Market Share for Smart Home Appliances
The smart home appliances market is fragmented and characterized by strong competition among major companies, which have high brand awareness, a wide geographical presence, and vast distribution networks. These market players are projected to drive innovation by improving R&D activities and diversifying their product offerings to gain a competitive edge.
The key winning essentials that set players apart in any market include the identification of consumer trends, addressing their demands, and providing innovative yet eco-friendly products. Several new entrants in the market focus on improving the e-commerce sales channels, as they do not have a rigid supply chain model, and also due to the rise in consumer inclination toward online platforms, owing to their convenience and flexibility.
Top Smart Home Appliance Manufacturers:
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- Panasonic Holdings Corporation
- Whirlpool Corporation
- Haier Group
- Koninklijke Philips N.V.
- Robert Bosch GmbH
- Xiaomi Corporation
- Daikin Industries Ltd.
- Carrier Global Corporation
- Johnson Controls International plc
- Apple Inc.