Smart kitchen appliances market
According to HTF Market Intelligence, the smart kitchen appliances market is expected to register a CAGR of 15.61% during the forecast period (2024-2030). The latest market study on Global Smart Kitchen Appliances Market provides an overview of the current market trends in the global smart kitchen appliances sector and how survey respondents (all outsourcing decision makers) predict the market to look like in 2030. The study categorizes the market by revenue and volume (if applicable) and price history, estimates size and trend analysis, and identifies gaps and opportunities.
Companies included in the study include Samsung Electronics (South Korea), Electrolux (Sweden), General Electric (US), Philips (Netherlands), BSH Hausgerate GmbH (Germany), LG Electronics (South Korea), Siemens (Germany), Haier Group (China), Miele (Germany), Panasonic (Japan), Qingdao Haier (China), Whirlpool (US), Breville Group (Australia), Hestancu (US), Arcelik (Turkey) and Midea Group (China).
The global smart kitchen appliances market size is witnessing a robust growth of 15.61%, and the market size is expected to expand from USD 17.3 billion in 2024 to USD 42.9 billion by 2030.
Get ready to identify the pros and cons of regulatory frameworks, local reforms and their impact on the industry. Know how global smart kitchen appliances leaders are staying one step ahead with the latest research analysis.
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meaning
The smart kitchen appliances market refers to the industry involved in designing, manufacturing, and selling home kitchen appliances that have smart capabilities and are connected to the internet and other devices. Smart kitchen appliances include various types of appliances such as refrigerators, ovens, stoves, coffee makers, and dishwashers that can be controlled and monitored remotely via smartphones, tablets, and voice-activated assistants. These appliances are equipped with sensors, cameras, and other advanced technologies that can automate tasks, adjust settings based on user preferences, and provide real-time feedback and alerts. The smart kitchen appliances market includes a variety of manufacturers, from well-established appliance brands to startups specializing in smart home technology. The market has grown rapidly in recent years due to the increasing demand for convenience, energy efficiency, and connectivity in the kitchen.
Learn more about basic segmentation
Global Smart Kitchen Appliances Market Breakdown – By Application (Residential, Commercial), Type (Smart Refrigerators, Smart Coffee Makers, Smart Dishwashers, Smart Cookware & Stoves, Smart Ovens, Others), and Region (North America, South America, Europe, Asia Pacific, Middle East & Africa)
Trends in the smart kitchen appliance market
• Growing adoption of smart home technology is driving demand for connected kitchen appliances that can be controlled via mobile devices and voice assistants.
• Health and wellness trends are on the rise, leading to the development of smart kitchen appliances that support healthy cooking and eating habits.
• Increasing demand for a personalized and convenient cooking experience is driving the development of smart appliances that can suggest recipes, adjust cooking times and temperatures, and even order groceries.
Driving the smart kitchen appliance market
• There is growing consumer interest in convenience and time-saving features such as remote control, monitoring and automated cooking programs.
• Increasing interest in energy efficiency and sustainable living has led to the development of smart appliances that can optimise energy use and reduce waste.
• The expansion of the e-commerce market will increase access to a wider range of smart kitchen appliances at competitive prices.
Market Opportunities for Smart Kitchen Appliances
• Expand the smart kitchen appliances market through collaborations and partnerships with food and beverage companies, culinary schools and other related industries.
• Increasing demand for personalized and customizable cooking experiences will create opportunities for niche smart kitchen appliance brands.
• There will be a focus on interoperability and integration with other smart home devices and platforms, providing opportunities for vendors that can provide seamless connectivity and data exchange.
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Key survey highlights and frequently asked questions:
1) What is unique about this Global Smart Kitchen Appliances Rating?
Market Drivers Analysis: This economic slowdown has had a tremendous impact on various industries. Moreover, the market is noteworthy due to the widening demand-supply gap caused by stagnation in supply chains and production lines. The technological, regulatory, and economic trends that are impacting the market are also discussed. The key drivers and regional trends of the global market and the current trends within the industry are also discussed.
Market Concentration: C4 Index, HHI, Global Smart Kitchen Appliances Market Share Comparison Analysis (YoY), Key Players, Emerging Companies with Heat Map Analysis, etc.
Market Entropy: Market randomness highlights the proactive steps that players are taking to overcome the current situation. Here, development activities and steps such as expansions, technological advancements, M&A, joint ventures, launches, etc. are highlighted.
Patent Analysis: A comparison of the patents issued by each player each year.
Peer Analysis: Evaluate players by financial metrics such as EBITDA, net profit, gross margin, total revenue, market share by segments, assets, etc. to understand management effectiveness, operations, and liquidity status.
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2) Why are there so few companies profiled in the report?
Industry standards such as NAICS, ICB are believed to guide the most important manufacturers. Emphasis is placed on small and medium-sized enterprises that are emerging and evolving in the market due to their product presence and technology upgrade mode, and the current version includes companies such as “Samsung Electronics Co. Ltd. (Korea), Electrolux AB (Sweden), General Electric Co. (USA), Koninklijke Philips NV (Netherlands), BSH Hausgerate GmbH (Germany), LG Electronics Inc. (Korea), Siemens AG (Germany), Haier Group Corporation (China), Miele & Cie. KG (Germany), Panasonic Corp. (Japan), Qingdao Haier Co. Ltd. (China), Whirlpool Corp. (USA), Breville Group Ltd (Australia), Hestan Cue Inc. (USA), Arçelik AS (Turkey), Midea Group (China)”.
** Reported companies are subject to change due to name changes, mergers, etc.
3) What details are provided about the competitive environment?
Value proposition chapter to evaluate the global Smart Kitchen Appliances market. Two-page profiles of all listed companies with 3-5 years of financial data to track and compare business overview, product specifications, and more.
4) What do all the geographical divisions cover? Can I add a specific country of interest?
The countries included in the analysis are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA). What are the major countries covered? United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria, South Africa
**You can add your main country of interest if it is missing.
5) Is it possible to limit/customize the research scope to the application that interests me?
Yes, the general version of the survey is broad, but if you have applications that are more limited in scope and target, you can also customize the survey for just those applications. Currently, this covers residential and commercial applications.
**Delivery times may vary depending on requirements.
To get a detailed table of contents and synopsis of the report, https://www.htfmarketintelligence.com/report/global-smart-kitchen-appliances-market
The global Smart Kitchen Appliances market is analyzed across major world regions to understand the trends in the global Smart Kitchen Appliances market. Although we can provide customized research by specific region or country, typically clients prefer to:
– North America: United States (US), Canada, Mexico.
– South and Central America: Argentina, Chile, Colombia, Brazil.
– Middle East and Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, South Africa.
– Europe: UK, France, Italy, Germany, Spain, Nordic countries, Baltic countries, Russia, Austria and other European countries.
– Asia: India, China, Japan, Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, etc.) and others
– Oceania: Australia and New Zealand
Actual figures and detailed analysis of global smart kitchen appliances market size estimates and trends are available in the full report.
Thank you for reading this article. You can also purchase or opt-in to regional reports by section by limiting the scope to only North America, ANZ, Europe, MENA countries, Eastern Europe or the European Union.
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HTF Market Intelligence is a leading market research firm providing end-to-end syndicated and custom market reports, consulting services and insightful information worldwide. HTF MI integrates history, trends and forecasts to identify the highest value opportunities, address the most critical business challenges and transform your business. HTF MI analysts are focused on understanding the unique needs of each client and delivering insights that best suit their specific requirements.
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