Global Smart Kitchen Appliances Market Size & Outlook
Global smart kitchen appliances market, 2017-2030 (US$M)
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Global smart kitchen appliances market highlights
- The global smart kitchen appliances market generated a revenue of USD 15,677.8 million in 2022 and is expected to reach USD 60,199.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 18.3% by 2030.
- In terms of segment, smart refrigerators accounted for a revenue of USD 5,287.4 million in 2022.
- Smart Cookware & Cooktops is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 15,677.8 million |
| Market revenue in 2030 | USD 60,199.4 million |
| Growth rate | 18.3% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Cookware & Cooktops |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances |
Other key industry trends
- In terms of revenue, the North America accounted for 32.9% of the global smart kitchen appliances market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 2,260.7 million by 2030.
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Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global smart kitchen appliances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart kitchen appliances market will help companies and investors design strategic landscapes.
smart refrigerators was the largest segment with a revenue share of 33.73% in 2022. Horizon Databook has segmented the Global smart kitchen appliances market based on smart refrigerators, smart cookware & cooktops, smart dishwashers, smart ovens, other appliances covering the revenue growth of each sub-segment from 2017 to 2030.
Consumers are increasingly investing in home improvement or home remodeling projects to update their traditional household structure as a result of increased expenditures associated with housing prices and mortgage rates. Rising home values have doubled homeowner equity from 2014 to 2019.
Although the COVID-19 pandemic resulted in a temporary slowdown in April 2020, home prices have been preserved and have, in fact, thrived due to record-low mortgage rates and inventory across the U.S. According to a CoreLogic report, U.S. homeowners gained USD 9,800 at the end of Q2 2020, an increase of 6.6% year-over-year.
The growing home values have doubled homeowner equity, indicating a trend of homeowners feeling richer and more disposed toward spending on home improvement projects. According to Houzz, an online home remodeling platform, project leads for home professionals reported a 58% uptick as of June 2020, compared to the same period in 2019.
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Our clientele includes a mix of smart kitchen appliances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart kitchen appliances market , including forecasts for subscribers. This global databook contains high-level insights into Global smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart kitchen appliances market outlook statistics, by region, 2017-2030 (US$M)
Top 10 countries: Smart kitchen appliances market size, 2022 (USD Million)
Top 10 countries: Smart kitchen appliances market size, 2022 (USD Million)
Global smart kitchen appliances market, by region, 2022 (US$M)
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