The global smart dishwasher market size is anticipated to reach USD 5.0 billion by 2027, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing home remodeling and renovation, rising popularity of smart home appliances, uplift in living standard, and increasing consumer spending on household products are likely to drive the market over the forecast period.
Smart
dishwashers are gaining popularity over standard versions due to added features
which offer high level of convenience and flexibility to consumers. The
appliance is more efficient and known to address various cleaning issues such
as food particle deposition on utensils. Also, enhanced features such as
wireless connectivity allow consumers to incorporate the appliance with smart
home design. With growing prominence of connected home appliances among
new constructions, and being integral part of kitchen, the appliance is likely
to witness significant traction in coming years.
Continuous
expansion in the residential construction sector has also paved the way for
smart appliances. Consumers, especially in developed countries are more
inclined towards experiencing convenience and flexibility through home
automation. As per the trading economics, the home ownership rate in the
European Union was 69.3% in 2018 and foreseen to increase in coming years. It
is likely to create an optimistic outlook for growth of the market. In
addition, rising adoption of connected kitchen appliances in
commercial spaces including restaurants, hotels, and cafes to efficiently clean
the loads of dishes and utensils is likely to propel its demand over the
forecast period.
By
product type, the built-in dishwasher segment is foreseen to witness maximum CAGR
owing to its rising adoption in household application. The appliance type has
advanced features as compared to the free standing type including specialized
wash cycle, spray arm, and targeted spray arm for hard-to-clean utensils such
as baking dishes and pans. In addition, it fits beneath the counter top, flush
to kitchen cabinets. These factors are expected to generate significant market
growth over the forecast period.
Europe
is foreseen to remain at forefront in terms of market share by accounting over
40.0% of revenue share till the end of 2027. The continuous increment in smart
household as well as remodeling projects across the region is foreseen to drive
the market over the forecast period.
Full Research Report On Smart Dishwasher Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/smart-dishwasher-market
Smart Dishwasher
Market Report Highlights
- The built-in dishwasher
product segment is expected to reach USD 2.2 billion by 2027, expanding at
a CAGR of 9.5% from 2020 to 2027
- The household application
segment was valued at USD 1.1 billion in 2019 and is expected to reach USD
4.2 billion by 2027
- Asia Pacific is expected to
witness substantial growth over the forecast period with a revenue based
CAGR of 11.7% from 2020 to 2027.
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Smart Dishwasher
Market Segmentation
Grand View Research has segmented
the global smart dishwasher market on the basis of product, application,
distribution channel, and region:
Smart Dishwasher
Product Outlook (Revenue, USD Million, 2016 - 2027)
- Free Standing Dishwasher
- Built-in Dishwasher
Smart Dishwasher
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Household
- Commercial
Smart Dishwasher
Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Offline
- Online
Smart
Dishwasher Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
List of Key Players
of Smart Dishwasher Market
- Robert Bosch GmbH
- LG Electronics
- SAMSUNG ELECTRONICS CO.,
LTD.
- Haier Group Corporation
- Electrolux AB
- Whirlpool Corporation
- Miele & Cie. KG
- Panasonic Corporation
- Arçelik A.Ş.
- SMEG S.p.A.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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