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Smart Home Appliances Market Size, Share & Trends Analysis Report By Distribution Channel (Online, Offline), By Product (Smart Washing Machines, Smart Air Purifiers), By Region (APAC, Europe), And Segment Forecasts, 2022 - 2030

July 2022 | 99 pages | ID: S22EBB586BBCEN
Grand View Research, Inc.

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Smart Home Appliances Market Growth & Trends

The global smart home appliances market size is expected to reach USD 64.69 billion by 2030, registering a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is largely driven by factors, such as growing penetration of smart homes across the globe, rapid developments & advancements in the IT infrastructure,changing demographic preferences, and the need to safeguard the global environment from polluting effluents, such as Greenhouse Gasses (GHG) and toxic wastes.Brands are offering a wide range of products keeping in mind the millennial and Gen-Z generations, resulting in a plethora of opportunities in the industry.

From using premium smart lights to advanced AI faucets, the trend bodes well for the future of the market.Technological innovations incorporated into homes have been key demand driving factors for this industry. Home appliance brands are making it easier to recreate a customized experience at home by offering luxury tech-driven home appliances that are designed to multi-task with automation and are AI-driven. For instance, Electrolux AB has an ongoing extensive modularization program that lowers product development and production costs. Nearly 65% of the company’s home appliances are manufactured at a low cost.Smart washing machines emerged as the largest segment in 2021 and this segment is expected to be dominant during the forecast period.

The smart air purifiers segment is expected to register the fastest CAGR from 2022 to 2030. Increased attention to the hygiene factor across the globe, especially because of the COVID-19 pandemic, is fueling the growth of the smart air purifiers segment. According to the World Health Organization (WHO), 9 out of 10 people breathe contaminated air containing a high level of pollutants. It states that outdoor and indoor air pollution leads to around 7 million premature deaths every year, out of which 3.8 million people die because of exposure to indoor air pollution. The industry is characterized by the presence of several well-established players that account for considerable market shares and have a strong presence across the globe. The industry also consists of small- to mid-sized players that offer a selected range of products and mostly serve regional customers.

Smart Home Appliances Market Report Highlights
  • The growing penetration of smart homesacross the globe is driving the demand for various smart home appliances
  • North America was the largest regional marketin 2021 due tothe high number of renovation activities and reconstruction of old commercial as well as residential infrastructure spaces
  • The Asia Pacific regionis expected to register a healthy CAGR from 2022 to 2030due to increasing disposable income levels and high product demand
  • The smart air purifiers product category is expected to grow at the fastest CAGRfrom 2022 to 2030. The increasing consciousness about health and adoption of advanced technologies will fuel the demand for air purifiers in the coming years
  • The growing popularity of online shopping and smart & connected devices among millennials as well as the young population will boost the product sale through the online distribution channel
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution Outlook
2.4. Regional Outlook

CHAPTER 3. SMART HOME APPLIANCES MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Sales/Retail Channel Analysis
  3.3.2. Profit Margin Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Industry Challenges
  3.4.4. Industry Opportunities
3.5. Business Environment Analysis
  3.5.1. Industry Analysis - Porter’s
    3.5.1.1. Supplier Power
    3.5.1.2. Buyer Power
    3.5.1.3. Substitution Threat
    3.5.1.4. Threat from New Entrant
    3.5.1.5. Competitive Rivalry
3.6. Roadmap of Smart home appliances Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Smart home appliances Market

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

CHAPTER 5. SMART HOME APPLIANCES MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1. Product Movement Analysis & Market Share, 2021 & 2030
5.2. Smart Washing Machines
  5.2.1. Smart washing machines market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Smart Refrigerators
  5.3.1. Smart refrigerators market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Smart Air Purifiers
  5.4.1. Smart air purifiers market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Smart TV
  5.5.1. Smart TV market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Others
  5.6.1. Others market estimates and forecast, 2017 - 2030 (USD Million)

CHAPTER 6. SMART HOME APPLIANCES MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.2. Online
  6.2.1. Market estimates and forecast through online distribution channel, 2017 - 2030 (USD Million)
6.3. Offline
  6.3.1. Market estimates and forecast through offline distribution channel, 2017 - 2030 (USD Million)

CHAPTER 7. SMART HOME APPLIANCES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
  7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  7.2.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.2.4. U.S.
    7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.2.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
7.3. Europe
  7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  7.3.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.3.4. U.K.
    7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.3.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
7.4. Asia Pacific
  7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  7.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.4.4. China
    7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.4.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.4.5. India
    7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.4.5.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.4.6. Japan
    7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.4.6.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
7.5. Central & South America
  7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  7.5.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.5.4. Brazil
    7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.5.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
  7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  7.6.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
  7.6.4. South Africa
    7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
    7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
    7.6.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)

CHAPTER 8. COMPETITIVE ANALYSIS

8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
  8.3.1. Key company market share analysis, 2021

CHAPTER 9. COMPANY PROFILES

9.1. Samsung Electronics Co. Ltd
  9.1.1. Company Overview
  9.1.2. Financial Performance
  9.1.3. Product Benchmarking
  9.1.4. Strategic Initiatives
9.2. BSH Hausger?te GmbH
  9.2.1. Company Overview
  9.2.2. Financial Performance
  9.2.3. Product Benchmarking
  9.2.4. Strategic Initiatives
9.3. Whirlpool Corporation
  9.3.1. Company Overview
  9.3.2. Financial Performance
  9.3.3. Product Benchmarking
  9.3.4. Strategic Initiatives
9.4. LG Electronics
  9.4.1. Company Overview
  9.4.2. Financial Performance
  9.4.3. Product Benchmarking
  9.4.4. Strategic Initiatives
9.5. Electrolux AB
  9.5.1. Company Overview
  9.5.2. Financial Performance
  9.5.3. Product Benchmarking
  9.5.4. Strategic Initiatives
9.6. Panasonic Corporation
  9.6.1. Company Overview
  9.6.2. Financial Performance
  9.6.3. Product Benchmarking
  9.6.4. Strategic Initiatives
9.7. Haier Group
  9.7.1. Company Overview
  9.7.2. Financial Performance
  9.7.3. Product Benchmarking
  9.7.4. Strategic Initiatives
9.8. Koninklijke Philips N.V
  9.8.1. Company Overview
  9.8.2. Financial Performance
  9.8.3. Product Benchmarking
  9.8.4. Strategic Initiatives
9.9. GE Appliances
  9.9.1. Company Overview
  9.9.2. Financial Performance
  9.9.3. Product Benchmarking
  9.9.4. Strategic Initiatives
9.10. Xiaomi Corporation
  9.10.1. Company Overview
  9.10.2. Financial Performance
  9.10.3. Product Benchmarking
  9.10.4. Strategic Initiatives
LIST OF TABLES

1. Smart home appliances market - Driving factor market analysis
2. Smart home appliances market - Restraint factor market analysis
3. Smart washing machines market estimates and forecast, 2017 - 2030 (USD Million)
4. Smart refrigerators market estimates and forecast, 2017 - 2030 (USD Million)
5. Smart air purifiers market estimates and forecast, 2017 - 2030 (USD Million)
6. Smart TV market estimates and forecast, 2017 - 2030 (USD Million)
7. Others market estimates and forecast, 2017 - 2030 (USD Million)
8. Smart home appliances market estimates and forecast through offline channel, 2017 - 2030 (USD Million)
9. Smart home appliances market estimates and forecast through online channel, 2017 - 2030 (USD Million)
10. North America smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
11. North America smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
12. North America smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
13. U.S. smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
14. U.S. smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
15. U.S. smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
16. Europe smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
17. Europe smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
18. Europe smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
19. U.K. smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
20. U.K. smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
21. U.K. smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
22. Asia Pacific smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
23. Asia Pacific smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
24. Asia Pacific smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
25. China smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
26. China smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
27. China smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
28. India smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
29. India smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
30. India smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
31. Japan smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
32. Japan smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
33. Japan smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
34. Central & South America smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
35. Central & South America smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
36. Central & South America smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
37. Brazil smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
38. Brazil smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
39. Brazil smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
40. Middle East & Africa smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
41. Middle East & Africa smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
42. Middle East & Africa smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
43. South Africa smart home appliances market estimates and forecast, 2017 - 2030 (USD Million)
44. South Africa smart home appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
45. South Africa smart home appliances market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
46. Company categorization
LIST OF FIGURES

1. Smart home appliances market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Smart home appliances market - Penetration & growth prospect mapping
7. Smart home appliances market - Value chain analysis
8. Increase in spending on home remodeling projects, 2018 - 2020 (USD Billion)
9. Smart home appliances market: Porter’s Five Forces Analysis
10. Roadmap of the smart home appliances market
11. Spending on smart home appliances, by age, 2020
12. Preference for smart home appliances, by gender, 2019
13. Smart home appliances market: Product share (%) analysis, 2021 & 2030
14. Smart home appliances market: Distribution channel share (%) analysis, 2021 & 2030
15. Smart home appliances market: Regional share (%) analysis, 2021 & 2030
16. Smart home appliances market: Estimated company market share (%) analysis, 2021


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