Smart Kitchen Appliances Market Size Worth USD 438.64 Billion by 2028, Market Trends – Growing demand for smart kitchen appliances and products

The global smart kitchen market reached a market size of USD 110.56 Billion in 2020 and is expected to register a robust CAGR of 18.7% throughout the forecast period

smart kitchen appliances market reached a market size of USD 110.56 Billion in 2020 and is expected to register a double-digit CAGR over the forecast period, according to recent analysis by Emergen Research. Smart kitchen appliances market revenue growth is driven significantly by rapid advancements in the fields of AI and IoT. Major advancements in AI technologies and machine learning have resulted in development and launch of a range of smart products that enable consumers to save time and effort in food preparation, tracking contents and products in the kitchen, refrigerators, and others. 

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The global smart kitchen appliances market is expected to witness further advancements due to growing demand for home automation in both developed and developing countries. Global kitchen and home appliance manufacturers are collaborating to enhance product offerings and improve user experience with more advanced technologies in products. Rising disposable income, increasing awareness regarding available technologies, and availability of favourable purchase options and schemes on such appliances are some key factors driving market growth.

The smart kitchen appliances market is mostly fragmented, with a large number of companies as well as some medium-sized and start-up companies accounting for a major share of the global market revenue. Some major players in this market are Whirlpool Corporation, Samsung Electronics, Haier Group, and Panasonic to name a few.

  • Product (Revenue, USD Billion; Volume: Thousand Units; 2020–2028)
    • Smart Refrigerators
    • Smart Cookware and Cooktops
    • Smart Dishwashers
    • Smart Thermostats
    • Smart Coffeemakers
    • Other Appliances
  • Technology Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
    • Wi-Fi
    • Bluetooth
    • RFID
    • Others
  • Sales Channel Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
    • Online
    • Offline
  • End-user Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
    • Residential
    • Commercial
    • Industrial

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With all the data gathered and analyzed using SWOT analysis, there was a clearer picture of the competitive landscape of the global Smart Kitchen Appliances market. Sources for the future market growth were uncovered and outlying competitive threats also surfaced. There was strategic direction eminent in the market and this shows in the key trends and developments studied. By getting market background and using current norms, policies, and trends of other leading markets for cross-references, market data was completed.

Key insights presented in the report:

  • Market revenue shares by major business players, by type, by application, and market scope of global Smart Kitchen Appliances market
  • Sales revenue by key players and new entrants
  • Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
  • Recent mergers, acquisitions, product launches, recent investments, and joint ventures
  • Regional analysis to provide insight into recent trends and opportunities

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Smart Kitchen Appliances Market Segmentation & Impact Analysis

    4.1. Smart Kitchen Appliances Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Increasing application of technology (IoT, Wi-Fi)

           Rise in disposable income

          4.2.3. Market restraints analysis

           High cost of production

           High maintenance cost

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Smart Kitchen Appliances Market Product Insights & Trends, Revenue (USD Billion) (Thousands units)

    5.1. Product Dynamics & Market Share, 2021 & 2028

          5.1.1. Smart Refrigerators

          5.1.2. Smart Cookware and Cooktops

          5.1.3. Dishwashers

          5.1.4. Sensor Bins

          5.1.5. Smart Coffee Makers

          5.1.6. Precision Cooker

          5.1.7. Other Appliances

Chapter 6. Smart Kitchen Appliances Market Technology Insights & Trends Revenue (USD Billion) (Thousands Units)

    6.1. Product Technology Dynamics & Market Share, 2021 & 2028

          6.1.1. RFID

          6.1.2. Wi-Fi or Bluetooth

Chapter 7. Smart Kitchen Appliances Market Sales Channel Insights & Trends Revenue (USD Billion) (Thousands Units)

    7.1. Sales Channel Dynamics & Market Share, 2021 & 2028

          7.1.1. Offline

          7.1.2. Online

Chapter 8. Smart Kitchen Appliances Market By End Use Insights & Trends Revenue (USD Billion) (Thousands Units)

    8.1. End Use Dynamics & Market Share, 2021 & 2028

          8.1.1. Residential

          8.1.2. Commercial

          8.1.3. Industrial


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