DUBLIN--(BUSINESS WIRE)--The "Global Smart Kitchen Appliance Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The smart kitchen appliance market will register a CAGR of close to 23% by 2023.
Advent of multi-cooking functionalities in smart cooking appliances to push demand for the market. For customer convenience, vendors focus on providing cooking appliances equipped with wireless technology for smart remote access. Multi-cooking functionalities are one of the deciding factors for customers opting for smart cooking appliances.
The latest trend gaining momentum in the market is the advent of multi-cooking functionalities in smart cooking appliances. According to the report, one of the major drivers for this market is the rising demand for premium innovative appliances. Further, the report states that one of the major factors hindering the growth of this market is the high product price limiting consumer adoption in low- and middle-class population.
Market Overview
Growing demand for premium innovative appliances
Growing innovation and technological advances have changed consumer preferences and propelled the demand for innovative products.
High product price limiting consumer adoption in low-and middle-class population
Smart kitchen appliances are expensive as compared to regular cooking appliances due to the integration of wireless technology and smart features.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Samsung Electronics and Whirlpool Corporation, the competitive environment is quite intense. Factors such as the rising demand for premium innovative appliances and the advent of multi-cooking functionalities in smart cooking appliances, will provide considerable growth opportunities to smart kitchen appliance manufactures.
Haier Group, LG Electronics, Robert Bosch, Samsung Electronics, and Whirlpool Corporation are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Comparison by product
- Smart large cooking appliance
-
Smart refrigerator
- Smart small cooking appliance
-
Smart dishwasher
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Comparison by distribution channel
-
Offline
-
Online
- Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
- Increased adoption of modular kitchen
- Advent of multi-cooking functionalities in smart cooking appliances
- Integration with voice-controlled personal assistants
- Other trends
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Haier Group
- LG Electronics
- Robert Bosch
- Samsung Electronics
-
Whirlpool Corporation
For more information about this report visit https://www.researchandmarkets.com/research/cdt6xd/global_smart?w=4
