Smart Dishwasher Market Size Worth .0 Billion By 2027 | CAGR 9.4%
Posted by Nicky Arora on April 16th, 2021
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.
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Smart Dishwasher Market Report Highlights
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)
Smart Dishwasher Application Outlook (Revenue, USD Million, 2016 - 2027)
Smart Dishwasher Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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