Europe Smart Kitchen Appliances Market Size & Outlook

The smart kitchen appliances market in Europe is expected to reach a projected revenue of US$ 14,171.5 million by 2030. A compound annual growth rate of 16.3% is expected of Europe smart kitchen appliances market from 2023 to 2030.
Revenue, 2022 (US$M)
$4,230.4
Forecast, 2030 (US$M)
$14,171.5
CAGR, 2023 - 2030
16.3%
Report Coverage
Europe

Europe smart kitchen appliances market highlights

  • The Europe smart kitchen appliances market generated a revenue of USD 4,230.4 million in 2022.
  • The market is expected to grow at a CAGR of 16.3% 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.
  • Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.


Europe data book summary

Market revenue in 2022USD 4,230.4 million
Market revenue in 2030USD 14,171.5 million
Growth rate16.3% (CAGR from 2022 to 2030)
Largest segmentSmart refrigerators
Fastest growing segmentSmart Cookware & Cooktops
Historical data covered2017 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSmart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances
Key market players worldwideWhirlpool 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, Europe region accounted for 27.0% 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.

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Smart Kitchen Appliances Market Scope

Smart kitchen appliances market segmentation & scope
Smart Refrigerators
Smart Cookware & Cooktops
Smart Dishwashers
Smart Ovens
Other Appliances
Residential
commercial

Smart Kitchen Appliances Market Companies

Name Profile # Employees HQ Website

Europe 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 34.21% in 2022. Horizon Databook has segmented the Europe 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.


Working professionals in the region have less time to cook owing to their busy schedules. Moreover, several health-conscious consumers want to avoid outside food and are cooking at home. Hence, key players in the market are launching new products focused on consumer convenience.

For instance, in September 2020, Prestige, a brand owned by Meyer Group, launched the smart frying pan ‘Thermo Smart’ for the U.K. market. This frying pan comes with a smart heat indicator that turns from black to green when the pan is hot enough to start cooking.

Spending on quick service restaurants (QSRs) has risen in all of Europe's major foodservice markets, including the U.K., France, Germany, Italy, and Spain. According to Food Service, International News stats for the HoReCa sector, the QSR segment increased by 10.9% in the region in 2020.

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Target buyers of Europe smart kitchen appliances market databook

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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe smart kitchen appliances market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Europe smart kitchen appliances market size, by country, 2017-2030 (US$M)

Europe Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)

Europe smart kitchen appliances market size, by country, 2017-2030 (US$M)

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