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Market Research Report
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1088309

Smart Home Appliances Market, By Offering, By Technology, By Sales Channel, By End User, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Published: | Blueweave Consulting & Research Private Limited | 186 Pages | Delivery time: 2-3 business days

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Smart Home Appliances Market, By Offering, By Technology, By Sales Channel, By End User, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Published: May 31, 2022
Blueweave Consulting & Research Private Limited
Content info: 186 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Smart Home Appliances Market is Forecast to Grow at a CAGR of 12.1% until 2028

The smart home appliances market is growing at a high CAGR because of the expanding internet penetration, rapid technology breakthroughs, wireless communication, and greater smartphone use along with fast integration of new technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud computing…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global smart home appliances market was worth USD 31.8 billion in the year 2021. The market is forecast to grow at a CAGR of 12.1%, earning revenue of around USD 73.1 billion by the end of 2028. The growth of the global smart home appliances market is attributed to expanding internet penetration, rapid technology breakthroughs, wireless communication, and RISING smartphone use. Furthermore, the market is benefiting from the fast integration of new technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and others. However, high risks associated with data privacy and cybersecurity may act as a huge restraining factor for market growth.

Rising Demand For Home Automation Is Driving The Smart Home Appliances Market

The demand for home automation or 'Smart Home' in general is gaining huge popularity among consumers. The increasing demand for remote operating convenience and energy-efficient systems is significantly fueling the demand for smart home appliances in the market. Several smart home appliances such as smart TVs, lighting solutions, refrigerators have already made themselves a place in the market due to changing lifestyles of consumers. With increasing launches of different other smart home appliances, the market is anticipated to proliferate in the forecast period.

Rising Shift Towards Online Sales Channel is Propelling the Smart Home Appliances Market Growth

Based on the sales channel, the smart home appliances market is segmented into direct sales channels and indirect sales channels. The indirect sales channels hold the largest share in the smart home appliances market. The sales of smart home appliances are most common among wholesalers, retailers, and distributors. The online sales channels under indirect sales are anticipated to register the highest growth rate during the forecast period post the COVID-19 period as various consumer goods websites emerged during this period.

Smart Home Appliances Market - By End-User

Based on end-user, the smart home appliances market is segmented into residential and commercial. The residential segment accounts for the largest market share owing to the rising demand for home automation among consumers. Furthermore, prominent and regular use of various home appliances in homes also acts as a major driving factor for the market growth. However, smart home appliances are anticipated to gain significant traction in the commercial segment during the forecast period.

Smart Home Appliances Market - Regional Insights

Geographically, the smart home appliances market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Due to rising consumer disposable income and increased expenditure on smart home appliances, the Asia-Pacific region dominates the smart home appliances market. Furthermore, rising buying power is expected to stimulate demand for smart home equipment during the projection period, resulting in increased internet penetration and homeownership.

Impact of COVID-19 on Smart Home Appliances Market

During the COVID-19 epidemic, there was a significant drop in demand for smart home products. During the lockdown, all smart home appliance production and distribution operations were fully suspended. Due to a severe scarcity of semiconductor chips, manufacturing operations also encountered significant hurdles even when the lockdown was lifted. Furthermore, the economic suffering induced by the pandemic had a severe influence on consumer purchasing power, resulting in a decrease in demand for smart home products.

Competitive Landscape

The leading market players of the smart home appliances market are AB Electrolux, Breville Group Limited, Samsung Electronics Co. Ltd, Haier Group, Whirlpool Corporation, Panasonic Corporation, Whirlpool Corporation, Panasonic Corporation, LG Electronics Inc., BSH Home Appliances Corporation, General Electric Company, BSH Hausgerate GmbH, Koninklijke Philips N.V., Apple Inc., and other prominent players.

The smart home appliances market is highly consolidated with the presence of multinational technology companies. These companies constantly launch a wide range of products to new innovations to attract consumers and significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Don't miss the business opportunity of the smart home appliances market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the smart home appliances market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the smart home appliances market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC22170

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Smart Home Appliances Market Insights

  • 4.1. Industry Value Chain Analysis
    • 4.1.1. Sales/Retail Channel Analysis
    • 4.1.2. Profit Margin Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. Global Smart Home Appliances Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Product Type
      • 5.2.1.1. Smart Washing Machines
      • 5.2.1.2. Smart TVs
      • 5.2.1.3. Smart Air Purifiers
      • 5.2.1.4. Smart Refrigerators
      • 5.2.1.5. Others
    • 5.2.2. By Technology
      • 5.2.2.1. Wi-Fi
      • 5.2.2.2. Bluetooth
      • 5.2.2.3. Radio Frequency Identification (RFID)
      • 5.2.2.4. Near-Field Communication (NFC)
      • 5.2.2.5. ZigBee
      • 5.2.2.6. Others (Cellular Technology, Z Wave, Insteon, HomeRF, and EnOcean)
    • 5.2.3. By Distribution Channel
      • 5.2.3.1. Online
      • 5.2.3.1.1. E-commerce Websites
      • 5.2.3.1.2. Company Owned Websites
      • 5.2.3.2. Offline
      • 5.2.3.2.1. Supermarkets / Hypermarkets
      • 5.2.3.2.2. Specialty Stores
      • 5.2.3.2.3. Factory Outlets
      • 5.2.3.2.4. Other Retail Based Stores
    • 5.2.4. By Region
      • 5.2.4.1. North America
      • 5.2.4.2. Europe
      • 5.2.4.3. The Asia-Pacific
      • 5.2.4.4. Latin America
      • 5.2.4.5. The Middle-East and Africa

6. North America Smart Home Appliances Market

  • 6.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Product Type
    • 6.2.2. By Technology
    • 6.2.3. By Distribution Channel
    • 6.2.4. By Country
      • 6.2.4.1. United States
      • 6.2.4.2. Canada

7. Europe Smart Home Appliances Market

  • 7.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Product Type
    • 7.2.2. By Technology
    • 7.2.3. By Distribution Channel
    • 7.2.4. By Country
      • 7.2.4.1. Germany
      • 7.2.4.2. United Kingdom
      • 7.2.4.3. Italy
      • 7.2.4.4. France
      • 7.2.4.5. Spain
      • 7.2.4.6. Rest of Europe

8. The Asia Pacific Smart Home Appliances Market

  • 8.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Product Type
    • 8.2.2. By Technology
    • 8.2.3. By Distribution Channel
    • 8.2.4. By Country
      • 8.2.4.1. China
      • 8.2.4.2. India
      • 8.2.4.3. Japan
      • 8.2.4.4. South Korea
      • 8.2.4.5. Rest of Asia Pacific

9. Latin America Smart Home Appliances Market

  • 9.1. Market Size & Forecast by Value, 2018-2028
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Product Type
    • 9.2.2. By Technology
    • 9.2.3. By Distribution Channel
    • 9.2.4. By Country
      • 9.2.4.1. Brazil
      • 9.2.4.2. Mexico
      • 9.2.4.3. Rest of Latin America

10. The Middle East & Africa Smart Home Appliances Market

  • 10.1. Market Size & Forecast by Value, 2018-2028
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
    • 10.2.1. By Product Type
    • 10.2.2. By Technology
    • 10.2.3. By Distribution Channel
    • 10.2.4. By Country
      • 10.2.4.1. Saudi Arabia
      • 10.2.4.2. UAE
      • 10.2.4.3. South Africa
      • 10.2.4.4. Rest of Middle East & Africa

11. Competitive Landscape

  • 11.1. List of Key Players and Their Offerings
  • 11.2. Global Players Market Share Analysis, 2021
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Strategic Development (Merger, Acquisition, Business Expansion, Agreement, Partnership and Product Launch)

12. Impact of COVID-19 on Global Smart Home Appliances Industry

13. Consumer Behavior Analysis

  • 13.1. Demographic Analysis
  • 13.2. Consumer Trends and Preferences
  • 13.3. Consumer Spending on Smart Home Technologies
  • 13.4. Factors Affecting Buying Decision
  • 13.5. Consumer Product Adoption
  • 13.6. Observations & Recommendations

14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 14.1. AB Electrolux
  • 14.2. BSH Home Appliances Corporation
  • 14.3. General Electric Company
  • 14.4. Haier Group Corporation
  • 14.5. Irobot Corporation
  • 14.6. Koninklijke Philips N.V.
  • 14.7. LG Electronics Inc.
  • 14.8. Xiaomi Corporation
  • 14.9. Midea Group
  • 14.10. Mitsubishi Electric Corporation
  • 14.11. Panasonic Corporation
  • 14.12. Robert Bosch GmbH
  • 14.13. Samsung Electronics Co., Ltd.
  • 14.14. Sharp Corporation
  • 14.15. Whirlpool Corporation

15. Key Strategic Recommendations

Note:

1. Financial Information of non-listed companies will be provided as per the availability

2. The segmentation and the companies are subjected to modification based on in-depth secondary for the final deliverable.

List of Figures

  • Figure 1 Global Smart Home Appliances Segmentation
  • Figure 2 Global Smart Home Appliances Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 Global Smart Home Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 5 Global Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 6 Global Smart Home Appliances Market Share, By Technology, By Value, 2018-2028
  • Figure 7 Global Smart Home Appliances Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 8 Global Smart Home Appliances Market Share, By Region, By Value, 2018-2028
  • Figure 9 North America Smart Home Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 10 North America Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 11 North America Smart Home Appliances Market Share, By Technology, By Value, 2018-2028
  • Figure 12 North America Smart Home Appliances Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 13 North America Smart Home Appliances Market Share, By Country, By Value, 2018-2028
  • Figure 14 Europe Smart Home Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 15 Europe Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 16 Europe Smart Home Appliances Market Share, By Technology, By Value, 2018-2028
  • Figure 17 Europe Smart Home Appliances Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 18 Europe Smart Home Appliances Market Share, By Country, By Value, 2018-2028
  • Figure 19 The Asia-Pacific Smart Home Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 20 The Asia-Pacific Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 21 The Asia-Pacific Smart Home Appliances Market Share, By Technology, By Value, 2018-2028
  • Figure 22 The Asia-Pacific Smart Home Appliances Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 23 The Asia-Pacific Smart Home Appliances Market Share, By Country, By Value, 2018-2028
  • Figure 24 Latin America Smart Home Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 25 Latin America Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 26 Latin America Smart Home Appliances Market Share, By Technology, By Value, 2018-2028
  • Figure 27 Latin America Smart Home Appliances Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 28 Latin America Smart Home Appliances Market Share, By Country, By Value, 2018-2028
  • Figure 29 The Middle East & Africa Smart Home Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 30 The Middle East & Africa Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 31 The Middle East & Africa Smart Home Appliances Market Share, By Technology, By Value, 2018-2028
  • Figure 32 The Middle East & Africa Smart Home Appliances Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 33 The Middle East & Africa Smart Home Appliances Market Share, By Country, By Value, 2018-2028

List of Tables

  • Table 1 Global Smart Home Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 2 Global Smart Home Appliances Market Size, By Technology, By Value, 2018-2028
  • Table 3 Global Smart Home Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 4 Global Smart Home Appliances Market Size, By Region, By Value, 2018-2028
  • Table 5 North America Smart Home Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 6 North America Smart Home Appliances Market Size, By Technology, By Value, 2018-2028
  • Table 7 North America Smart Home Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 8 North America Smart Home Appliances Market Size, By Country, By Value, 2018-2028
  • Table 9 Europe Smart Home Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 10 Europe Smart Home Appliances Market Size, By Technology, By Value, 2018-2028
  • Table 11 Europe Smart Home Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 12 Europe Smart Home Appliances Market Size, By Country, By Value, 2018-2028
  • Table 13 The Asia-Pacific Smart Home Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 14 The Asia-Pacific Smart Home Appliances Market Size, By Technology, By Value, 2018-2028
  • Table 15 The Asia-Pacific Smart Home Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 16 The Asia-Pacific Smart Home Appliances Market Size, By Country, By Value, 2018-2028
  • Table 17 Latin America Smart Home Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 18 Latin America Smart Home Appliances Market Size, By Technology, By Value, 2018-2028
  • Table 19 Latin America Smart Home Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 20 Latin America Smart Home Appliances Market Size, By Country, By Value, 2018-2028
  • Table 21 The Middle East & Africa Smart Home Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 22 The Middle East & Africa Smart Home Appliances Market Size, By Technology, By Value, 2018-2028
  • Table 23 The Middle East & Africa Smart Home Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 24 The Middle East & Africa Smart Home Appliances Market Size, By Country, By Value, 2018-2028
  • Table 25 AB Electrolux Company Overview
  • Table 26 AB Electrolux Financial Overview
  • Table 27 BSH Home Appliances Corporation Company Overview
  • Table 28 BSH Home Appliances Corporation Financial Overview
  • Table 29 Haier Group Corporation Company Overview
  • Table 30 Haier Group Corporation Financial Overview
  • Table 31 Irobot Corporation Company Overview
  • Table 32 Irobot Corporation Financial Overview
  • Table 33 LG Electronics Inc. Company Overview
  • Table 34 LG Electronics Inc. Financial Overview
  • Table 35 Midea Group Company Overview
  • Table 36 Midea Group Financial Overview
  • Table 37 Mitsubishi Electric Corporation Company Overview
  • Table 38 Mitsubishi Electric Corporation Financial Overview
  • Table 39 Panasonic Corporation Company Overview
  • Table 40 Panasonic Corporation Financial Overview
  • Table 41 Robert Bosch GmbH Company Overview
  • Table 42 Robert Bosch GmbH Financial Overview
  • Table 43 Samsung Electronics Co., Ltd. Company Overview
  • Table 44 Samsung Electronics Co., Ltd. Financial Overview
  • Table 45 Sharp Corporation Company Overview
  • Table 46 Sharp Corporation Financial Overview
  • Table 47 Whirlpool Corporation Company Overview
  • Table 48 Whirlpool Corporation Financial Overview