Press release
Thriving Smart Kitchen Appliances Market: Expect $57.04 Billion Growth by 2029
Smart Kitchen Appliances Market Trends
Transformative Trends and Key Players Pushing Growth in the Global Market
What Is The Projected Market Size Of The Global Smart Kitchen Appliances Market And Its Growth Rate?
The smart kitchen appliances market is witnessing significant expansion. Recent data points to important growth factors and projections:
•Market size accelerated from $25.16 billion in 2024 to $29.77 billion in 2025, marking a compound annual growth rate (CAGR) of 18.3%.
•Growth factors during that period include changing lifestyles, population expansion, popularity of home renovations, growth in emerging markets, and advancements in the construction sector.
•The market size is predicted to continue its steep ascent, reaching $57.04 billion in 2029 at a CAGR of 17.7%.
•Responsible for this heady forecast are the rise of smart home integration, increasing urbanization, disposable income growth, and growing demand for energy efficiency.
What Is Driving The Growth In The Smart Kitchen Appliances Market?
The market's growth is fueled by rising demand for advanced, intelligent cooking appliances. Immense growth in the wake of the COVID-19 pandemic, combined with the increasing availability of smartphones and wireless services, has triggered escalating demand for smart kitchen appliances. According to research by security.org, it is expected that smart home technology will be available in 57% of US households by 2025. An estimated 64% of US households (80 million) plan to purchase a new type of smart home device within the next year. These factors uphold that continuing demand for innovative kitchen appliances will significantly boost market growth.
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Who Are the Key Players Driving Smart Kitchen Appliances Market Growth?
Major market contributors include:
•Whirlpool Corporation
•LG Electronics Inc.
•Electrolux AB
•Samsung Electronics Co. Ltd.
•Haier Group Corporation
•Panasonic Corporation
•Breville Group Limited
•Miele & Cie. KG
•Koninklijke Philips N.V.
•BSH Hausgeräte GmbH
•General Electric Appliances Company
•Siemens AG
•Sharp Corporation
•Toshiba Corporation
•Hitachi Ltd.
•Groupe SEB SA
•De'Longhi S.p.A.
What Are The Key Trends In The Smart Kitchen Appliances Market?
Main trends shaping the market:
•Voice-controlled appliances
•Augmented reality (AR) cooking guidance
•Health and nutrition monitoring
•Compact and multi-functional appliances
•Touchless and hygienic features
What Are The Segments Of The Global Smart Kitchen Appliances Market?
Market segments include:
•By Product: Smart Refrigerators, Smart Cookware and Cooktops, Smart Dishwashers, Smart Ovens, and Other Appliances
•By Sales Channel: Indirect Sales Channel and Direct Sales Channel
•By Application: Residential and Commercial
Which Region Leads The Smart Kitchen Appliances Market?
North America dominated the smart kitchen appliances market in 2024 and is expected to maintain its lead. The fastest growth, on the other hand, is projected from Asia-Pacific. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Kitchen Appliances Market Global Market Report?
- Market Size Analysis: Analyze the Smart Kitchen Appliances Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Kitchen Appliances Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Kitchen Appliances Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Kitchen Appliances Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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