Smart Home Appliances Market Size - By Appliances Type (Smart Refrigerator, Smart Washing Machine, Smart Air Conditioner, Smart Dishwasher, Smart Oven, Smart Coffee Maker), By Distribution Channel, Global Forecast 2023

Description

List of Tables

Global Smart Home Appliances Market will witness over 11.5% CAGR between 2023 and 2032. The surging demand in the market is due to the continuous advancements in managing and connecting to smart home appliances.

For instance, in October 2023, The Connectivity Standard Alliance, a consortium of companies dedicated to improving IoT accessibility, security, and usability, unveiled Matter 1.2, an upgraded version of its smart home standard. Matter facilitates the seamless integration and operation of smart devices across various brands and ecosystems, employing a common internet language. The latest release encompasses nine device types, such as refrigerators, dishwashers, laundry machines, and robotic vacuums, to enhance reliability, responsiveness, and user control over data in Matter-enabled devices.

These innovations empower users to seamlessly manage their smart home appliances, enhancing convenience, efficiency, and overall quality of life. As technology evolves, consumers increasingly embrace these sophisticated solutions, fueling the smart home appliances market growth.

The overall Smart Home Appliances Market is classified based on appliance type, distribution channel, and region.

Smart refrigerator segment size will progress at a decent growth rate from 2023 to 2032. These innovative appliances offer convenience, efficiency, and enhanced connectivity to users. With features like remote control, food inventory management, and energy-saving capabilities, smart refrigerators have become a focal point for consumers seeking modern living solutions. The desire for a more connected and automated lifestyle continues to drive the surge in the smart home appliances market demand from smart refrigerators.

Online segment will register a robust CAGR from 2023 to 2032. Consumers can now explore a wide range of smart home appliances with ease, comparing features and prices, reading reviews, and making informed choices from the comfort of their homes. This online accessibility has greatly contributed to the smart home appliances market growth by making them more accessible to a broader audience.

Europe smart home appliances market will showcase an appreciable CAGR from 2023 to 2032. The desire for convenience, energy efficiency, and automation drives the adoption of smart home appliances across the continent. From intelligent thermostats to connected kitchen appliances, the European market is witnessing a surge in demand for these innovative products, with consumers seeking to enhance their quality of life through technology.

Product Code: 6655

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Smart home appliances market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Appliances type trends
2.5 Distribution channel trends

Chapter 3 Smart Home Appliances Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Appliances type launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising consumer inclination towards smart home
  - 3.10.1.2 Growing demand for convenient and energy-efficient appliances
  - 3.10.1.3 Growing adoption of IoT technology
  - 3.10.1.4 Surge in government investments in smart technologies
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High initial cost of smart home appliances
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Haier Group Corporation
- 4.3.2 LG Electronics Inc.
- 4.3.3 Samsung Electronics
- 4.3.4 BSH Hausgeräte GmbH (BOSCH)
- 4.3.5 Panasonic Corporation
- 4.3.6 Whirlpool Corporation
- 4.3.7 Midea Group
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Smart Home Appliances Market Estimates & Forecast, By Appliances Type (Revenue & Units)

5.1 Key trends, by appliances type
5.2 Smart refrigerator
5.3 Smart washing machine
5.4 Smart air conditioners
5.5 Smart dishwashers
5.6 Smart oven
5.7 Smart coffee maker

Chapter 6 Smart Home Appliances Market Estimates & Forecast, By Distribution Channel (Revenue & Units)

6.1 Key trends, by distribution channel
6.2 Online
6.3 Offline

Chapter 7 Smart Home Appliances Market Estimates & Forecast, By Region (Revenue & Units)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Russia
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Southeast Asia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
7.6 MEA
- 7.6.1 UAE
- 7.6.2 Saudi Arabia
- 7.6.3 South Africa

Chapter 8 Company Profiles

8.1 BSH Hausgeräte GmbH (Bosch)
8.2 Danby Appliances Inc.
8.3 Dongbu Daewoo Electronics
8.4 Electrolux AB
8.5 Frigidaire
8.6 Haier Group Corporation
8.7 Hisense Co. Ltd
8.8 Kenmore
8.9 LG Electronics Inc.
8.10 Liebherr Group
8.11 Midea Group
8.12 Panasonic Corporation
8.13 Samsung Electronics
8.14 Whirlpool Corporation
8.15 Xiaomi Corporation