Stores

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Active Companies

    3. 6.3 Most Adopted Strategy

    4. 6.4 Company Profiles

      1. 6.4.1 AB Electrolux

      2. 6.4.2 Samsung Electronics Co. Ltd

      3. 6.4.3 Whirlpool Corporation

      4. 6.4.4 LG Electronics Inc.

      5. 6.4.5 BSH Home Appliances Corporation

      6. 6.4.6 Panasonic Corporation

      7. 6.4.7 Haier Group

      8. 6.4.8 Breville Group Limited

      9. 6.4.9 Miele &

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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