Smart Kitchen Appliances Market Outlook, Industry Demand and Supply, Key Prospects, Pricing Strategies, Forecast and Top Manufacturers Analysis Report by Emergen Research

The smart kitchen appliances market reached a market size of USD 110.56 Billion in 2020 and is expected to register a double-digit CAGR over the forecast period, according to recent analysis by Emergen Research. Smart kitchen appliances market revenue growth is driven significantly by rapid advancements in the fields of AI and IoT. Major advancements in AI technologies and machine learning have resulted in development and launch of a range of smart products that enable consumers to save time and effort in food preparation, tracking contents and products in the kitchen, refrigerators, and others.

As per industry analysts, the Smart Kitchen Appliances industry is currently reeling from the pandemic’s gripping effects, and remarkable changes have been observed in the market dynamics and demand trends over recent months. The financial strains being suffered by each business organization in this industry have significantly slowed down their progress. Additionally, the report assesses the pandemic’s overall impact on the global market growth and involves a future COVID-19 impact assessment to help readers make prudent business decisions.

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Competitive Landscape:

The research report offers key insights into the leading market players’ strengths and weaknesses, assessed using Porter’s Five Forces and SWOT analyses. The report includes Smart Kitchen Appliances market segmentation based on product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast timeframe. The key players profiled in the report include:

Whirlpool Corporation, Samsung Electronics, Haier Group, and Panasonic

Key Highlights of Report

• In February 2017, Whirlpool acquired Yummly, which is one of the largest foods and recipe sites on the Internet to bolster its smart kitchen strategy. The guided cooking feature will enable users of Whirlpool Smart Kitchen to send a recipe directly to Wi-Fi-connected kitchen appliances such as an oven.
• In 2018, LG launched ThinQ app on smartphone, which allows users to control their devices with Google Assistant or Amazon Alexa. Similarly, Samsung has introduced its wide range of smart kitchen appliances, including the AI-enhanced refrigerator which provides meal planning and recipe suggestions according to the needs of the user.
• Incorporation and use of IoT and Wi-Fi in a growing number of kitchen appliances and devices has changed the overall aspect of cooking. Connected devices, typically worn on the body such as fitness trackers and smart watches, ease manual tasks by notifying users about details of products kept in the refrigerator, for instance, how long the items have been kept in the fridge, expiration date etc.

Market Segmentation:

Emergen Research has segmented the smart kitchen appliances market in terms of product, technology, end use, and region:

• Product (Revenue, USD Billion; Volume: Thousand Units; 2020–2028)
o Smart Refrigerators
o Smart Cookware and Cooktops
o Smart Dishwashers
o Smart Thermostats
o Smart Coffeemakers
o Other Appliances
• Technology Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
o Wi-Fi
o Bluetooth
o RFID
o Others
• Sales Channel Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
o Online
o Offline
• End-user Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
o Residential
o Commercial
o Industrial

Major Geographies Encompassed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The study strives to carefully gauge the present and future market growth prospects, untapped avenues, demand and consumption patterns, and the crucial factors poised to impact each market region’s revenue potential. Therefore, the report scrutinizes the numerous growth trends & prospects and the significant challenges and threats that the market players might face in the upcoming years.

Target Audience of the Global Smart Kitchen Appliances Market report:

• Global Smart Kitchen Appliances market providers, traders, distributors, and suppliers
• Research organizations, End-use industries, consulting organizations, and various alliances related to this business sphere.
• Independent regulatory authorities, government bodies, and policymakers.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Kitchen Appliances Market Segmentation & Impact Analysis
4.1. Smart Kitchen Appliances Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing application of technology (IoT, Wi-Fi)
4.2.2.2. Rise in disposable income
4.2.3. Market restraints analysis
4.2.3.1. High cost of production
4.2.3.2. High maintenance cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

READ MORE…!

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