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The market for smart kitchen appliances in North America and Europe has grown steadily in recent years, and it is expected to reach USD 289.2 billion in North America and USD 5595.05 million in Europe by 2030. Europe, of the two regions, will experience a high growth rate of 6.1% during the predicted period. The North America and Europe smart kitchen appliances market is influenced by various factors contributing to its trends and growth in these regions. One key driver is the increasing adoption of smart home technologies. As consumers seek greater convenience and efficiency in their daily lives, smart kitchen appliances that offer connectivity, automation, and intelligent features become increasingly popular. The incorporation of smart technologies, in which IoT (Internet of Things) enables people to control and monitor their kitchen appliances remotely offers users an enriched kitchen lifestyle.
Demographics and lifestyle orientations contribute significantly to the development of the smart kitchen appliances market. The significant population with a high level of technical information and digital connectivity in North America and Europe, who are mostly urban dwellers and have a trait of innovation, is driving the increased demand for smart kitchen appliances. In these areas, consumers, especially those with busy lives, are the main market, as they highly appreciate the time-saving and energy-efficient features of smart appliances, thus expand the market.
Cultural direction and behavioral shifts are other critical factors that determine the smart kitchen appliances market. Emphasis on sustainability, energy efficiency and the passion for tech connected living align with the services provided by smart kitchen appliances. The adoption of smart technology into daily needs manifests a social change towards convenient tech-equipped home experiences, thus impacting consumers’ taste in this part of the world.
Competition within the smart kitchen appliances market, produces innovation and brings brands to distinct from each other. Numerous brands, ranging from established appliance manufacturers to emerging tech-focused labels, compete to offer unique features, designs, and connectivity options in their smart kitchen appliance offerings. This competitive landscape prompts smart kitchen appliance brands to continuously enhance their product portfolios, introducing new functionalities and addressing evolving consumer needs.
Smart Kitchen Appliances Market Highlights:
North America & Europe Smart Kitchen Appliances Market
The North America & Europe smart kitchen appliances market has witnessed continued demand during the last few years and is projected to reach USD 289.2 Billion in North America and USD 5595.05 Million in Europe by 2030. Among the two regions, Europe will witness a high growth rate of 6.1% during the given forecast period. Increasing consumer’s inclination towards the adoption of advanced technology into their daily routine is likely to drive the North America & Europe smart kitchen appliances market.
North America will continue to dominate the smart kitchen appliances market and is projected to grow at CAGR of 18.08% by 2030. Availability of wide range of smart kitchen appliances has increased the popularity due to convenience usage of smart kitchen appliances among consumers in developed regions. High focus on R & D has led to innovations in the appliances adding value to the final product. The appliances are now used with the help of connected smart phones which makes the consumers cooking experience hustle free. All these factors have a positive impact on the smart kitchen appliances market.
Based on the product-type available in smart kitchen appliances, intelligent pans will witness highest growth rate (18.87%) in North America and (~16.34) in Europe. By 2030, intelligent pans are anticipated to reach a market value of more than USD 200 Million in North America and Europe. Rising applications of intelligent pans for quick cooking of food products and also its integration to the smart phone which gives ‘one click’ cooking experience will support the growth of these appliances.
By 2030, residential application of smart kitchen appliances will dominate the applications and is evaluated to grow at a rate of 18.50% in Europe during the forecast period. Increasing demand for luxury cookware from the consumers’ end has a positive impact on this market.
On the basis of technology, wireless sensor networks will continue to dominate the smart kitchen appliances market holding a major share of more than 30% in both the regions. Fastest growing application of wireless technology will influence the positive growth of this market.
Owning to ‘one-stop shopping experience,’ store-based sale of smart kitchen appliances is found to dominate the market in Europe and North America. In Europe, Store-based sale is estimated to grow at a CAGR of 18.56% whereas, in North America, sale through store-based channels is estimated to grow at a CAGR of 17.88%.
Key Players
Some of the leading players in the North America & Europe smart kitchen appliances market primarily are: Breville Group Ltd., AB Electrolux, Hamilton Beach Brands, Inc., Robert Bosch GmbH, Whirlpool Corp., Samsung Electronics Co., Ltd., Tovala, Vorwerk Elektrowerke GmbH & Co. KG, Hestan Cue, Inc., Lakeland Limited, Etekcity Corporation
Target Audience
- Smart kitchen appliances manufacturers
- Smart ovens manufacturers
- Commercial industries
- Retailers and wholesalers
- Traders, importers and exporters
Key Findings
- North America & Europe smart kitchen appliances market is projected to reach more than USD 5,000 Million by 2030 at growth rate of 18.08% and 18.82% respectively
- Combination ovens will continue to dominate the smart kitchen appliances product-type segment with more than 20% market share
- Residential application will continue to dominate the smart kitchen appliances market with more than 50% market share, and it is projected to grow at a CAGR of 18.50% in Europe and 17.81% in North America by 2030
- Based on the technology, wireless sensor networks is expected to dominate in both the regions holding a market share of more than 30%
- Store based distribution and sale of smart kitchen appliance is projected to dominate the share in the North America and Europe smart kitchen appliances market
Regional and Country Analysis of Smart Kitchen Appliances market Development and the Demand Forecast till 2030 Market
As per the MRFR analysis, the North America and Europe market for smart kitchen appliances have been witnessing continued demand during the last few years and is projected to reach USD 5906.78 million in North America and USD 5595.05 million in Europe by 2030. North America region is estimated to dominate the smart kitchen appliances market holding the lion’s share of more than 50%. However, Europe will witness the highest growth rate of 18.82% in the global smart kitchen appliances market.
Study Objectives of Smart Kitchen Appliances Market
- Detailed analysis for individual micro and macro markets for smart kitchen appliances
- To estimate market size by product-Type, Application, 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 the U.S., Spain, the U.K., France, and others
- Company profiling of major players and 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
The reports also cover country-level analysis:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
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