Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Ovens), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2020 - 2027

Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Ovens), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2020 - 2027

The global smart kitchen appliances market size is expected to reach USD 39.9 billion by 2027, expanding at a CAGR of 19.1% over the forecast period, according to a new report by Grand View Research, Inc. The market is driven by increasing penetration of Internet of Things (IoT) and Artificial Intelligence (AI) enabled devices. With rapid technological upgradation and increasing women workforce, strong inclination toward luxurious and tech-savvy appliances are considered to be major factors fueling the market growth. In addition, these appliances are equipped with high proximity sensors and can be operated remotely from smartphones, tablets, and display monitors. Increasing disposable income of middle-class economic group and westernization in the developing countries is also propelling the market.

The smart refrigerators product segment held majority of the market share, accounting for more than 34.0% share in 2019 and is expected to witness a significant growth over the forecast period. Availability of new age technology and energy efficient refrigerators with high ENERGY STAR ratings are becoming popular among consumers and thus driving the overall market. The smart cookware and cooktops segment is expected to be the fastest growing segment, witnessing a significant CAGR of 20.2% during the forecast period.

The residential application segment dominated the market and accounted for more than 57.0% of the market share in 2019. Rising trend of modern kitchen has enforced consumers to renovate and develop their kitchen according to latest trends in interiors and design. Availability of variety of products such as smart refrigerators, smart dishwashers, smart ovens, etc. is leading to the growth of kitchen appliances. Commercial segment is also expected to have a significant market growth in the forecast period owing to external food outlets such as hotels, restaurants, etc.

North America dominated the smart kitchen appliances market in 2019 and accounted for more than 34.0% of the market share. Rapid lifestyle changes along with increasing disposable income of middle-class population are among the prominent factors for the market growth in the region. Asia pacific is anticipated to be the fastest growing region and is expected to witness the highest CAGR of more than 21.0% over the forecast period. China is expected to account for the highest market share globally owing to growing adoption of smart cookware and smart ovens, thus leading to significant growth of the region.

Further key findings from the report suggest:

  • The smart cookware and cooktops product segment is expected to register a CAGR of 20.2% over the forecast period
  • Commercial sector in the application segment is expected to expand significantly with a CAGR of 18.8% over the forecast period
  • Europe is one of the fastest growing regions and is growing at a significant rate of 19.3% due to growing disposable income and advanced lifestyle standards especially in U.K. and Germany
  • Whirlpool Corporation, LG Electronics, AB Electrolux, Samsung Electronics Co. Ltd, Haier Group, Panasonic Corporation, BSH Hausgerate GmbH, Koninklijke Phillips N.V., and Miele are some of the major players in the smart kitchen appliances market.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Smart Kitchen Appliances Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Smart kitchen appliances Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Smart Kitchen Appliances Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Smart Refrigerators
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Smart Cookware & Cooktops
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Smart Dishwashers
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.5. Smart Ovens
5.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.6. Other Appliances
5.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 6. Smart Kitchen Appliances Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2019 & 2027
6.2. Residential
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3. Commercial
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 7. Smart Kitchen Appliances Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. North America
7.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.2.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.2.4.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million))
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.4.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.5.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.4.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.5.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.5.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.5.4.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.6. Middle East & Africa (MEA)
7.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.6.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.6.4.3. Market estimates and forecast, by Application, 2016 - 2027 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2019
Chapter 9. Company Profiles
9.1. Whirlpool Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. LG Electronics
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. AB Electrolux
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Samsung Electronics Co. Ltd
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Haier Group
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Panasonic Corporation
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. BSH Hausgerate GmbH
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Koninklijke Phillips N.V.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Miele & Cie. KG
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Dongbu Daewoo Electronics
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
TABLE 1 Smart Kitchen Appliances- Market driver analysis
TABLE 2 Smart Kitchen Appliances market restraint analysis
TABLE 3 Global smart refrigerators estimates and forecasts in product, 2016 - 2027 (USD Million)
TABLE 4 Global smart cookware & cooktops estimates and forecasts in product, 2016 - 2027 (USD Million)
TABLE 5 Global smart dishwashers estimates and forecasts in product, 2016 - 2027 (USD Million)
TABLE 6 Global smart ovens estimates and forecasts in product, 2016 - 2027 (USD Million)
TABLE 7 Global other appliances estimates and forecasts in product, 2016 - 2027 (USD Million)
TABLE 8 Global residential estimates and forecasts in Applications, 2016 - 2027 (USD Million)
TABLE 9 Global commercial estimates and forecasts in Applications, 2016 - 2027 (USD Million)
TABLE 10 Smart Kitchen Appliances estimates and forecasts in region, 2016 - 2027 (USD Million)
TABLE 11 North America Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 12 North America Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 13 North America Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 14 U.S. Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 15 U.S. Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 16 U.S. Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 17 Europe Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 18 Europe Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 19 Europe Smart Kitchen Appliances revenue, by Applications, 2016 - 2027 (USD Million)
TABLE 20 U.K. Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 21 U.K. Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 22 U.K. Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 23 Germany Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 24 Germany Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 25 Germany Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 26 Asia Pacific Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 27 Asia Pacific Smart Kitchen Appliances volume, by product, 2016 - 2027 (USD Million)
TABLE 28 Asia Pacific Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 29 China Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 30 China Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 31 China Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 32 India Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 33 India Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 34 India Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 35 Central & South America Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 36 Central & South America Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 37 Central & South America Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 38 Brazil Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 39 Brazil Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 40 Brazil Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 41 Middle East & Africa Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 42 Middle East & Africa Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 43 Middle East & Africa Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
TABLE 44 South Africa Smart Kitchen Appliances estimates and forecasts, 2016 - 2027 (USD Million)
TABLE 45 South Africa Smart Kitchen Appliances revenue, by product, 2016 - 2027 (USD Million)
TABLE 46 South Africa Smart Kitchen Appliances revenue, by Application, 2016 - 2027 (USD Million)
List of Figures
FIG. 1 Smart Kitchen Appliances Market segmentation & scope
FIG. 2 Smart Kitchen Appliances market key opportunities prioritized
FIG. 3 Value chain analysis Smart Kitchen Appliances
FIG. 4 Smart Kitchen Appliances market dynamics
FIG. 5 Smart Kitchen Appliances market Porter’s analysis
FIG. 6 Smart Kitchen Appliances: Product movement analysis
FIG. 7 Smart Kitchen Appliances: Application movement analysis
FIG. 8 Regional market place: Key takeaways
FIG. 9 Smart Kitchen Appliances: Regional movement analysis
FIG. 10 Strategy framework

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