Europe Smart Kitchen Appliances Market By Product (Smart Refrigerators, Smart Cookware and Cooktops, Smart Ovens, Smart Dishwashers, and Other Products), By Applications (Residential and Commercial), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The Europe Smart Kitchen Appliances Market would witness market growth of 16.9% CAGR during the forecast period (2021-2027).
There has been a rise in investment of time and money by the kitchen appliance manufacturers to develop infrastructures, which would enable their products to connect with one another. It is due to the high potential of IoT technology in these appliances. Consumers are inclining towards the adoption of IoT devices, which is anticipated to bolster the growth of the market over the forecast period.
The Internet of Things (IoT) is expanding the network of ordinary things, which connects industrial machinery with smart kitchen appliances to share information and complete tasks when people are engaged in other activities. The addition of the small amount of computational power in these appliances has led to substantial improvements in lifestyle. Gen X and millennials are estimated to highly adopt smart kitchen appliances in their homes. People below the age of 44 would spend more on smart kitchen appliances than people above 45 years of age.
The increasing adoption of advanced and energy-efficient kitchen appliances is contributing to the growth of regional market. Additionally, the pandemic has restricted the construction activities and the imposition of lockdown has also hampered the manufacturing of these appliances, which may impede the growth of the regional market. Further, the uncertainty in the economy and purchasing power parity of the customers are among the major factors hindering the growth of the regional market.
The rising digitalization across this region is encouraging customers to use more advanced and energy-efficient appliances, which would augment the regional market growth during the forecast period. Moreover, the high disposable income of the customers along with the huge demand for luxurious kitchen appliances over conventional kitchen appliances is fueling the growth of the regional smart kitchen appliances market. Furthermore, the presence of numerous key market players is propelling the growth of the regional market.
The Germany market dominated the Europe Smart Dishwashers Market by Country in 2020, thereby, achieving a market value of $306.5 million by 2027. The UK market is exhibiting a CAGR of 17% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 19.6% during (2021 - 2027).
Based on Product, the market is segmented into Smart Refrigerators, Smart Cookware and Cooktops, Smart Ovens, Smart Dishwashers, and Other Products. Based on Applications, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BSH Hausgeräte GmbH, Whirlpool Corporation, Miele & Cie. KG, LG Electronics, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Koninklijke Philips N.V., GE Appliances, a Haier Company, Electrolux AB, and Daewoo Electronics Corporation.
Scope of the Study
Market Segments covered in the Report:
By Product
- Smart Refrigerators
- Smart Cookware and Cooktops
- Smart Ovens
- Smart Dishwashers,
- Other Products
- Residential
- Commercial
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- BSH Hausgeräte GmbH
- Whirlpool Corporation
- Miele & Cie. KG
- LG Electronics, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- Koninklijke Philips N.V.
- GE Appliances, a Haier Company
- Electrolux AB
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Smart Kitchen Appliances Market, by Product
- 1.4.2 Europe Smart Kitchen Appliances Market, by Application
- 1.4.3 Europe Smart Kitchen Appliances Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.2 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
- Chapter 4. Europe Smart Kitchen Appliances Market by Product
- 4.1 Europe Smart Refrigerators Market by Country
- 4.2 Europe Smart Cookware and Cooktops Market by Country
- 4.3 Europe Smart Ovens Market by Country
- 4.4 Europe Smart Dishwashers Market by Country
- 4.5 Europe Other Product Market by Country
- Chapter 5. Europe Smart Kitchen Appliances Market by Applications
- 5.1 Europe Residential Market by Country
- 5.2 Europe Commercial Market by Country
- Chapter 6. Europe Smart Kitchen Appliances Market by Country
- 6.1 Germany Smart Kitchen Appliances Market
- 6.1.1 Germany Smart Kitchen Appliances Market by Product
- 6.1.2 Germany Smart Kitchen Appliances Market by Applications
- 6.2 UK Smart Kitchen Appliances Market
- 6.2.1 UK Smart Kitchen Appliances Market by Product
- 6.2.2 UK Smart Kitchen Appliances Market by Applications
- 6.3 France Smart Kitchen Appliances Market
- 6.3.1 France Smart Kitchen Appliances Market by Product
- 6.3.2 France Smart Kitchen Appliances Market by Applications
- 6.4 Russia Smart Kitchen Appliances Market
- 6.4.1 Russia Smart Kitchen Appliances Market by Product
- 6.4.2 Russia Smart Kitchen Appliances Market by Applications
- 6.5 Spain Smart Kitchen Appliances Market
- 6.5.1 Spain Smart Kitchen Appliances Market by Product
- 6.5.2 Spain Smart Kitchen Appliances Market by Applications
- 6.6 Italy Smart Kitchen Appliances Market
- 6.6.1 Italy Smart Kitchen Appliances Market by Product
- 6.6.2 Italy Smart Kitchen Appliances Market by Applications
- 6.7 Rest of Europe Smart Kitchen Appliances Market
- 6.7.1 Rest of Europe Smart Kitchen Appliances Market by Product
- 6.7.2 Rest of Europe Smart Kitchen Appliances Market by Applications
- Chapter 7. Company Profiles
- 7.1 BSH Hausgeräte GmbH (Robert Bosch Group)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Acquisition and Mergers:
- 7.2 Whirlpool Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.5.3 Acquisition and Mergers:
- 7.3 Miele & Cie. KG
- 7.3.1 Company Overview
- 7.3.2 Recent strategies and developments:
- 7.3.2.1 Partnerships, Collaborations, and Agreements:
- 7.3.2.2 Product Launches and Product Expansions:
- 7.4 LG Electronics, Inc. (LG Corporation)
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional & Segmental Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent Strategies and Developments:
- 7.4.5.1 Partnerships, Collaborations and Agreements:
- 7.4.5.2 Product Launches and Product Expansions:
- 7.5 Samsung Electronics Co., Ltd. (Samsung Group)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 Recent Strategies and Developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.5.6 SWOT Analysis
- 7.6 Panasonic Corporation
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.5.2 Product Launches and Product Expansions:
- 7.6.6 SWOT Analysis
- 7.7 Koninklijke Philips N.V.
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Product Launches and Product Expansions:
- 7.8 GE Appliances, a Haier Company
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Partnerships, Collaborations, and Agreements:
- 7.8.2.2 Product Launches and Product Expansions:
- 7.9 Electrolux AB
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
- 7.9.2.1 Partnerships, Collaborations, and Agreements:
- 7.9.2.2 Product Launches and Product Expansions:
- 7.9.2.3 Acquisition and Mergers:
- 7.10. Daewoo Electronics Corporation
- 7.10.1 Company Overview
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