Global Smart Dishwasher Market Size, By Product(Free-Standing Dishwasher, Built-in Dishwasher), By Application (Household, Commercial), By Distribution Channel (Offline, Online), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Market Competition Scenario & Outlook, 2020-2026
- Published Date: August 2020
- Report ID: BWC20128
- Available Format: PDF
- Page: 163
Global Smart Dishwasher Market – Market Outlook & Trends
The Global Smart Dishwasher Market appraised at USD 2.4 billion in 2019 and is expected to reach USD 4.50 billion by 2026, at a CAGR of 9.40% during the forecast period. The need for improving lifestyles & routines and increasing disposable incomes are the driving forces behind the Global Smart Dishwasher Market. The rising living standards and disposable incomes push the demand for home modernization, makeover and development projects, particularly in the developed regions. Kitchen has become a focal point of renovation in a household due to accessibility to smart technology. The kitchen chores take a lot of time in daily routine, so people invest more money into buying smart kitchen accessories that add to the convenience and save time. Consumer's preference for smart products combined with changing socio-demographical dynamics has contributed significantly to the rise of modern kitchens. Therefore, the Global Smart Dishwasher Market holds good potential over the projected period.
Global Smart Dishwasher Market – Overview
A smart dishwasher is one of the smart home appliances, which comes with improved features such as Wi-Fi connectivity and elasticity choices, smartphone controls and voice panels with virtual home-helper besides the standard features of the regular dishwasher. Smart dishwashers are highly competent, flexible, and known to remove typical stains, including food particles remaining on plates or dishes. Besides, the improved features in smart dishwasher allow users to integrate dishwasher into their smart home design. Their remote controllability feature further drives the demand for smart dishwasher over the forecast period.
Diverse, innovative technologies
Innovative technologies in the kitchen accessories that work smartly, growing spending on kitchen or home enrichment designs and remodelling the old kitchen ideas are some of the key contributing factors for the smart dishwasher market in the coming projection period. Besides, the accessibility of remote operating smart dishwasher is expected to augment the request side of the market.
The growing significance of kitchen renovation
The kitchen revamping has received a lot of attention of interior designers and homemakers in recent times. And, it becomes a crucial matter for the development of the smart dishwasher's market. Changing preferences and lifestyles of customers due to rapid urbanization require a kitchen revamp or remodelling. A modular kitchen with smart accessories is the latest development in the home renovation or structure, inducing market for smart dishwasher.
Increasing internet penetration
Increasing Wi-Fi availability and penetration in every household induces the use of smart kitchenware and other gadgets in the house. The ability to connect with the whole smart home system and remote operability enhance the utility of dishwashers. The Wi-Fi-enabled dishwasher permits owners to cope with the cleaning procedure, allowing them to start and track cycles remotely via phone or tablet. For instance, LG Wi-Fi enabled smart dishwashers to come with built-in SmartThinQ technology that gives mobile alerts when a process is over. The SmartThinQ technology linked with Google Assistant and Amazon Alexa allows voice commands for cleaning without any requirement of manual activities. The Wi-Fi allowed smart technology dishwashers bring excellent cleaning results with time, energy & water savings. These benefits promise lucrative market for dishwasher during the projected period.
Global Smart Dishwasher Market: Segmentation
Based on product, the Global Dishwasher Market is segmented into two-Freestanding Dishwasher and Built-in Dishwasher. In terms of value, the freestanding dishwasher section held a market share of 57.2% in 2019 and is expected to register substantial CAGR over the projection period due to its increasing adoption rate in households and commercial places. Freestanding dishwashers are suitable and versatile and can be transferred to any kitchen location as per the user's obligation. Besides, freestanding type costs less than a built-in model and does not require any specific installation. This dishwasher is suitable for homes with small kitchens and is expected to gain significant traction in the coming years.
Based on application, the market is divided into Residential and Commercial segments. In terms of value, the household application segment dominated the market with 81.9% share in 2019 and is anticipated to grow with substantial CAGR during projection period due to growing numbers of homeowners adopting smart home technology. At present, more and more the households in developed nations are in favor of using Wi-Fi smart accessories and making smart home to add convenience to their lifestyle. Besides, rising internet penetration and increasing disposable income are predicted to push the request for smart dishwasher over the forecast period. The commercial segment is also expected to witness more than 8% CAGR over the forecast period due to the rapid growth of the hotels, cafes, and restaurants. They extensively own smart dishwashers to clean loads of dishes efficiently and conveniently using less water ingesting.
Based on region, Global Smart Dishwasher Market is segmented by key regions— North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Globally, Europe retains the significant share in the Global Smart Dishwasher Market and, is projected to witness the highest CAGR due to the growing working populace and consumer preference towards convenient and connected home and rising penetration of smart household over the prediction period. Germany stays ahead in the use of smart dishwashers in the European region and is anticipated to register a notable CAGR during the forthcoming period. North America is also likely to register modest CAGR due to the growing usage of smart home devices and an increasing number of smart homes. East Asia region is poised to witness relatively consistent growth in comparison to Latin America and the Middle East & Africa in terms of both value and volume due to available opportunities in the East Asia region in the coming valuation period.
The leading companies in the market are 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 and other players.
Ø In June 2018, Whirlpool Corporation, a USA based company, manufacturer and marketer of major home appliances in the country, acquired Elica PB India Private Limited for USD 25 million in an all-cash deal.
Ø In 2020, Whirlpool has introduced Whirpool WFC3C24PUK dishwasher with the Company's 6th Sense Technology that uses sensors to detect how dirty the plates are and change the settings accordingly.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By Product, By Application, By Distribution Channels and By Region.
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 and others.
Ø Free-Standing Dishwasher
Ø Built-in Dishwasher
By Distribution Channels
Ø North America
Ø Asia Pacific
Ø South America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and estimate the Global Smart Dishwasher Market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global Smart Dishwasher Market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.
Ø To outline, categorize and project the Global Smart Dishwasher Market based on the Product, Application, Distribution Channel and Region.
Ø To examine competitive developments in product features, distribution channel and diverse applicatiion within the Global Smart Dishwasher Market.
Ø To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.
Business Questions Answered by the Report
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect the existing and new players?
Customization Scope for the Client
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
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