Smart Kitchen Market set to grow according to forecasts- Whirlpool Corporation, LG Electronics, Dongbu Daewoo Electronics Corporation, AB Electrolux, Panasonic Corporation, Haier Group, Samsung Electronics

Press Release

An exclusive Smart Kitchen Appliance market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Smart Kitchen Market By Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Smart Kitchen market.

The global smart kitchen appliance market revenue accounted to US$ 12.6 Bn in 2018 and is expected to grow at a CAGR of 14.9% during the forecast period 2019 – 2027, to account to US$ 40.5 Bn by 2027. Whereas, by volume, the global smart kitchen appliance market is expected to grow at a CAGR of 17.3% during the forecast period.

Geographically, the smart kitchen appliance market is segmented into North America, Europe, Asia-Pacific, and Rest of World regions. Europe leads the smart kitchen appliances market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The global smart kitchen appliance market is booming in the current business years, attributing to the demand for advanced and intelligent cooking appliances in geographies such as North America, Europe and Asia Pacific. The rising number of high net worth individuals in these regions are fueling the growth of smart kitchen appliance market. Additionally, the smart kitchen appliance market is heavily captured by numerous well-established and globally renowned manufacturers as well as tier-2 companies and startups, which offer various types of smart kitchen appliances.

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Market Insights

Rise in internet penetration is projected to accelerate sales opportunities for Smart Kitchen Appliances Manufacturers

Several developed countries in North America and Europe has witnessed the growth in adoption of smart kitchen appliances, which is majorly attributed to the significant rise in Internet of Things (IoT). The availability of better internet infrastructure in the regions mentioned above has enabled the end users to procure smart kitchen appliances, thereby, have boosted the growth of smart kitchen appliances market size. Similarly, the Asia Pacific region is also witnessing staggering growth in internet penetration owing to the advancements in internet infrastructure.

The Major Key Market Players:

  •  Whirlpool Corporation
  •  LG Electronics
  •  Dongbu Daewoo Electronics Corporation
  •  AB Electrolux
  •  Panasonic Corporation
  •  Haier Group
  •  Samsung Electronics Co. Ltd.
  •  Koninklijke Philips N.V.
  •  BSH Group
  •  General Electric Co.

Smart Kitchen Appliance Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

The objectives of this report are as follows:

– To provide overview of the global Smart Kitchen Appliance market

– To analyze and forecast the global Smart Kitchen Appliance market on the basis of components and end-users

– To provide market size and forecast till 2025 for overall Smart Kitchen market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented across respective major countries

– To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend

– To provide exhaustive PEST analysis for all five regions

– To profiles key Smart Kitchen players influencing the market along with their SWOT analysis and market strategies

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Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Kitchen Appliance Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Smart Kitchen Appliance Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.