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Smart Dishwasher Market Expected Highest Growth of USD 5.0 Billion By 2027 | Grand View Research Inc.

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Smart Dishwasher Market Expected Highest Growth of USD 5.0 Billion By 2027 | Grand View Research Inc.

December 08
12:21 2020
Smart Dishwasher Market Expected Highest Growth of USD 5.0 Billion By 2027 | Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, 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.

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 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. 

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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. 

U.S. smart dishwasher market size

Smart Dishwasher Market Report Highlights

  • The built-in dishwasher product segment is expected to reach USD 2.2 billion by 2027, expanding at a CAGR of 9.5% from 2020 to 2027

  • The household application segment was valued at USD 1.1 billion in 2019 and is expected to reach USD 4.2 billion by 2027

  • Asia Pacific is expected to witness substantial growth over the forecast period with a revenue based CAGR of 11.7% from 2020 to 2027.

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.

Global smart dishwasher market share 

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)

  • Free Standing Dishwasher

  • Built-in Dishwasher

Smart Dishwasher Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Household

  • Commercial

Smart Dishwasher Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)

  • Offline

  • Online

Smart Dishwasher Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

List of Key Players of Smart Dishwasher Market

  • 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.

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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