Global smart kitchen appliances market is expected to register a healthy CAGR of 18.76% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant increases in the purchasing power of individuals as well as better efficiency of these devices promoting convenience in the kitchen.
The Major players profiled in this report include Electrolux; SAMSUNG; Whirlpool; LG Electronics; BSH Home Appliances Corporation; Panasonic Corporation; Haier Inc.; Miele & Cie. KG; Daewoo Electronics; Sub-Zero Group, Inc.; Midea Group; Anova Applied Electronics, Inc.; Hangzhou Robam Electric Co.; Behmor, Inc.; Belkin International, Inc.; Nutribullet.com and June Life Inc. among others.
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Competitive Rivalry-: The Smart Kitchen Appliances report incorporates the detailed analysis of the leading organizations and their thought process and what are the methodologies they are adopting to maintain their brand image in this market. The report aides the new bees to understand the level of competition that they need to fight for to strengthen their roots in this competitive market.
Conducts Overall SMART KITCHEN APPLIANCES Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of –
- By Product (Ovens, Dishwashers, Refrigerators, Cookware & Cooktops, Scale & Thermometers, Others),
- End-User (Residential, Commercial),
- Distribution Channel (Offline Retail Stores, Commercial Retail Stores)
The SMART KITCHEN APPLIANCES report covers market shares for global, Europe, North America, Asia Pacific and South America. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.
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Smart kitchen appliances are smart consumer electronic goods that are wirelessly connected to smartphones and other smart devices with the help of either internet/Wi-Fi or Bluetooth. This interconnectivity provides users with the ability to give out commands to these appliances, operational monitoring, and also tracking their performance efficiency. These devices promote greater energy savings, reduce the wastage of resources while also providing better operational performance.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Highlights following MARKET DRIVERS AND RESTRAINT:
- Advancements of operational technologies as well as their development is also expected to augment growth of the market
- Increasing adoption of these devices due to the significant awareness and marketing activities conducted by various manufacturers is also expected to augment growth of the market
- Large costs of these devices as compared to conventional products is expected to restrict the growth of the market
- Significant maintenance and repairing costs, if the products are not functioning properly is also expected to restrain the growth of the market
Key Developments in the Market:
In May 2019, BSH Home Appliances Corporation announced that they had made a strategic investment in “Chefling”, a provider of smart kitchen solutions based on AI-platform. This investment will help BSH in providing their existing customers with smart kitchen appliances and needs as per their requirement. The consumer goods will help organise the inventory, suggest recipes, organize the budgets according to taste preferences. This investment will accelerate the rate of development and commercialization of these goods
In August 2018, Electrolux announced that they had expanded their partnership with Google for the integration of kitchen appliances with connected technologies and smart solutions. These products will be available in the European region and will be integrated with “Google Assistant” helping the consumers give out voice commands and commercialization will begin in early 2019
There are 13 Chapters to thoroughly display the Smart Kitchen Appliances market.
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 Smart Kitchen Appliances market Size by Regions
6 Sales Channel, Distributors, Traders and Dealers
7 North America Smart Kitchen Appliances Revenue by Countries
8 Europe Smart Kitchen Appliances Revenue by Countries
9 Asia-Pacific Smart Kitchen Appliances Revenue by Countries
10 South America Smart Kitchen Appliances Revenue by Countries
11 Middle East and Africa Revenue Smart Kitchen Appliances by Countries
12 International Players Profiles
13 Market Forecast 2019-2026
14 Analyst’s Viewpoints/Conclusions
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