The smart dishwasher market is vast, with a large number of global and local players. The key leaders follow various strategies to strengthen their market position, such as increasing product portfolio, expansions, mergers, acquisitions, and product innovations to enlarge their market share at the global level. The crucial players included in the report are Robert Bosch GmbH, Haier Group Corporation.LG Electronics, Electrolux AB, Samsung Electronics Co., Ltd., Whirlpool Corporation, Panasonic Corporation, Miele & Cie. KG, and Arçelik A.Åž.
In this research report, the smart dishwasher market is segmented by product, application, and region.
Free-Standing Dishwasher Segment Dominates by Product:
By product the report is categorized into the free-standing dishwasher and built-in dishwasher. The free-standing dishwasher segment dominates the product segment in 2019 with a maximum market share of 57.2%. It is due to the rising adoption in households and commercial places as it offers convenience and versatility. Moreover, tenants' increasing preference for smart dishwashers because it does not need permanent installation, and it is easy to relocate to any place in the kitchen as per the user’s need contributes to the product segment growth in the forecast period.
Household Segment Holds Maximum Share
By applications, the report is categorized into household and commercial. The household segment is accounted for the largest share of 81.9% in 2019. It is due to the expanding internet penetration and rising awareness regarding smart appliances. Moreover, the growing number of homeowners accepting smart home technology drives the application segment in the forecast period.
Europe dominates by Region:
In the regional outlook of the global smart dishwasher market, the Europe region dominates with a maximum market share of 42.7% in 2019. It is due to the rising access of smart household, with several kitchens and home remodeling projects in the regions. Moreover, the expanding working population, increasing consumers’ preference for smart home and kitchen appliances, with rising disposable income across Germany and other areas in Europe contribute to the smart dishwasher market's growth across Europe.
Global Smart Dishwasher Market Overview
The key driver impacting the smart dishwasher market is the rising penetration of smart households and smart products, and growing consumer preferences towards smart kitchen appliances are estimated to boost demand for smart dishwashers in the forecast period. For instance, According to the National Council for home security and safety, the smart house market in the U.S. alone will approach 40 billion USD in the US alone by 2020. Also, 57% of Americans say that using smart products in their house saves around182.5 hours a year, or roughly a week and a half. The growing fraction of people owning smart products in their house is observed with 47% of millennials already own some devices, whereas 70% who already own one product are looking to buy another one. Moreover, the growing internet penetration and high focus of consumers towards buying kitchen appliances with advanced features such as Wi-Fi connectivity, smartphone controls, and voice controls through virtual home assistant are also estimated to be an important determinant that adds growth to the market. For instance, globally, the number of internet users augmented from 413 million in 2000 to over 3.4 billion in 2016. The one billion obstacles were crossed in 2005 as per the world in the data report.
According to Value Market Research, the global smart dishwasher market was valued at around USD 2.4 billion in 2019 and is estimated to grow at a CAGR of about 9.4% during the forecast period of 2020-2026.
The improving lifestyles and rising disposable incomes have given rise to the home enhancement and home remodeling projects to refurbish conventional household structure, which is also predictable to augment market demand in the coming years. For instance, As per the report of the World Bank, net national income per capita was 8967.271 USD in 2014. It is raised to 8865.384 USD,9290.346 USD respectively in 2017 and 2018. However, the high cost of the smart dishwasher for the middle-income population groups may hamper the global smart dishwasher industry in the long run. The current industry trend, such as the rising importance of modern kitchen equipment in every home, inclined consumers focus towards renovating and decorating their home, and the development of innovative technologies in kitchenware appliances is expected to provide beneficial market opportunities for the key players in the forecast years.
Global Smart Dishwasher Market Share by Region (Representative Graph)
Market Segmentation covered in the Report:
By Product
- Free Standing Dishwasher
- Built-in Dishwasher
By Application
By Region
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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