PUBLISHER: TechNavio | PRODUCT CODE: 1709623
PUBLISHER: TechNavio | PRODUCT CODE: 1709623
The smart home appliances market is forecasted to grow by USD 109.7 bn during 2024-2029, accelerating at a CAGR of 24.6% during the forecast period. The report on the smart home appliances 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 product innovation in terms of technology, performance, features, and design, periodic revisions in energy efficiency standards, and growing adoption of wireless connecting devices and iot.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 17.9% |
CAGR | 24.6% |
Incremental Value | $109.7 bn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's smart home appliances market is segmented as below:
By Product
By Distribution Channel
By Geographical Landscape
This study identifies the introduction of additional features in smart home appliances as one of the prime reasons driving the smart home appliances market growth during the next few years. Also, partnerships with other companies and growing smartphone penetration and increasing internet speed will lead to sizable demand in the market.
The report on the smart home appliances market covers the following areas:
The 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 home appliances market vendors that include Apple Inc., BSH Hausgerate GmbH, Electrolux Group, General Electric Co., Godrej Appliances, Haier Smart Home Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, Mitsubishi Electric Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Whirlpool Corp., and Xiaomi Inc.. Also, the smart home appliances 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 publisher 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 primary and secondary research. The 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.
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