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Leading Element Driving Change in the Smart Kitchen Appliances Market in 2025: Rising Demand For Advanced And Intelligent Cooking Appliances Drives The Smart Kitchen Appliances Market Driver
Smart Kitchen Appliances Market
The escalating need for high-tech and smart cooking equipment is considerably solidifying the expansion of the smart kitchen appliances market. The onset of the COVID-19 crisis and subsequent lockdowns, paired with broader accessibility to smartphones and wireless services, have boosted the demand for smart kitchen appliances. For example, research by security.org reveals that smart home technology is now available in 32% of US households, and this is set to expand to 57% by 2025. Projections also demonstrate that 80 million US households, accounting for 64% of the survey respondents, plan to acquire a novel smart home gadget within the forthcoming year. Thus, the escalating need for high-tech and smart cooking tools will further propel the expansion of the human smart kitchen appliances market.
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What growth opportunities are expected to drive the smart kitchen appliances market's CAGR through 2034?
Over the past few years, the size of the smart kitchen appliances market has experienced a significant surge. It is predicted to expand from $25.16 billion in 2024, ballooning to a whopping $29.77 billion in 2025, indulging in a heady compound annual growth rate (CAGR) of 18.3%. The upswing during the historical period can be traced back to a transformation in lifestyle, burgeoning population, a rising trend in home remodeling, growth in nascent markets, and a boom in the construction sector.
Anticipated to experience swift expansion in the imminent years, the smart kitchen appliances market size is predicted to reach $57.04 billion by 2029. This growth, at a compound annual growth rate (CAGR) of 17.7%, is attributable to factors such as increased integration into smart homes, urbanization, raised disposable income, and a higher demand for energy-efficient appliances. In the forecast period, note-worthy trends such as voice-controlled devices, augmented reality (AR) cooking assistance, health and nutrition tracking, compact, multi-functional appliances, and touchless, hygienic features are expected to prevail.
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What are the emerging trends shaping the future of the smart kitchen appliances market?
Progress in technology is a significant trend emerging in the smart kitchen appliances market. Major players in the market are working towards creating innovative kitchen appliances featuring sophisticated technology like machine learning to better their current product range and reinforce their market standing. For example, Bosch, a multinational engineering and technology company from Germany, unveiled the Bosch Series 8 accent line sensor oven, a smart oven powered by Artificial Intelligence. This smart oven utilizes a machine learning system where a neural network interprets patterns from the data to make smart forecasts, such as the necessary time for baking or cooking procedures.
Which growth-oriented segments of the smart kitchen appliances market are leading the industry's development?
The smart kitchen appliances market covered in this report is segmented -
1) By Product: Smart Refrigerators, Smart Cookware and Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances
2) By Sales Channel: Indirect Sales Channel, Direct Sales Channel
3) By Application: Residential, Commercial
Subsegments:
1) By Smart Refrigerators: Wi-Fi Enabled Refrigerators, Smart French Door Refrigerators, Smart Side-by-Side Refrigerators
2) By Smart Cookware and Cooktops: Smart Pressure Cookers, Smart Slow Cookers, Smart Induction Cooktops
3) By Smart Dishwashers: Wi-Fi Enabled Dishwashers, Sensor-Based Dishwashers, Smart Compact Dishwashers
4) By Smart Ovens: Smart Convection Ovens, Smart Wall Ovens, Smart Toaster Ovens
5) By Other Appliances: Smart Coffee Makers, Smart Blenders, Smart Food Processors
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What regions are leading the charge in the smart kitchen appliances market?
North America was the largest region in the smart kitchen appliances market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart kitchen appliances market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the smart kitchen appliances market?
Major companies operating in the smart kitchen appliances market 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., Kenwood Limited, Morphy Richards Limited, TefalCo., Smarter Applications Ltd., Drop Servicing, June Life Inc., Tovala Inc., Bartesian LLC, MEATER Inc., Plumis Inc., Lumitics Pte. Ltd., CapSen Robotics Inc., Fitly Inc.
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What Is Covered In The Smart Kitchen Appliances Global Market Report?
•Market Size Forecast: Examine the smart kitchen appliances market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart kitchen appliances market for a structured understanding.
•Key Players Overview: Analyze major players in the smart kitchen appliances market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart kitchen appliances market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart kitchen appliances market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart kitchen appliances market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart kitchen appliances market.
•Competitive Landscape: Review strategic developments in the smart kitchen appliances market, including expansions, agreements, and new product launches.
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