Technavio has been monitoring the smart kitchen appliance market and is forecast to grow by USD 22386.7 mn during 2023-2028, accelerating at a CAGR of 18.19% during the forecast period. Our report on the smart kitchen appliance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for premium, innovative appliances, increasing adoption of smart connected home system, and ease of use and convenience offered by smart kitchen appliances.
Technavio's smart kitchen appliance market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 14.12% |
CAGR | 18.19% |
Incremental Value | $22386.7mn |
By Product
- Smart large cooking appliance
- Smart refrigerator
- Smart small cooking appliance
- Smart dishwasher
By Distribution Channel
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increased adoption of modular kitchen as one of the prime reasons driving the smart kitchen appliance market growth during the next few years. Also, advent of multi-cooking functionalities in smart cooking appliances and integration with voice-controlled personal assistants will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the smart kitchen appliance market covers the following areas:
- Smart kitchen appliance market sizing
- Smart kitchen appliance market forecast
- Smart kitchen appliance market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart kitchen appliance market vendors that include Beko A and NZ Pty Ltd., BSH Hausgerate GmbH, Coway Co. Ltd., Electrolux AB, General Electric Co., Godrej and Boyce Manufacturing Co. Ltd., Gourmia Inc., Haier Smart Home Co. Ltd., Havells India Ltd., June Life Inc., Koninklijke Philips N.V., LG Electronics Inc., Liebherr International Deutschland GmbH, MIDEA Group Co. Ltd., Miele and Cie. KG, Newell Brands Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Smarter Applications Ltd., and Whirlpool Corp.. Also, the smart kitchen appliance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.