Europe Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Cookware & Cooktops), By Application (Residential, Commercial), By Country, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The Europe smart kitchen appliances market size was estimated at USD 5.00 billion in 2023 and it is projected to grow at CAGR of 15.7% from 2024 to 2030. This anticipated growth can be attributed to increasing acceptance of scientifically advanced kitchen appliances in commercial and residential applications, growing work timings resulting in lesser accessible time for food preparations and related activities. The economical and affordable smart kitchen appliances provided by key market companies entice customers from households as well as commercial spaces. Increased use of IoT technology is also backing the upsurge in demand for smart kitchen appliances in the region.

The Germany smart kitchen appliances market accounted for 5.58% of global smart kitchen appliances market revenue in 2023. Technological advancements in the industry have empowered businesses in food preparation market to reduce the human effort and generate errorless processes through adoption of smart appliances. Larger kitchens of hotels and restaurants often cook food in greater quantities, which they need to serve in lesser time. In addition, small and medium scale businesses prefer to operate in such a work environment where less human resources will be used, and higher share of the process will be taken care by smart appliances. This approach prevails mainly due to less space, smaller scale and an attempt to serve greater number of customers.

After pandemic period, changes in customer behaviour, such as preference towards home-cooked food and healthy diets have resulted in growing demand for smart appliances like smart cookware and cooktops. This shift has been driving the growth for market like never before. The use of technologies such as advanced user interfaces, artificial intelligence (AI), and cloud-to-cloud connectivity has been generating great results for the industry as it reduces the effort and saves the valuable time of users.

The widespread portfolio offered by companies comprises of various appliances and technologies that are developed and manufactured after diligent innovation efforts by them. This coupled with effective marketing strategies, publicity by word of mouth and repeat purchases by customers have been creating upsurge in demand for such appliances.

Market Concentration & Characteristics

The Europe smart kitchen appliances market is growing at accelerating pace and the growth stage is identified as high. Regional market for smart appliances consists multiple brands that have been operating in the business of home appliances, who have adopted innovation strategies and expanded their existing portfolio to smart appliances. In addition, there are new entrants in the market who have been attracting increasing pool of customers.

The degree of innovation is high in the industry. Innovation has been key behind existence of this industry. The market itself is driven by technology and novel innovation that are been added to basic working systems of kitchen appliances. Technologies such as reduced energy consumption and power management, multiple actions and real-time monitoring systems, temperature monitoring sensors, internet of things, Wi-Fi connectivity, voice-enabled systems, reduced noise levels and more.

The M&A activities are (mergers & acquisitions) at moderate level in Europe smart kitchen market. Often, established companies who have been in business since long time have been acquiring other companies with an intent to expand their portfolio or strengthen their existence in particular regional market or segment of the industry. For instance, in November 2021, Haier Europe acquired Appliances Italia to strengthen their positon in cooking category.

Impact of regulations on the market is also at moderate level. The key regulations that have impact on market involve food contact materials (FCM) regulations, use of heavy metals, restrictions regarding FCMs, declaration of compliances, good manufacturing practices, CE directives, and electrical safety standards.

Product Insights

The smart refrigerators market in Europe held a revenue share of 33.83% in 2023. These refrigerators are equipped with technologies such as remote monitoring, automatic temperature adjustments, and camera technology among others.

On the other hand, Smart Cookware & Cooktops market is expected to grow at CAGR of 16.9% from 2024 to 2030. This market has been gaining greater attention from household users who are buying these products with intent of adopting technology to save time and reduce the human effort involved. The market is poised for growth as innovation is assisting the manufacturers to add more features that are useful for users.

Application Insights

The residential market for smart kitchen appliances in Europe held revenue share of 60.52% in 2023. Residential users are buying these products more due to convenience offered by them, presence of cutting-edge technologies that reduce the time spent in kitchen while enhancing the results, and changing lifestyle that demand more time at work and travel every day. The market is expected to grow with accelerating pace owing to growing number of users trying to adopt these smart kitchen appliances in their regular cooking and dietary routines.

Europe smart kitchen appliances market for commercial application is projected to grow at CAGR of 15.3% from 2024 to 2030. This market is driven by availability of smart appliances which can be used at commercial level and larger scale processes, growing demand for processed and ready-to-eat food by consumers, inclusion of regular meals and beverages by corporates as enhanced employee engagement solutions and more.

Country Insights

Smart kitchen appliances market for the Germany accounted for revenue share of 20.91% in 2023. Numerous residents as well as business owners are now buying these products from premium range to embrace modern kitchen environments, which include assistance of multiple technologies. The Germany market has been experiencing growing residential customers adopting smart technologies to reduce the effort and time spent in the food preparations and cooking. Smart refrigerators have been popular in the country as one of the commonly used smart kitchen appliance.

UK smart kitchen appliances market is expected to grow at CAGR of 16.2% from 2024 to 2030. The anticipated growth can be attributed to incredible convenience offered by the smart technologies, which were not part of the older home appliances, luring value added features that are unprecedented in nature, and assistance provides by technologies in processes that take greater time and effort.

Key Europe Smart Kitchen Appliances Company Insights

The market is fragmented in nature with presence of many brands and companies operating in the same space, including similar technologies, and catering to same set of audiences. This industry consists of both established companies as well as new entrants.

• Bosch, company based in Germany, entails technologies invented by reputed German engineering, which are often developed with customer focused strategies. The company uses stainless steel in its well-received products such as self-cleaning and cooling fan. Robert Bosch GmbH, popular as Bosch, was founded in 1886 in Stuttgart and now it is headquartered in Gerlingen, Germany.

• Gaggenau, one of the oldest key market participant, has been in business of home appliances for more than centuries. This company is now headquartered in Germany; it produces convection ovens, smart refrigerators, coffee-machines, dishwashers and more.

Recent Developments

• In June 2022, the Electrolux AB participated in EuroCucina, Europe’s significant kitchen trade show to present GRO, a futuristic kitchen design that is designed to encourage people to adopt technology while making environment friendly decisions.

Europe Smart Kitchen Appliances Market Report Scope

Europe Smart Kitchen Appliances Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Europe sports betting market report based on product, application, and country: 

• Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Smart Refrigerators

  • Smart Cookware & Cooktops

  • Smart Dishwashers

  • Smart Ovens

  • Other Appliances

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential

  • Commercial

• Country Outlook

  • UK

  • Germany

  • France

  • Spain

  • Italy