+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Smart Kitchen Appliances Market: Focus on Products (Refrigerators, Dishwashers, Coffee Machines), Technology (Wi-Fi/Bluetooth), Distribution Channel (Online, Offline), End User (Residential, Commercial) and Region - Analysis and Forecast, 2019-2024

  • ID: 5030824
  • Report
  • May 2020
  • Region: Global
  • 233 Pages
  • BIS Research

Enquire about COVID-19 updates for this product.

Enquire Now
Global Smart Kitchen Appliances Market Anticipated to Reach $8.20 Billion by 2024

FEATURED COMPANIES

  • Electrolux AB
  • Illycaffè S.p.A.
  • LG Electronics Co., Ltd.
  • Miele & cie. KG
  • Qingdao Haier Co., Ltd
  • Sharp Corporation
  • MORE

According to the market intelligence report titled ‘Global Smart Kitchen Appliances Market - Analysis and Forecast, 2019-2024’, the smart kitchen appliances market is expected to reach $8.20 billion by 2024, rising at a CAGR of 23.08% from 2019 to 2024. Market growth is largely attributed due to the adoption of smart kitchen appliances pertaining to households with increasing disposable income to spend on premium kitchen appliances.

The era of technological modernization began with the advent of smart homes in nations, such as the U.S., the U.K., and developed European countries. The importance of the home and household appliances in the lives of the population is an affirmation of the advancement of the living space, as the customers benefit visibly. The configuration of modern homes with smart meters as an initiative to build smart cities has boosted the need for energy-efficient appliances to be used in households. This has given a gradual rise to the replacement of traditional kitchen appliances with smart kitchen appliances in most developed nations.

The increasing urbanization has also fueled the need for independently operating kitchen appliances, which the consumers can access or give orders to operate based on their convenience. This has been made possible with the extensive internet connectivity, which is present in most advanced economies but is gradually picking pace in the developing nations. As a result, the ease in operating and managing kitchens has made smart kitchen appliances an attractive option for consumers who lead a hectic lifestyle.

The smart kitchen appliances are expected to advance technologically, with an increase in compatibility with smart home appliances, for further opportunities and emerging trends related to Machine-to-Machine (M2M) communication amongst smart appliances. This paves the way for home automation in future generations, which is currently a distant goal for consumers as well as governments.

According to Rakhi Tanwar, Principal Analyst, “In 2018, the smart kitchen appliances market by product category was dominated by smart refrigerators. These products are mainly being adopted due to the replacement of traditional kitchen appliances with smart appliances."

The smart coffee machines are the most upcoming product category for smart kitchen appliances in the coming years, with individuals increasingly looking forward to IoT controlled kitchen appliances that enable ease of operations in a busy lifestyle. Although many solution providers in this segment are currently providing the same at high costs, the coming decade is expected to witness a reduction in prices in order to increase market penetration of smart kitchen appliances as compared to traditional kitchen appliances."

Some of the most prominent players in the smart kitchen appliances market are Whirlpool Corporation, Qingdao Haier Co., Ltd, Miele & cie. KG, Midea Group, LG Electronics, Robert Bosch GmbH, Siemens AG, and De’Longhi Appliances S.r..L. The result of the emerging strategies and developments are already surging the market in the form of product launches. Moreover, the growing market of smart kitchen appliances is further expected to increase the involvement of companies across different segments of the value chain. The majority of the companies preferred launching new products to offer the customers with a wide variety to choose from, while the relatively less adoptive strategies comprised collaborations with similar companies in the supply chain, thus consolidating a small part of the market. Strategic partnerships, collaborations, and joint ventures across the value chain of the smart kitchen appliances industry presented a major strategic move made by a large number of companies since 2017. For instance, in September 2019, Qingdao Haier Co., Ltd partnered with SideChef, a software company, to develop agriculture software integrated by artificial intelligence. Similarly, a home cooking platform, to provide their users with step-by-step cooking instructions based on inventory available inside the refrigerator.

This report is a meticulous compilation of research on more than 100 players in the smart kitchen appliances ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 40 leading companies, market participants, and vendors. The report also profiles 15 leading manufacturers in smart kitchen appliances. Key profiles include Whirlpool Corporation, Qingdao Haier Co., Ltd, Miele & cie. KG, Midea Group, LG Electronics, Robert Bosch GmbH, Siemens AG, and De’Longhi Appliances S.r..L., Samsung Electronics Co. Ltd, and Smarter Kitchen Appliances, among others.

Key questions answered in the report:

  • What is the expected global smart kitchen appliances market size in terms of value during the period 2018-2024?
  • What is the anticipated future scenario and revenue generated by the different types of products offered under smart kitchen appliances, such as smart refrigerators, smart dishwashers, smart coffee machines, smart ovens and microwaves, smart cooktops and ranges, among others?
  • What is the expected future scenario and revenue generated by different end-users of smart kitchen appliances, including the residential sector and the commercial sector?
  • What is the expected future scenario and revenue generated through different distribution channels adopted for the sale of smart kitchen appliances, including offline and online platforms?
  • What is the expected future scenario and revenue generated by the integration of connectivity platform integrated into smart kitchen appliances, Wi-Fi/Bluetooth, and others?
  • Which geographical region is currently the largest market in the global smart kitchen appliances market?
  • What are the expected future scenario and the revenue generated by different geographical regions and countries in the agriculture market such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?
  • What is the expected future scenario and revenue generated by different products under smart kitchen appliances in different regions such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?
  • What is the competitive strength of the key players in the smart kitchen appliances market on the basis of the analysis of their recent developments, product offerings, and regional presence?
  • What are the emerging trends in the global smart kitchen appliances market through innovations and patents filed?
  • How are the adoption scenario, related opportunities, and challenges associated with smart kitchen appliances market?
  • What are the market dynamics of the global smart kitchen appliances market including market drivers, restraints, and opportunities?
  • What are the expected market driving trends for smart kitchen appliances in terms of business model, market consolidation, and new product offerings?

Enterprise License customers will receive an Excel spreadsheet containing additional data.



Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Electrolux AB
  • Illycaffè S.p.A.
  • LG Electronics Co., Ltd.
  • Miele & cie. KG
  • Qingdao Haier Co., Ltd
  • Sharp Corporation
  • MORE

1 Market Dynamics
1.1 Market Drivers
1.1.1 Increasing Smart Cities Funding Fueling Smart Kitchen Appliances Demand
1.1.2 Need for Energy-Efficient Appliances in the Kitchen
1.1.3 Growing Demand for Connected Devices
1.2 Market Restraints
1.2.1 Data Privacy and IoT Security Concern Among the Consumers
1.2.2 High Purchasing Cost of Smart Kitchen Appliances
1.3 Market Opportunities
1.3.1 Favorable Government Policies to Support IoT
1.3.2 Machine-to-Machine (M2M) Communication in Smart Kitchen Appliances

2 Competitive Landscape
2.1 Key Market Developments and Strategies
2.1.1 New Product Launches and Developments
2.1.2 Partnerships, Collaborations, and Joint Ventures
2.1.3 Mergers and Acquisitions
2.1.4 Business Expansion and Contracts
2.1.5 Others (Awards and Recognitions)

3 Industry Analysis
3.1 Industry Attractiveness
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat from Substitutes
3.1.5 Intensity of Competitive Rivalry
3.2 Technologies in Smart Kitchen Appliances Industry
3.2.1 Comparative Analysis of Technology in Global Smart Kitchen Appliances Market
3.2.2 Smart Kitchen Appliances: Product Analysis
3.2.2.1 Smart Refrigerator: Competitive Analysis
3.2.2.2 Smart Oven: Competitive Analysis
3.2.2.3 Smart Cooktops & Ranges: Competitive Analysis
3.2.2.4 Smart Wall Ovens: Competitive Analysis
3.2.2.5 Smart Dishwasher: Competitive Analysis
3.2.2.6 Smart Coffee Machine: Competitive Analysis
3.2.2.7 Others: Competitive Analysis
3.3 Patent Analysis
3.3.1 Patent Analysis (by Status)
3.3.2 Patent Analysis (by Company)
3.3.3 Patent Analysis (by Applicant Profile)
3.3.4 Patent Analysis (by Product)

4 Global Smart Kitchen Appliances Market (by Product)
4.1 Assumption and Limitations
4.2 Market Overview
4.3 Smart Refrigerators
4.4 Smart Dishwashers
4.5 Smart Cooktops & Ranges
4.6 Smart Microwaves & Ovens
4.7 Smart Coffee Machines
4.8 Others

5 Global Smart Kitchen Appliances Market (by Technology)
5.1 Wi-Fi/Bluetooth
5.1.1 Wi-Fi
5.1.2 Bluetooth
5.2 Others

6 Global Smart Kitchen Appliances Market (by Distribution Channel)
6.1 Market Overview
6.2 Offline
6.2.1 Wholesaler/Distributor
6.2.2 Experience Center
6.3 Online
6.3.1 Third-Party E-Commerce Website
6.3.2 Companies Branded Online Retail Stores

7 Global Smart Kitchen Appliances Market (by End User)
7.1 Market Overview
7.2 Residential
7.3 Commercial

8 Global Smart Kitchen Appliances Market (By Region)
8.1 North America
8.1.1 North America (by Product)
8.1.2 North America (by Country)
8.1.2.1 U.S.
8.1.2.2 Canada
8.1.2.3 Mexico
8.2 Europe
8.2.1 Europe (by Product)
8.2.2 Europe (by Country)
8.2.2.1 Germany
8.2.2.2 Spain
8.2.2.3 France
8.2.2.4 Italy
8.2.2.5 Rest-of-Europe
8.3 Asia-Pacific Japan
8.3.1 Asia-Pacific Japan (by Product)
8.3.2 Asia-Pacific Japan (by Country)
8.3.2.1 Japan
8.3.2.2 India
8.3.2.3 Australia
8.3.2.4 South Korea
8.3.2.5 Rest-of-Asia-Pacific Japan
8.4 U.K.
8.4.1 U.K. (by Product)
8.5 South America
8.5.1 South America (by Product)
8.5.2 South America (by Country)
8.5.2.1 Brazil
8.5.2.2 Argentina
8.5.2.3 Rest-of-South America
8.6 Middle East Africa
8.6.1 Middle East Africa (by Product)
8.6.2 Middle East Africa (by Country)
8.6.2.1 U.A.E
8.6.2.2 Saudi Arabia
8.6.2.3 South Africa
8.6.2.4 Rest-of-Middle East Africa
8.7 China
8.7.1 China (by Product)

9 Company Profiles
9.1 De’Longhi Appliances S.r.L.
9.1.1 Company Overview
9.1.2 Role of De’Longhi Appliances S.r.L. in Smart Kitchen Appliances Market
9.1.3 Product Portfolio
9.1.4 Financials
9.1.5 SWOT Analysis
9.2 Electrolux AB
9.2.1 Company Overview
9.2.2 Role of Electrolux AB in Smart Kitchen Appliances Market
9.2.3 Product Portfolio
9.2.4 Financials
9.2.5 SWOT Analysis
9.3 Groupe SEB
9.3.1 Company Overview
9.3.2 Role of Groupe SEB in Smart Kitchen Appliances Market
9.3.3 Product Portfolio
9.3.4 Financials
9.3.5 SWOT Analysis
9.4 Illycaffè S.p.A.
9.4.1 Company Overview
9.4.2 Role of Illycaffè S.p.A.in Smart Kitchen Appliances Market
9.4.3 Product Portfolio
9.4.4 SWOT Analysis
9.5 Koninklijke Philips N.V.
9.5.1 Company Overview
9.5.2 Role of Koninklijke Philips N.V. in Smart Kitchen Appliances Market
9.5.3 Product Portfolio
9.5.4 Financials
9.5.5 SWOT Analysis
9.6 LG Electronics Co., Ltd.
9.6.1 Company Overview
9.6.2 Role of LG Electronics Co., Ltd. in Smart Kitchen Appliances Market
9.6.3 Product Portfolio
9.6.4 Financials
9.6.5 SWOT Analysis
9.7 Midea Group Co., Ltd.
9.7.1 Company Overview
9.7.2 Role of Midea Group Co., Ltd. in Smart Kitchen Appliances Market
9.7.3 Product Portfolio
9.7.4 Financials
9.7.5 SWOT Analysis
9.8 Miele & cie. KG
9.8.1 Company Overview
9.8.2 Role of Miele & cie. KG in Smart Kitchen Appliances Market
9.8.3 Product Portfolio
9.8.4 Financials
9.8.5 SWOT Analysis
9.9 Panasonic Corporation
9.9.1 Company Overview
9.9.2 Role of Panasonic Corporation in Smart Kitchen Appliances Market
9.9.3 Product Portfolio
9.9.4 Financials
9.9.5 SWOT Analysis
9.10 Qingdao Haier Co., Ltd
9.10.1 Company Overview
9.10.2 Role of Qingdao Haier Co., Ltd in Smart Kitchen Appliances Market
9.10.3 Product Portfolio
9.10.4 Financials
9.10.5 SWOT Analysis
9.11 Robert Bosch GmbH
9.11.1 Company Overview
9.11.2 Role of Robert Bosch GmbH in Smart Kitchen Appliances Market
9.11.3 Product Portfolio
9.11.4 Financials
9.11.5 SWOT Analysis
9.12 Samsung Electronics Co., Ltd.
9.12.1 Company Overview
9.12.2 Role of Samsung Electronics Co., Ltd. in Smart Kitchen Appliances Market
9.12.3 Product Portfolio
9.12.4 Financials
9.12.5 SWOT Analysis
9.13 Sharp Corporation
9.13.1 Company Overview
9.13.2 Role of Sharp Corporation in Smart Kitchen Appliances Market
9.13.3 Product Portfolio
9.13.4 Financials
9.13.5 SWOT Analysis
9.14 Siemens AG
9.14.1 Company Overview
9.14.2 Role of Siemens AG in Smart Kitchen Appliances Market
9.14.3 Product Portfolio
9.14.4 Financials
9.14.5 SWOT Analysis
9.15 SMARTER APPLICATIONS LTD.
9.15.1 Company Overview
9.15.2 Role of SMARTER APPLICATIONS LTD. in Smart Kitchen Appliances Market
9.15.3 Product Portfolio
9.15.4 SWOT Analysis
9.16 Whirlpool Corporation
9.16.1 Company Overview
9.16.2 Role of Whirlpool Corporation in Smart Kitchen Appliances Market
9.16.3 Product Portfolio
9.16.4 Financials
9.16.5 SWOT Analysis

10 Report Scope and Methodology
10.1 Scope of the Report
10.2 Global Smart Kitchen Appliances Market Segmentation
10.3 Global Smart Kitchen Appliances Market Research Methodology
10.3.1 Assumptions
10.3.2 Limitations
10.3.3 Primary Data Sources
10.3.4 Secondary Data Sources
10.3.5 Data Triangulation
10.3.6 Market Estimation and Forecast

List of Tables
Table 1.1: Impact Analysis of Drivers
Table 1.2: Impact Analysis of Restraints
Table 3.1: Analyzing Threat of New Entrants
Table 3.2: Analyzing Bargaining Power of Buyers
Table 3.3: Analyzing Bargaining Power of Suppliers
Table 3.4: Analyzing the Threat from Substitute
Table 3.5: Analyzing the Intensity of Competitive Rivalry
Table 3.6: Comparisons Among Technologies
Table 3.7: Product Analysis of Smart Kitchen Appliances
Table 3.8: Product Analysis of Smart Ovens
Table 3.9: Product Analysis of Smart Cooktops & Ranges
Table 3.10: Product Analysis of Smart Wall Ovens
Table 3.11: Product Analysis of Smart Dishwashers
Table 3.12: Product Analysis of Smart Coffee Machines
Table 3.13: Product Analysis of Other Smart Kitchen Appliances
Table 4.1: Global Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 5.1: Global Smart Kitchen Appliances (by Technology), $Million, 2018-2024
Table 6.1: Global Smart Kitchen Appliances (by Distribution Channel), $Million, 2018-2024
Table 6.2: Global Internet and Population Statistics, 2019
Table 7.1: Global Smart Kitchen Appliances (by End User), $Million, 2018-2024
Table 8.1: Global Smart Kitchen Appliances Market (by Region), $Million, 2018-2024
Table 8.2: North America Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 8.3: North America Smart Kitchen Appliances Market (by Country), $Million, 2018-2024
Table 8.4: Electricity Prices in the U.S. for 2017 and 2018
Table 8.5: Europe Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 8.6: Europe Smart Kitchen Appliances Market (by Country), $Million, 2018-2024
Table 8.7: Asia-Pacific Japan Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 8.8: Asia-Pacific Japan Smart Kitchen Appliances Market (by Country), $Million, 2018-2024
Table 8.9: The U.K. Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 8.10: South America Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 8.11: South America Smart Kitchen Appliances Market (by Country), $Million, 2018-2024
Table 8.12: Middle East Africa Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 8.13: Middle East Africa Smart Kitchen Appliances Market (by Country), $Million, 2018-2024
Table 8.14: China Smart Kitchen Appliances Market (by Product), $Million, 2018-2024
Table 9.1: De’Longhi Group Product Portfolio
Table 9.2: Electrolux AB Product Portfolio
Table 9.3: Groupe SEB Product Portfolio
Table 9.4: Illycaffè S.p.A. Product Portfolio
Table 9.5: Koninklijke Philips N.V. Product Portfolio
Table 9.6: LG Electronics Co., Ltd.: Product Portfolio
Table 9.7: Midea Group Co., Ltd. Product Portfolio
Table 9.8: Miele & cie. KG: Product Portfolio
Table 9.9: Panasonic Corporation Product Portfolio
Table 9.10: Qingdao Haier Co., Ltd Product Portfolio
Table 9.11: Robert Bosch GmbH Product Portfolio
Table 9.12: Samsung Electronics Co., Ltd.: Product Portfolio
Table 9.13: Sharp Corporation Product Portfolio
Table 9.14: Siemens AG Product Portfolio
Table 9.15: SMARTER APPLICATIONS LTD. Product Portfolio
Table 9.16: Whirlpool Corporation Product Portfolio

List of Figures
Figure 1: Macroeconomic Trends Impacting the Kitchen Appliances Industry
Figure 2: Drivers and Restraints: Global Smart Kitchen Appliances Market
Figure 3: Global Smart Kitchen Appliances Market Snapshot
Figure 4: Global Smart Kitchen Appliances Market (by Product), $Million, 2019 and 2024
Figure 5: Global Smart Kitchen Appliances Market (by Technology), $Million, 2019 and 2024
Figure 6: Global Smart Kitchen Appliances Market (by End User), $Million, 2019 and 2024
Figure 7: Global Smart Kitchen Appliances Market (by Distribution Channel), $Million, 2019 and 2024
Figure 8: Regional Smart Kitchen Appliances Market, 2018-2024
Figure 1.1: Market Dynamics
Figure 1.2: Segmentation of Smart City
Figure 1.3: Number of Connected Devices, Global, 2015-2021
Figure 1.4: Difference in Average Selling Price of Smart and Normal Kitchen Appliances
Figure 2.1: Strategies Adopted by the Key Players (2016-2020)
Figure 2.2: Share of Key Market Strategies and Developments (2016-2020)
Figure 2.3: New Product Launches and Developments Share (by Company)
Figure 2.4: Partnerships, Collaborations, and Joint Ventures Share (by Company)
Figure 2.5: Mergers and Acquisitions Share (by Company)
Figure 2.6: Business Expansion and Contracts Share (by Company)
Figure 2.7: Others (by Company)
Figure 3.1: Porter’s Five Forces Analysis for the Smart Kitchen Appliances Market
Figure 3.2: Year-Wise Patents Filed for Smart Kitchen Appliances, 2018-2019
Figure 3.3: Patent Analysis, (by Status), January 2018-December 2019
Figure 3.4: Patent Analysis (by Company), January 2017-December 2019
Figure 3.5: Patent Analysis, (by Applicant Profile), January 2018-December 2019
Figure 3.6: Patent Analysis (by Product), January 2018-December 2019
Figure 4.1: Smart Kitchen Appliances by Product
Figure 4.2: Smart Refrigerators in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 4.3: Smart Dishwashers in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 4.4: Smart Cooktops & Ranges in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 4.5: Smart Microwaves & Ovens in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 4.6: Smart Coffee Machines in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 5.1: Different Connectivity Methods of Smart Kitchen Appliances
Figure 5.2: Wi-Fi/Bluetooth Technology in Smart Kitchen Appliances Market, $Billion, 2018-2024
Figure 5.3: Wi-Fi Adoption in Key Region (As of January 2019)
Figure 5.4: Bluetooth Membership (by Region), 2018
Figure 5.5: Other Technologies in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 6.1: Types of Distribution Channels
Figure 6.2: Offline Distribution in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 6.3: Types of Offline Distribution Channel
Figure 6.4: Online Distribution in Smart Kitchen Appliances Market, $Billion, 2018-2024
Figure 6.5: Types of Online Distribution Channel
Figure 7.1: Common Technologies Used in the Smart Kitchen Appliances
Figure 7.2: Global Smart Kitchen Appliances (by End User)
Figure 7.3: Residential End Use in Smart Kitchen Appliances Market, $Billion, 2018-2024
Figure 7.4: Commercial End Use in Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.1: Regional Smart Kitchen Appliances Market Snapshot
Figure 8.2: North America Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.3: Factors Affecting the Adoption of Smart Kitchen Appliances in the U.S.
Figure 8.4: U.S. Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.5: Factors Affecting the Adoption of Smart Kitchen Appliances in Canada
Figure 8.6: Canada Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.7: Mexico Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.8: Factors Affecting the Adoption of Smart Kitchen Appliances in Mexico
Figure 8.9: Europe Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.10: Factors Affecting the Adoption of Smart Kitchen Appliances in Germany
Figure 8.11: Germany Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.12: Spain Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.13: France Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.14: Italy Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.15: Rest-of-Europe Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.16: Asia-Pacific Japan Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.17: Japan Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.18: India Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.19: Australia Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.20: South Korea Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.21: Rest-of-Asia-Pacific Japan Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.22: The U.K. Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.23: South America Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.24: Factors Affecting the Adoption of Smart Kitchen Appliances in Brazil
Figure 8.25: Brazil Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.26: Argentina Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.27: Factors Affecting the Adoption of Smart Kitchen Appliances in Argentina
Figure 8.28: Rest-of-South America Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.29: Middle East Africa Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.30: The U.A.E Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.31: Saudi Arabia Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.32: South Africa Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.33: Rest-of-Middle East Africa Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 8.34: China Smart Kitchen Appliances Market, $Million, 2018-2024
Figure 9.1: Segmentation of Key Companies Profiled by Headquarter Location
Figure 9.2: De’Longhi Group: Overall Financials, 2016-2018
Figure 9.3: De’Longhi Group: Net Revenue by Regional Segment, 2016-2018
Figure 9.4: De’Longhi Group: SWOT Analysis
Figure 9.5: Electrolux AB: Overall Financials, 2017-2019
Figure 9.6: Electrolux AB: Percentage of Net Revenue by Business Segment, 2019
Figure 9.7: Electrolux AB: Net Revenue by Regional Segment, 2017-2019
Figure 9.8: Electrolux AB: SWOT Analysis
Figure 9.9: Groupe SEB: Overall Financials, 2017-2019
Figure 9.10: Groupe SEB: Net Revenue by Business Segment, $Million, 2017-2019
Figure 9.11: Groupe SEB: Net Revenue by Regional Segment, 2017-2019
Figure 9.12: Groupe SEB: SWOT Analysis
Figure 9.13: Illycaffè S.p.A.: SWOT Analysis
Figure 9.14: Koninklijke Philips N.V.: Overall Financials, 2017-2019
Figure 9.15: Koninklijke Philips N.V.: Net Revenue by Business Segment, 2017-2019
Figure 9.16: Koninklijke Philips N.V.: Net Revenue by Regional Segment, 2017-2019
Figure 9.17: Koninklijke Philips N.V.: SWOT Analysis
Figure 9.18: LG Electronics Co., Ltd.: Overall Financials, 2017-2019
Figure 9.19: LG Electronics Co., Ltd.: Net Revenue by Business Segment, 2017-2019
Figure 9.20: LG Electronics Co., Ltd.: SWOT Analysis
Figure 9.21: Midea Group Co., Ltd.: Overall Financials, 2016-2018
Figure 9.22: Midea Group Co., Ltd.: Net Revenue by Business Segment, 2016-2018
Figure 9.23: Midea Group Co., Ltd.: Net Revenue by Regional Segment, 2016-2018
Figure 9.24: Midea Group Co., Ltd.: SWOT Analysis
Figure 9.25: Miele & cie. KG: Overall Financials, 2016-2018
Figure 9.26: Miele & cie. KG: Net Revenue by Operating Segment, 2016-2018
Figure 9.27: Miele & cie. KG: Net Revenue by Regional Segment, 2016-2018
Figure 9.28: Miele & cie. KG: SWOT Analysis
Figure 9.29: Panasonic Corporation: Overall Financials, 2017-2019
Figure 9.30: Panasonic Corporation: Net Revenue (by Region), 2017-2019
Figure 9.31: Panasonic Corporation: Net Revenue (by Business Segment), 2017-2019
Figure 9.32: Panasonic Corporation: SWOT Analysis
Figure 9.33: Qingdao Haier Co., Ltd: Overall Financials, 2016-2018
Figure 9.34: Qingdao Haier Co., Ltd: Net Revenue by Segment, 2016-2018
Figure 9.35: Qingdao Haier Co., Ltd: Net Revenue by Regional Segment, 2016-2018
Figure 9.36: Qingdao Haier Co., Ltd: SWOT Analysis
Figure 9.37: Robert Bosch GmbH: Overall Financials, 2016-2018
Figure 9.38: Robert Bosch GmbH: Net Revenue by Business Segment, 2016-2018
Figure 9.39: Robert Bosch GmbH: Net Revenue by Regional Segment, 2016-2018
Figure 9.40: Robert Bosch GmbH: SWOT Analysis
Figure 9.41: Samsung Electronics Co., Ltd.: Overall Financials, 2017-2019
Figure 9.42: Samsung Electronics Co., Ltd.: Net Revenue by Business Segment, 2017-2019
Figure 9.43: Samsung Electronics Co., Ltd.: Net Revenue by Regional Segment, 2017-2019
Figure 9.44: Samsung Electronics Co., Ltd.: SWOT Analysis
Figure 9.45: Sharp Corporation: Overall Financials, 2017-2019
Figure 9.46: Sharp Corporation: Net Revenue by Segment, 2017-2019
Figure 9.47: Sharp Corporation: Net Revenue by Regional Segment, 2017-2019
Figure 9.48: Sharp Corporation : SWOT Analysis
Figure 9.49: Siemens AG: Overall Financials, 2016-2018
Figure 9.50: Siemens AG: SWOT Analysis
Figure 9.51: SMARTER APPLICATIONS LTD.: SWOT Analysis
Figure 9.52: Whirlpool Corporation: Overall Financials, 2016-2018
Figure 9.53: Whirlpool Corporation: Net Revenue by Business Segment, 2018
Figure 9.54: Whirlpool Corporation: Percentage of Net Revenue by Regional Segment, 2018
Figure 10.1: Smart Kitchen Appliances Market Scope
Figure 10.2: Global Smart Kitchen Appliances Market Segmentation
Figure 10.3: Report Methodology
Figure 10.4: Primary Interviews Breakdown, by Player, Designation, and Region
Figure 10.5: Sources of Secondary Research
Figure 10.6: Data Triangulation
Figure 10.7: Top Down and Bottom-Up Approaches for Market Estimation

Note: Product cover images may vary from those shown

Loading
LOADING...

FEATURED COMPANIES

  • Electrolux AB
  • Illycaffè S.p.A.
  • LG Electronics Co., Ltd.
  • Miele & cie. KG
  • Qingdao Haier Co., Ltd
  • Sharp Corporation
  • MORE

According to the market intelligence report titled ‘Global Smart Kitchen Appliances Market - Analysis and Forecast, 2019-2024’, the smart kitchen appliances market is expected to reach $8.20 billion by 2024, rising at a CAGR of 23.08% from 2019 to 2024. Market growth is largely attributed due to the adoption of smart kitchen appliances pertaining to households with increasing disposable income to spend on premium kitchen appliances.

The era of technological modernization began with the advent of smart homes in nations, such as the U.S., the U.K., and developed European countries. The importance of the home and household appliances in the lives of the population is an affirmation of the advancement of the living space, as the customers benefit visibly. The configuration of modern homes with smart meters as an initiative to build smart cities has boosted the need for energy-efficient appliances to be used in households. This has given a gradual rise to the replacement of traditional kitchen appliances with smart kitchen appliances in most developed nations.

The increasing urbanization has also fueled the need for independently operating kitchen appliances, which the consumers can access or give orders to operate based on their convenience. This has been made possible with the extensive internet connectivity, which is present in most advanced economies but is gradually picking pace in the developing nations. As a result, the ease in operating and managing kitchens has made smart kitchen appliances an attractive option for consumers who lead a hectic lifestyle.

The smart kitchen appliances are expected to advance technologically, with an increase in compatibility with smart home appliances, for further opportunities and emerging trends related to Machine-to-Machine (M2M) communication amongst smart appliances. This paves the way for home automation in future generations, which is currently a distant goal for consumers as well as governments.

According to Rakhi Tanwar, Principal Analyst, “In 2018, the smart kitchen appliances market by product category was dominated by smart refrigerators. These products are mainly being adopted due to the replacement of traditional kitchen appliances with smart appliances.

The smart coffee machines are the most upcoming product category for smart kitchen appliances in the coming years, with individuals increasingly looking forward to IoT controlled kitchen appliances that enable ease of operations in a busy lifestyle. Although many solution providers in this segment are currently providing the same at high costs, the coming decade is expected to witness a reduction in prices in order to increase market penetration of smart kitchen appliances as compared to traditional kitchen appliances."

Some of the most prominent players in the smart kitchen appliances market are Whirlpool Corporation, Qingdao Haier Co., Ltd, Miele & cie. KG, Midea Group, LG Electronics, Robert Bosch GmbH, Siemens AG, and De’Longhi Appliances S.r..L. The result of the emerging strategies and developments are already surging the market in the form of product launches. Moreover, the growing market of smart kitchen appliances is further expected to increase the involvement of companies across different segments of the value chain. The majority of the companies preferred launching new products to offer the customers with a wide variety to choose from, while the relatively less adoptive strategies comprised collaborations with similar companies in the supply chain, thus consolidating a small part of the market. Strategic partnerships, collaborations, and joint ventures across the value chain of the smart kitchen appliances industry presented a major strategic move made by a large number of companies since 2017. For instance, in September 2019, Qingdao Haier Co., Ltd partnered with SideChef, a software company, to develop agriculture software integrated by artificial intelligence. Similarly, a home cooking platform, to provide their users with step-by-step cooking instructions based on inventory available inside the refrigerator.

This report is a meticulous compilation of research on more than 100 players in the smart kitchen appliances ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 40 leading companies, market participants, and vendors. The report also profiles 15 leading manufacturers in smart kitchen appliances. Key profiles include Whirlpool Corporation, Qingdao Haier Co., Ltd, Miele & cie. KG, Midea Group, LG Electronics, Robert Bosch GmbH, Siemens AG, and De’Longhi Appliances S.r..L., Samsung Electronics Co. Ltd, and Smarter Kitchen Appliances, among others.

Key questions answered in the report:

  • What is the expected global smart kitchen appliances market size in terms of value during the period 2018-2024?
  • What is the anticipated future scenario and revenue generated by the different types of products offered under smart kitchen appliances, such as smart refrigerators, smart dishwashers, smart coffee machines, smart ovens and microwaves, smart cooktops and ranges, among others?
  • What is the expected future scenario and revenue generated by different end-users of smart kitchen appliances, including the residential sector and the commercial sector?
  • What is the expected future scenario and revenue generated through different distribution channels adopted for the sale of smart kitchen appliances, including offline and online platforms?
  • What is the expected future scenario and revenue generated by the integration of connectivity platform integrated into smart kitchen appliances, Wi-Fi/Bluetooth, and others?
  • Which geographical region is currently the largest market in the global smart kitchen appliances market?
  • What are the expected future scenario and the revenue generated by different geographical regions and countries in the agriculture market such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?
  • What is the expected future scenario and revenue generated by different products under smart kitchen appliances in different regions such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?
  • What is the competitive strength of the key players in the smart kitchen appliances market on the basis of the analysis of their recent developments, product offerings, and regional presence?
  • What are the emerging trends in the global smart kitchen appliances market through innovations and patents filed?
  • How are the adoption scenario, related opportunities, and challenges associated with smart kitchen appliances market?
  • What are the market dynamics of the global smart kitchen appliances market including market drivers, restraints, and opportunities?
  • What are the expected market driving trends for smart kitchen appliances in terms of business model, market consolidation, and new product offerings?
Note: Product cover images may vary from those shown
  • De’Longhi Appliances S.r.L.
  • Electrolux AB
  • Groupe SEB
  • Illycaffè S.p.A.
  • Koninklijke Philips N.V.
  • LG Electronics Co., Ltd.
  • Midea Group Co., Ltd.
  • Miele & cie. KG
  • Panasonic Corporation
  • Qingdao Haier Co., Ltd
  • Robert Bosch GmbH
  • SMARTER APPLICATIONS LTD.
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Siemens AG
  • Whirlpool Corporation
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll