Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Smart Kitchen Appliances Market.
The Global Smart Kitchen Appliances Market is predicted to grow at an 18% CAGR over the forecast period (2017-2023), as per the latest Market Research Future (MRFR) report. Improvement and advancement in kitchen technology are transforming how people cook, interact with their homes, and also store food. The advent of various smart kitchen appliances has made it easier to manage households and continues to improve lives by saving energy and time.
Smart kitchen appliances offer higher efficiency, convenience, comfort, and increased safety over traditional kitchen appliances. They are equipped with different hardware and components with advanced connectivity features and sensing technologies through which they are connected to tablets or mobile phones to offer remote access. Efficient power consumption, increased energy saving, reduction in wastage, increased comfort, enhanced productivity, and safety are some of the key benefits of using these kitchen appliances. They are premium kitchen appliances that have been specially designed for high performance and optimum efficiency.
Various factors are propelling the smart kitchen appliances market growth. These factors, as stated by the MRFR report, include a rising preference for eco-friendly measures to conserve power, technological advancements in the kitchen appliances industry, growing purchasing power, and rising disposable income. Moreover, the various benefits that smart kitchen appliances offer such as energy-efficiency, user-friendly interface, and eco-friendly features are also boosting the market growth.
On the contrary, lack of awareness about smart kitchen appliance and their multiple advantages over traditional devices are likely to hamper the smart kitchen appliances market growth over the forecast period.
The Market Research Future report provides a wide segmental analysis of the smart kitchen appliances market based on product type, application, technology type, and distribution channel.
Based on product type, the smart kitchen appliances market is segmented into intelligent pans, thermomix, smart weighing scale, smart ovens, combination ovens, instant pot, crockpot, and others. Of these, the intelligent pans segment will have the largest share in the market over the forecast period.
Based on application, the smart kitchen appliances market is segmented into commercial and residential. Of these, the residential application segment will dominate the market over the forecast period.
Based on technology, the smart kitchen appliances market is segmented into wireless sensor networks, Bluetooth, RFID, and others. Of these, the wireless sensor networks segment will lead the market over the forecast period.
Based on distribution channel, the smart kitchen appliances market is segmented into store-based and non-store based. The store-based segment is further segmented into mass retailers, departmental stores, specialty retailers, supermarkets and hypermarkets, and others. Of these, the store-based segment will have the maximum share in the market over the forecast period.
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Based on the region, the smart kitchen appliances market report covers growth opportunities and the latest trends across Europe and North America.
Of these, Europe will dominate the market during the forecast period. It is predicted to touch USD 5595.05 million at an 18.82% CAGR. This is owing to rising consumer’s inclination towards the use of advanced technology in their daily routine.
The smart kitchen appliances market in North America will have a healthy growth over the forecast period. It is predicted to touch USD 5906.78 million. This is owing to the accessibility of an array of smart kitchen appliances due to its convenient use, and rising focus on research and development that has led to innovations in kitchen appliances. These appliances are used through connected smartphones that make the cooking experience of the consumers hustle free.
Leading players profiled in the smart kitchen appliances market report include Etekcity Corporation, Lakeland Limited, Hestan Cue, Inc., Vorwerk Elektrowerke GmbH & Co. KG, Tovala, Samsung Electronics Co., Ltd., Whirlpool Corp., Robert Bosch GmbH, Hamilton Beach Brands, Inc., AB Electrolux, and Breville Group Ltd., among others.