Market Size of Europe Smart Cooker Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Smart Cooker Market Analysis
Europe Smart Cooker Market is poised to grow at a CAGR of 7% during the forecast period.
Sales prospects of smart cookers were largely unaffected by COVID-19. Despite the rigorous implementation of prohibitions on industrial and logistical operations, growth was observed in the market in 2019. At the peak of the pandemic, consumers' growing concerns for the environment encouraged them to spend money on efficient and intelligent equipment, leading to the purchase of smart cookers.
IoT-enabled appliances known as "smart cookers" are largely used in household and hospitality kitchens. Users can now remotely operate and control smart appliances and devices using smartphones and tablets owing to the integration of Bluetooth and Wi-Fi. With a primary focus on increasing efficiency in the kitchen and minimizing the time spent cleaning and cooking, the adoption of smart homes has substantially altered the kitchen scene.
Cookers are frequently used by people to meet their daily food needs. The demand for such products is primarily influenced by pot capacity, design material, and cooking time. Modern hotel chefs and housekeepers are turning to multifunctional kitchen appliances to prepare meals quickly. As a result, well-known manufacturers are concentrating on providing multifunctional gadgets to fulfill these diverse client needs.
