Asia Pacific Smart Kitchen Appliances Market Size & Outlook
Asia Pacific smart kitchen appliances market, 2017-2030 (US$M)
Related Markets
Asia Pacific smart kitchen appliances market highlights
- The Asia Pacific smart kitchen appliances market generated a revenue of USD 4,520.4 million in 2022.
- The market is expected to grow at a CAGR of 20.4% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Ovens is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 4,520.4 million |
| Market revenue in 2030 | USD 19,895.3 million |
| Growth rate | 20.4% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Ovens |
| 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 |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Samsung Electronics Co Ltd, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Bosch, Breville Group Ltd, Miele, Daewoo International |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.8% of the global smart kitchen appliances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,258.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 32.82% in 2022. Horizon Databook has segmented the Asia Pacific 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.
The presence of well-established appliance manufacturers in Asia is expected to drive the smart kitchen appliances market in Asia Pacific. In May 2021, Samsung organized ‘Bespoke Home’ to celebrate the global expansion of its customizable refrigerator lineup.
The rapid adoption of smart refrigerators has been driving the growth of smart kitchen appliances in the region. Product manufacturers in the region can be seen expanding their operations and offerings across the globe.
The commercial application of smart kitchen appliances is expected to experience rapid growth over the forecast period. The hotel industry has witnessed significant growth owing to the growth of the travel & tourism sector across Asia Pacific.
Reasons to subscribe to Asia Pacific smart kitchen appliances market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific smart kitchen appliances market databook
-
Our clientele includes a mix of smart kitchen appliances market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart kitchen appliances market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific smart kitchen appliances market size, by country, 2017-2030 (US$M)
Asia Pacific Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
