Authored By: Sarah
04 Oct 2021

Smart Connected Cooking Appliances Market | Discover Top Trends and Drivers
Market Growth and Forecasts for 2021-2025

Accelerating at a CAGR of over 20%, the smart connected cooking appliances market is expected to grow by post an incremental growth of $ 8.61 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Smart Connected Cooking Appliances Market: Market Segments and Key Trends

This report provides a detailed analysis of the market by Distribution Channel (Offline and Online) and Geography (North America, Europe, APAC, South America, and MEA). 44% of the market growth will originate from North America during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Smart Connected Cooking Appliances Market: Leading Factors to Drive Market Growth

The rising innovation in product and technology is one of the primary factors that will drive the growth of the smart connected cooking appliances market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Smart Connected Cooking Appliances Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Vendor Analysis: General Electric Co., Haier Smart Home Co. Ltd. and Koninklijke Philips NV are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Nestle SA, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Treasure Retail Pvt. Ltd., and Whirlpool Corp. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Smart Connected Cooking Appliances Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart connected cooking appliances market growth during the next five years
  • Precise estimation of the smart connected cooking appliances market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart connected cooking appliances market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart connected cooking appliances market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 20%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 8.61 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    rising innovation in product and technology will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    44% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Nestle SA, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Treasure Retail Pvt. Ltd., and Whirlpool Corp.

     
  7. What are the market segments covered in this report?
    The market is segmented by Distribution Channel (Offline and Online) and Geography (North America, Europe, APAC, South America, and MEA)

Smart Connected Cooking Appliances Market Size to Grow by $ 8.61 bn During 2021-2025

Technavio has been monitoring the smart connected cooking appliances market and it is expected to grow by $ 8.61 bn, accelerating at a CAGR of almost 20% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Smart Connected Cooking Appliances Market: North America to lead market growth during the forecast period

  • 44% of the market growth will originate from North America during the forecast period.
  • Convenience offered by the smart connected cooking appliances will be a key trend that will influence market growth significantly.
  • The Rising innovation in product and technology will be a significant factor in driving the growth of the smart connected cooking appliances market.

Smart Connected Cooking Appliances Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Smart Connected Cooking Appliances Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Nestle SA, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Treasure Retail Pvt. Ltd., and Whirlpool Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Smart Connected Cooking Appliances Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart connected cooking appliances market growth during the next five years
  • Precise estimation of the smart connected cooking appliances market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart connected cooking appliances market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart connected cooking appliances market vendors

Technavio has been monitoring the global smart connected cooking appliances market and it is expected to grow by $ 8.61 billion, progressing at a CAGR of over 20% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Key Trends to impact market growth

Research analysis on the global smart connected cooking appliances market identifies convenience offered by these appliances to be a major factor that will drive market growth. Smart connected cooking appliances offer the convenience of controlling the appliances from anywhere in the house by using a mobile application and the users are notified about the status of their appliances. Cooking appliances such as smart cooktops, coffee machines, microwaves, and wall ovens can be connected through Wi-Fi or Bluetooth connectivity and controlled through smartphones. Hectic schedules and busy lifestyle of people are the main factors driving the purchase of smart appliances.

Smart Connected Cooking Appliances Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Top Driver to Boost Demand for smart connected cooking appliances market

Rising innovation in products and technology is one of the key factors driving the growth of the market during the forecast period. In the global smart connected cooking appliances market, the products usually fall into the premium category. The rising living standards of people and increasing expenditure on technology and connected devices propel the demand for smart and advanced appliances. Vendors are also focusing on providing technologically advanced appliances to facilitate easy access and convenience for customers. 

Smart Connected Cooking Appliances Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

For more insights on this market: Download a Free Sample Report 

Smart Connected Cooking Appliances Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart connected cooking appliances market growth during the next five years
  • Precise estimation of the smart connected cooking appliances market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart connected cooking appliances market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart connected cooking appliances market vendors
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