North America Smart Kitchen Appliance Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Smart Ovens, Smart Refrigerator, Smart Juicers and Blenders, Smart Cookers and Cooking Robots, Smart Cooktops, Smart Integrated Cooktops and Ovens, Smart Sous Vide, and Others), Connectivity (Wi-Fi and Bluetooth), and End User (Residential and Commercial)
Market Introduction
The smart kitchen appliances products encompasses set of consumer kitchen appliances and electronics exclusively designed for commercial and/or residential cooking requirements. The key differentiating factor between the conventional and smart kitchen appliances is that the later utilizes the application of any technology driven solutions or features that facilitates in enhanced consumer experience for its customers compared to the conventional kitchen appliances.
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Market Overview and Dynamics
The North America smart kitchen appliance market is expected to reach US$ 16,175.9 million by 2028 from US$ 5,475.4 million in 2021; it is estimated to grow at a CAGR of 16.7% from 2021 to 2028. A few of the major factors contributing to the market growth include cost-effectiveness and communication ability of smart kitchen appliances, and availability of superior internet connectivity across North America. However, vulnerability to cyber-crimes and higher upfront costs restrict the market growth.
The construction sector in North America is witnessing substantial demand for connected homes equipped with technologically advanced appliances and devices. Developed countries such as the US have made interesting strides in smart home developments. The US market has witnessed substantial growth in the number of smart homes, and the country is expected to experience similar trends in the coming years. The rapid shift in the mindsets of the US population is heavily impacting the growth of smart home appliances such as smart speakers, smart thermostats, smart lighting, and smart security devices. According to Alarm.org, 57% of Americans admitted that by using smart products, they could save ~30 minutes of their time in a day; ~47% of millennials are already using smart home products. The penetration of these smart devices is opening up the growth avenues for smart kitchen appliances as these appliances are among the necessary household items. Owing to the change in the mindset of the global population, majorly among the people in developed countries and a few developing countries, the smart kitchen appliances market is expected to have a positive outlook in the future. Also, the hospitality industry in various geographies is procuring robotic technologies and connected technologies to enhance customer satisfaction. Smart TVs, voice-controlled rooms, robotic luggage storage, and digital concierge are among the prominent smart hotel technologies. Various hotel management teams are showcasing interest in transforming their kitchens into smart kitchens with the procurement of smart kitchen appliances. The integration of cloud-based technologies and smartphones is enabling hotels and restaurant owners to remotely control and monitor their commercial kitchen appliances.
Since the onset of the COVID-19 pandemic, a majority of the manufacturing plants were operating with a partial workforce or were closed until the third quarter of 2020. The spread of SARS-CoV-2 also led to disruptions in the supply chain of raw materials and components. These constitute critical challenges faced by manufacturers in North America 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.
Key Market Segments
Based on product, the North America smart kitchen appliance market is segmented into smart ovens, smart refrigerators, smart sous vide, smart juicers and blenders, smart cookers and cooking robots, smart cooktops, smart integrated ovens and cooktops, and others. The others segment includes smart dishwashers and smart coffee vending machines. In 2021, the smart refrigerator segment held the largest share of the market, and it is further expected to register the highest CAGR from 2021 to 2028.
By end user, the North America smart kitchen appliance market is segmented into commercials and residential. In 2021, the residential segment held a larger share of the market, and it is anticipated register a higher CAGR during 2021–2028.
Major Sources and Companies Listed
A few of the market players profiled during the study of report on the North America smart kitchen appliance market are Electrolux AB, BSH Hausgeräte GmbH, and GE Appliances.
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of North America smart kitchen appliance market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the North America smart kitchen appliance market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the North America smart kitchen appliance market.
NORTH AMERICA 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
- U.S
- Canada
- Mexico
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
- Vita-Mix Corporation
1. Introduction
1.1 Scope of the Study
1.2 The Insight partners research report guidance
1.3 Market segmentation
1.3.1 North America Smart Kitchen Appliance Market – By Product
1.3.2 North America Smart Kitchen Appliance Market – By End-User
1.3.3 North America Smart Kitchen Appliance Market – By Connectivity
1.3.4 North America Smart Kitchen Appliance Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Smart Kitchen Appliance Market landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Pest Analysis
4.3.1 North America PEST Analysis
5. Smart Kitchen Appliances Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Cost-Effectiveness and Communication Ability of Smart Kitchen Appliances
5.1.2 Increase in Internet Penetration
5.2 Market Restraints
5.2.1 Vulnerability to Cyber Crimes and Higher Upfront Cost
5.3 Market Opportunities
5.3.1 Substantial Growth in Smart Home and Smart Hotel Projects
5.4 Future Trends
5.4.1 Mergers and Partnerships
5.5 Impact Analysis Of Drivers And Restraints
6. Smart Kitchen Appliance Market –North America Analysis
6.1 North America Smart Kitchen Appliance Market Overview
6.2 North America Smart Kitchen Appliance Market Revenue Forecast and Analysis
7. North America Smart Kitchen Appliance Market Analysis – By Product
7.1 Overview
7.2 North America Smart Kitchen Appliance Market Revenue Breakdown, By Product, 2020 & 2028
7.3 Smart Ovens
7.3.1 Overview
7.3.2 Smart Ovens Market Revenue Forecasts to 2028 (US$ Mn)
7.4 Smart Refrigerator
7.4.1 Overview
7.4.2 Smart Refrigerators Market Revenue Forecasts to 2028 (US$ Mn)
7.5 Smart Juicers & Blenders
7.5.1 Overview
7.5.2 Smart Juicers & Blenders Market Revenue Forecasts to 2028 (US$ Mn)
7.6 Smart Cookers & Cooking Robots
7.6.1 Overview
7.6.2 Smart Cookers & Cooking Robots Market Revenue Forecasts to 2028 (US$ Mn)
7.7 Smart Cooktops
7.7.1 Overview
7.7.2 Smart Cooktops Market Revenue Forecasts to 2028 (US$ Mn)
7.8 Smart Integrated Ovens & Cooktops
7.8.1 Overview
7.8.2 Smart Integrated Ovens & Cooktops Market Revenue Forecasts to 2028 (US$ Mn)
7.9 Smart Sous Vide
7.9.1 Overview
7.9.2 Smart Sous Vide Market Revenue Forecasts to 2028 (US$ Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others Market Revenue Forecasts to 2028 (US$ Mn)
8. North America Smart Kitchen Appliances Market Analysis – By Connectivity
8.1 Overview
8.2 Smart Kitchen Appliances Market Revenue Breakdown, By Connectivity, 2020 & 2028
8.3 Wi-Fi
8.3.1 Overview
8.3.2 Wi-Fi Revenue Forecasts to 2028 (US$ Mn)
8.4 Bluetooth
8.4.1 Overview
8.4.2 Bluetooth Market Revenue Forecasts to 2028 (US$ Mn)
9. North America Smart Kitchen Appliance Market Revenue and Forecasts To 2028 – End User
9.1 Overview
9.2 Smart Kitchen Appliance Market Revenue Breakdown, By End User, 2020 & 2028
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue Forecasts to 2028 (US$ Mn)
9.4 Residential
9.4.1 Overview
9.4.2 Residential Market Revenue Forecasts to 2028 (US$ Mn)
10. Smart kitchen appliance Market – North America Analysis
10.1 North America Smart Kitchen Appliances Market Revenue Forecasts to 2028
10.1.1 North America Smart Kitchen Appliances Market Revenue Forecasts to 2028 (US$ Mn)
10.1.2 North America Smart Kitchen Appliance Market Revenue Breakdown by Product
10.1.3 North America Smart Kitchen Appliance Market Revenue Breakdown by Connectivity
10.1.4 North America Smart Kitchen Appliance Market Revenue Breakdown by End User
10.1.5 North America Smart Kitchen Appliance Market Revenue Breakdown, by Key Countries
10.1.5.1 U.S. Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.1.1 U.S. Smart Kitchen Appliance Market Revenue by Product
10.1.5.1.2 US Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.1.3 U.S. Smart Kitchen Appliance Market Revenue by End User
10.1.5.2 Canada Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.2.1 Canada Smart Kitchen Appliance Market Revenue by Product
10.1.5.2.2 Canada Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.2.3 Canada Smart Kitchen Appliance Market Revenue by End User
10.1.5.3 Mexico Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.3.1 Mexico Smart Kitchen Appliance Market Revenue by Product
10.1.5.3.2 Mexico Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.3.3 Mexico Smart Kitchen Appliance Market Revenue by End User
11. Impact of COVID-19 Pandemic
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Electrolux AB
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BSH Hausgeräte GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GE Appliances
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 LG Electronics
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Koninklijke Philips N.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Panasonic Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Samsung Electronics Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Breville Group Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Whirlpool Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Vita-Mix Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Smart kitchen appliance market Revenue and Forecasts to 2028 – By Product (US$ Mn)
Table 2. North America Smart kitchen appliance Market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 3. North America Smart kitchen appliance Market Revenue and Forecasts to 2028 – By End User (US$ Mn)
Table 4. U.S. Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 5. U.S. Smart Kitchen Appliance Market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 6. U.S. Smart Kitchen Appliance Market Revenue And Forecasts to 2028 – By end user (US$ Mn)
Table 7. Canada Smart Kitchen Appliance Market Revenue And Forecasts to 2028 – By product (US$ Mn)
Table 8. Canada Smart Kitchen Appliance Market Revenue And Forecasts to 2028 – By Connectivity (US$ Mn)
Table 9. Canada Smart Kitchen Appliance Market Revenue And Forecasts To 2028 – By End User (US$ Mn)
Table 10. Mexico Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 11. Mexico Smart Kitchen Appliance Market Revenue And Forecasts to 2028 – By Connectivity (US$ Mn)
Table 12. Mexico Smart Kitchen Appliance Market Revenue And Forecasts to 2028 – By end user (US$ Mn)
Table 13. Glossary of Term: Global Smart Kitchen Appliance Market
LIST OF FIGURES
Figure 1. North America Smart Kitchen Appliance Market Segmentation
Figure 2. North America Smart Kitchen Appliance Market Segmentation by Country
Figure 3. North America Smart Kitchen Appliances Market Overview
Figure 4. Smart Refrigerators Segment held the Largest Share of Smart Kitchen Appliances Market
Figure 5. Wi-Fi Segment held the Largest Share of Smart Kitchen Appliances Market
Figure 6. Residential Segment held the Largest Share of Smart Kitchen Appliances Market
Figure 7. Smart Kitchen Appliances Market Ecosystem Analysis
Figure 8. North America – PEST Analysis
Figure 9. Smart Kitchen Appliance Market Impact Analysis Of Driver And Restraints
Figure 10. North America Smart Kitchen Appliance Market Revenue Forecast and Analysis
Figure 11. North America Smart Kitchen Appliance Market Revenue Breakdown, By Product, 2020 & 2028 (%)
Figure 12. Smart Ovens Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Smart Refrigerators Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Smart Juicers & Blenders Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Smart Cookers & Cooking Robots Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Smart Cooktops Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Smart integrated Ovens & Cooktops Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Smart Sous vide Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Smart Kitchen Appliances Market Revenue Breakdown By Connectivity, 2020 & 2028 (%)
Figure 21. Wi-Fi Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Bluetooth Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Smart Kitchen Appliance Market Revenue Breakdown, By End User, 2020 & 2028 (%)
Figure 24. Commercial market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Residential Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. North America Smart Kitchen Appliance Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. North America Smart kitchen Appliance Market Revenue Breakdown by Product, 2020 & 2028 (%)
Figure 28. North America Smart kitchen appliance Market Revenue Breakdown by Connectivity, 2020 & 2028 (%)
Figure 29. North America Smart Kitchen Appliance Market Revenue Breakdown By End User, 2020 & 2028 (%)
Figure 30. North America Smart Kitchen Appliance Market Revenue Breakdown By Key Countries, 2020 & 2028(%)
Figure 31. U.S. Smart kitchen appliance market Revenue and Forecasts to 2028 (US$ MN)
Figure 32. Canada Smart Kitchen Appliance Market Revenue and Forecasts to 2028 (US$ MN)
Figure 33. Mexico Smart Kitchen Appliance Market Revenue And Forecasts to 2028 (US$ MN)
Figure 34. Impact of COVID-19 Pandemic in North American Country Markets
- Electrolux AB
- BSH Hausgeräte GmbH
- GE Appliances
- LG Electronics
- Koninklijke Philips N.V.
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Breville Group Limited
- Vita-Mix Corporation
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