China Smart Kitchen Appliances Market Size & Outlook
China smart kitchen appliances market, 2017-2030 (US$M)
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.
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Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
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Target buyers of China smart kitchen appliances market databook
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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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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.
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China smart kitchen appliances market size, by product, 2017-2030 (US$M)
China Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)
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