Global Smart Kitchen Appliance Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Kitchen Appliance Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The smart kitchens appliance connects to other tech such as your phone or tablet, allowing user to control appliances remotely. The extra control and data smart kitchens provide aids in efficiency, precision, and safety. Other benefits of utilizing a smart kitchen appliance include increased output, reduced number of accidents, and lowered overhead costs.

Smart kitchens appliance comes in many different sizes and spans several types of appliances. A piece of smart kitchen equipment may be voice-activated or remote-controlled from a phone, while another smart kitchen appliance may keep internal temperature logs or perform self-maintenance. The key defining feature of smart kitchen equipment is customizability, allowing user to set up and program your equipment as see fit.

Market Overview:

The latest research study on the global Smart Kitchen Appliance market finds that the global Smart Kitchen Appliance market reached a value of USD 17508.28 million in 2022. It’s expected that the market will achieve USD 33923.51 million by 2028, exhibiting a CAGR of 11.65% during the forecast period.

The demand of catering enterprises for smart products has increased

With the development trend of standardization of catering enterprises, the number of catering enterprises that choose to use smart kitchens and equipment is increasing, and the commercial departments composed of small restaurants, high-end restaurants and cafes are gradually accelerating the use of small smart kitchen appliances. Smart kitchen equipment can guarantee the serving speed and food quality of catering enterprises, and help catering enterprises to form a standardized service system. Benefiting from the rising trend of catering standardization and intelligence, catering enterprises have a strong demand for intelligent products. In order to greatly improve cooking efficiency, reduce labor costs and provide intelligent and characteristic catering services, the number of catering enterprises that choose smart kitchen equipment is increasing.

Long product replacement cycle

Kitchen equipment, as a daily necessity, has a wide market range and a huge consumer group, but its long product life determines its difference from FMCG products, that is, the extremely low replacement rate. This has also brought some obstacles to the entry of new products, especially large-scale smart kitchen equipment, into the market. When the product quality or function has not been greatly improved and changed, it is difficult for consumers to easily choose to replace existing products.

Region Overview:

In global comparison, a significant portion of the revenue was generated in United States (28.31% in 2021).

Company Overview:

Haier Group, Midea, Samsung Electronics were the top 3 players in the Smart Kitchen Appliance market in 2022, taking up a market share of 34.84% together.

Segmentation Overview:

Among different product types, Smart Refrigerators segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Household segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Smart Kitchen Appliance market covered in Chapter 3:

Midea
LG Electronics
Panasonic
Robam
AB Electrolux
Miele & Cie KG
Haier Group
Whirlpool Corporation
Samsung Electronics
Winia Electronics
BSH Appliance

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Kitchen Appliance market from 2018 to 2029 is primarily split into:

Smart Refrigerators
Smart Dishwashers
Smart Ovens
Smart Cookware and Cooktops
Smart Scales and Thermometers

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Kitchen Appliance market from 2018 to 2029 covers:

Commercial
Household

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)