The global smart kitchen appliances market was valued at USD 14,287.9 million in 2018 and is expected to reach USD 37,889.1 million in 2026, growing at a CAGR of 13.0% during the forecast period.
Smart kitchen appliances are kitchen accessories that are designed to provide comfort and efficiency in various operations in the kitchen. These appliances offer several benefits including enhanced safety, efficient cooking operations, waste reduction, and cost and energy savings as compared to traditional kitchen appliances.
Smart Kitchen Appliances Market Segmentation |
|
| By Product Type | 1. Smart Refrigerators |
| 2. Smart Dishwashers | |
| 3. Smart Ovens | |
| 4. Smart Cookware and Cooktops | |
| 5. Others | |
| By Connectivity | 1. Wi-Fi |
| 2. Bluetooth | |
| 3. Others | |
| By Distribution Channel | 1. Offline Retail Store |
| 2. Online Retail Store | |
| By Application | 1. Residential |
| 2. Commercial | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of the smart kitchen appliances market is primarily driven by the increase in disposable income, changing lifestyles in developing countries, and increasing the adoption of luxurious goods, which have favourably impacted market demand. Further, an increase in government initiatives for implementing energy-efficient devices is bolstering the demand for kitchen appliances. However, the market growth is expected to be hindered by a lack of awareness about smart kitchen appliances and the high initial and maintenance costs of these appliances.
Based on product type, smart refrigerators to dominate the market throughout the forecast period
Based on the product type, the smart kitchen appliances market has been segmented into smart refrigerators, smart dishwashers, smart ovens, smart cookware and cooktops, and others. The other segment includes smart scales and thermometers. Smart refrigerators are the first generation of smart kitchen appliances. The smart refrigerator segment accounted for a nearly 40.4% share in the year 2018. Further, the increasing focus on the development of new smart refrigerators with the latest voice assistant technology is one of the key factors that is expected to boost demand for smart refrigerators.
While other appliances accounted for a very small share in the smart kitchen appliances market, they are expected to grow at a CAGR of more than 9.4% during the forecast period.
Based on connectivity, the Wi-Fi segment is expected to grow at a CAGR of around 13.9% during the forecast period
Based on connectivity, the market has been segmented into Wi-Fi, Bluetooth, and others. The other segment includes the ZigBee, Sensor, and NFC. The Wi-Fi segment accounts for the largest share in the market and is expected to grow at a CAGR of around 13.9% during the forecast period. Developments and increasing penetration of internet infrastructure are boosting the Wi-Fi technology for the smart kitchen appliances market.
The increasing adoption of Wi-Fi technology due to its affordability and enhanced kitchen operation is driving the demand for Wi-Fi-based smart kitchen appliances. These technologies provide users with more modern convenience and more upgraded features and benefits, by combining advanced technology with flexible functionality. Further, the deployment of Wi-Fi-based appliances also helps in saving energy and reducing utility bills.
Based on the distribution channel, the online segment is expected to grow at a CAGR of around 13.6% during the forecast period
Based on the distribution channel, the market has been segmented into offline retail and online retail store. The online segment accounts for the largest share in the market and is expected to grow at a CAGR of around 13.6% during the forecast period. The rising penetration of faster internet networks and enhanced connectivity have pushed consumers to buy online. The major factors that are driving the growth of this segment are, global access to products, cost-saving, wide product assortment, discounts, and rebates, etc. Further, the rising proliferation of smartphones and the exclusive launch of appliances via e-commerce stores are also fuelling the demand for online marketing.
Based on end-user, the residential segment is expected to grow at a CAGR of around 13.6% during the forecast period
Based on the end-user, the market has been segmented into residential and commercial. The residential application segment accounts for the largest share in the market and is expected to grow at a CAGR of around 13.6% during the forecast period. The major factors that are driving the growth of this segment are, rising expenditure on household devices and changing lifestyles in developing countries.
North America to dominate the smart kitchen appliances market throughout the forecast period
North America accounted for approximately 38.0% share of the global smart kitchen appliances market in 2018 and is expected to dominate the market throughout the forecast period. The major factors responsible for the dominance of this region include changing preferences of consumers, an increase in several smart grid projects, and government initiatives for the development of energy-efficient appliances.
Asia-Pacific accounted for the highest market CAGR of 15.2% in the global smart kitchen appliances market during the forecast period. The market is increasingly witnessing growth opportunities from emerging countries. Increasing population, strong economic growth, improved standard of living, and rapid urbanization are some of the major factors in driving the growth of this region.
Company Profiles and Competitive Intelligence:
The major players operating in the global smart kitchen appliances market are LG Electronics Inc. (South Korea), Whirlpool Corporation (United States), Electrolux AB (Sweden), Panasonic Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Koninklijke Philips N.V. (the Netherlands), Haier Group Corporation (China), Siemens AG (Germany), General Electric (United States), and Robert Bosch GmbH (Germany), among others.
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Table of Content
Chapter 1 Executive Summary
1.1 Market Summary
1.1.1 Global Smart Kitchen Appliances Market, 2016-2026, (Units) (US$ Mn)
1.1 Market Snapshot: Global Smart Kitchen Appliances Market
1.2 Market Dynamics
1.3 Global Smart Kitchen Appliances Market, by Segment, 2018
1.3.1 Global Smart Kitchen Appliances Market, by Product Type, 2018, (Units) (US$ Mn)
1.3.1 Global Smart Kitchen Appliances Market, by Connectivity, 2018, (Units) (US$ Mn)
1.3.1 Global Smart Kitchen Appliances Market, by Distribution Channel, 2018, (Units) (US$ Mn)
1.3.2 Global Smart Kitchen Appliances Market, by End User, 2018, (Units) (US$ Mn)
1.3.3 Global Smart Kitchen Appliances Market, by Region, 2018 (Units) (US$ Mn)
1.4 Premium Insights
1.4.1 Smart Kitchen Appliances Market In Developed Vs. Developing Economies, 2018 vs 2023
1.4.2 Global Smart Kitchen Appliances Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1 Market Overview
2.2 Market Drivers
2.2.1 Increased advent of voice-controlled assistance with multiple functionalities
2.2.2 Increasing penetration of wireless connectivity
2.3 Market Restraints
2.3.1 High implementation cost of smart technologies
2.3.2 Lack of technical expertise
2.4 Market Opportunities
2.4.1 Growing demand from developed and developing economies
2.5 Industry SWOT Analysis
2.6 Pricing Analysis
2.7 Porter’s Five Forces Analysis
Chapter 3 Global Smart Kitchen Appliances Market, by Product Type
3.1 Market Overview, by Product Type
3.1.1 Global Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
3.1.2 Incremental Opportunity, by Product Type, 2018
3.2 Smart Refrigerators
3.2.1 Global Smart Kitchen Appliances Market, by Smart Refrigerators, 2016-2026, (Units) (US$ Mn)
3.3 Smart Dishwashers
3.3.1 Global Smart Kitchen Appliances Market, by Smart Dishwashers, 2016-2026, (Units) (US$ Mn)
3.4 Smart Ovens
3.4.1 Global Smart Kitchen Appliances Market, by Smart Ovens, 2016-2026, (Units) (US$ Mn)
3.5 Smart Cookware and Cooktops
3.5.1 Global Smart Kitchen Appliances Market, by Smart Cookware and Cooktops, 2016-2026, (Units) (US$ Mn)
3.5 Others
3.5.1 Global Smart Kitchen Appliances Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 4 Global Smart Kitchen Appliances Market, by Connectivity
4.1 Market Overview, by Connectivity
4.1.1 Global Smart Kitchen Appliances Market, by Connectivity, 2016-2026 (Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Connectivity, 2018
4.2 Wi-Fi
4.2.1 Global Smart Kitchen Appliances Market, by Wi-Fi, 2016-2026, (Units) (US$ Mn)
4.3 Bluetooth
4.3.1 Global Smart Kitchen Appliances Market, by Bluetooth, 2016-2026, (Units) (US$ Mn)
4.4 Others
4.4.1 Global Smart Kitchen Appliances Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 5 Global Smart Kitchen Appliances Market, by Distribution Channel
5.1 Market Overview, by Distribution Channel
5.1.1 Global Smart Kitchen Appliances Market, by Distribution Channel, 2016-2026 (Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Distribution Channel, 2018
5.2 Offline Retail Store
5.2.1 Global Smart Kitchen Appliances Market, by Offline Retail Store, 2016-2026, (Units) (US$ Mn)
5.3 Online Retail Store
5.3.1 Global Smart Kitchen Appliances Market, by Online Retail Store, 2016-2026, (Units) (US$ Mn)
Chapter 6 Global Smart Kitchen Appliances Market, by End User
6.1 Market Overview, by End User
6.1.1 Global Smart Kitchen Appliances Market, by End User, 2016-2026 (Units) (US$ Mn)
6.1.2 Incremental Opportunity, by End User, 2018
6.2 Residential
5.2.1 Global Smart Kitchen Appliances Market, by Residential, 2016-2026, (Units) (US$ Mn)
6.3 Commercial
6.3.1 Global Smart Kitchen Appliances Market, by Commercial, 2016-2026, (Units) (US$ Mn)
Chapter 7 Global Smart Kitchen Appliances Market, by Region
7.1 Market Overview, by Region
7.1.1 Global Smart Kitchen Appliances Market, by Region, 2016-2026, (Units) (US$ Mn)
7.2 Attractive Investment Opportunity, by Region, 2018
7.3 North America Smart Kitchen Appliances Market
7.3.1 North America Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.3.2 North America Smart Kitchen Appliances Market, by Connectivity, 2016-2026 (Units) (US$ Mn)
7.3.3 North America Smart Kitchen Appliances Market, by Distribution Channel, 2016-2026 (Units) (US$ Mn)
7.3.4 North America Smart Kitchen Appliances Market, by End User, 2016-2026 (Units) (US$ Mn)
7.3.5 North America Smart Kitchen Appliances Market, by Country, 2016-2026 (Units) (US$ Mn)
7.3.5.1 United States Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.3.5.2 Canada Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.4 Europe Smart Kitchen Appliances Market
7.4.1 Europe Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.4.2 Europe Smart Kitchen Appliances Market, by Connectivity, 2016-2026 (Units) (US$ Mn)
7.4.3 Europe Smart Kitchen Appliances Market, by Distribution Channel, 2016-2026 (Units) (US$ Mn)
7.4.4 Europe Smart Kitchen Appliances Market, by End User, 2016-2026 (Units) (US$ Mn)
7.4.5 Europe Smart Kitchen Appliances Market, by Country, 2016-2026 (Units) (US$ Mn)
7.4.5.1 United Kingdom Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.4.5.2 Germany Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.4.5.3 France Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.4.5.4 Rest of Europe Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.5 Asia Pacific Smart Kitchen Appliances Market
7.5.1 Asia Pacific Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.5.2 Asia Pacific Smart Kitchen Appliances Market, by Connectivity, 2016-2026 (Units) (US$ Mn)
7.5.3 Asia Pacific Smart Kitchen Appliances Market, by Distribution Channel, 2016-2026 (Units) (US$ Mn)
7.5.4 Asia Pacific Smart Kitchen Appliances Market, by End User, 2016-2026 (Units) (US$ Mn)
7.5.5 Asia Pacific Smart Kitchen Appliances Market, by Country, 2016-2026 (Units) (US$ Mn)
7.5.5.1 China Smart Kitchen ApplianceS Market, 2016-2026 (Units) (US$ Mn)
7.5.5.2 Japan Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.5.5.3 India Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.5.5.4 Rest of Asia Pacific Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.6 Latin America Smart Kitchen ApplianceS Market
7.6.1 Latin America Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.6.2 Latin America Smart Kitchen Appliances Market, by Connectivity, 2016-2026 (Units) (US$ Mn)
7.6.3 Latin America Smart Kitchen Appliances Market, by Distribution Channel, 2016-2026 (Units) (US$ Mn)
7.6.4 Latin America Smart Kitchen Appliances Market, by End User, 2016-2026 (Units) (US$ Mn)
7.6.5 Latin America Smart Kitchen Appliances Market, by Country, 2016-2026 (Units) (US$ Mn)
7.6.5.1 Brazil Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.6.5.2 Mexico Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.6.5.3 Rest of Latin America Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.7 Middle East & Africa Smart Kitchen Appliances Market
7.7.1 Middle East & Africa Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.7.2 Middle East & Africa Smart Kitchen Appliances Market, by Connectivity, 2016-2026 (Units) (US$ Mn)
7.7.3 Middle East & Africa Smart Kitchen Appliances Market, by Distribution Channel, 2016-2026 (Units) (US$ Mn)
7.7.4 Middle East & Africa Smart Kitchen Appliances Market, by End User, 2016-2026 (Units) (US$ Mn)
7.7.5 Middle East & Africa Smart Kitchen Appliances Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.7.5.1 GCC Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
7.7.5.2 Rest of Middle East & Africa Smart Kitchen Appliances Market, 2016-2026 (Units) (US$ Mn)
Chapter 8 Competitive Intelligence
8.1 Top 5 Players Comparison
8.2 Market Positioning of Key Players, 2018
8.3 Market Players Mapping
8.3.1 By Product Type
8.3.2 By Connectivity
8.3.3 By Distribution Channel
8.3.4 By End User
8.3.5 By Region
8.4 Strategies Adopted by Key Market Players
8.5 Recent Developments in the Market
8.5.1 Mergers & Acquisitions, Partnership, New Product Developments
Chapter 9 Company Profiles
9.1 LG Electronics Inc.
9.1.1 LG Electronics Inc. Overview
9.1.2 LG Electronics Inc. Products Portfolio
9.1.3 LG Electronics Inc. Financial Overview
9.1.4 LG Electronics Inc. News/Recent Developments
9.2 Whirlpool Corporation
9.2.1 Whirlpool Corporation Overview
9.2.2 Whirlpool Corporation Products Portfolio
9.2.3 Whirlpool Corporation Financial Overview
9.2.4 Whirlpool Corporation News/Recent Developments
9.3 Electrolux AB
9.3.1 Electrolux AB Overview
9.3.2 Electrolux AB Products Portfolio
9.3.3 Electrolux AB Financial Overview
9.3.4 Electrolux AB News/Recent Developments
9.4 Panasonic Corporation
9.4.1 Panasonic Corporation Overview
9.4.2 Panasonic Corporation Products Portfolio
9.4.3 Panasonic Corporation Financial Overview
9.4.4 Panasonic Corporation News/Recent Developments
9.5 Samsung Electronics Co. Ltd
9.5.1 Samsung Electronics Co. Ltd Overview
9.5.2 Samsung Electronics Co. Ltd Products Portfolio
9.5.3 Samsung Electronics Co. Ltd Financial Overview
9.5.4 Samsung Electronics Co. Ltd News/Recent Developments
9.6 Koninklijke Philips N.V.
9.6.1 Koninklijke Philips N.V. Overview
9.6.2 Koninklijke Philips N.V. Products Portfolio
9.6.3 Koninklijke Philips N.V. Financial Overview
9.6.4 Koninklijke Philips N.V. News/Recent Developments
9.7 Haier Group Corporation
9.7.1 Haier Group Corporation Overview
9.7.2 Haier Group Corporation Products Portfolio
9.7.3 Haier Group Corporation Financial Overview
9.7.4 Haier Group Corporation News/Recent Developments
9.8 General Electric
9.8.1 General Electric Overview
9.8.2 General Electric Products Portfolio
9.8.3 General Electric Financial Overview
9.8.4 General Electric News/Recent Developments
9.9 Robert Bosch GmbH
9.9.1 Robert Bosch GmbH Limited Overview
9.9.2 Robert Bosch GmbH Products Portfolio
9.9.3 Robert Bosch GmbH Financial Overview
9.9.4 Robert Bosch GmbH News/Recent Developments
9.10 Siemens AG
9.10.1 Siemens AG Overview
9.10.2 Siemens AG Products Portfolio
9.10.3 Siemens AG Financial Overview
9.10.4 Siemens AG News/Recent Developments
Chapter 10 Preface
10.1 Data Triangulation
10.2 Research Methodology
10.2.1 Phase I – Secondary Research
10.2.2 Phase II – Primary Research
10.2.3 Phase III – Expert Panel Review
10.2.4 Approach Adopted
10.2.4.1 Top-Down Approach
10.2.4.2 Bottom-Up Approach
10.2.5 Supply- Demand side
10.2.6 Breakup of the Primary Profiles
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