Smart Home Appliances Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40419

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The smart home appliances market size is expected to grow by USD 31.66 bn and record a CAGR of 16% during 2020-2024.

This post-pandemic global smart home appliances market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this smart home appliances market analysis report, key drivers such as adoption of wireless connecting devices have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Smart Home Appliances Market Size be in 2020?

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Who are the Key Vendors in the Smart Home Appliances Market?

The smart home appliances market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:

 

  • AB Electrolux
  • General Electric Co.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Whirlpool Corp.

 

The smart home appliances market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This smart home appliances market report further entails segmentations by Product (Smart washing machines, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers), Distribution channel (Offline and Online), and Geographic Landscape (North America, APAC, Europe, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Smart Home Appliances Market?

Smart-Home-Appliances-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the smart home appliances market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The growing smartphone penetration and increasing internet speed will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for smart home appliances market in the region. This report provides estimations of the contribution of all regions to the growth of the smart home appliances market size.

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What are the Key Factors Covered in this Smart Home Appliances Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive smart home appliances market growth during the next five years
  • Precise estimation of the smart home appliances market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart home appliances market industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart home appliances market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The smart home appliances market growth will increase by $31.66 billion during 2019-2024.
The smart home appliances market is expected to grow at a CAGR of 16.45% during 2019-2024.
Technavio has segmented the smart home appliances market by product (Smart washing machines and dryers, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers) and geographic (North America, Europe, APAC, South America, and MEA).
AB Electrolux, General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd. , Sharp Corp., Whirlpool Corp. are a few of the key vendors in the smart home appliances market.
APAC will register the highest growth rate of 40.15% among the other regions. Therefore, the smart home appliances market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the smart home appliances market growth are:
  • Product innovation in terms of technology, performance, features, and design
The smart home appliances market vendors should focus on grabbing business opportunities from the smart washing machines and dryers segment as it accounted for the largest market share in the base year.
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