China Smart Kitchen Appliances Market Size & Outlook
Related Markets
China smart kitchen appliances market highlights
- The China smart kitchen appliances market generated a revenue of USD 1,729.4 million in 2022 and is expected to reach USD 8,111.6 million by 2030.
- The China market is expected to grow at a CAGR of 21.3% 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.
Smart kitchen appliances market data book summary
| Market revenue in 2022 | USD 1,729.4 million |
| Market revenue in 2030 | USD 8,111.6 million |
| Growth rate | 21.3% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Ovens |
| 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, China accounted for 11.0% 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 Asia Pacific, China smart kitchen appliances market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,111.6 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 |
|---|---|---|---|---|
| Daewoo International | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.daewoo.com |
| Miele | View profile | 10001+ | Gütersloh, Nordrhein-Westfalen, Germany, Europe | http://www.miele.com |
| Breville Group Ltd | View profile | 452 | 170-180 Bourke Road, Ground Floor, Suite 2, Alexandria, Sydney, NSW, Australia, 2015 | https://www.brevillegroup.com.au |
| Whirlpool Corp | View profile | 59000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | https://www.whirlpoolcorp.com |
| Haier Smart Home Co Ltd ADR | View profile | 112458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | https://smart-home.haier.com/cn |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
China 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 33.45% in 2022. Horizon Databook has segmented the China 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 smart kitchen appliances market in China is driven by major regional firms with an international presence. These manufacturers are launching cutting-edge appliances that are increasingly being adopted in the country. Although the growing demand for premium, innovative appliances will provide lucrative growth opportunities, high installation costs limit the market participants' growth.
To build a competitive advantage, the companies in the smart kitchen appliances market are focusing on fast-growing categories like smart refrigerators, ovens, cooktops, and more while maintaining their position in slow-growing areas.
Reasons to subscribe to China 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 China 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 country-level data and insights on the China smart kitchen appliances market , including forecasts for subscribers. This country databook contains high-level insights into China smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China smart kitchen appliances market size, by product, 2017-2030 (US$M)
China Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)
Related 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
