Global Smart Connected Cooking Appliances Market 2024-2028
The smart connected cooking appliances market is forecasted to grow by USD 19.62 bn during 2023-2028, accelerating at a CAGR of 26.58% during the forecast period. The report on the smart connected cooking appliances market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising innovation in product and technology, growing adoption of smart home systems, and ease of use and convenience offered by smart connected cooking appliances.
Technavio's smart connected cooking appliances market is segmented as below:
By Distribution Channel
Offline
Online
By End-user
Residential
Commercial
By Geography
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the increasing adoption of modular kitchen as one of the prime reasons driving the smart connected cooking appliances market growth during the next few years. Also, advent of multi-cooking functionalities in smart cooking appliances and integration with voice-controlled personal assistants will lead to sizable demand in the market.
The report on the smart connected cooking appliances market covers the following areas:
Smart connected cooking appliances market sizing
Smart connected cooking appliances market forecast
Smart connected cooking appliances market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart connected cooking appliances market vendors that include Behmor Inc., Breville Pty Ltd, Daewoo Electricals, Electrolux Professional AB, Haier Smart Home Co. Ltd., Hindware Home Innovation Ltd., June Life Inc., Koninklijke Philips N.V., Legrand SA, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, Mitsubishi Electric Corp., Newell Brands Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Smarter Applications Ltd., and Whirlpool Corp.. Also, the smart connected cooking appliances market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.