Market Size of Smart Cooker Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Smart Cooker Market Analysis
The smart cooker market is poised to grow at a CAGR of 5% during the forecast period.
The global smart cooker market has certainly slowed down due to the COVID-19 outbreak but has gradually gained traction in the post-pandemic period. Governments all around the world have enacted lockdowns, which have had an impact on the majority of industrial players and forced people to stay inside their houses, reducing human contact. To maintain company continuity during the COVID-19 pandemic, the majority of businesses have allowed workers to work from home. This is anticipated to restrain the growth of the market for smart home devices throughout the forecast period. The limitations placed on production operations to adhere to social distance norms are predicted to impede the development of the electronics sector, which is then anticipated to limit the market share for the smart cooker market. Manufacturing operations in the electronics sector have been interrupted due to the COVID-19 crisis. Furthermore, the COVID-19 outbreak has resulted in the sealing of international borders, which has caused a severe decline in the demand for smart cooker devices and related products across the globe.
A smart cooker is a gadget that automates the cooking process using technology. The temperature, cooking time, and even ingredient additions while the appliance is running can all be managed in this manner. As it offers many advantages over conventional cookers, smart cookers are growing in popularity.
Smart Cookers are high-tech multi-function ovens, or "smart cookers," which may cook in a variety of ways with only a few basic commands (often a button push), reducing some of the guesswork involved in the cooking process. The entire cooking procedure is mechanized. The appliance cooks the meals at the ideal temperature and time, turn them off, and maintains warmth on its own.
