Asia Pacific Smart Kitchen Appliance Market

The Asia Pacific smart kitchen appliance market is expected to reach US$ 12,459.8 million by 2028 from US$ 3,754.2 million in 2021; it is estimated to grow at a CAGR of 18.7% from 2021 to 2028.

In recent years, several developing countries in Asia Pacific have witnessed the growth in the adoption of smart kitchen appliances, which is majorly attributed to continuous evolution in the internet of things (IoT). The availability of better internet infrastructure in the countries in this region encourages end users to procure smart kitchen appliances. According to the Cisco Annual Internet Report, APAC is projected to have 3.1 billion internet users (72% of APAC population) and 13.5 billion networked devices/connections by 2023. Further, networked devices/connections will be wired or connected over Wi-Fi by 2030. As the operations of smart kitchen appliances are primarily based on internet infrastructure, the stimulating internet infrastructure is boosting the adoption of smart kitchen appliances in Asia Pacific. Japan and South Korea account for the most significant count of internet users; these countries are home to several electronics, home appliances, and sensors manufacturers. This factor is catalyzing the demand for smart kitchen appliances in these countries. Additionally, the ability of these appliances to reduce operational costs and risks is further supporting the growth of the smart kitchen appliances market in several Asia-Pacific countries.

Due to COVID-19, many manufacturing plants were operating with a partial workforce or were closed in 2020. They also faced challenges in terms of disrupted raw material and component supply chains. Manufacturers in Asia Pacific faced these critical challenges till the Q4 of 2020. Since the region is characterized by high GDP per capita and a high standard of living, the demand for advanced consumer electronics is always high. Although the supply side in the smart kitchen appliances market faced hindrance, the demand side is generating high demand for these products due to remote working and learning practices.

According to Electronic Components Industry Association, the COVID-19 has resulted in delays and disruptions in supply chains, product releases, events, and other related industrial activities. China, Japan, South Korea, and India are among the countries that have a large number of electronics manufacturers as well as end users. Several electronics manufacturers had to temporarily cease their manufacturing processes due to containment measures, and available raw material and other resource exhaustion. Haier had to completely shut down its manufacturing in China till February 2020. In India, manufacturing facilities were shut till the Q2 of 2020. Further, despite the exponential rise in infections, the containment measures were eased and manufacturing facilities were operational in the region in 2021. For instance, though there was the emergence of the second wave of infection in India, manufacturing facilities continued their operations. Similarly, with the ongoing rise in cases in China, factories are still operational.

 

Asia Pacific Smart Kitchen Appliance Market

Revenue and Forecast to 2028 (US$ Mn)

Get more information on this report Request Free Sample PDF

Asia Pacific Smart Kitchen Appliance Strategic Insights

Strategic insights for the Asia Pacific Smart Kitchen Appliance provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Smart Kitchen Appliance Report Scope

Asia Pacific Smart Kitchen Appliance Regional Insights

The geographic scope of the Asia Pacific Smart Kitchen Appliance refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

ASIA PACIFIC SMART KITCHEN APPLIANCE MARKET SEGMENTATION

By

Product

• Smart Ovens
• Smart Refrigerators
• Smart Sous Vide
• Smart Juicers & Blenders
• Smart Cookers & Cooking Robots
• Smart Cooktops
• Smart Integrated Ovens & Cooktops
• Others

By

Connectivity

• Wi-Fi
• Bluetooth

By End User

• Residential
• Commercial

By Country

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Company Profiles

• Electrolux AB
• BSH Hausgeräte GmbH
• GE Appliances
• LG Electronics
• Koninklijke Philips N.V.
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Whirlpool Corporation
• Breville Group Limited