Latest News- Smart Kitchen Appliance Market: Smart large cooking appliance is expected to lead the Product segment during 2024-2028

The Smart Kitchen Appliance Market is being driven by Growing demand for premium, innovative appliances

The Smart Kitchen Appliance Market is expected to grow at a CAGR of 18.19% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 22386.7 million. The shift towards modular kitchens, driven by rising living standards and consumer expenditure on household infrastructure, is a significant trend in the kitchen appliance market. Modern, design-conscious customers seek space-saving, aesthetically pleasing solutions for their kitchens. Modular designs not only provide sleek looks but also offer enhanced functionality and convenience. Vendors have responded to this trend by expanding their product portfolios with built-in appliances such as refrigerators, wall ovens, ranges, and cooktops, catering to the increasing demand for sophisticated kitchen solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Smart large cooking appliance
  • Smart refrigerator
  • Smart small cooking appliance
  • Smart dishwasher
• Distribution Channel
  • Offline
  • Online
• Connectivity
  • Wi-Fi
  • Bluetooth
  • Voice-Controlled
• End-User
  • Residential
  • Commercial (Restaurants, Hotels)
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for premium, innovative appliances
• Increasing adoption of smart connected home system
• Ease of use and convenience offered by smart kitchen appliances

However, the market also witnesses some limitations, which are as follows:

• High cost of installation
• Lack of product and technology awareness, especially in developing regions
• Increasing penetration of alternate solutions

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Market Scope in Smart Kitchen Appliance Market Research Report

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Research Analysis Overview

The Smart Kitchen Appliance Market encompasses advanced technologies such as oven self-cleaning systems, refrigerator cooling innovations, dishwasher detergent dispensers, cooktop burners, and range hoods. Additionally, it includes microwave inverter technology, coffee brewing processes with toasting algorithms, and blender motor advancements. Smart kitchens also offer security features, recipe databases, dietary tracking software, and various accessories. Energy Star certification, supply chain management, distribution channels, retail sales, consumer preferences, and pricing strategies are crucial market factors. Product innovation continues to drive growth in this sector.

Market Research Overview

The smart kitchen appliance segment, a subset of the larger global household appliances market, encompasses revenue generation for manufacturers of advanced technologies such as smart ovens, refrigerators, dishwashers, cooktops, ranges, microwaves, and coffee makers. This market segment falls under the major household appliances category, which represents electric appliances designed for residential use. The global household appliance industry is segmented into major appliances, small appliances, hand tools, power tools, and garden improvement tools. Exclusions from this market include consumer electronics, like televisions, and technology hardware, storage, and peripherals, such as personal computers. Additionally, industrial machinery categories, including machine tools and agriculture equipment, are excluded.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/