The North America Smart Kitchen Appliances Market would witness market growth of 16.4% CAGR during the forecast period (2021-2027).
Smart kitchen appliances comprise a wide range of appliances like smart cookware, smart refrigerators, smart cooktops, dishwashers, smart electric kettles, smart coffee makers, and many others. These appliances use the latest technologies like IoT and AI to provide various features and benefits. The technological advancement taking place across the world is fueling the demand for smart kitchen appliances. In addition, several benefits of these appliances like cost-effectiveness would attract more customers towards its adoption, which is estimated to surge the growth of the smart kitchen appliances market over the forecast period.
The ongoing development and innovations within the kitchen appliance industry are attracting customers to adopt more technically advanced appliances. In this modern world, everything is getting linked to technology and thus, making technology a crucial aspect of life. The shifting lifestyle of the customers is contributing to the growth of the regional smart kitchen appliances market. The high adoption rate of technologically advanced products is boosting the demand for these products.
In addition, the increasing popularity of connected home devices like dryers, dishwashers, and refrigerators, is supporting the growth of the regional market. Though, built-in connectivity is a specific characteristic in big kitchen appliances in the US, there is an increase in smart assistant speakers recorded in this region. For instance, Whirlpool combined technological advancement in selected kitchen appliances, which is added to the Smart Home Line.
There is a shift in the trend among consumers towards the adoption of compact single households and combined kitchen designs that would support the development of smart kitchens. Along with convenience and easy management, smart kitchen appliances would fulfil sustainability purposes. For instance, in connected household appliances, consumers can store their shopping list and can also check what is in the refrigerator and what they need to buy by using a smartphone.
The US market dominated the North America Commercial Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,840.7 million by 2027. The Canada market is experiencing a CAGR of 19.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 18.5% during (2021 - 2027).
Based on Product, the market is segmented into Smart Refrigerators, Smart Cookware and Cooktops, Smart Ovens, Smart Dishwashers, and Other Products. Based on Applications, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Kitchen Appliances Market is Estimated to Reach USD 33.3 Billion by 2027 at a CAGR of 17.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BSH HausgerÄte GmbH, Whirlpool Corporation, Miele & Cie. KG, LG Electronics, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Koninklijke Philips N.V., GE Appliances, a Haier Company, Electrolux AB, and Daewoo Electronics Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Smart Refrigerators
- Smart Cookware and Cooktops
- Smart Ovens
- Smart Dishwashers,
- Other Products
By Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- BSH Hausgeräte GmbH
- Whirlpool Corporation
- Miele & Cie. KG
- LG Electronics, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- Koninklijke Philips N.V.
- GE Appliances, a Haier Company
- Electrolux AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Kitchen Appliances Market, by Product
1.4.2 North America Smart Kitchen Appliances Market, by Application
1.4.3 North America Smart Kitchen Appliances Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. North America Smart Kitchen Appliances Market by Product
4.1 North America Smart Refrigerators Market by Country
4.2 North America Smart Cookware and Cooktops Market by Country
4.3 North America Smart Ovens Market by Country
4.4 North America Smart Dishwashers Market by Country
4.5 North America Other Product Market by Country
Chapter 5. North America Smart Kitchen Appliances Market by Applications
5.1 North America Residential Market by Country
5.2 North America Commercial Market by Country
Chapter 6. North America Smart Kitchen Appliances Market by Country
6.1 US Smart Kitchen Appliances Market
6.1.1 US Smart Kitchen Appliances Market by Product
6.1.2 US Smart Kitchen Appliances Market by Applications
6.2 Canada Smart Kitchen Appliances Market
6.2.1 Canada Smart Kitchen Appliances Market by Product
6.2.2 Canada Smart Kitchen Appliances Market by Applications
6.3 Mexico Smart Kitchen Appliances Market
6.3.1 Mexico Smart Kitchen Appliances Market by Product
6.3.2 Mexico Smart Kitchen Appliances Market by Applications
6.4 Rest of North America Smart Kitchen Appliances Market
6.4.1 Rest of North America Smart Kitchen Appliances Market by Product
6.4.2 Rest of North America Smart Kitchen Appliances Market by Applications
Chapter 7. Company Profiles
7.1 BSH Hausgeräte GmbH (Robert Bosch Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.2 Whirlpool Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.3 Miele & Cie. KG
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Product Launches and Product Expansions:
7.4 LG Electronics, Inc. (LG Corporation)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent Strategies and Developments:
7.4.5.1 Partnerships, Collaborations and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.5 Samsung Electronics Co., Ltd. (Samsung Group)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent Strategies and Developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Panasonic Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.6 SWOT Analysis
7.7 Koninklijke Philips N.V.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 GE Appliances, a Haier Company
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Product Launches and Product Expansions:
7.9 Electrolux AB
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.9.2.3 Acquisition and Mergers:
7.10. Daewoo Electronics Corporation
7.10.1 Company Overview
TABLE 1 North America Smart Kitchen Appliances Market, 2017 - 2020, USD Million
TABLE 2 North America Smart Kitchen Appliances Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Kitchen Appliances Market
TABLE 4 Product Launches And Product Expansions– Smart Kitchen Appliances Market
TABLE 5 Acquisition and Mergers– Smart Kitchen Appliances Market
TABLE 6 North America Smart Kitchen Appliances Market by Product, 2017 - 2020, USD Million
TABLE 7 North America Smart Kitchen Appliances Market by Product, 2021 - 2027, USD Million
TABLE 8 North America Smart Refrigerators Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Smart Refrigerators Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Smart Cookware and Cooktops Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Smart Cookware and Cooktops Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Smart Ovens Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Smart Ovens Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Smart Dishwashers Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Smart Dishwashers Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Other Product Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Other Product Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Smart Kitchen Appliances Market by Applications, 2017 - 2020, USD Million
TABLE 19 North America Smart Kitchen Appliances Market by Applications, 2021 - 2027, USD Million
TABLE 20 North America Residential Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Residential Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Commercial Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Commercial Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Smart Kitchen Appliances Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Smart Kitchen Appliances Market by Country, 2021 - 2027, USD Million
TABLE 26 US Smart Kitchen Appliances Market, 2017 - 2020, USD Million
TABLE 27 US Smart Kitchen Appliances Market, 2021 - 2027, USD Million
TABLE 28 US Smart Kitchen Appliances Market by Product, 2017 - 2020, USD Million
TABLE 29 US Smart Kitchen Appliances Market by Product, 2021 - 2027, USD Million
TABLE 30 US Smart Kitchen Appliances Market by Applications, 2017 - 2020, USD Million
TABLE 31 US Smart Kitchen Appliances Market by Applications, 2021 - 2027, USD Million
TABLE 32 Canada Smart Kitchen Appliances Market, 2017 - 2020, USD Million
TABLE 33 Canada Smart Kitchen Appliances Market, 2021 - 2027, USD Million
TABLE 34 Canada Smart Kitchen Appliances Market by Product, 2017 - 2020, USD Million
TABLE 35 Canada Smart Kitchen Appliances Market by Product, 2021 - 2027, USD Million
TABLE 36 Canada Smart Kitchen Appliances Market by Applications, 2017 - 2020, USD Million
TABLE 37 Canada Smart Kitchen Appliances Market by Applications, 2021 - 2027, USD Million
TABLE 38 Mexico Smart Kitchen Appliances Market, 2017 - 2020, USD Million
TABLE 39 Mexico Smart Kitchen Appliances Market, 2021 - 2027, USD Million
TABLE 40 Mexico Smart Kitchen Appliances Market by Product, 2017 - 2020, USD Million
TABLE 41 Mexico Smart Kitchen Appliances Market by Product, 2021 - 2027, USD Million
TABLE 42 Mexico Smart Kitchen Appliances Market by Applications, 2017 - 2020, USD Million
TABLE 43 Mexico Smart Kitchen Appliances Market by Applications, 2021 - 2027, USD Million
TABLE 44 Rest of North America Smart Kitchen Appliances Market, 2017 - 2020, USD Million
TABLE 45 Rest of North America Smart Kitchen Appliances Market, 2021 - 2027, USD Million
TABLE 46 Rest of North America Smart Kitchen Appliances Market by Product, 2017 - 2020, USD Million
TABLE 47 Rest of North America Smart Kitchen Appliances Market by Product, 2021 - 2027, USD Million
TABLE 48 Rest of North America Smart Kitchen Appliances Market by Applications, 2017 - 2020, USD Million
TABLE 49 Rest of North America Smart Kitchen Appliances Market by Applications, 2021 - 2027, USD Million
TABLE 50 Key Information – BSH Hausgeräte GmbH
TABLE 51 Key information – Whirlpool Corporation
TABLE 52 Key Information – Miele & Cie. KG
TABLE 53 Key information – LG Electronics, Inc.
TABLE 54 Key Information –Samsung Electronics Co., Ltd.
TABLE 55 Key Information – Panasonic Corporation
TABLE 56 Key Information – Koninklijke Philips N.V.
TABLE 57 Key Information – GE Appliances, a Haier company
TABLE 58 Key Information – Electrolux AB
TABLE 59 Key Information – Daewoo Electronics Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: Whirlpool Corporation
FIG 6 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 7 Recent strategies and developments: Panasonic Corporation
FIG 8 SWOT Analysis: Panasonic Corporation
FIG 9 Recent strategies and developments: GE Appliances, a Haier Group Company
FIG 10 Recent strategies and developments: Electrolux AB