The global smart connected cooking appliances market is anticipated to grow at a CAGR of 21.5% during the forecast period (2022-2028).Smart connected cooking appliances can automate parts of the cooking process, keep one updated on the progress of the food, or simply make sure of the following a recipe correctly. The market growth is majorly attributable to the growing penetration of technologies such as Bluetooth, and Intern of Things (IoT), among others. This is also coupled with the use of other technologies such as artificial intelligence (AI) that enables the access to multiple smart kitchen appliances through remote control and even mobile devices. Adding to this, smart connected cooking appliances have gained traction in developed economies that include the US, Canada, Germany, and Japan. All these factors contribute substantially to the overall market growth.
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Other factors the drive the market growth includes the modernization, urbanization, and the trend towards westernized culture in term of cooking. Further, owing to the fast-paced life of global population backed by the growing working population there has been observed a growing adoption of household cooking appliances that encourages saving time. Further, the launch of several technologically advanced gadgets and other key strategies by the key players of the market are increasingly supporting the market growth. For instance, in August 2019, Electrolux expanded its partnership with Google Assistant, developing a smart system that allows consumers to control products using voice. Such advancement is projected to boost the global market in next few years.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
· Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Behmor Inc., Electrolux AB, and Samsung Electronics Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Smart Connected Cooking Appliances Market Report by Segment
By Type
· Electric
· Non-Electric
By Application
· Online
· Offline
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