Brazil Smart Kitchen Appliances Market Size & Outlook
Brazil smart kitchen appliances market, 2017-2030 (US$M)
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Brazil smart kitchen appliances market highlights
- The Brazil smart kitchen appliances market generated a revenue of USD 707.1 million in 2022 and is expected to reach USD 2,260.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 15.6% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Cookware & Cooktops is the most lucrative product segment registering the fastest growth during the forecast period.
Smart kitchen appliances market data book summary
| Market revenue in 2022 | USD 707.1 million |
| Market revenue in 2030 | USD 2,260.7 million |
| Growth rate | 15.6% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Cookware & Cooktops |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 4.5% of the global smart kitchen appliances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil smart kitchen appliances market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America 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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Brazil 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 35.3% in 2022. Horizon Databook has segmented the Brazil 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.
Renovation cards issued by the government are helping consumers improve their homes, which is expected to be a major driver for the smart kitchen appliances market in the future. Renovation activities account for up to USD 5,000 per family throughout the country, as of 2020.
These cards are used for home renovations expansion or completion of unfinished homes selected by municipal governments. This is a potential factor to augment the demand for smart kitchen products in the residential segment in Brazil.
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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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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 country-level data and insights on the Brazil smart kitchen appliances market , including forecasts for subscribers. This country databook contains high-level insights into Brazil smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil smart kitchen appliances market size, by product, 2017-2030 (US$M)
Brazil Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)
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