AI-enabled Kitchen Appliances Market - Global Outlook and Forecast 2019-2024

  • ID: 4749329
  • Report
  • Region: Global
  • 165 pages
  • Arizton
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FEATURED COMPANIES

  • Electrolux
  • GE Appliances
  • June Oven
  • Kenmore
  • LG Electronics
  • Robert Bosch
  • MORE
The global AI-enabled kitchen appliances market is anticipated to reach revenues of more than $600 million by 2024, growing at a CAGR of more than 49% during 2018-2024.

Leading vendors such as Samsung, LG, Kitchen Aid are investing in AI enabled smart appliances such as smart refrigerators, ovens, and dishwashers to attract the maximum number of consumers in the global market. The expansion, growth, and popularity of smart home devices and use of AI assistants such as Alexa, Siri, and Ok Google to start or stop kitchen appliances will augment the transformation of the market.

The global AI-enabled kitchen appliances market is driven by technological advancements such as voice control and artificial intelligence, making the intelligent assistant a control center for connected homes. The next generation homeowners are utilizing new technology in the home such as a preheating an oven using Alexa or activating the dishwashers from the mobile app in the global market. The market research report provides in-depth market analysis and segmental analysis of the global AI-enabled kitchen appliances market by product type, distribution channel, and geography.

The report considers the present scenario of the global AI-enabled kitchen appliances market and its market dynamics for the period 2018-2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the AI-enabled kitchen appliances market.

AI-enabled Kitchen Appliances Market - Dynamics

Some of the major factors that are driving the demand for smart home globally, includes, higher internet penetration, increased supply of mobile entities, improvements in wireless communications, emergence of cloud services, higher demand for low energy high performance technologies, and other advancements in IoT technologies. Kitchen being considered as the center of the home, the growing demand for smart home appliances has resulted in the rising the demand for smart kitchen appliances. The smart speaker technology is rapidly evolving, with newer specifications and innovations being added every day. Samsung has introduced voice assistant Bixby on its TV as well as its refrigerator.

The strategic introduction of smart assistant is these appliances by Samsung could prove to become a potential smart assistant technology in the smart appliances market. Thus, the increasing sales of smart speakers is expected to drive the market smart technology as well as AI enabled kitchen appliances during the forecast period. Smart appliances play a major role in increasing energy efficiency in households. A smart home equipped with connected devices, appliances and sensors can communicate with each other and can also be controlled or monitored remotely. These technologies allow the consumers to effectively manage the level of energy consumption. Studies suggests that connected technologies at home can reduce the utility bills by approximately 10-25%.

AI-enabled Kitchen Appliances Market - Segmentation

This market research report includes a detailed segmentation of the market by product type, distribution, and geography. The global AI-enabled kitchen appliances market by product type is segmented into refrigerator, ovens, cooktops, & ranges, dishwasher, and others. Oven, cooktops, & ranges segment dominated the largest market share in 2018, growing at a CAGR of more than 53% during the forecast period. The introduction of portable cooktop that consists of an induction cooktop, multi-sensor probe, and a mobile app is fueling the growth of this segment in the global market. The use of voice-controlled dishwashers for actions such as starting a program remotely or receiving wash cycle alerts or asking for advice will result in the evolution of the global AI-enabled kitchen appliances market.

The distribution channel segment in the global AI-enabled kitchen appliances market is divided into specialty stores, hypermarkets & supermarkets, and online channels. Specialty stores occupied more than 1/3rd of the total market share in 2018. The easy availability of various kitchen and household appliances across specialty stores is driving the growth of this segment in the global market. The growing awareness about technological innovations related to cooking technologies, modular kitchens, and home and kitchen decor is driving the demand for innovative kitchen appliances in the global AI-enabled kitchen appliances market.

Market Segmentation by Product Type
  • Refrigerator
  • Ovens, Cooktops, & Ranges
  • Dishwasher
  • Others
Market Segmentation by Distribution
  • Specialty Stores
  • Hypermarkets & Supermarkets
  • Online Channels
AI-enabled Kitchen Appliances Market - Geography

The global AI-enabled kitchen appliances market by geography is classified into APAC, North America, Europe, Latin America, and MEA. APAC is the fastest growing region in the global market, at a CAGR of more than 58% during the forecast period. The rising investments in AI R&D, government initiatives, and high consumer adoption are some of the primary factors attributing to the growth of the APAC region in the global market. Germany forms the largest region for these appliances, followed by the UK and France in the market. High per capita income, high living standards, construction of luxurious villas and residential spaces, and adoption of innovative technologies will boost the demand across the Middle East in the global AI-enabled kitchen appliances market.

Market Segmentation by Geography
  • North America
  • - US
  • - Canada
  • Europe
  • - Germany
  • - UK
  • - France
  • APAC
  • - China
  • - Japan
  • - South Korea
  • MEA
  • - Saudi Arabia
  • - UAE
  • Latin America
  • - Brazil
  • - Mexico
Key Vendor Analysis

The global AI-enabled kitchen appliances market is a very niche with the presence of limited international players. The leading vendors are focusing on technological innovations and price differentiation to sustain the intense competition in the global market. The top companies are competing on the basis of features such as quality, quantity, technology, services, and price. The increase in mergers and acquisitions will lead to inorganic growth across the market over the next few years. The major players are launching smart connected appliances to attract the maximum number of consumers and boost their global AI-enabled kitchen appliances market share.

The major vendors in the global market are:
  • GE Appliances
  • Whirlpool
  • LG Electronics
  • Robert Bosch GmbH
  • Kenmore
  • Samsung
  • Electrolux
  • June Oven
  • Smarter
Key market insights include:

1. The analysis of global AI-enabled kitchen appliances market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global AI-enabled kitchen appliances market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global AI-enabled kitchen appliances market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Electrolux
  • GE Appliances
  • June Oven
  • Kenmore
  • LG Electronics
  • Robert Bosch
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by Distribution Channels
4.3.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Market Overview

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing demand for smart homes
8.1.2 Growing sales of voice-enabled smart speakers
8.1.3 Adoption of AI technology by millennials
8.1.4 Rapid development of IoT, wireless communication, and other technologies
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Lack of cybersecurity
8.2.2 Lack of awareness about AI-enabled products
8.2.3 High cost of AI-enabled kitchen appliances
8.2.4 YOY Impact of Market Growth Restraints
8.2.5 Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Energy-efficient smart appliances
8.3.2 Growing market consolidation
8.3.3 Growing investments for AI and machine learning
8.3.4 YOY Impact of Market Opportunities & Trends
8.3.5 Impact of Market Opportunities & Trends on Regions

9 Global AI-Enabled Kitchen Appliances Market
9.1 Market Overview
9.2 Porter’s Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry

10 By Product
10.1 Market Overview
10.2 Ai-enabled Ovens, ranges, and Cooktops
10.2.1 Market Size & Forecast
10.2.2 By Geography
10.3 AI-enabled Dishwashers
10.3.1 Market Overview
10.3.2 By Geography
10.4 AI-enabled Refrigerators
10.4.1 Market Size & Forecast
10.4.2 By Geography
10.5 Other aI-Enabled Kitchen Appliances
10.5.1 Market Overview
10.5.2 By Geography

11 By Distribution Channel
11.1 Market Overview

12 By Geography
12.1 Market Overview

13 North America
13.1 Market Size & Forecast
13.2 Market Segmentation
13.2.1 By Product Type
13.3 Key Countries
13.3.1 United States: Market Size & Forecast
13.3.2 Canada: Market Size & Forecast

14 Europe
14.1 Market Size & Forecast
14.2 Market Segmentation
14.2.1 By Product Type
14.3 Key Countries
14.3.1 Germany: Market Size & Forecast
14.3.2 UK: Market Size & Forecast
14.3.3 France: Market Size & Forecast

15 APAC
15.1 Market Size & Forecast
15.2 Market Segmentation
15.2.1 By Product Type
15.3 Key Countries
15.3.1 China: Market Size & Forecast
15.3.2 South Korea: Market Size & Forecast
15.3.3 Japan: Market Size & Forecast

16 Middle-East & Africa
16.1 Market Size & Forecast
16.2 Market Segmentation
16.2.1 By Product Type
16.3 Key Countries
16.3.1 Saudi Arabia: Market Size & Forecast
16.3.2 UAE: Market Size & Forecast

17 Latin America
17.1 Market Size & Forecast
17.2 Market Segmentation
17.2.1 By Product Type
17.3 Key Countries
17.3.1 Brazil: Market Size & Forecast
17.3.2 Mexico: Market Size & Forecast

18 Competitive Landscape
18.1 Competitive Overview

19 Key Company Profiles
19.1 GE Appliances
19.1.1 Business Overview
19.1.2 Product Offerings
19.1.3 Key Strategies
19.1.4 Key Strengths
19.2 Whirlpool
19.2.1 Business Overview
19.2.2 Major Product Offerings
19.2.3 Key Strengths
19.2.4 Key Strategies
19.3 LG Electronics
19.3.1 Business Overview
19.3.2 Major Product Offerings
19.3.3 Key Strategies
19.3.4 Key Strengths
19.4 Robert Bosch
19.4.1 Business Overview
19.4.2 Major Product Offerings
19.4.3 Key Strategies
19.4.4 Key Strengths
19.5 Kenmore
19.5.1 Business Overview
19.5.2 Major Product Offerings
19.5.3 Key Strategies
19.5.4 Key Strengths
19.6 Samsung
19.6.1 Business Overview
19.6.2 Major Product Offerings
19.6.3 Key Strategies
19.6.4 Key Strengths
19.6.5 Key Opportunities
19.7 Electrolux
19.7.1 Business Overview
19.7.2 Major Product Offerings
19.7.3 Key Strategies
19.7.4 Key Strengths
19.8 June Oven
19.8.1 Business Overview
19.8.2 Major Product Offerings
19.8.3 Key Strategies
19.8.4 Key Strengths
19.9 Smarter
19.9.1 Business Overview
19.9.2 Major Product Offerings

20 Report Summary
20.1 Key Takeaways
20.2 Qualitative Summary
20.3 Quantitative Summary
20.3.1 Market by Geography
20.3.2 Market by Product

21 Appendix
21.1 Abbreviations

List of Exhibits
Exhibit 1 Segmentation of Global AI-enabled Kitchen Appliances Market
Exhibit 2 Market Size Calculation Approach 2018
Exhibit 3 Consumer Awareness of Smart Home Appliances
Exhibit 4 Present and Future Adoption of Smart Home Products and Services
Exhibit 5 Connected Home Market Overview in US 2018
Exhibit 6 AI Kitchen Appliances Market Revenue 2018 ($ million)
Exhibit 7 Consumer Response of Price of Smart Appliances
Exhibit 8 Investments in Smart Home Technologies 2014-2018 ($ Million)
Exhibit 9 Number of Investments in Smart Kitchen Technology 2012-2013
Exhibit 10 Global Smart Major Home Appliances Market by Units Shipments 2016 (%)
Exhibit 11 Demographic Distribution of Smart Home Technology 2016
Exhibit 12 Global Retail Sales of Smart Speakers (% growth)
Exhibit 13 Market Share of Smart Speakers Installed in US by Brands 2018
Exhibit 14 Awareness of Smart Home Appliances by Countries
Exhibit 15 Awareness & Interest in Connected Devices among US Consumers
Exhibit 16 Smart Appliance Awareness in US by Age
Exhibit 17 Concerns about Smart Home Appliances by Age in US 2018
Exhibit 18 Consumer Behavior for AI-based Domestic Appliances by Region 2018
Exhibit 19 Number of AI Start-ups & VC Funding in US 2010-2018
Exhibit 20 Global AI-enabled Kitchen Appliances Market 2018-2024 ($ million)
Exhibit 21 Connected Home Market Percentage by Consumers
Exhibit 22 Five Forces Analysis 2018
Exhibit 23 Global AI-enabled Ovens, Ranges & Cooktop Market 2018-2024 ($ million)
Exhibit 24 Global AI-enabled Ovens, Cooktops & Ranges Market by Geography 2018-2024
Exhibit 25 Global AI-enabled Dishwashers Market 2018-2024 ($ million)
Exhibit 26 Global AI-enabled Dishwashers Market by Geography 2018-2024
Exhibit 27 Global AI-enabled Refrigerator Market 2018-2024 ($ million)
Exhibit 28 Global AI-enabled Refrigerator Market by Geography 2018-2024
Exhibit 29 Global AI-enabled Other Appliances Market 2018-2024 ($ million)
Exhibit 30 Global Other AI-enabled Appliances Market by Geography 2018-2024
Exhibit 31 Global AI-enabled Kitchen Appliances Market by Distribution Channels 2018
Exhibit 32 Global AI-enabled Kitchen Appliances Market Geographical Share 2018
Exhibit 33 Global AI-enabled Kitchen Appliances Market - CAGR by Geography 2018
Exhibit 34 AI-enabled Kitchen Appliances Market in North America 2018-2024 ($ million)
Exhibit 35 AI-enabled Kitchen Appliances Market in North America 2018-2024
Exhibit 36 AI-enabled Kitchen Appliances Market in North America 2018-2024 ($ million)
Exhibit 37 AI-enabled Kitchen Appliances Market in North America by Key Countries 2018 & 2024
Exhibit 38 Number of Connected Homes in US 2018-2019 (million)
Exhibit 39 AI-enabled Kitchen Appliances Market in US 2018-2024 ($ million)
Exhibit 40 Canadian Households with Smart Home Devices 2015-2016 (%)
Exhibit 41 AI-enabled Kitchen Appliances Market in Canada 2018-2024 ($ million)
Exhibit 42 Investments in AI Technology in Canada
Exhibit 43 AI-enabled Kitchen Appliances in Europe 2018-2024 ($ million)
Exhibit 44 AI-enabled Kitchen Appliances Market in Europe 2018-2024
Exhibit 45 AI-enabled Kitchen Appliances Market in Europe 2018-2024 ($ million)
Exhibit 46 AI-enabled Kitchen Appliances Market in Europe by Key Countries
Exhibit 47 AI-enabled Kitchen Appliances Market in Germany 2018-2024 ($ million)
Exhibit 48 Key Barriers to Growth of AI-enabled Kitchen Appliances Market in Germany
Exhibit 49 Ownership of Smart Speakers 2017-2018
Exhibit 50 AI-enabled Kitchen Appliances Market in UK 2018-2024 ($ million)
Exhibit 51 AI-enabled Kitchen Appliances Market in France 2018-2024 ($ million)
Exhibit 52 AI-enabled Kitchen Appliances Market in APAC 2018-2024 ($ million)
Exhibit 53 AI-enabled Kitchen Appliances Market in APAC 2018-2024
Exhibit 54 AI-enabled Kitchen Appliances Market in APAC 2018-2024 ($ million)
Exhibit 55 Revenue for AI Market in APAC 2018-2024 ($ billion)
Exhibit 56 AI-enabled Kitchen Appliances Market in APAC by Key Countries
Exhibit 57 AI-enabled Kitchen Appliances Market in China 2018-2024 ($ million)
Exhibit 58 AI-enabled Kitchen Appliances Market in South Korea 2018-2024 ($ million)
Exhibit 59 Smart Appliances Market in South Korea 2018-2024 ($ million)
Exhibit 60 Adoption of Smart Home Appliances by Age (2017)
Exhibit 61 Adoption of Smart Home Technology in South Korea by Income 2018
Exhibit 62 AI-enabled Kitchen Appliances Market in Japan 2018-2024 ($ million)
Exhibit 63 AI-enabled Kitchen Appliances Market in MEA 2018-2024 ($ million)
Exhibit 64 AI-enabled Kitchen Appliances Market in MEA 2018-2024
Exhibit 65 Contribution of AI to Industries by 2030
Exhibit 66 AI-enabled Kitchen Appliances Market in MEA 2018-2024 ($ million)
Exhibit 67 AI-enabled Kitchen Appliances Market in MEA by Key Countries
Exhibit 68 AI-enabled Kitchen Appliances Market in Saudi Arabia 2018-2024 ($ million)
Exhibit 69 Smart Home Market Revenue in Saudi Arabia 2018-2024 ($ million)
Exhibit 70 AI-enabled Kitchen Appliances Market in UAE 2018-2024 ($ million)
Exhibit 71 Smart Home Market Revenue in UAE 2018-2024 ($ million)
Exhibit 72 AI-enabled Kitchen Appliances Market in Latin America 2018-2024 ($ million)
Exhibit 73 Gross Value-Added Growth in 2035 (%)
Exhibit 74 AI-enabled Kitchen Appliances Market in Latin America 2018-2024
Exhibit 75 AI-enabled Kitchen Appliances Market in Latin America 2018-2024 ($ million)
Exhibit 76 AI-enabled Kitchen Appliances Market in Latin America by Key Countries
Exhibit 77 AI-enabled Kitchen Appliances Market in Brazil 2018-2024 ($ million)
Exhibit 78 AI-enabled Kitchen Appliances Market in Mexico 2018-2024 ($ million)
Exhibit 79 Mexico Smart Appliances Revenue 2018-2024 ($ million)
Exhibit 80 Smart Appliance Penetration in Mexico 2017-2023
Exhibit 81 Smart Appliance Users by Age in Mexico 2018

List of Tables
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013-2018
Table 4 YOY Impact of Market Growth Enablers 2018-2024
Table 5 YOY Impact of Market Growth Enablers on Regions 2018
Table 6 YOY Impact of Market Growth Restraints 2018-2024
Table 7 Impact of Market Growth Restraints on Regions 2018
Table 8 Annual Consumption of Electrical Appliances in the Kitchen
Table 9 Investment on AI Technology by Key Countries
Table 10 YOY Impact of Market Opportunities & Trends 2018-2024
Table 11 Impact of Market Opportunities & Trends on Regions 2018
Table 12 Global AI-enabled Kitchen Appliances Market by Product Type
Table 13 Global AI-enabled Kitchen Appliances Market by Product Type 2018-2024 ($ million)
Table 14 Global AI-enabled Ovens, Cooktops & Ranges Market by Geography 2018-2024 ($ million)
Table 15 Global AI-enabled Dishwashers Market by Geography 2018-2024 ($ million)
Table 16 Global AI-enabled Refrigerator Market by Geography 2018-2024 ($ million)
Table 17 Global AI-enabled Other Appliances Market by Geography 2018-2024
Table 19 AI-enabled Kitchen Appliances Market in North America by Product Type ($ million)
Table 20 AI-enabled Kitchen Appliances Market in Europe by Product Type ($ million)
Table 21 AI-enabled Kitchen Appliances Market in APAC by Product Type ($ million)
Table 22 AI-enabled Kitchen Appliances Market in MEA by Product Type ($ million)
Table 23 AI-enabled Kitchen Appliances Market in Latin America by Product Type ($ million)
Table 24 Digital Assistant Company of Major Market Players
Table 25 List of Kitchen Applications and Compatible Brands
Table 26 Qualitative Summary of Global AI-enabled Kitchen Appliances Market
Table 27 Global AI-enabled Kitchen Appliances Market by Geography ($ million)
Table 28 AI-enabled Kitchen Appliances Market in North America by Product Type ($ million)
Table 29 AI-enabled Kitchen Appliances Market in Europe by Product Type ($ million)
Table 30 AI-enabled Kitchen Appliances Market in APAC by Product Type ($ million)
Table 31 AI-enabled Kitchen Appliances Market in MEA by Product Type ($ million)
Table 32 AI-enabled Kitchen Appliances Market in Latin America by Product Type ($ million)
Table 33 Global AI-enabled Kitchen Appliances Market by Product Type 2018-2024 ($ million)
Table 34 Global AI-enabled Refrigerator Market by Geography 2018-2024 ($ million)
Table 35 Global AI-enabled Ovens, Cooktops & Ranges by Geography 2018-2024 ($ million)
Table 36 Global AI-enabled Dishwasher Market by Geography 2018-2024 ($ million)
Table 37 Global AI-enabled Other Appliances Market by Geography 2018-2024 ($ million)
Note: Product cover images may vary from those shown
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4 of 5
  • Smarter
  • June Oven
  • Whirlpool Corporation
  • GE Appliances
  • Kenmore
  • Electrolux
  • LG Electronics
  • Samsung
  • Robert Bosch
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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