LONDON–(BUSINESS WIRE)–Mar 13, 2020–
Technavio has been monitoring the smart home appliances market and it is poised to grow by USD 31.66 bn during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request a free sample report
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Technavio has announced its latest market research report titled Global Smart Home Market 2020-2024 (Graphic: Business Wire)
The market is fragmented, and the degree of fragmentation will increase during the forecast period. Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp. and Whirlpool Corp. are some of the major market participants. Although the growing adoption of wireless connecting devices and IoT will offer immense growth opportunities, high cost of smart home appliances will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing adoption of wireless connecting devices and IoT has been instrumental in driving the growth of the market. However, high cost of smart home appliances might hamper market growth.
Smart Home Appliances Market 2020-2024: Segmentation
Smart home appliances market is segmented as below:
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Smart Home Appliances Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart home appliances market report covers the following areas:
This study identifies growing smartphone penetration and increasing internet speed as one of the prime reasons driving the smart home appliances market growth during the next few years.
Smart Home Appliances Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the smart home appliances market, including some of the vendors such as Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp. and Whirlpool Corp. Backed with competitive intelligence and benchmarking, our research reports on the smart home appliances market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Smart Home Appliances Market 2020-2024: Key Highlights
Table of Content
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Drivers, Challenges, and Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: HOME GOODS RETAIL CONSUMER ELECTRONICS MOBILE/WIRELESS TECHNOLOGY
SOURCE: Technavio Research
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