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Rising Demand For Advanced And Intelligent Cooking Appliances Drives The Smart Kitchen Appliances Market: The Driving Engine Behind Smart Kitchen Appliances Market Evolution in 2025
Smart Kitchen Appliances
Smart Kitchen Appliances Market Size Growth Forecast: What to Expect by 2025?
The market size for smart kitchen appliances has witnessed a significant expansion in the last few years. Projections indicate that it will surge from $25.16 billion in 2024 to $29.32 billion in 2025, with a compound annual growth rate (CAGR) of 16.6%. The acceleration during the historical phase can be associated with shifts in lifestyle patterns, population growth, a rising trend in home renovations, development in emerging markets, and an upswing in the construction industry.
How Will the Smart Kitchen Appliances Market Size Evolve and Grow by 2029?
The market size for smart kitchen appliances is projected to experience significant expansion in the coming years, with an expected value of $54.97 billion by 2029, reflecting a compound annual growth rate (CAGR) of 17.0%. Factors contributing to this projected growth during the forecast period include an increase in smart home integration, urbanization, growth in disposable income, and a surge in demand for energy-efficient appliances. Upcoming trends forecasted for this period encompass voice-activated appliances, augmented reality (ar) guided cooking, maintenance of health and nutrition, multi-purpose and compact appliances, and touch-free, hygiene-focused features.
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What Drivers Are Propelling the Growth of Smart Kitchen Appliances Market Forward?
The surge in preference for high-tech and smart cooking appliances is significantly driving the expansion of the smart kitchen appliances market. The COVID-19 pandemic's advent and the subsequent lockdowns, coupled with the widespread availability of smartphones and wireless services, have bolstered the demand for smart kitchen appliances. For instance, research by security.org reveals that 32% of US households are equipped with smart home technology, a figure projected to rise to 57% by 2025. The data also indicates that 80 million US households, or 64% of the people surveyed, plan to acquire a new form of smart home device within the next year. Consequently, the rising demand for sophisticated and smart cooking appliances is set to propel the expansion of the human smart kitchen appliances market.
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What Long-Term Trends Will Define the Future of the Smart Kitchen Appliances Market?
The progress in technology stands out as a notable trend gaining traction in the smart kitchen appliances industry. To bolster their product line and fortify their market position, leading participants in this market are honing their focus on pioneering kitchen appliances embraced with cutting-edge technology such as machine learning. Take for instance, Bosch, an international engineering and tech firm based in Germany, introduced the Bosch Series 8 accent line sensor oven, an oven equipped with smart Artificial Intelligence. Via a machine learning protocol, a neural network can discern specific patterns from the input and make smart forecasts, including calculating the duration needed for the baking or cooking process.
What Are the Key Segments in the Smart Kitchen Appliances Market?
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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Who Are the Key Players Shaping the Smart Kitchen Appliances Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth 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.
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