According to a market report by Lucintel, the future of the smart kitchen appliances market looks promising with opportunities in the residential and commercial market. The global smart kitchen appliances market is expected to grow with a CAGR of 29% from 2019 to 2024. The major growth drivers for this market are The major growth drivers for this market are rising discretionary income of the people worldwide, growing awareness about energy-efficient and eco-friendly appliances, and high technological advancements in smart kitchen appliances.
In this market, smart refrigerators, smart dishwashers, smart ovens, smart cookware and cooktops, smart scales and thermometers are the major product segment. Smart refrigerator is the largest product type market.
North America will remain the largest market over the forecast period due to growing number of smart grid projects and changing preferences of consumers coupled with the subsequent rise in their purchasing power.
AB Electrolux, Whirlpool, Samsung, LG, Haier, Panasonic, Dongbu Daewoo, BSH, and Sub-Zero are among the major manufacturers of smart kitchen appliances.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart kitchen appliances market by product type, end use, distribution channel, and region. Lucintel has prepared a comprehensive research report entitled "Global Smart Kitchen Appliances Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global smart kitchen appliances market by product type, end use, distribution channel, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Smart Refrigerators
Smart Dishwashers
Smart Ovens
Smart Cookware and Cooktops
Smart Scales and Thermometers
Other Products (Kettles and Coffee Makers)
By End Use [$M shipment analysis for 2013 – 2024]:
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
United States
Canada
Mexico
United Kingdom
Germany
France
Italy
Spain
This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.