According to a report, “Smart Dishwasher Market Size, Share & Trends Analysis Report By Product, By Application (Household, Commercial), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2020 – 2027”, published by Grand View Research, Inc.,The global smart dishwasher market is expected to value at USD 5.0 Billion at a CAGR of 9.4%, according to a report by Grand View Research, Inc. Smart dishwashers have gained huge popularity due to consumer spending on electrical appliances. Additionally, consumer preference for smart appliances for kitchen is likely to influence the market development throughout the forecast period. It is also likely that the growing scope of digital technology would boost the market for digital home appliances in the near future.
Increase in disposable income and consumer inclination is likely to enhance the market demand in the coming years. Availability of range of vigorous products for medium and large homes, and growing competition is likely to attract market growth during the forecast period. Rise in demand for home renovation and digitization remains pivotal for market growth. Moreover, shift in consumer trends have a direct impact on retail segment for electrical appliances
Digitized smart dishwashers can connect with Wi-Fi and bluetooth enabled with remote assistant options. Other features like home assistant, IoT connectivity are incorporated within dishwashers resembling unique features for home appliances. Other factors such as improvements in the lifestyle and rising trend of nuclear family is expected to drive the demand for smart dishwashers in the following years.
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Covid-19 Effect:
The spread of coronavirus has impacted the sales of electrical appliances in the first two quarters of 2020. However, in China the retail segment has topped the popularity for home devices. For instance, the sale of smart washers attained a significant rise in 2020 as compared to the sales in 2019. The demand for contactless devices have gained a huge popularity in the consumer segment in China. As global economies are resuming to normal, the market for smart home appliances is expected to witness a significant traction in the near future. Moreover, consumer preference for automated devices is driving the market growth. It is also anticipated that the covid-19 effect would enable social distancing and precautionary norms thereby thriving the e-commerce for smart gadgets and home appliances.
Further Finding From the Report Suggest:
l Household application segment is anticipated to result in high market share attributing to the positive rise in commercial sector
l Built-in dishwashers have gained a huge momentum attributing to increase in demand for household applications
l North America is the leading market for smart dishwashers resulting in a high revenue share. The regional markets are flooded with top brands for high-end consumer categories
l Asia Pacific is expected to result in emerging market owing to high adoption of smart gadgets and shift in consumer preference. Moreover, presence of key players is expected to influence the market growth significantly
Product Insights
In terms of value, the free standing dishwasher segment held market share of 57.2% in 2019. This product segment is projected to grow with notable CAGR over the forecast period. The high share of this segment is attributed to its rising adoption rate in households and commercial places. Free standing dishwashers are convenient and versatile and can be frequently relocated to any place in the kitchen as per the user’s requirement. This type of dishwasher is highly preferred by tenants as they are not a permanent installation. In addition, free standing type costs less than a built-in model and doesn’t require any special installation. This type of dishwasher is great for homes with small kitchens and foreseen to gain significant traction in coming years.
Built-in dishwasher is projected to witness highest CAGR of 9.5% from 2020 to 2027. The growth of this segment is attributed to its advanced features as compared to freestanding models, including multiple specialized wash cycles, spray arms, and targeted sprays for hard-to-clean items like dishes or pans. This type of dishwasher is available with useful options such as digital timers and load-sensing technology, as well as multiple cycles. The appliance can fit beneath counter top, flush to kitchen cabinets, and can provide arranged and streamlined look, which many consumers desire. These factors are expected to drive segment growth over the forecast period.
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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)
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Free Standing Dishwasher
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Built-in Dishwasher
Smart Dishwasher Application Outlook (Revenue, USD Million, 2016 – 2027)
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Household
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Commercial
Smart Dishwasher Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)
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Offline
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Online
Smart Dishwasher Regional Outlook (Revenue, USD Million, 2016 – 2027)
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North America
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U.S.
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Europe
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Germany
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France
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Asia Pacific
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China
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Japan
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Central & South America
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Brazil
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Middle East & Africa
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South Africa
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List of Key Players of Smart Dishwasher Market
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Robert Bosch GmbH
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LG Electronics
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SAMSUNG ELECTRONICS CO., LTD.
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Haier Group Corporation
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Electrolux AB
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Whirlpool Corporation
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Miele & Cie. KG
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Panasonic Corporation
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Arçelik A.Ş.
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SMEG S.p.A.
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