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Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Oven, Others), By Application, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 80 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 5440536
The global smart kitchen appliances market size is expected to reach USD 60.20 billion by 2030. The market is expected to expand at a CAGR of 18.3% from 2023 to 2030. The market's main development drivers include factors like rising demand for smart sensors and energy efficiency, increasing home kitchen renovation and reconstruction, a consumer shift toward making homes more technologically advanced with AI assistance, and rising disposable income.

Technological advancements and the growing demand for smart homes have been significantly driving the smart kitchen appliances industry. For instance, the smart home concept helps detect a leak in the pipes with a detection tool, which triggers an alert if there is a leak with the help of sensor-based technologies installed in the appliances. With the growing number of young people purchasing homes, there has been a gradual shift from traditional kitchen fittings to the adoption of smart kitchen appliances with new technology like touchscreens, voice control, Wi-Fi, sensors, and anti-fingerprint coatings in kitchen appliances. Moreover, the growing popularity of smart homes, which combine elegance and convenience, is driving the demand for smart kitchen appliances.

Additionally, smart appliances are not only connected to Wi-Fi or sensor-enabled but also focus on energy consumption and its efficiency through smart meters.For instance, dishwashers with heat pumps consume less energy such as Winning Appliances, V-ZUG Ltd, and many others. These have lately been included in a dishwasher that is sold commercially and is available in the Swiss market. To better manage the electrical grid and reduce the need for backup generators, time-of-use control on some of the larger appliances might be used as a distributed resource.

The materials that are used to make home appliances have changed over time. The two most important developments are the replacement of steel with more plastic and the shift from electronic to mechanical controls. Additionally, important trends influence product design, material utilization, and advancements in recycling technologies and procedures, such as appliances becoming smarter, interactive, and frequently multifunctional.

Consumers focus on making the kitchen the focal point in their homes, leading to renovation and decoration in kitchens following current trends and products. Consumer’s need for technological advancements, coupled with shifting social dynamics, has fueled the growth of smart kitchen appliances. In addition, the growing culture of avid cooks, seasoned hosts, and busy families encourages consumers to invest in smart kitchen appliances for greater convenience and hassle-free cooking.

Smart Kitchen Appliances Market Report Highlights

  • The smart refrigerators segment held a significant share in 2022, owing to new product launches, improving technological interfaces, the popularity of sensors that can identify what is inside and keep track of supply, and the need for optimal food management in the commercial and residential sectors
  • With growing interest in cooking especially by millennials and the younger population, the popularity of cooking shows, along with rising travel and tourism and increasing consumer interest in various cooking styles and multi-cuisine meals are major factors pushing the residential application segment. In response, key players in the market are launching advanced kitchen appliances that cater to consumers’ varied requirements
  • Consumers in North America are continuously opting forsmart kitchen appliances. As a result of the region's growing number of restaurants, bars, and hotels, North America is a promising market for smart kitchen appliances. With several high-end hotels offering world-class services and exquisite kitchen fittings, North America is a major region for the smart kitchen appliances industry

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Regional Outlook
Chapter 3. Smart Kitchen Appliances Market Variables & Trends
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Technology Trends and Outlook
3.2.2. Manufacturing Trends
3.2.3. Profit Margin Analysis
3.3. Regulatory Policy
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Market Entry Strategies
3.5. Industry Analysis Tools
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Smart Kitchen Appliances Market: Product Analysis & Estimates
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Smart Kitchen Appliances Market Estimates & Forecast, By Product (USD Million)
5.2.1. Smart Refrigerators
5.2.2. Smart Cookware & Cooktops
5.2.3. Smart Dishwashers
5.2.4. Smart Oven
5.2.5. Other Appliances
Chapter 6. Smart Kitchen Appliances Market: Application Analysis & Estimates
6.1. Application Movement Analysis & Market Share, 2022 & 2030
6.2. Smart Kitchen Appliances Market Estimates & Forecast, By Application (USD Million)
6.2.1. Residential
6.2.2. Commercial
Chapter 7. Smart Kitchen Appliances Market: Regional Estimates & Trend Analysis
7.1. Smart Kitchen Appliances Market: Regional Outlook
7.2. North America
7.2.1. North America smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. U.S. smart kitchen appliances market estimates & Forecast, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe smart kitchen appliances market estimates & Forecast, 2017 - 2030 (USD Million)
7.3.2. UK
7.3.2.1. Key country dynamics
7.3.2.2. UK smart kitchen appliances market estimates & Forecast, 2017 - 2030 (USD Million)
7.3.3. Germany
7.3.3.1. Key country dynamics
7.3.3.2. Germany smart kitchen appliances market estimates & Forecast, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific smart kitchen appliances market estimates & Forecast, 2017 - 2030 (USD Million)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. China smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
7.4.3. India
7.4.3.1. Key country dynamics
7.4.3.2. India smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Central & South America smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Brazil smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Middle East & Africa smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. South Africa smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
Chapter 8. Smart Kitchen Appliances Market: Competitive Landscape
8.1. Companies Covered in the Scope of this Report
  • Whirlpool Corporation
  • LG Electronics;
  • Electrolux AB;
  • Samsung Electronics Co., Ltd.;
  • Haier Group;
  • Panasonic Corporation;
  • BSH Hausgerate GmbH;
  • Breville;
  • Miele & Cie. KG
  • Dongbu Daewoo Electronics
8.2. Recent Developments & Impact Analysis, By Key Market Participants
8.3. Company Categorization
8.4. Participant’s Overview
8.5. Financial Performance
8.6. Product Benchmarking
8.7. Company Market Share Analysis, 2022 (Value % Share)
8.8. Company Heat Map Analysis
8.9. Strategy Mapping
8.9.1. Technology Innovation
8.9.2. Trade Shows
List of Tables
1. Major trends impacting the material composition of products
2. Initiatives on energy-efficient electrical appliances
3. Percentage of condos, single-family homes, and multi-family homes classified as “Smart” as of December 2019
4. Smart kitchen appliances market estimates & forecast, by product (USD Million)
5. Smart kitchen appliances market estimates & forecast, by application (USD Million)
6. U.S. macro-economic outlay
7. UK macro-economic outlay
8. Germany macro-economic outlay
9. China macro-economic outlay
10. India macro-economic outlay
11. Recent Developments & Impact Analysis, By Key Market Participants
12. Company Market Share, 2022 (Value % Share)
13. Company Heat Map Analysis
List of Figures
1. Smart kitchen appliances market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Market Snapshot
7. Segment Snapshot
8. Competitive Landscape Snapshot
9. Household appliances market value, 2022 (USD Billion)
10. Global revenue share of household appliances market, 2019
11. Smart kitchen appliances market - Industry value chain analysis
12. Global proportion of final energy use covered by MEPS, 2000 - 2021
13. Features upgraded during kitchen renovation, 2021 - 2022
14. National median spend on kitchen remodeling in USD, U.S.
15. Changes in consumer price index for food, U.S.
16. Percentage of consumers willing to pay premium
17. Smart kitchen appliances market: PORTER’s analysis
18. Global smart home product owners, by age in 2020
19. Preference for smart home appliances, by gender, 2020
20. Global smart home product owners, by gender, 2020
21. Global smart home product owners, by income, 2020
22. Share of homeowners upgrading major kitchen features in U.S., in 2021 - 22
23. Factors considered while purchasing smart kitchen appliances products by men
24. Smart kitchen appliances market, by product: Key takeaways
25. Smart kitchen appliances market, by product: Market share, 2022 & 2030
26. Smart kitchen appliances market estimates & forecasts, by smart refrigerators, 2017 - 2030 (USD Million)
27. Smart kitchen appliances market estimates & forecasts, by smart cookware & cooktops, 2017 - 2030 (USD Million)
28. Smart kitchen appliances market estimates & forecasts, by smart dishwashers, 2017 - 2030 (USD Million)
29. Smart kitchen appliances market estimates & forecasts, by smart oven, 2017 - 2030 (USD Million)
30. Smart kitchen appliances market estimates & forecasts, by other appliances, 2017 - 2030 (USD Million)
31. Smart kitchen appliances market, by application: Key takeaways
32. Smart kitchen appliances market, by application: Market share, 2022 & 2030
33. Residential smart kitchen appliances market estimates & forecasts, 2017 - 2030 (USD Million)
34. Commercial smart kitchen appliances market estimates & forecasts, 2017 - 2030 (USD Million)
35. Average annual food-away-from-home expenditures of U.S. households from 2010 to 2021 (USD)
36. Smart kitchen appliances market revenue, by region, 2022 & 2030 (USD Million)
37. Regional marketplace: Key takeaways
38. Regional marketplace: Key takeaways
39. North America smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
40. U.S. smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
41. Type of smart home adoption in U.S. in 2022, (USD billion)
42. Europe smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
43. Smart home users in Europe in 2019, by country, (%)
44. UK smart kitchen appliances market estimates & forecasts, 2017 - 2030 (USD Million)
45. Germany smart kitchen appliances market estimates & forecasts, 2017 - 2030 (USD Million)
46. Asia Pacific smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
47. Adoption of the smart home concept in Asia Pacific countries, by revenue 2020 (USD Billion)
48. China smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
49. India smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
50. Central & South America smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
51. Brazil smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
52. Middle East & Africa smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million
53. South Africa smart kitchen appliances market estimates & forecast, 2017 - 2030 (USD Million)
54. Key Company Categorization
55. Company Market Share Analysis, 2022 (Value % Share)
56. Strategic Framework

Companies Mentioned

  • Whirlpool Corporation
  • LG Electronics;
  • Electrolux AB;
  • Samsung Electronics Co., Ltd.;
  • Haier Group;
  • Panasonic Corporation;
  • BSH Hausgerate GmbH;
  • Breville;
  • Miele & Cie. KG
  • Dongbu Daewoo Electronics

Methodology

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Table Information