North America Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Cookware & Cooktops), By Application (Residential, Commercial), By Country, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The North America smart kitchen appliances market size was estimated at USD 6.11 billion in 2023 and it is expected to grow at a compound annual growth rate (CAGR) of 18.3% from 2024 to 2030. This projected growth can be attributed to growing adoption of technologically advanced kitchen appliances in both commercial and residential settings, increasing work hours and time spent in travel resulting in lesser time available for cooking and related activities. The cost-effective smart kitchen appliances offered by key market companies attract customers from different sorts of backgrounds and households. Penetration of IoT technology is also contributing to the rising demand for smart kitchen appliances.

North America smart kitchen appliances market accounted for 32.60% of global smart kitchen appliances market revenue in 2023.The technological progress in terms of manufacturing of kitchen appliances, features of appliances commonly used in commercial kitchens, growing need of time-saving techniques in cooking and other food related activities, attempt of hotels and restaurants to reduce the human effort and involvement to minimize the errors and reach desired quality standards are some of the key aspects that have been fuelling the growth for North America smart kitchen appliances market.

In addition, increasing number of customers have been buying smart kitchen appliances after pandemic period. The growing adoption of smart appliances in order to reduce the effort and time required for the cooking has become trend is the region. Word of mouth, aggressive marketing strategies adopted by the companies and easy availability coupled with doorstep delivery of these smart appliances through online retailers are few more factors, which are encouraging customers to use smart kitchen appliances. Many are buying one of the different alternatives, using it and then adopting the similar appliances made for other processes. The experience after first purchase of smart kitchen appliances is one of the key driving factors for growing demand in this market.

Awareness regarding use of sustainable products and eco-friendly procedures has also been encouraging users to adopt more and more of such appliances. Convenience offered by these appliances adds such a value to the experiences that cannot be matched by any other solution but use of technology only. In addition, busy commercial spaces prefer use of smart kitchen appliances in order to reduce time consumed for cooking and enhance service delivery time. Seamless experience by teams working in kitchen is assisting them to deliver more in lesser time, which in turn, has been leading to growing adoption smart kitchen appliances in hotels and restaurants.

Market Concentration & Characteristics

The North American smart kitchen appliances market is growing at accelerating pace and the growth stage is identified as high. This market is comprised of many companies, which have been in the business of manufacturing kitchen appliances since a long time, and then using innovation, entered the smart appliances market while expanding their portfolio. Furthermore, market is characterised by existence of absolute new entrants as well, who have gaining attention from customers in recent past. In addition, market leaders in other markets such as Amazon have also been part of this industry effectively.

The degree of innovation is high in the industry. Inventions are fundamentals for growth of this market. Technologies such as Internet of Technology (IoT), cloud-to-cloud connectivity, power management, voice commands, smart screen, wireless connectivity modules and embedded sensors are used in these devices, which are developed with the help of innovation.

The level of M&A (mergers & acquisitions) is identified as moderate. Often, established global companies have been acquiring other market participants from different regions. For instance, New Avon, LLC, (Avon North America) was acquired by LG Household & Health Care (LG H&H) in April 2019 through a deal worth $125 million in cash.

Threat of substitute for this market is only presence of counterfeit goods. These goods are lesser in terms of quality and generally sold at lower prices across the marketplaces. However, the cutting technology used by the bigger brands cannot be imitated that easily, which reduces the risks of threat substantially.

Impact of regulations on the market is also at moderate level. Involvement of connectivity, use of electrical energy, presence of complicated technology driving hardware and few other factors lead to a scenario where manufacturers have to adhere with stringent safety norms regarding production of the appliances, IEC Power Standards, creepage requirements, and clear labelling among others.

Product Insights

The smart cookware & cooktops market in North America held a revenue share of 34.09% in 2023. The cookware & cooktops are equipped with technologies such as electromagnetics, scan-to-cook, EZ-2-lift hinged cast-iron grates, voice control, fingerprints and smudge resistant finishes. These smart cookware and cooktops are widely used in commercial kitchens mainly owing to the food they need to prepare in larger quantities and lesser time.

North America smart ovens market is expected to grow at CAGR of 18.9% from 2024 to 2030. Technologies used by manufacturers in making of smart ovens include self-cleaning, different cooking modes, Built-in Air Fry, touch control, voice control, Wi-Fi connectivity, intuitive lighting guide controls and more. Use of such technologies have been attracting more number of buyers for smart ovens in the region.

Application insights

The residential smart kitchen appliances market in North America held revenue share of 62.33% in 2023. This industry is gaining more attention from residential users as compared to commercial buyers. These smart appliances are generally made in smaller sizes and made for smaller quantities. The processes involved in commercial kitchens are characterized by larger quantities, higher amounts of heat and energy consumption.

North American smart kitchen appliances market for commercial applications is expected to grow at CAGR of 17.8% from 2024 to 2030. This mainly involves buyers such as hotels, cloud or central kitchen businesses, hotels, restaurants, offices, food service vendors, and others. Adoption of smart appliances in kitchens of these places can lead to reduction of wastage, enhancement of processes and improved results in terms of service delivery.

Country Insights

U.S. Smart Kitchen Appliances Market Trends

Smart kitchen appliances market in the U.S. accounted for revenue share of 78.35% in 2023. This premium range product out of wide range of smart kitchen appliances is now being purchased by many residents as well as commercial buyers. The size of these refrigerators varies from type to type and from maker to maker. This smart appliance is primarily made for increased convenience and smart monitoring of the contents in it. Most of the people, United States have been experiencing long work hours since many decades and the work culture has been a force which influences the lifestyles of residents. This also is one of the key reasons behind increased adoption of smart appliances in the U.S.

Canada Smart Kitchen Appliances Market Trends

Canada smart kitchen appliances market is expected to grow at CAGR of 17.65% from 2024 to 2030. The projected growth can be attributed to increased convenience offered by the smart appliances, presence of companies which offer wide range of products equipped with such technologies, unceasing urbanization and increased disposable income of the residents. The Canada market for smart kitchen appliances is also driven by increased awareness regarding consumption of nutrients and protein rich food while adopting the advanced technology to maintain the routines set for such dietary preferences.

 Key North America Smart Kitchen Appliances Company Insights

The market is fragmented in nature with presence of many brands and companies operating in the same space, including similar technologies, and catering to same set of audiences. This industry consists of both established companies as well as new entrants.

• Whirlpool Corporation, one of the global leaders in home appliances business, have been important market participant of this industry even before invention of smart technologies. The brand is well known across the world and is currently headquartered in Benton Charter Township, Michigan, United States. In North America, the company markets its products under brand names such as Whirlpool, Kitchen Aid, Maytag, JennAir, and Gladiator.

• The popular brand from South Korea has its North American subsidiary based in Englewood Cliffs, N.J. and operates as LG Electronics USA, Inc.

Recent Developments

• In September 2023, LG Electronics USA, Inc. launched new line of 4-door standard-depth max refrigerators, which were equipped with features such as enhanced capacity, convert drawer, dual door handles and more. In addition, it had smudge and fingerprint proof finishes.

• In February 2024, one of the market leaders in smart kitchen appliances, Whirlpool and BORA announced that they are collaborating to introduce the best induction downdraft technology induction downdraft cooktops in North America market by 2025.

North America Smart Kitchen Appliances Market Report Scope 

North America Smart Kitchen Appliances Market Report Segmentation

This report forecasts revenue growth at regional & country levels and analyzes the latest industry trends and opportunities in each sub-segment from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the North America smart kitchen appliances market based on product, application, and country:

• Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Smart Refrigerators

  • Smart Cookware & Cooktops

  • Smart Dishwashers

  • Smart Ovens

  • Other Appliances

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential

  • Commercial

• Country Outlook (Revenue, USD Billion, 2018 - 2030)

  • U.S.

  • Canada

  • Mexico