Menu ×


Smart Kitchen Appliances Market By Product Type (Smart Refrigerator, Smart Cookware, Smart Dishwasher, Smart Kettles, Smart Coffeemaker, Smart Thermometers, Others); By Price (Premium, Economy and Low); By End User (Commercial and Residential); By Connectivity (Bluetooth and Wifi) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

  • Report ID: 599
  • Text Size:

Extensive insights into the Growth of Smart Kitchen Appliances Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Smart Kitchen Appliance Overview

Smart kitchen appliance refers to the kitchen accessories which are designed in a way that provides comfort and ease in almost every work of the kitchen. In comparison to the kitchen appliances, the smart kitchen appliances are costly but they are time saving. Some of the advantages of smart kitchen appliances include energy saving, time consumption, waste reduction and proper cooking.

Market Size and Forecast

Global smart kitchen appliance market is anticipated to flourish at a CAGR of 13.8% during the forecast period i.e. 2017-2024. Further, global smart kitchen appliance market is likely to grow highly as anticipated due to the increase in the advancement of the home appliances region. Moreover, rising innovation through smartphones is anticipated to positively impact the growth of the global smart kitchen appliance market.

In the regional market, North America is expected to dominate the overall market of global smart kitchen appliances over the forecast period. Rising consumer requirement has led to the growth of the smart kitchen appliance market globally. Change in lifestyle and government initiatives regarding such devices will further boost the growth of the global smart kitchen appliance market over the forecast period.

smart kitchen appliances market

Europe smart kitchen appliance market is anticipated to showcase exponential growth over the forecast period due to the increasing demand for the luxury cookware from the European consumers end. Asia Pacific region is expected to observe outstanding growth in near future due to the technological advancement and superior quality of product.CLICK TO DOWNLOAD FREE SAMPLE

Based on product type, smart kitchen appliance market is segmented into smart refrigerator, smart cookware, smart dishwasher, smart kettles, smart coffeemaker and smart thermometers.

Market Segmentation

Our in-depth analysis has segmented global smart kitchen appliance market into the following segments:

By Product Type

  • Smart Refrigerator
  • Smart Cookware
  • Smart Dishwasher
  • Smart Kettles
  • Smart Coffeemaker
  • Smart Thermometers

By Price

  • Premium
  • Economy
  • Low

By End User

  • Residential
  • Commercial

By Connectivity

  • Bluetooth
  • Wi-Fi

By Region

The global smart kitchen appliance market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Factors such as rising discretionary income of the consumers have intensified the growth of global smart kitchen appliance market over the forecast period. Smart kitchen devices are designed for efficient as well as comfortable operation in comparison with the traditional devices. On account of increasing advancements in kitchen appliances industry, the industry is anticipated to witness substantial growth over the forecast period.

Further, smart kitchen appliances are well-equipped with sensors and are designed with advanced connectivity features, which can connect to handheld devices (such as tablets or smartphones). Functional as well as easy operability is expected to gain prominence, thereby leading to the development of efficient devices. Besides this, high energy consumption of traditional appliances is expected to be one of the important factors which will the shift the focus of consumers towards smart devices over the forecast period.

However, lack of awareness about the appliances and their benefits over the traditional devices are anticipated to hinder the market growth over the next few years. Apart from this, large-scale digitization is anticipated to open avenues for industry growth. High initial as well as maintenance costs of the devices are expected to pose a challenge to industry growth, especially in developing economies over the forecast period.

Key Players

  • Whirlpool Corporation
    • Company Overview
    • Key Product Offering
    • Business Strategy
    • SWOT Analysis
    • Financials
  • LG Electronics
  • Dongbu Daewoo Electronics Corporation
  • AB Electrolux
  • Panasonic Corporation
  • Haier Group
  • Samsung Electronics Co. Ltd.
  • BSH Home Appliances Corporation
  • Sub-Zero, Inc.
  • Breville Group Ltd.

Scope and Context

Overview of the Parent Market

Analyst View


The global smart kitchen appliance market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Price Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Connectivity Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved