Smart Kitchen Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Global Smart Appliances Kitchen Market is segmented by product type (smart ovens, smart dishwashers, smart refrigerators, smart cookware, and cooktops, smart scale and thermometers, and others); by distribution channel, by the end-user (residential and commercial); and by geography.

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Smart Kitchen Appliances Market Size

Smart Kitchen Appliances Market Summary
Study Period 2019 - 2028
Base Year For Estimation 2021
CAGR 14.12 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Smart Kitchen Appliances Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Smart Kitchen Appliances Market Analysis

With pacing technological advancements, the kitchen concept has gone through very radical change, with a major focus on increasing efficiency around the kitchen and reducing the time spent in cleaning and cooking. The industry has been gaining prominence on account of devices enhanced with smart sensors and the Internet of things (IoT) enabled technology. IoT devices are also expected to drive market growth, over the forecast period.

Customers of the global market have started to link technological advancement as an indication of prosperity and are spending a disproportionate amount on beautifying their homes. This has led to the growth of the smart kitchen appliances market worldwide. Smart technology is a key feature for every new appliance, from dishwashers to refrigerators offering customized functionalities for all kinds of needs and preferences of the user. The trends towards smaller single households and integrated kitchen designs support the development of smart kitchens. In addition to the convenience and easy handling, smart devices also serve sustainability purposes. For example, connected household appliances can not only store shopping lists, but with one view on the smartphone, it is possible to check what is still in the refrigerator and what needs to be purchased.

Smart Kitchen Appliances Market Trends

This section covers the major market trends shaping the Smart Kitchen Appliances Market according to our research experts:

Designing Of Internet Of Things (iot) Network System For Kitchen

The potential of IoT has not been unnoticed by kitchen appliances manufacturers, and they are investing time and money in developing infrastructures for their products to communicate over. This factor is highly appreciated by the consumers actively using IoT devices, which is expected to drive the market growth, over the forecast period. Internet of Things is a growing network of everyday objects, connecting industrial machines to consumer home appliances that can share information and complete tasks, while people are engaged in other routine activities. Embedding a small amount of processing power into appliances has created significant lifestyle benefits. Networked objects are serving users better, and are helping modify users’ behavior in positive ways, by reminding the users of schedules, deadlines, or other household needs.

Smart Kitchen Appliances Market: Expected Development of Internet of Things in billion, by Number of Devices Connected, 2003-2020

United States is a Growing Market In North America

The home appliance industry, through its products and innovation, is becoming essential to consumers, due to changes in lifestyle, health, safety, and convenience. It is also contributing significantly to the US job market and the nation’s economic security. The factors promoting the growth of the market are the high technological acceptance in the country and the purchasing power of the consumer. Even the government is promoting the adoption of energy efficient appliances. Connected home devices include smart appliances (dishwashers, dryers, refrigerators, etc.), safety and security systems, and energy equipment like smart thermostats and smart lighting. Furthermore, although built-in connectivity is a niche feature in large cooking appliances in the United States, a rise in smart assistant speakers is indicated. For example, recently, Whirlpool integrated technological innovations in a selection of kitchen appliances, calling it the Smart Home Line.

 
Smart Kitchen Appliances Market - Market Size by Region, Global, (2019)

Smart Kitchen Appliances Industry Overview

The most active companies in the market include key players, such as Samsung Electronics Co. Ltd, Whirlpool Corporation, LG Electronics, and AB Electrolux. Key players in the global smart kitchen appliances market are focussing on the online distribution channels, for their online marketing and branding of their products to attract more customers. Some of the other prominent players in the market are Sub-Zero, Breville Group Limited, Hestan Cue Inc., Miele & Cie KG, and Panasonic Corporation. 

Smart Kitchen Appliances Market Leaders

  1. Samsung Electronics Co. Ltd

  2. Whirlpool Corporation

  3. Electrolux AB

  4. LG Electronics Inc.

  5. Panasonic Corporation

*Disclaimer: Major Players sorted in no particular order

Smart Kitchen Appliances Market Concentration
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Smart Kitchen Appliances Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Market Opportunities

    5. 4.5 Porters Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technological Advancements in the Market

    7. 4.7 Consumer Behavior Analysis

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Smart Ovens

      2. 5.1.2 Smart Dishwashers

      3. 5.1.3 Smart Refrigerators

      4. 5.1.4 Smart Cookware and Cooktops

      5. 5.1.5 Smart Scale and Thermometers

      6. 5.1.6 Other Product Types

    2. 5.2 Distribution Channel

      1. 5.2.1 Multi-brand Stores​  

      2. 5.2.2 Exclusive Stores

      3. 5.2.3 Online​ 

      4. 5.2.4 Other Distribution Channels

    3. 5.3 End User

      1. 5.3.1 Residential

      2. 5.3.2 Commercial

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 AB Electrolux

      2. 6.2.2 Samsung Electronics Co. Ltd

      3. 6.2.3 Whirlpool Corporation

      4. 6.2.4 LG Electronics Inc.

      5. 6.2.5 BSH Home Appliances Corporation

      6. 6.2.6 Panasonic Corporation

      7. 6.2.7 Haier Group

      8. 6.2.8 Breville Group Limited

      9. 6.2.9 Miele

      10. 6.2.10 Philips

    3. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

  9. 9. DISCLAIMER

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Smart Kitchen Appliances Industry Segmentation

The global smart kitchen appliances market is segmented by product type into, smart ovens, smart dishwashers, smart refrigerators, smart cookwares and cooktops, smart scale and thermometers and others; by the end user into residential and commercial; by distribution channel into offline retail stores and commercial retail stores. The study also covers the global level analysis of the major regions North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Product Type
Smart Ovens
Smart Dishwashers
Smart Refrigerators
Smart Cookware and Cooktops
Smart Scale and Thermometers
Other Product Types
Distribution Channel
Multi-brand Stores​  
Exclusive Stores
Online​ 
Other Distribution Channels
End User
Residential
Commercial
Geography
North America
Europe
Asia Pacific
South America
Middle East and Africa
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Smart Kitchen Appliances Market Research FAQs

The Smart Kitchen Appliances Market is projected to register a CAGR of 14.12% during the forecast period (2023-2028).

Samsung Electronics Co. Ltd, Whirlpool Corporation, Electrolux AB, LG Electronics Inc. and Panasonic Corporation are the major companies operating in the Smart Kitchen Appliances Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Smart Kitchen Appliances Market.

Smart Kitchen Appliance Industry Report

Statistics for the 2023 Smart Kitchen Appliance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Smart Kitchen Appliance analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Smart Kitchen Appliance Market Report Snapshots

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