Smart Kitchen Appliances Market 2018 North America & Europe Industry Analysis, Size, Share, Growth, Trends and Forecast by 2023

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Pune, India - January 12, 2018 /MarketersMedia/ —

Smart Kitchen Appliances Market:

Executive Summary

Smart kitchen appliances are regular kitchen appliances integrated with advanced technology. The appliances are connected to various available technologies such as wireless network, Wi-Fi system, Bluetooth and others and run on the in-built intelligence. With developing economic conditions, consumers are found to adapt to various unique technologies to make their cooking more convenient and time saving. Manufacturers have developed various appliances including smart fridge, ovens, smart weighing scales, intelligent pans and others which have not only made the cooking experience better but have also resulted in power saving across the globe. These eco-friendly smart kitchen devices have turned out to be a boom of technology and are now having high demands from various regions. Since the appliances are eco-friendly, they emit less carbon dioxide and cause minimal greenhouse effect.

Smart kitchen appliances are designed so that they can be operated from any corner of the house. Some of them such as smart ovens and intelligent pans are connected to smart phones and can be operated through the cell phones. Smart kitchen appliances have various benefits which include switching off by itself based on the data on set cooking time and the sensors detecting the cooked food, measure the heat intensity inside the appliance, suggest the expiry date of the food item (according to the data feed) and others. Smart kitchen appliances are also capable of performing dual function (thermomix) which makes the cooking process quick. Smart cooking devices can also monitor eating habits and can suggest a proper balanced diet. Consumers with the help of digital display can check the recipe and cook the dish according to their preference.

Sensors, imaging, intelligent processing and integrated data service all in the smart kitchen devices make the cooking process hustle free. This is one of the huge opportunities for players to penetrate the market by bringing innovations in the product line. By the growth in global GDP, the share of smart kitchen appliances as one of the essentials is anticipated to increase at a high rate during the forecast period.

North America smart kitchen appliances market has been segmented by application which includes residential and commercial. Residential segment is accounting 56.70% of market proportion in the North America smart kitchen appliances market in the year of 2017 and it is estimated to retain its dominance throughout the forecast period of 2017-2023. However, commercial segment is estimated to witness a massive growth of 18.43% during the forecast period. Consumers are increasingly seeking towards the takeaway foods due to the hectic lifestyles which in turn positively influences the demand of food service industry. Quick service restaurant and food service providers are focusing into the time constraint of the food delivery. So, the restaurants and other food service providers are increasingly using smart kitchen appliances product to save the cooking time.

Europe smart kitchen appliances market has been segmented by product type which comprises of Crockpot, Instant pot, combination oven, smart oven, combination oven, smart weighing scale, thermomix, intelligent pan and others. Combination oven is estimated to retain its dominance throughout forecast period of 2017-2023. Combination oven is estimated to reach USD 1357.08 Mn by the end of 2023 with registering a CAGR of 18.64%. Food service industry always demands for the faster and more efficient way of cooking which is anticipated to be one of the significant factor of the mounting growth of combination oven in the Europe market. With the rise in economy along with the increasing purchasing power parity of the consumers in the developed countries of Europe is propelling the overall demand of the combination oven during the review period.

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Key Players

The leading market players in the Smart Kitchen Appliances market primarily are Breville Group Ltd. (Australia), AB Electrolux (Sweden), Hamilton Beach Brands, Inc. (U.S.), Robert Bosch GmbH (Germany), Whirlpool Corp. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Tovala (U.S.), Vorwerk Elektrowerke GmbH & Co. KG (U.S.), Hestan Cue, Inc. (U.S.), Etekcity Corporation (U.S.)

Study Objectives of Smart Kitchen Appliances Market Forecast to 2023

Detailed analysis for individual micro and macro markets for smart kitchen appliances
To estimate market size by Application, Product Type, Technology type, Distribution Channel and Region
To understand the supply and demand dynamics of Smart Kitchen Appliances
To provide region level market analysis and future outlook for U.S., U.K., Ireland, France, and South-East Asia
Company profiling of major players & competitive positioning for the Smart Kitchen Appliances market
Value chain analysis and supply chain analysis of smart kitchen appliances
Analysis of historical market trends, and technologies, and current government regulatory requirements related to Smart Kitchen Appliances market

Target Audience

Smart kitchen appliances manufacturers
Smart oven manufacturers
Commercial industries
Retailers and wholesalers
Traders, importers and exporters

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Key Findings

The Europe smart kitchen appliances market is projected to reach USD 5.59 billion by the end of 2023
Germany will continue to dominate the Europe smart kitchen appliances market with more than 27% market share and it is projected to grow at a CAGR of 19.1% by 2023
Regional and Country Analysis of Smart Kitchen Appliances market development and demand forecast to 2023 Market

As per the MRFR analysis, the North America market for smart kitchen appliances has witnessed continued demand during the last few years and is projected to reach USD 5.90 billion by 2023, at a CAGR of 18.08% during the forecasted period. U.S. is estimated to dominate the North America smart kitchen appliances market holding a lion’s share of more than 74% and projected to reach USD 4.34 billion.

The reports also cover country level analysis:

North America
o US

o Canada

o Mexico

Europe
o Germany

o U.K.

o France

o Italy

o Spain

o Rest of Europe

Continuous…

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Source: MarketersMedia

Release ID: 286785

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