Kitchen Appliances Statistics 2024 By Revenue, Demographics

Introduction

Kitchen Appliances Statistics: Home appliances are mechanical and electrically run machines or mechanisms that attain household and kitchen functions, like cleaning, cooking, heating, and even cooling. Such house appliances are known as Consumer/ Brown goods, white goods, and kitchen appliances. The gadgets used in the kitchen include exhaust chimneys, induction cookers, microwave ovens, ovens, stoves, toasters, rice cookers, dough blenders, coffee machines, blenders, irons, waffle makers, electric kettles, herb grinders, food processors, air fryers, meat grinders, electric mixers, juicers, coffee grinders. Other appliances like water heaters, washing machines, refrigerators, air conditioners, lighting systems, and water pumps are also listed under the house or kitchen appliances range. Let’s shed more light on the statistics on kitchen appliances.

Editor’s Choice

• The built-in dishwasher segment is expected to see the most significant growth, with a CAGR of 10.2% from 2021 to 2030. Research by Allied Market suggests that by 2030, online retail will be the leading distribution channel, with a CAGR of 11.2%.
• The Asia Pacific region is expected to lead the global refrigerator industry by 2024, with a market size of $34.67 billion.
• The Kitchen Appliances statistics state that in 2023, Whirlpool Corporation valued $5,33 billion in sales revenue from freezers and refrigerators.
• The Household gadgets further show revenue by the large and small gadgets are $0.4 trillion and 0.24 trillion, By 2025, compact microwave ovens with a capability of less than 1cu.ft. are estimated to reach an industry size of almost $1,514.2 million.
• By 2029, the global market volume for microwave ovens is forecasted to reach 87.2 million units.
• The worldwide small kitchen appliances industry was worth $68.05 billion in 2020 and is projected to increase at an 11.7% CAGR between 2021 and 2028
• The Asia Pacific region is forecasted to lead the market, driven by factors like rapid urbanization and the increasing adoption of smart home appliances.
• Globally, there were 7.1 million refrigerator shipments, with 120,799 buyers and 120,719 suppliers.
• The market is estimated to reach $6.94 billion by 2029, with a CAGR of 13.9%.
• The global refrigerator market was valued at $89.06 billion in 2023 and is expected to grow to $167.17 billion by 2033, reflecting an annual growth rate of 6.5%.
• Till 2027, the convection microwave ovens industry size was estimated to be valued at $1,882.3 million.
• The value of the large and small gadgets is estimated to be $0.42 trillion and $0.25 trillion by 2024.
• Ghost kitchens, which produce food solely for delivery without dine-in areas, have become more common, especially during the COVID-19 pandemic.
• Between 2024 and 2028, the worldwide revenue created by ‘Microwave Ovens’ increased by $1,6 billion, indicating a 16.68% market share.

Recent Kitchen Appliances and Design Trends

• Market research suggests that open-concept kitchens with integrated appliances are a hot trend in home design. These kitchens, which seamlessly blend appliances into cabinetry, create a spacious and clutter-free environment that appeals to modern homeowners.
• By integrating appliances, such as refrigerators and dishwashers, into the kitchen cabinetry, homeowners can achieve a premium look that complements their home’s overall aesthetic.
• Panel-ready appliances take this integration a step further by allowing exterior panels to be attached to the front of appliances, giving the illusion of continuous cabinetry.
• This option is particularly appealing for those looking for a high-end look without breaking the bank. Additionally, flush installation of appliances can achieve a similar built-in look at a more affordable price point.
• Market research indicates a growing demand for kitchen islands with built-in ranges or cooktops. These islands not only provide additional counter space but also serve as a focal point in open-concept kitchens.
• Placing a range or cooktop on the island allows homeowners to interact with family and friends while cooking and provides extra seating for gatherings.
• Induction ranges and cooktops are gaining popularity due to their sleek design and energy-efficient cooking capabilities.
• Unlike traditional cooktops, induction surfaces heat pots and pans directly, resulting in less heat loss and faster cooking times. This technology appeals to consumers who value both style and functionality in their kitchen appliances.
• Dual fuel ranges, which combine a gas cooktop with an electric oven, offer versatility and precision cooking. These ranges allow homeowners to explore different cooking techniques and achieve consistent results.
• Similarly, double ovens provide extra cooking capacity and flexibility, making them ideal for those who love to entertain or cook large meals.
• Undercounter beverage and wine refrigerators are becoming increasingly popular for entertaining purposes. These refrigerators provide additional storage for beverages and snacks while adding a touch of elegance to the kitchen.
• Wine refrigerators, in particular, allow homeowners to showcase their wine collection while keeping it at the ideal temperature.
• Bright and bold-colored cabinets are making a comeback in kitchen design. Pairing colorful cabinets with stainless steel appliances creates a modern and vibrant aesthetic. Additionally, appliance colors are becoming more diverse, allowing homeowners to personalize their kitchen space.
• Stainless steel appliances remain a classic choice for those seeking a timeless look. However, black stainless steel appliances are gaining traction for their bold and modern appearance. These finishes are not only stylish but also durable and easy to clean, making them a practical choice for busy households.
• White kitchens with black appliances offer a timeless and sophisticated look that complements a variety of design styles. This color combination creates a striking contrast and allows homeowners to incorporate colorful accents into their kitchen decor.
• Market research suggests that there is a growing interest in smart appliance technology. Smart cooking appliances, which can be controlled via a smartphone app, offer homeowners convenience and flexibility.
• Similarly, multi-use appliances, such as countertop ovens, help reduce clutter and maximize countertop space.
• Commercial-style appliances are becoming increasingly popular for home kitchens. These appliances, which feature enhanced aesthetics and cooking capabilities, appeal to homeowners who enjoy exploring new cuisines and cooking techniques.
• Additionally, high-end design features make commercial-style appliances both functional and visually appealing.

Driving Factors of the Smart Kitchen Appliances Market

• Cost Reduction: The repetitive reduction of cost in the production and installation of the Smart Kitchen Gadgets solutions is driven by economies of scale, technical innovations, and the growth in competition, which are making these results accessible and cost-effective.
• Environmental Awareness: The growing recognition of the sustainability of the environment and the necessity to decrease carbon emissions is driving the adoption of Smart Kitchen gadget solutions, mainly those that are renewable and eco-friendly.
• Regulatory Support: The favored government rules and regulations and the inducements that develop the use of Smart Kitchen applications, such as the subsidies for renewable energy programs and the carbon pricing apparatus.
• Growing Demand: The growing demand for Smart Kitchen gadgets, services, and goods is driven by urbanization, changes in consumer preferences, growth in the market, and growth in the population.
• Technological Developments: The industry continuously drives technical developments that improve the effectiveness and efficiency of Smart Kitchen Applications, services, and goods. This involves the development of digital technologies, materials, and production processes.

Restraining Factors of Smart Kitchen Appliances

• Lack of Awareness: Policymakers, businesses, and consumers may not be fully aware of and knowledgeable about smart kitchen gadget solutions, which can slow the market’s growth. Shareholders may not fully value the advantages and possibilities of such technologies.
• Public Perception: The public’s negative perception or aversion to Smart Kitchen Applications, such as noise pollution from the turbines and visual impairments, can affect the market’s growth.
• Supply Chain Disruption: The disturbance in the supply chain, such as the scarcity of important materials or components, can also affect the availability and value of Smart Kitchen Appliances solutions and, finally, affect the growth of the market.
• Competing Technologies: Technologies that compete with each other, like nuclear energy and fossil fuels, can make it challenging to adopt Smart Kitchen Appliances, mainly in areas where similar techniques are easily operational and small.
• Policy Uncertainty: The unpredictability surrounding government rules and policies, like changes in tax incentives, can be unsettling for investors and slow the market’s growth.
• Infrastructure Limitation: The necessity for significant investment in infrastructure, like grid upgrades and storage facilities, to support the amalgamation of Smart Kitchen Gadgets solutions in current energy systems can be a hindrance.
• Intermittency and Reliability: The intermittency and reliability of the current Smart Kitchen Appliances solution, such as wind and solar energy, can be a problem, generally in areas with incompatible weather patterns.
• High Initial Investment: The substantial initial investment needed to develop and install Smart Kitchen appliance solutions, particularly in large-scale projects, can pose a considerable obstacle to market growth.

General Kitchen Appliances Statistics

• The appliancesonline.com.au website is ranked by traffic. It received almost 1.8 million total visits in 2024, a decrease of 28.34% from last month.
• Between 2024 and 2028, the worldwide revenue created by ‘Microwave Ovens’ increased by $1,6 billion, or 16.68%, indicating a 16.68% market share.
• According to the Kitchen Appliances Statistics, revenue in the ‘Smart Appliances’ section has consistently grown and was valued at $39.6 billion between 2023 and 2028. Around 75% of the population in Spain, Sweden, France, Germany, and Australia have a coffee machine, but in South Africa, around 27% of the people own a coffee machine.
• In the U.S., almost 80% of households are using a refrigerator and a microwave.
• The smart appliance industry is growing rapidly; in the United States alone, almost 17 million users own a smart appliance.
• In the U.S., the industrial value of household appliances is predicted to be at $70 billion between 2024 and 2028, with an increase of 12.81%.

(Source: Statista.com)

• The smart kitchen appliance market is set for significant growth from 2020 to 2028.
• In 2020, this market was valued at approximately $13.79 billion, with projections indicating it will reach over $47 billion by 2028, growing at a compound annual growth rate (CAGR) of 19.2%.
• Smart kitchen appliances, such as refrigerators, dishwashers, cooking ranges, microwaves and ovens, and coffee machines, are expected to capture a larger portion of the household appliance market.
• Increasing Smart City Funding: Investments in smart city projects are driving demand for smart kitchen appliances.
• Energy Efficiency Needs: There is a growing need for energy-efficient appliances, which smart kitchen devices fulfill.
• Global Smart Kitchen Market: Forecasts indicate that the global smart kitchen market will surpass $20 billion during the 2020s.
• Overall Household Appliance Market: Despite the rapid growth of smart kitchen appliances, this segment remains relatively small compared to the entire household appliance market, which is expected to grow to around $450 billion by 2023.
• The kitchen appliances market was the biggest industry in 2023, with a result of $0,72 trillion, and is expected to grow at a 4.81% CAGR between 2023 and 2028.
• In 2023, Midea Group Co.Ltd was the biggest household appliance company, with a sales value of almost $53 billion.
• As of 2023, the worldwide revenue generated by the main gadgets was $399.46 billion, and it will be valued at $500.28 billion by 2028.
• The Kitchen Appliances statistics state that the predicted revenue from home and kitchen gadgets worldwide will be $0.67 trillion by 2024.
• During the predicted period, the price unit in the Grills and Roasters section will grow to almost $9.9 in the United States.
• According to the Kitchen Appliances Statistics, in 2023, almost 90% of households in Spain, Turkey, Italy, Russia, the U.K.U.K., and the U.S.U.S. owned cookers or ovens.
• In 2023, in the U.S., at least one smart gadget will be owned and used by men, which can be 82%, and women at 49%.
• Households in the United States have saved almost $98 each month after using smart gadgets. Therefore, a yearly saving of $1,180 is observed.
• The Kitchen Appliances statistics state that in 2023, Whirlpool Corporation valued $5,33 billion in sales revenue from the freezers and the refrigerators.
• The smart kitchen appliance market is poised for significant expansion, driven by technological advancements, increased smart city initiatives, and the need for energy-efficient solutions.
• As this segment grows, it will play a more substantial role in the broader household appliance market.

Statistics By Website Traffic and Demographics

• As per the estimation done by the Kitchen Appliances Statistics in February 2024, Australia had almost 94.14% of the traffic on appliance.com.com until it decreased by 23.66% in the website openers.
• Furthermore, the other nations have stated the following addition in the entire traffic: 1.75[+598.8%], the U.S.U.S. with 0.97%[-25.59%], and New Zealand with 0.41%[-10.27%].
• The other nations all made up almost 2.18% of the visitors.

(Reference: similarweb.com)

• In the above chart, we can see the average usage of kitchen appliances according to demographics.
• Almost 59.59% of male and 40.41% of female users are shared by the website, according to the Kitchen Appliances statistics.
• The age group with the maximum number of website users is between 25 and 34, which has resulted in 22.11%.
• Almost 20% of web users are between 45 and 54 years old.
• Almost 71% and 17.47% of the people are 55 to 64 years old and almost 35 to 44 years old.

(Reference: similarweb.com)

• Around 19% of the users are between 18 years and 24 years old.
• Roughly 13.52% of the users have shared their contributions between the ages of 65 and 70.
• Research accounted for the high traffic rate at appliancesonline.com.au, which was almost 39.43% in February 2024.
• Around 72% of the share accounts are for direct search, whereas 23.84 are from paid search on the website.
• Other traffic ways are referred to in 1.12% of social searches, 1.68% of mail searches, 2.62% of referral searches, and 1.58% of display searches.

(Reference: similarweb.com)

• The traffic received by Facebook Messenger is almost 9.09%, whereas Twitter has 2.03% of the contribution.
• Facebook and Reddit have a contribution of almost 34.13% and 11.35%.
• YouTube has been ranked first with a referral rate of 42.91%, the highest among the other social media networks.

(Reference: semrush.com)

• The distribution of traffic for .com.au users is 47.54% on mobile devices and 52.46% on desktops.
• Among all appliance users, 24% are from Australia, totaling 1.34 million users. In this group, 50.04% use desktops, and 49.96% use mobile devices.
• The United States contributes 37.17K users, making up 2.61% of the traffic, all of whom access the site via desktop devices. New Zealand accounts for 0.61% of the total user base, equating to 8.72K users, with 100% using desktops.
• The United Kingdom and Belgium have approximately 6.3K and 4.69K users, respectively, representing 0.44% and 0.33% of the traffic.

Modular Kitchen Appliances Market Statistics

• The modular kitchen appliances market was valued at around $35.48 billion in 2022 and is expected to reach $62.52 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.83% from 2023 to 2032.

(Source: extrapolate.com)

• Modular kitchens are more affordable, easier to maintain, and more hygienic compared to traditional kitchens.
• They can be assembled and disassembled, which is a major advantage, especially for smaller spaces. Their sleek and polished designs are visually appealing, with various styles, colors, and patterns driving market growth.

Market Segmentation

• Product Type: Built-in ovens had the largest market share in 2022 and are expected to continue growing due to the demand for fresh and ready-to-eat meals and the rising popularity of smart kitchen appliances. Built-in refrigerators are also expected to grow significantly during the forecast period.
• End-User: The household segment dominated the market, driven by increasing residential construction activities.
• Distribution Channel: The offline segment generated the highest revenue in 2022, with many manufacturers using offline channels like wholesale and retail stores. However, due to the expanding e-commerce sector, there is a growing emphasis on online sales.
• Europe: This region held the largest market share in 2022, influenced by evolving consumer lifestyles and higher disposable incomes. Investments in construction and residential renovation activities are driving market growth in Europe.
• Ghost kitchens, which produce food solely for delivery without dine-in areas, have become more common, especially during the COVID-19 pandemic.
• These kitchens rely on built-in or integrated appliances for efficiency, boosting the demand for modular kitchen appliances.
• The market is seeing a surge in innovation, with new players introducing diverse designs and ideas.
• Companies are expanding their offerings, using online sales, improved post-sale services, and modern marketing techniques like social media.
• The increasing demand for advanced, technologically driven products is also contributing to market growth.

Recent Developments:

• November 2022: Ultrafresh Modular Solutions Limited, a subsidiary of T.T.K. Prestige Limited, opened its first franchise store in Chennai, offering modular kitchens, wardrobes, and display units.
• November 2022: Panasonic Life Solutions India launched a premium modular kitchen line that combines Indian manufacturing with Japanese technology

Key players in the market include:

• S.H. Hausgeräte GmbH
• Miele
• F.B. Industries Ltd.
• INTER IKEA SYSTEMS B.VB.V.
• Samsung
• Electrolux
• Häfele
• A.F.F. Appliances
• Moda Hardware
• E.G.E. Appliances

Market Segmentation

• By Product Type
• Built-in Ovens
• Built-in Microwaves
• Built-in Dishwashers
• Built-in Barbecues
• Built-in Refrigerators
• Others

By End-User

By Distribution Channel

(Source: extrapolate.com)

Regional Breakdown

• North America: U.S., Canada, Mexico
• Europe: France, UK, Spain, Germany, Italy, Nordic countries, Benelux, Rest of Europe
• Asia Pacific: China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, U.A.E., Egypt, Kuwait, South Africa, Rest of the Middle East & Africa
• Latin America: Brazil, Argentina, Rest of Latin America.
• The modular kitchen appliances market is growing rapidly, driven by the benefits of modular kitchens, the rise of ghost kitchens, and technological advancements.
• Europe currently leads the market, with significant growth expected globally due to increasing residential construction and renovation activities.
• The market is segmented by product type, end-user, and distribution channel, with built-in ovens and household use dominating.
• Both offline and online sales channels are crucial for market players.

Small Kitchen Appliances Statistics

• The small fridge industry is estimated to reach almost $1.75 billion by 2025, up from around $1.02 billion in 2018 worldwide.
• Around 35 million coffee maker machines are sold on a yearly note in the United States.
• Nearly 45% of the population buy small kitchen appliances for their new apartment.
• The revenue of the United States small kitchen appliances retail industry was $30.3 billion in 2021.

(Source: databridgemarketresearch.com)

• The above chart states the Global Small Kitchen Appliances Market by 2028.
• According to Kitchen Appliances Statistics, around 55% of United States citizens own an electric cooker.
• In 2019, the manufacturing cost of small kitchen appliances was 69.8 billion yen in Japan.
• China will be representing the biggest regional industry for small kitchen appliances over the preceding five years.
• The one-handed-serve coffee makers have an industrial share of around 50% of the coffee and tea makers section in the United States.
• The median sales cost of small kitchen appliances was $47 in the United States in 2021.
• The small kitchen appliances market in Australia is worth almost AUD 1.05 billion yearly.
• Around 65% of the small kitchen appliances industry consists of replacement purchases.
• Almost 25% of the United States population has been able to afford a small kitchen appliance in the preceding year.
• The electric kettle and the coffee maker machine had a lead for the small kitchen appliances industry in 2020.
• Just one cup of coffee maker is the most famous and the bestseller small kitchen appliance in the United States.
• Consistently, 48% of the small kitchen appliances were bought online in North America in 2020.
• The worldwide small kitchen appliances industry was worth $68.05 billion in 2020 and is projected to increase at an 11.7% CAGR between 2021 and 2028.

Changes In Government Regulations

• The market for large kitchen appliances continues to be shaped by long-term trends such as the increasing demand for smart technology, convenience, accessibility, and energy efficiency.
• Nonetheless, this market is also subject to ongoing changes due to various external factors, leading to an uncertain future for both consumers and manufacturers.
• A notable development occurred in February when the U.S.U.S. Department of Energy (D.O.E.) proposed new standards for the Appliance and Equipment Standards Program, focusing on refrigerators, freezers, and clothes washers.
• These proposed standards aim to enhance energy efficiency, provide homeowners with cost savings, and reduce carbon pollution.
• If adopted, these standards could take effect in 2027, influencing the manufacturing of refrigeration products and encouraging the use of advanced technologies to boost energy efficiency.
• The D.O.E. projects that these improvements could save consumers $60 billion over the next 30 years in utility costs.
• The Building Technologies Office (B.T.O.) ‘s implementation of these new regulations is also expected to lower carbon dioxide emissions.
• These changes could mean more options for consumers to purchase energy-efficient refrigerators and freezers in the future.
• However, it remains to be seen whether the models featuring improved technologies will be priced in a way that is accessible to the majority of residential consumers, thereby encouraging them to invest in these long-term energy-saving appliances.

Appliances Revenue Statistics By Category

(Reference: statista.com)

• The above chart shows the revenue of home and household gadgets globally from 2018 to 2028.
• The Household gadgets further show revenue by the large and small gadgets are $0.4 trillion and 0.24 trillion,
• The value of the large and small gadgets is estimated to be $0.42 trillion and $0.25 trillion by 2024.

In addition, the value generated by large and small houses and household gadgets is growing in the consecutive years like in :

• In 2025 – $0.44 trillion and $0,27 trillion
• In 2026 – $0.46 trillion and $0.28 trillion
• In 2027 – $0.48 trillion and $0.29 trillion
• In 2028 – $0.5 trillion and $0.31 trillion.

Microwave Oven Industry Statistics

• Between 2020 and 2024, the worldwide microwave oven industry size will grow by 4.36 billion.
• According to the Kitchen Appliances Statistics, around 13% of the microwave ovens in the United States are replaced each year. The above chart shows the revenue bifurcation in the Microwave oven industry from

(Reference: statista.com)

The above chart shows the revenue bifurcation in the Microwave oven industry from 2018 to 2029.

• Japan has an almost 85% penetration rate for microwave ovens in 2020.
• The microwave oven distribution channels have observed almost 60% of the value created from the offline channels.
• By 2025, compact microwave ovens with a capability of less than 1cu.ft. are estimated to reach an industry size of almost $1,514.2 million.
• In 2020, the microwave oven industry in the United States was valued at around $7.9 billion.
• By 2024, Europe’s revenue will contribute almost 39% to the commercial microwave oven industry’s share.
• In 2020, the official microwave oven industry size was at $1.06 billion.
• Till 2026, the smart microwave oven market is estimated to reach $989.3 million.
• China has the biggest market for microwave ovens, selling around 30 million units in 2020.
• Till 2027, the microwave oven market that involves microwave ovens is predicted to reach$11.68 billion.
• Around 95% of the houses in the United States own a microwave oven as of 2020.
• Whirlpool Corporation was the industry leader in North America.
• Till 2027, the convection microwave ovens industry size was estimated to be valued at $1,882.3 million.
• The microwave oven is estimated to maintain a high rate of industry share till 2025.
• Between 2019 to 2025, the official section is predicted to register a noteworthy 3.2% CAGR.
• The Asia Pacific was the most concentrated in North America, with almost 60% of the industry’s volume share held by the Asia Pacific.
• Between 2019 to 2025, the industry is predicted to grow at a 2.8% CAGR.
• In 2024, the global market for microwave ovens is expected to generate a revenue of $9.62 billion.
• This market is projected to grow at an annual rate of 4.20% (CAGR) from 2024 to 2029.
• The United States is anticipated to lead in revenue generation within this market, with a projected revenue of $1.998 billion in 2024.
• When considering the number of households, each household in the U.S.U.S. is expected to contribute $4.77 to this revenue.
• By 2029, the global market volume for microwave ovens is forecasted to reach 87.2 million units.
• A volume growth of 1.8% is expected in 2025. On average, each household is predicted to own 0.04 microwave oven units in 2024.
• The following are the key players in the Microwave Industry:

• Microwave ovens have become a crucial appliance in households across many countries, including the United States, due to their convenience and ability to save time.
• This analysis highlights the steady growth and significance of microwave ovens in the global market over the next few years.

Refrigerator Industry Statistics

• In 2023, the global refrigerator market was valued at $89.06 billion. It is expected to grow to $167.17 billion by 2033, reflecting an annual growth rate of 6.5%.
• Revenue is projected to steadily increase to $20.8 billion between 2024 and 2028, with a 17.25% growth rate.
• During this period, the volume of refrigerators sold is anticipated to rise by 16.1 million units, with an 8.46% growth rate.

(Reference: statista.com)

• Global revenue from refrigerators is anticipated to rise steadily from 2024 to 2028, reaching $20.8 billion with a growth rate of 17.25%.
• A report by Statista indicates that in 2023, the refrigerator market generated $116.98 billion in revenue.
• By 2024, this figure is expected to grow to $120.57 billion.
• The market is projected to see significant revenue growth in the following years, with estimates of $125.5 billion in 2025, $130.69 billion in 2026, $135.93 billion in 2027, and $141.35 billion in 2028.
• G.L.G. emerged as the leading refrigerator brand in 2023, with a 49% market share.
• In the United States, 81% of households own a refrigerator, and the average household expenditure on freezers and refrigerators is $139.49 annually.
• The North American refrigerator market is projected to grow from $15.41 billion in 2023 to $21.36 billion by 2030.
• The Asia Pacific region is expected to lead the global refrigerator industry by 2024, with a market size of $34.67 billion.
• Globally, there were 7.1 million refrigerator shipments, with 120,799 buyers and 120,719 suppliers.
• By the end of 2028, the refrigerator market volume is expected to reach around 260.37 million units.
• The global market for commercial refrigeration is projected to be worth $51.6 billion, with a compound annual growth rate (CAGR) of 6.1% from 2016 to 2024.
• A report by Stellar Market Research indicates that the refrigerator market was valued at $124.76 billion in 2023.
• Market revenue is anticipated to grow to $181.61 billion by 2030, with an annual growth rate of 5.51% from 2018 to 2030

Dishwasher Statistics

• The global smart dishwasher market was valued at $5.59 billion in 2023 and is expected to grow to $7.29 billion by 2027 at a CAGR of 6.9%.
• The U.S.U.S. projected revenue for smart dishwashers in 2023 was $ 3.45 billion. The market encompasses both small-size freestyle units for residential use and large-scale freestyle units for commercial purposes.
• The Asia Pacific region is forecasted to lead the market, driven by factors like rapid urbanization and the increasing adoption of smart home appliances.
• The market is estimated to reach $6.94 billion by 2029, with a CAGR of 13.9%.
• Notably, Japan, Indonesia, and the U.K. recorded revenues of $0.58 billion, $173.10 million, and $0.75 billion, respectively, in 2023.
• The built-in dishwasher segment is anticipated to experience the highest growth, with a CAGR of 10.2% from 2021 to 2030.
• Key players in the global smart dishwasher market include Robert Bosch GmbH, LG Electronics, Samsung Electronics, Haier Group Corporation, Electrolux AB, Whirlpool Corporation, Miele & Cie K.G.K.G., and Panasonic Corporation, among others.
• These industry leaders consistently invest in innovation to meet the evolving needs of consumers.

(Source: alliedmarketresearch.com)

• The Smart Dishwasher market is divided into built-in dishwashers, portable dishwashers, and drawer dishwashers.
• The built-in dishwasher segment is expected to see the most significant growth, with a CAGR of 10.2% from 2021 to 2030. Research by Allied Market suggests that by 2030, online retail will be the leading distribution channel, with a CAGR of 11.2%.
• Furthermore, the Asia-Pacific region is anticipated to be the largest adopter of smart dishwashers by 2030, with a CAGR of 11.1%.
• However, as of 2022, the Asia Pacific region had already achieved the largest market share in smart dishwashers.

Conclusion

The kitchen appliances market is poised for substantial growth, driven by urbanization and increased disposable income, empowering consumers to invest in luxury items. Lifestyle shifts, like the rising popularity of modular kitchens, are fostering innovation in kitchen appliances. The surge in food service establishments is driving demand for commercial kitchen appliances. The refrigerator segment leads the market, followed by cooking appliances, particularly induction and electric models. Companies like Dacor are leveraging partnerships, such as with Le Cordon Bleu, to offer innovative products. However, the smart kitchen appliance sector needs faster growth, necessitating companies to adapt to evolving technology. Collaborations and acquisitions are considered pivotal strategies for competitiveness in this dynamic market