Published Date: 20-Aug-2020
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Smart Dishwasher Market, published by KBV research, The Global Smart Dishwasher Market size is expected to reach $5.3 billion by 2026, rising at a market growth of 14.4% CAGR during the forecast period.
The household application segment dominated the Global Smart Dishwasher market. The segment is expected to experience a substantial growth. The high penetration of this segment is due to a rising number of buyers of homes equipped with smart home technology.
The commercial segment is expected to follow the household segment in terms of market share and is estimated to have the fastest growth rate over the forecast period. The growth of this segment is due to the rapid development of the commercial market, in particular hotels, cafes, and restaurants, which are commonly used by smart dishwashers as effective and easily clean dishes with less water usage.
In terms of revenue, the free-standing dishwasher segment had a substantial market share. This segment of the company is expected to rise with a substantial growth over the forecast period. The built-in dishwasher is expected to record the highest growth. The growth of this category is due to its advanced features compared to stand-alone versions, including several tailored wash cycles, spray arms, and targeted sprays for hard-to-clean products such as dishes or pans.
Europe dominated the industry by accounting for a dominant market share. Increasing penetration of smart households, as well as several kitchen and home remodeling projects in the regions, is expected to fuel the demand for smart dishwashers over the forecast period. In Europe, Germany is expected to remain dominant and to experience a substantial CAGR over the forecast era. The North America market is expected to witness a CAGR of 13.4% during (2020 - 2026). Additionally, The Asia Pacific market showcases highest growth rate of 15.9% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/smart-dishwasher-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, LG Electronics, Inc. (LG Corporation), Samsung Electronics Co., Ltd. (Samsung Group), Whirlpool Corporation, Panasonic Corporation, Arcelik Group, Haier Group Corporation, Miele & Cie. KG, Electrolux AB, and SMEG S.p.A.
Unique Offerings from KBV Research