Europe Smart Dishwasher Market Introduction
Growing consumer concerns to reduce energy consumption and save resources has never been more crucial than now. This has a major impact on home appliances industry when it comes to demand for advanced home appliances especially kitchen appliances. Also, consumers are becoming more selective while purchasing kitchen appliances such as washers & dryers, and dishwashers based on performance, energy consumption, and innovative features embedded in these appliances. This, in turn, is encouraging key players to introduce energy efficient, cost-effective and innovative dishwashers with connectivity features to bring comfort in the lives of consumers and enhance overall product experience.
Demand for smart dishwashers is expected to increase across the region owing to development of new premium apartments and housing societies. Also, increasing water and electricity prices in major countries such as Germany, and UK is expected to encourage households to invest on energy efficient dishwashers in the coming years. This is projected to fuel growth of the smart dishwasher market in the region during the forecast period. However, growth in sale of dishwashers in major countries of Europe mainly comes from replacement and the average replacement cycle of smart dishwashers is more than 5 to 6 years. This, in turn, is anticipated to lead to sluggish growth in the smart dishwasher sale after 2 to 3 years down the line.
The Europe smart dishwasher market has been segmented into size, product type, price range, distribution channel, and end user. Based on size the Europe smart dishwashers market has been classified into full-size dishwasher, compact dishwasher, and slim-line dishwasher. The product type segment includes freestanding dishwasher and integrated dishwasher. The Europe smart dishwasher market has been bifurcated based on price range into high priced, mid-priced, and low-priced smart dishwasher. The end user segments analyzed in the Europe smart dishwasher research study are commercial and residential sectors.
Major geographies analyzed in the Europe dishwasher market are Eastern Europe, and Western Europe. Of these regions, in terms of value, Western Europe was the dominant market in 2016. Markets covered in European regions are Germany, UK, France, Spain, Italy, rest of Western Europe, Poland, Russia, and rest of Eastern Europe.
Europe Smart Dishwasher Market Competitive Landscape
Major players offering smart dishwashers are BeKo Electrical Appliances Co Ltd, Hotpoint Ltd., BSH Home Appliances Group (Bosch), Samsung Group, LG Electronics Inc., Miele, Whirlpool Corporation, and GE Appliances. These players are focused towards investing substantial amount on research and development activities to come up with advanced dishwashers equipped with innovative features so as to gain first mover advantage and differentiate themselves from competitors.
This research report on Europe smart dishwasher market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.