Market Research Report
Global Smart Kitchen Appliance Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||762827|
|Published||Content info||135 Pages
Delivery time: 1-2 business days
|Global Smart Kitchen Appliance Market 2019-2023|
|Published: December 7, 2018||Content info: 135 Pages||
Advent of multi-cooking functionalities in smart cooking appliances to push demand for the market. For customer convenience, vendors focus on providing cooking appliances equipped with wireless technology for smart remote access. Multi-cooking functionalities are one of the deciding factors for customers opting for smart cooking appliances. Technavio's analysts have predicted that the smart kitchen appliance market will register a CAGR of close to 23% by 2023.
Growing innovation and technological advances have changed consumer preferences and propelled the demand for innovative products.
Smart kitchen appliances are expensive as compared to regular cooking appliances due to the integration of wireless technology and smart features.
For the detailed list of factors that will drive and challenge the growth of the smart kitchen appliance market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Samsung Electronics and Whirlpool Corporation the competitive environment is quite intense. Factors such as the rising demand for premium innovative appliances and the advent of multi-cooking functionalities in smart cooking appliances, will provide considerable growth opportunities to smart kitchen appliance manufactures. Haier Group, LG Electronics, Robert Bosch, Samsung Electronics, and Whirlpool Corporation are some of the major companies covered in this report.