Europe Smart Kitchen Appliances Market Size & Outlook
- Consumer Goods
- Consumer Electronics & Appliances
- Smart Kitchen Appliances Market Outlook
- Consumer Electronics & Appliances
Europe Smart Kitchen Appliances Market, 2017-2030 (US$M)
Global Market
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Europe smart kitchen appliances market highlights
- The Europe smart kitchen appliances market generated a revenue of USD 4,230.4 million in 2022.
- The market is expected to grow at a CAGR of 16.3% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Cookware & Cooktops is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 4,230.4 million |
| Market revenue in 2030 | USD 14,171.5 million |
| Growth rate | 16.3% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Cookware & Cooktops |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Samsung Electronics Co Ltd, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Bosch, Breville Group Ltd, Miele, Daewoo International |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.0% of the global smart kitchen appliances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,258.7 million by 2030.
Working professionals in the region have less time to cook owing to their busy schedules. Moreover, several health-conscious consumers want to avoid outside food and are cooking at home. Hence, key players in the market are launching new products focused on consumer convenience.
For instance, in September 2020, Prestige, a brand owned by Meyer Group, launched the smart frying pan ‘Thermo Smart’ for the U.K. market. This frying pan comes with a smart heat indicator that turns from black to green when the pan is hot enough to start cooking.
Spending on quick service restaurants (QSRs) has risen in all of Europe's major foodservice markets, including the U.K., France, Germany, Italy, and Spain. According to Food Service, International News stats for the HoReCa sector, the QSR segment increased by 10.9% in the region in 2020.
Key Regions:U.S., UK, Brazil, India, South Africa
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Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | www.bosch.com |
| Haier Smart Home Co Ltd ADR | View profile | 112,458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | smart-home.haier.com/cn |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| Breville Group Ltd | View profile | 452 | 170-180 Bourke Road, Ground Floor, Suite 2, Alexandria, Sydney, NSW, Australia, 2015 | www.brevillegroup.com.au |
| Miele | View profile | 10001+ | Gütersloh, Nordrhein-Westfalen, Germany, Europe | www.miele.com |
| Daewoo International | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.daewoo.com |
Europe Smart Kitchen Appliances Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Kitchen Appliances Market Outlook will help companies and investors design strategic landscapes.
Smart Refrigerators was the largest segment with a revenue share of 34.21% in 2022.
Horizon Databook has segmented the Europe smart kitchen appliances market based on smart refrigerators, smart cookware & cooktops, smart dishwashers, smart ovens, other appliances covering the revenue growth of each sub-segment from 2017 to 2030.
Working professionals in the region have less time to cook owing to their busy schedules. Moreover, several health-conscious consumers want to avoid outside food and are cooking at home. Hence, key players in the market are launching new products focused on consumer convenience.
For instance, in September 2020, Prestige, a brand owned by Meyer Group, launched the smart frying pan ‘Thermo Smart’ for the U.K. market. This frying pan comes with a smart heat indicator that turns from black to green when the pan is hot enough to start cooking.
Spending on quick service restaurants (QSRs) has risen in all of Europe's major foodservice markets, including the U.K., France, Germany, Italy, and Spain. According to Food Service, International News stats for the HoReCa sector, the QSR segment increased by 10.9% in the region in 2020.
- Europe Smart Kitchen Appliances Market Product Outlook (Revenue, USD Million , 2017-2030)
- Smart Refrigerators
- Smart Cookware & Cooktops
- Smart Dishwashers
- Smart Ovens
- Other Appliances
- Europe Smart Kitchen Appliances Market Application Outlook (Revenue, USD Million , 2017-2030)
- Residential
- commercial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Smart Kitchen Appliances Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Smart Kitchen Appliances Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Europe Smart Kitchen Appliances Market, 2017-2030 (US$M)
Europe smart kitchen appliances market statistics, by product, 2017-2030 (US$M)
