Smart Appliances - Tanzania | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$11.8m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.09%, resulting in a projected market volume of US$21.9m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 334.2k users by 2029.
Household penetration will be 1.2% in 2024 and is expected to hit 2.2% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$78.06.

Definition:

Smart Appliances market includes connected versions of all kinds of household appliances. This includes large appliances (fridges, washing machines, ovens etc.) as well as small appliances (microwaves, coffee machines, vacuum and mowing robots etc.), provided they are connected to the internet. An indirect connection via a local network is also possible, as long as the remote access and control of the respective appliances via the connection is given.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Irobot, LG, Samsung, Xiaomi, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

Directly or indirectly internet-controllable household appliances
Large appliances such as fridges, washing machines, dishwashers, ovens (e.g., Samsung Side-by-Side, E, 614 ℓ, LG GSXV90MCDE Side-by-Side )
Small appliances such as coffee machines (e.g., Bosch CTL636EB6), vacuum and mowing robots (e.g., Roborock S8 Pro Ultra Robot Vacuum Cleaner), microwaves (e.g., SARO SAMSUNG MJ2691)

Any other smart home device (partially also referred to as “appliances”)
Any non-connected household appliances
B2B/C2C sales of any kind (e.g., to hotels or office buildings)

The Smart Appliances market in Tanzania is experiencing significant growth due to increasing customer preferences for convenience and energy efficiency.

Customer preferences: Customers in Tanzania are increasingly looking for appliances that offer convenience and ease of use. Smart appliances, such as smart refrigerators and washing machines, provide features like remote control and monitoring through smartphone apps, making them highly appealing to tech-savvy consumers. Additionally, energy efficiency is a key consideration for customers in Tanzania, as they seek to reduce their electricity consumption and lower their utility bills. Smart appliances are designed to be energy-efficient, offering features like automatic power-saving modes and energy usage monitoring, which align with the preferences of Tanzanian consumers.

Trends in the market: One of the key trends in the Smart Appliances market in Tanzania is the adoption of smart refrigerators. These refrigerators offer features like temperature control, inventory management, and even the ability to order groceries online. This trend is driven by the increasing demand for convenience and the desire to reduce food wastage. Smart refrigerators allow users to keep track of their food inventory and receive notifications when items are running low, enabling them to plan their grocery shopping more efficiently. Another trend in the market is the growing popularity of smart washing machines. These appliances offer features like remote control, customized wash cycles, and water usage monitoring. Tanzanian consumers are increasingly seeking appliances that can help them save time and make their daily chores more convenient. Smart washing machines allow users to start and monitor their laundry cycles from their smartphones, freeing up their time for other activities. Additionally, the water usage monitoring feature helps users conserve water, which is particularly important in regions with water scarcity.

Local special circumstances: Tanzania has a growing middle class population, which is driving the demand for smart appliances. As disposable incomes increase, consumers are willing to invest in appliances that offer convenience and energy efficiency. Additionally, the government of Tanzania has been actively promoting energy efficiency and renewable energy initiatives. This has created a favorable environment for the adoption of smart appliances, as consumers are encouraged to choose energy-efficient options.

Underlying macroeconomic factors: The Tanzanian economy has been experiencing steady economic growth, which has contributed to the rising purchasing power of consumers. This economic growth has led to an increase in disposable incomes, allowing consumers to spend more on appliances, including smart appliances. Furthermore, the government's focus on improving access to electricity in rural areas has expanded the potential market for smart appliances. As more households gain access to electricity, the demand for appliances, including smart appliances, is expected to further increase. In conclusion, the Smart Appliances market in Tanzania is being driven by customer preferences for convenience and energy efficiency. The adoption of smart refrigerators and washing machines is on the rise, as consumers seek appliances that offer features like remote control, inventory management, and energy usage monitoring. The growing middle class population, government initiatives promoting energy efficiency, and steady economic growth are key factors contributing to the development of the Smart Appliances market in Tanzania.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

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