This report analyzes the smart connected cooking appliances market by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and the Middle East and Africa)

NEW YORK, Oct. 6, 2022 /PRNewswire/ -- One of the key trends in the smart connected cooking appliances market is the increasing adoption of modular kitchens. Modular designed kitchens have features and functionalities that ease the day-to-day lives of customers. Hence, vendors are providing value additions to their kitchen appliances portfolio owing to changes in customers' preferences. Moreover, the demand for built-in cooking appliances such as wall ovens, refrigerators, ranges, and cooktops has increased over the last few years. In western countries such as the US, many newly constructed houses are built with modern designs and aesthetics, which include integrated smart appliances. Hence, the rise in household construction will drive the adoption of modular kitchens and, in turn, propel the demand for smart connected cooking appliances during the forecast period.

The smart connected cooking appliances market size is expected to grow by USD 10.67 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 22.26% during the forecast period, according to Technavio.

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Smart Connected Cooking Appliances Market: Market Segmentation

By distribution channel, the offline segment will generate maximum revenue in the smart connected cooking appliances market. The offline distribution channel includes convenience stores, hypermarkets, specialty stores, clubhouse stores, and department stores. Vendors are directing their sales through local retail entities to drive sales through offline channels. In addition, they are establishing strategic alliances with household appliance retail chains. Such factors will drive the growth of the segment during the forecast period.

In terms of geography, North America will present significant opportunities for market vendors owing to factors such as high smartphone and internet penetration. Moreover, the US is the key country for the smart connected cooking appliances market in the region.

Smart Connected Cooking Appliances Market: Major Growth Drivers

The rising innovation in product and technology is driving the growth of the smart connected cooking appliances market. Many people are shifting to smart connected products owing to changing lifestyles. Smart connected cooking appliances are convenient to use. They can be accessed through smartphones by using technologies such as Bluetooth and Wi-Fi. Such innovations in products and technologies will propel the smart connected cooking appliances market growth during the forecast period.

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Smart Connected Cooking Appliances Market: Key Vendor Offerings 

• Breville Group Ltd. - The company offers smart connected cooking appliances under the brand name Joule, with features such as autopilot, guided recipes, and cook progress monitoring.
• Haier Smart Home Co. Ltd. - The company offers smart connected cooking appliances such as ovens and hoods that can be operated and monitored with a smart app.
• June Life Inc. - The company offers smart connected cooking appliances, primarily ovens that combine 12 appliances into one, with connectivity and responsiveness.
• LG Electronics Inc. - The company offers smart connected cooking appliances under the brand name ThinQ, which enables users to remotely check the status of the oven and manage recipes with apps.
• Panasonic Corp. - The company offers smart connected cooking appliances under the brand name MirAle, which brings all home appliances such as refrigerators under one IoT platform that can be operated remotely with smartphones.

Smart Connected Cooking Appliances Market: Reasons to Buy Our Report

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will help the smart connected cooking appliances market grow during the next five years
• Approximation of the smart connected cooking appliances market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the smart connected cooking appliances market across North America, Europe, APAC, South America, and the Middle East and Africa
• Analysis of the competitive landscape and detailed information on vendors
• Comprehensive details of factors that will hinder the growth of smart connected cooking appliances market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments 
• Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel 
• Exhibit 26: Chart on Comparison by Distribution Channel
• Exhibit 27: Data Table on Comparison by Distribution Channel

• 5.3 Offline - Market size and forecast 2021-2026
• Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 5.4 Online - Market size and forecast 2021-2026
• Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 China - Market size and forecast 2021-2026
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.13 France - Market size and forecast 2021-2026
• Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Breville Group Ltd. 
• Exhibit 93: Breville Group Ltd. - Overview
• Exhibit 94: Breville Group Ltd. - Business segments
• Exhibit 95: Breville Group Ltd. - Key offerings
• Exhibit 96: Breville Group Ltd. - Segment focus

• 10.4 Electrolux Professional AB 
• Exhibit 97: Electrolux Professional AB - Overview
• Exhibit 98: Electrolux Professional AB - Business segments
• Exhibit 99: Electrolux Professional AB - Key offerings
• Exhibit 100: Electrolux Professional AB - Segment focus

• 10.5 General Electric Co. 
• Exhibit 101: General Electric Co. - Overview
• Exhibit 102: General Electric Co. - Business segments
• Exhibit 103: General Electric Co. - Key news
• Exhibit 104: General Electric Co. - Key offerings
• Exhibit 105: General Electric Co. - Segment focus

• 10.6 Haier Smart Home Co. Ltd. 
• Exhibit 106: Haier Smart Home Co. Ltd. - Overview
• Exhibit 107: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 108: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 109: Haier Smart Home Co. Ltd. - Segment focus

• 10.7 June Life Inc. 
• Exhibit 110: June Life Inc. - Overview
• Exhibit 111: June Life Inc. - Key offerings

• 10.8 LG Electronics Inc. 
• Exhibit 112: LG Electronics Inc. - Overview
• Exhibit 113: LG Electronics Inc. - Business segments
• Exhibit 114: LG Electronics Inc. - Key news
• Exhibit 115: LG Electronics Inc. - Key offerings
• Exhibit 116: LG Electronics Inc. - Segment focus

• 10.9 Panasonic Corp. 
• Exhibit 117: Panasonic Corp. - Overview
• Exhibit 118: Panasonic Corp. - Business segments
• Exhibit 119: Panasonic Corp. - Key offerings
• Exhibit 120: Panasonic Corp. - Segment focus

• 10.10 Robert Bosch GmbH 
• Exhibit 121: Robert Bosch GmbH - Overview
• Exhibit 122: Robert Bosch GmbH - Business segments
• Exhibit 123: Robert Bosch GmbH - Key news
• Exhibit 124: Robert Bosch GmbH - Key offerings
• Exhibit 125: Robert Bosch GmbH - Segment focus

• 10.11 Samsung Electronics Co. Ltd. 
• Exhibit 126: Samsung Electronics Co. Ltd. - Overview
• Exhibit 127: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 128: Samsung Electronics Co. Ltd. - Key news
• Exhibit 129: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 130: Samsung Electronics Co. Ltd. - Segment focus

• 10.12 Whirlpool Corp. 
• Exhibit 131: Whirlpool Corp. - Overview
• Exhibit 132: Whirlpool Corp. - Business segments
• Exhibit 133: Whirlpool Corp. - Key offerings
• Exhibit 134: Whirlpool Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 135: Inclusions checklist
• Exhibit 136: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 137: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 138: Research methodology
• Exhibit 139: Validation techniques employed for market sizing
• Exhibit 140: Information sources

• 11.5 List of abbreviations 
• Exhibit 141: List of abbreviations

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