What Has Been the Growth Trajectory for the Smart Kitchen Appliances Market in Recent Years?
The smart kitchen appliances market has seen considerable growth due to a variety of factors.
• The market size for smart kitchen appliances has seen substantial growth lately. From $25.16 billion in 2024, it is expected to increase to $29.77 billion in 2025, indicating a compound annual growth rate (CAGR) of 18.3%.
Factors like lifestyle changes, population growth, rising interest in home remodelling, expanding emerging markets, and an uplift in the construction sector have contributed to this expansion during the historical period.
How Does the Forecast Look for the Smart Kitchen Appliances Market?
The smart kitchen appliances market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience accelerated expansion in the forthcoming years, the market size for smart kitchen appliances is predicted to reach $57.04 billion by 2029, with a compound annual growth rate (CAGR) of 17.7%.
The upswing during the projection period can be linked to escalated smart home incorporation, swelling urbanisation, increased disposable income, and heightened demand for energy efficiency. Dominant trends for the forecast duration encompass voice-directed appliances, augmented reality (AR) cooking guidance, health and nutrition surveillance, compact and multi-utility appliances, along with touchless and sanitary features.
What Are The Leading Drivers Of Growth In The Smart Kitchen Appliances Market?
The surge in desire for technologically advanced and intelligent culinary devices is a notable factor driving the growth of the market for smart kitchen appliances. The emergence of the COVID-19 pandemic, the subsequent lockdowns, and greater accessibility to smartphones and wireless services have facilitated the rise in demand for smart kitchen appliances. For example, research from security.org indicates that 32% of US homes have smart home technology available, and this percentage is predicted to reach 57% by 2025. Data also suggests that 80 million US homes, which equates to 64% of the sample, plan to acquire a new kind of smart home gadget within the upcoming year. As such, the mounting demand for advanced and intelligent culinary devices will influence the expansion of the human smart kitchen appliances market.
How Are The Segments Defined Within The Global Smart Kitchen Appliances Market?
The smart kitchen appliances market covered in this report is segmented –
1) By Product: Smart Refrigerators, Smart Cookware and Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances
2) By Sales Channel: Indirect Sales Channel, Direct Sales Channel
3) By Application: Residential, Commercial
Subsegments:
1) By Smart Refrigerators: Wi-Fi Enabled Refrigerators, Smart French Door Refrigerators, Smart Side-by-Side Refrigerators
2) By Smart Cookware and Cooktops: Smart Pressure Cookers, Smart Slow Cookers, Smart Induction Cooktops
3) By Smart Dishwashers: Wi-Fi Enabled Dishwashers, Sensor-Based Dishwashers, Smart Compact Dishwashers
4) By Smart Ovens: Smart Convection Ovens, Smart Wall Ovens, Smart Toaster Ovens
5) By Other Appliances: Smart Coffee Makers, Smart Blenders, Smart Food Processors
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How Are New Trends Expected To Influence The Growth Of The Smart Kitchen Appliances Market?
The smart kitchen appliance market is experiencing an emerging trend of technological innovation. To bolster their unique product range and solidify their market presence, the market's leading participants are emphasizing the development of breakthrough kitchen appliances backed by advanced technologies such as machine learning. For example, Bosch, a world-renowned German engineering and technology company, introduced the Bosch Series 8 accent line sensor oven - an intelligent oven equipped with Artificial Intelligence. Utilizing a machine learning system, this smart oven uses a neural network to detect patterns in data and form smart predictions, including the duration needed for baking or cooking.
Who Are the Key Players in the Smart Kitchen Appliances Market?
Major companies operating in the smart kitchen appliances market include:
• Whirlpool Corporation
• LG Electronics Inc.
• Electrolux AB
• Samsung Electronics Co. Ltd.
• Haier Group Corporation
• Panasonic Corporation
• Breville Group Limited
• Miele & Cie. KG
• Koninklijke Philips N.V.
• BSH Hausgeräte GmbH
• General Electric Appliances Company
• Siemens AG
• Sharp Corporation
• Toshiba Corporation
• Hitachi Ltd.
• Groupe SEB SA
• De'Longhi S.p.A.
• Kenwood Limited
• Morphy Richards Limited
• TefalCo.
• Smarter Applications Ltd.
• Drop Servicing
• June Life Inc.
• Tovala Inc.
• Bartesian LLC
• MEATER Inc.
• Plumis Inc.
• Lumitics Pte. Ltd.
• CapSen Robotics Inc.
• Fitly Inc.
What Is The Most Dominant Region In The Smart Kitchen Appliances Market?
North America was the largest region in the smart kitchen appliances market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart kitchen appliances market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
