Smart kitchen appliance market size to grow by USD 13,293.08 million from 2022 to 2027; A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 10, 2023 /PRNewswire/ -- Technavio categorizes the global smart kitchen appliance market as a part of the household appliances market, which covers revenue generated by manufacturers of electric household appliances and related products. The global smart kitchen appliance market size is estimated to increase by USD 13,293.08 million between 2022 and 2027. The market's growth momentum will progress at a CAGR of 13.4%.

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Global smart kitchen appliance market – Vendor analysis
Vendor Landscape - The global smart kitchen appliance market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer smart kitchen appliance in the market are AB Electrolux., Beko Plc, BSH Hausgerate GmbH, Coway Co. Ltd., General Electric Co., Godrej and Boyce Manufacturing Co. Ltd., Gourmia Inc., Haier Smart Home Co. Ltd., Havells India Ltd., June Life Inc., Kappliancese Philips NV, LG Electronics Inc., Liebherr International AG, MIDEA Group, Miele and Cie. KG, Newell Brands Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Smarter Applications Ltd., and Whirlpool Corp. and others.

The global smart kitchen appliance market is subject to rapidly changing consumer demands and preferences. The changing consumer preference pattern may affect vendor performance in the market. It may also be affected by consumer preference, global and regional economic conditions, and various other demographic trends, which will increase the market growth during the forecast period.

Vendor offerings -

• AB Electrolux.: The company offers smart kitchen appliances such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, microwave ovens, vacuum cleaners, and other small appliances.
• Beko Plc: The company offers smart kitchen appliances such as refrigerators, ovens, and cooktops.
• BSH Hausgerate GmbH: The company offers smart kitchen appliances under its brand Solitaire.
• Gourmia Inc.: The company offers smart kitchen appliances such as SmartPot pressure cookers.
• For Details on vendor and its offerings – Buy the report!

Global smart kitchen appliance market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoptiothe n lifecycle
• Drivers of price sensitivity

Global smart kitchen appliance market - Segmentation assessment

Segment overview
Technavio has segmented the market based on the product (smart large cooking appliances, smart refrigerators, smart small cooking appliances, and smart dishwashers) and distribution channel (offline and online).

• The smart large cooking appliance segment will contribute significantly to market growth during the forecast period. The smart large cooking appliance segment is expected to grow with the rise in consumer demand for energy-efficient appliances with user-friendly interfaces. Connectivity technologies like wi-fi, and features, such as a voice-controlled personal assistant, are contributing to the growth of the smart large cooking appliance segment. Hence, the above-mentioned factors are expected to fuel the growth of the smart large cooking appliance segment in the global market during the forecast period.

Geography overview
By geography, the global smart kitchen appliance market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global smart kitchen appliance market.

• North America is estimated to account for 32% of the growth of the global market during the forecast period. The demand for these kitchen appliances in North America is expected to grow at a notable rate, driven by an expected rise in the popularity and adoption of smart home technologies, particularly in the US and Canada, during the forecast period. The US market exhibits a high demand for such kitchen appliances owing to technological advancements and increased product offerings by vendors across the globe. In addition, the demand for energy-efficient smart appliances is expected to grow owing to the implementation of stringent government regulations and standards related to energy usage in the US. Therefore, vendors are continuously innovating and introducing new products in the market., which will increase the market growth during the forecast period.

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Global smart kitchen appliance market– Market dynamics

Leading drivers - The ease of use and convenience offered by smart kitchen appliances are notably driving the market growth. Modern kitchen appliances are easy and convenient to use. They can be controlled from anywhere with just a click on a smartphone through a mobile application, which includes different recipes, user guidance, shopping assistance, and controls. Through the featured mobile application connected to appliances, users can remain updated about the activity status of their appliances. Another major factor driving the demand for these appliances is remote access, which allows users to perform different tasks at a time and also helps in saving energy. Hence, the above-mentioned factors are expected to drive the growth of the global market during the forecast period.

Key trends - Integration with voice-controlled personal assistants is a major trend in the focused market. A voice-controlled personal assistant is a smart hub that links various Internet-connected services and devices together. Voice-controlled personal assistant allows users to control their smart appliances and devices with their voice commands. Several other features can be performed with voice-controlled personal assistants, such as playing music, streaming videos, and receiving live news updates. These features make the kitchen experience more dynamic, expected to drive the adoption of these appliances during the forecast period.

Major challenges - The lack of product and technology awareness, especially in developing regions, is a major challenge impeding the market. Due to the lack of knowledge related to smart products and technology among the population, vendors find it difficult to penetrate developing markets. APAC, China, and Japan are prominent markets for such kitchen appliances, as customers have the necessary knowledge about the product and are aware of advanced technologies. However, in some developing nations, the lack of well-established internet infrastructure restricts the use of smart appliances and poses a challenge to the vendors operating in the market. A large base of customers in countries such as India do not have the requisite knowledge about the product and are not familiar with advanced technologies. Thus, low technology awareness results in low-volume sales of these appliances. Thus, such factors may hamper the growth of the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this Smart Kitchen Appliance Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the smart kitchen appliance market between 2023 and 2027
• Precise estimation of the size of the smart kitchen appliance market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the smart kitchen appliance market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of smart kitchen appliance market vendors

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Table of contents

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global smart kitchen appliance market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global smart kitchen appliance market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Smart large cooking appliance - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Smart large cooking appliance - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Smart large cooking appliance - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Smart large cooking appliance - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Smart large cooking appliance - Year-over-year growth 2022-2027 (%)

• 6.4 Smart refrigerator - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Smart refrigerator - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Smart refrigerator - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Smart refrigerator - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Smart refrigerator - Year-over-year growth 2022-2027 (%)

• 6.5 Smart small cooking appliance - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Smart small cooking appliance - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Smart small cooking appliance - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Smart small cooking appliance - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Smart small cooking appliance - Year-over-year growth 2022-2027 (%)

• 6.6 Smart dishwasher - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Smart dishwasher - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Smart dishwasher - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Smart dishwasher - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Smart dishwasher - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 51: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 53: Chart on Comparison by Distribution Channel
• Exhibit 54: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 63: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 AB Electrolux.
• Exhibit 116: AB Electrolux. - Overview
• Exhibit 117: AB Electrolux. - Business segments
• Exhibit 118: AB Electrolux. - Key news
• Exhibit 119: AB Electrolux. - Key offerings
• Exhibit 120: AB Electrolux. - Segment focus

• 12.4 Beko Plc
• Exhibit 121: Beko Plc - Overview
• Exhibit 122: Beko Plc - Product / Service
• Exhibit 123: Beko Plc - Key offerings

• 12.5 BSH Hausgerate GmbH
• Exhibit 124: BSH Hausgerate GmbH - Overview
• Exhibit 125: BSH Hausgerate GmbH - Product / Service
• Exhibit 126: BSH Hausgerate GmbH - Key offerings

• 12.6 General Electric Co.
• Exhibit 127: General Electric Co. - Overview
• Exhibit 128: General Electric Co. - Business segments
• Exhibit 129: General Electric Co. - Key news
• Exhibit 130: General Electric Co. - Key offerings
• Exhibit 131: General Electric Co. - Segment focus

• 12.7 Gourmia Inc.
• Exhibit 132: Gourmia Inc. - Overview
• Exhibit 133: Gourmia Inc. - Product / Service
• Exhibit 134: Gourmia Inc. - Key offerings

• 12.8 Haier Smart Home Co. Ltd. 
• Exhibit 135: Haier Smart Home Co. Ltd. - Overview
• Exhibit 136: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 137: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 138: Haier Smart Home Co. Ltd. - Segment focus

• 12.9 Havells India Ltd.
• Exhibit 139: Havells India Ltd. - Overview
• Exhibit 140: Havells India Ltd. - Business segments
• Exhibit 141: Havells India Ltd. - Key news
• Exhibit 142: Havells India Ltd. - Key offerings
• Exhibit 143: Havells India Ltd. - Segment focus

• 12.10 June Life Inc.
• Exhibit 144: June Life Inc. - Overview
• Exhibit 145: June Life Inc. - Product / Service
• Exhibit 146: June Life Inc. - Key offerings

• 12.11 Koninklijke Philips NV 
• Exhibit 147: Koninklijke Philips NV - Overview
• Exhibit 148: Koninklijke Philips NV - Business segments
• Exhibit 149: Koninklijke Philips NV - Key news
• Exhibit 150: Koninklijke Philips NV - Key offerings
• Exhibit 151: Koninklijke Philips NV - Segment focus

• 12.12 LG Electronics Inc.
• Exhibit 152: LG Electronics Inc. - Overview
• Exhibit 153: LG Electronics Inc. - Business segments
• Exhibit 154: LG Electronics Inc. - Key news
• Exhibit 155: LG Electronics Inc. - Key offerings
• Exhibit 156: LG Electronics Inc. - Segment focus

• 12.13 Liebherr International AG 
• Exhibit 157: Liebherr International AG - Overview
• Exhibit 158: Liebherr International AG - Product / Service
• Exhibit 159: Liebherr International AG - Key news
• Exhibit 160: Liebherr International AG - Key offerings

• 12.14 Miele and Cie. KG
• Exhibit 161: Miele and Cie. KG - Overview
• Exhibit 162: Miele and Cie. KG - Product / Service
• Exhibit 163: Miele and Cie. KG - Key offerings

• 12.15 Robert Bosch GmbH
• Exhibit 164: Robert Bosch GmbH - Overview
• Exhibit 165: Robert Bosch GmbH - Business segments
• Exhibit 166: Robert Bosch GmbH - Key news
• Exhibit 167: Robert Bosch GmbH - Key offerings
• Exhibit 168: Robert Bosch GmbH - Segment focus

• 12.16 Samsung Electronics Co. Ltd. 
• Exhibit 169: Samsung Electronics Co. Ltd. - Overview
• Exhibit 170: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 171: Samsung Electronics Co. Ltd. - Key news
• Exhibit 172: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 173: Samsung Electronics Co. Ltd. - Segment focus

• 12.17 Whirlpool Corp.
• Exhibit 174: Whirlpool Corp. - Overview
• Exhibit 175: Whirlpool Corp. - Business segments
• Exhibit 176: Whirlpool Corp. - Key offerings
• Exhibit 177: Whirlpool Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

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