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The offline segment will generate maximum revenue in the smart connected cooking appliances market, owing to the availability of a wide variety of products in one place. In terms of geography, North America will present significant opportunities for market vendors due to the factors such as the rising awareness of smart connected devices among the customers in the US and technological advancements.
Smart Connected Cooking Appliances Market: Major Growth Drivers
The following factors are expected to drive the growth of the market during the forecast period:
- Rising innovation in product and technology
- Growing adoption of smart home systems
- Ease of use and convenience offered by smart connected cooking appliances
In addition, the report identifies the convenience offered by smart connected cooking appliances as a major trend in the smart connected cooking appliances market. Hectic work schedules and busy lifestyles are driving the modern generation to shift toward the adoption of smart appliances. Smart connected cooking appliances offer wi-fi or Bluetooth connectivity which allows users to control them anywhere in the house through a mobile application. The mobile apps also include different recipes and user guides to make the appliance more convenient to customers. These factors will be crucial in driving the demand for smart connected cooking appliances over the forecast period.
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Smart Connected Cooking Appliances Market: Key Vendor Offerings
General Electric Co.: The company offers smart cooking appliances such as Smart Wall Ovens, Smart Microwaves, Smart Ranges, and Opal 2.0 Nugget Ice Maker.
Haier Smart Home Co. Ltd.: The company offers smart connected cooking appliance such as Microwave Oven which comes in different types such as convection, grill, and solo.
Koninklijke Philips NV: The company offers smart connected cooking appliances such as Blender, Airfryer Collection, Food processor, Smoke-less Indoor Grill, and Rice Cooker.
LG Electronics Inc.: The company offers smart connected cooking appliance such as Microwave Ovens which comes in different types such as Charcoal convection microwave, Grill/Solo microwave, and NeoChef smart inverter microwave.
Nestle SA: The company offers E by NESCAFE which is a first of its kind, smart, and app-enabled coffee maker.
Reasons to Buy Smart connected cooking appliances Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist smart connected cooking appliances market growth during the next five years
- Estimation of the smart connected cooking appliances market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart connected cooking appliances market across North America, Europe, APAC, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart connected cooking appliances market vendors
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Related Reports on Consumer Discretionary Include:
Global Smart Kitchen Appliance Market – Global smart kitchen appliance market is segmented by product (smart large cooking appliance, smart refrigerator, smart small cooking appliance, and smart dishwasher), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).
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Global Household Appliance Market – Global household appliance market is segmented by product (major household appliances and small household appliances), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA).
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