A look at the Smart Kitchen Market in Global Forecast 2024


Global Smart Kitchen Market is expanding at a healthy CAGR between 2019-2024. On the basis of component, the segment is expected to emerge as the leading one in the forecast period. Smart Kitchen Industry report contains a comprehensive market and vendor landscape.



[ClickPress, Mon Jun 03 2019] According to this study, over the next five years the Smart Kitchen market will register a 30.3% CAGR in terms of revenue, the global market size will reach US$ 4100.1 million by 2024, from US$ 1092 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smart Kitchen business, shared in Chapter 3.

Smart kitchen appliances refers to the introduction of microprocessors and computer technology to the production of electrical equipment, the formation of intelligent kitchen, electrical products with active monitoring of their own failure and active control and active adjustment and other intelligent functions.

In any case, this increases the demand for customer service to provide expert technical support. In addition, the number of channels through which companies can be contacted will continue to increase, including contacts through customers’ digital assistants. At the same time, companies will gain better insight into consumer behavior patterns and better understand customer needs.

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Customers expect companies to be just as networked as they are, and will demand even faster response times. Consumers are generally quick-change, to get or use newfangled products, better experience, better convenience and more quicker; to find and meet the needs of consumers, and exceeding expectation, better service. The world changes quickly, especially in mobile internet and consumer electronics, and now the mobile internet and consumer electronics are changing the traditional sectors, to more efficient, more cheaper and powerful.In order to keep pace with these requirements and provide consistent customer service across all relevant channels, companies need to get to grips with increasing technical complexity.

The Internet of Things is making possible a new wave of smart kitchen gadgets. Smart kitchen appliances are equipped various components and hardware with sensing technologies as well as advanced connectivity features with the help of which they can be connected to mobile phones or tablets with a view to enable remote access. Safety, enhanced productivity, increased comfort, reduction in wastage, increased energy saving, and efficient power consumption are few of the benefits of smart kitchen appliances.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Kitchen market by product type, application, key manufacturers and key regions and countries.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Whirlpool Corporation

Electrolux

Samsung Electronics

LG Electronics

Haier Group

BSH

Miele & Cie KG

Panasonic

Robam

Midea

This study considers the Smart Kitchen value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Smart Refrigerator

Smart Cookers

Smart Kitchen Hoods

Other

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Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Commercial Use

Home Use

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Smart Kitchen consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Smart Kitchen market by identifying its various subsegments.

Focuses on the key global Smart Kitchen manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Smart Kitchen with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Smart Kitchen submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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