The Global Market for Smart Kitchen Appliances - Forecast to 2023: CAGR is Projected to Grow at 17.2% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “Global Smart Kitchen Appliances Market - Segmented by Product, Application, and Distribution Channel, Geography - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global smart kitchen appliances market is projected to grow at the rate of 17.2% during the forecast period 2018-2023.
Growing availability of the high-tech appliances coupled with increased discretionary income, along with rising preference towards smart kitchen appliances is driving the market growth.
Small players are engaging in joint ventures with international players looking to expand into the market, especially in emerging economies like India and China.
Multinational corporations, like Hafelle, which enter emerging nations benefit from the established distribution networks of local firms. On the other hand, local firms benefit from the quality and technological efficiency of the international players.
As more consumers opt for modular kitchens, vendors of built-in appliances will influence the smart kitchen appliances market growth.
Major HighlightsGrowing Innovation to Drive the Market Growth for Smart Kitchen Appliances Smart Refrigerators to Witness Significant Market Growth During the Forecast Period Increasing Penetration of Broadband Devices to Drive the Market Growth for Smart Kitchen Appliances in Asia-Pacific
Key Developments in the MarketBSH Home Appliances (BSH Hausgerte GmbH) announced that it is teaming up with Techstars to create the BSH Future Home Accelerator Powered by Techstars. Electrolux announced a new partnership with guided cooking company SideChef to create a smart kitchen platform for their Asian Pacific market.
Key Topics Covered
2. Smart Kitchen Appliances Market Insights
3. Smart Kitchen Appliances Market Dynamics
4. Smart Kitchen Appliances Market Segmentation
5. Regional Analysis
6. Competitive Landscape
7. Company ProfilesAB Electrolux Samsung Electronics Co. Ltd. Whirlpool Corporation LG Electronics Inc. BSH Home Appliances Corporation Panasonic Corporation Haier Group Miele & Cie KG Sub-Zero Inc. Dongbu Daewoo Electronics Corporation Breville Group Ltd. Hestan Cue Inc.
For more information about this report visit https://www.researchandmarkets.com/research/s4zdjm/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005124/en/
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Related Topics:Household Appliances,Home Networks
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS HOME GOODS RETAIL
SOURCE: Research and Markets
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PUB: 09/07/2018 05:34 AM/DISC: 09/07/2018 05:34 AM