Germany Smart Kitchen Appliances Market Size & Outlook
- Consumer Goods
- Consumer Electronics & Appliances
- Smart Kitchen Appliances Market Outlook
- Consumer Electronics & Appliances
Germany Smart Kitchen Appliances Market, 2017-2030 (US$M)
Global Market
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Germany smart kitchen appliances market highlights
- The Germany smart kitchen appliances market generated a revenue of USD 882.9 million in 2022 and is expected to reach USD 3,119.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 17.1% 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.
Smart kitchen appliances market data book summary
| Market revenue in 2022 | USD 882.9 million |
| Market revenue in 2030 | USD 3,119.8 million |
| Growth rate | 17.1% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Cookware & Cooktops |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Germany accounted for 5.6% of the global smart kitchen appliances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany smart kitchen appliances market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,119.8 million by 2030.
Germany is by far the largest market for food and beverages in the European Union. The Germany food service industry included 222,365 businesses and was mainly dominated by restaurants, snack bars, catering services, public housing, and guest housing as of 2019.
Favorable economic development and a high level of employment have been driving consumer expenditure on eating outside. This, in turn, is expected to result in an increasing number of eateries. In addition, the introduction of innovative and new cuisines inspired by the U.S. food industry has also been contributing to the high traction of this market, and the trend is expected to continue in the coming years.
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 |
Germany 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 34.16% in 2022.
Horizon Databook has segmented the Germany 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.
Germany is by far the largest market for food and beverages in the European Union. The Germany food service industry included 222,365 businesses and was mainly dominated by restaurants, snack bars, catering services, public housing, and guest housing as of 2019.
Favorable economic development and a high level of employment have been driving consumer expenditure on eating outside. This, in turn, is expected to result in an increasing number of eateries. In addition, the introduction of innovative and new cuisines inspired by the U.S. food industry has also been contributing to the high traction of this market, and the trend is expected to continue in the coming years.
- Germany Smart Kitchen Appliances Market Product Outlook (Revenue, USD Million , 2017-2030)
- Smart Refrigerators
- Smart Cookware & Cooktops
- Smart Dishwashers
- Smart Ovens
- Other Appliances
- Germany Smart Kitchen Appliances Market Application Outlook (Revenue, USD Million , 2017-2030)
- Residential
- commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Smart Kitchen Appliances Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Smart Kitchen Appliances Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Germany Smart Kitchen Appliances Market, 2017-2030 (US$M)
Germany smart kitchen appliances market statistics, by product, 2017-2030 (US$M)
