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Microwave Oven Market By Structure, By Production, By Type: Global Opportunity Analysis and Industry Forecast, 2020-2031

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    Report

  • 225 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640323
UP TO OFF until Nov 15th 2024
The global microwave oven market was valued at $8,547.20 million in 2020, and is projected to reach $15,587.10 million by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Today, microwave ovens form an integral part of kitchen appliances. Microwave oven functions on thermal energy by heating the polar molecules in food, a process also known as dialectic heating. The microwave radiations emitted from microwave ovens are of shorter wavelength, but possess enormous amount of energy which facilitate faster cooking. Microwave ovens, depending on their power output, can alternatively use for roasting, baking and grilling. Microwave ovens are manufactured with varied features, include, touch display panels, heating chamber, vents and a glass turntable. North America is a major revenue contributing region to the global microwave oven market. The Asia-Pacific region is expected to witness an impressive growth in the microwave oven market. A significant increase in disposable income and growing working class segment would foster the growth of the Asia-Pacific microwave oven market. Increasing propensity of consumers to spend on appliances which assist them in kitchen chores has generated an increasing demand for microwave ovens. In addition, changing lifestyle has encouraged the individuals for opting stylish and convenient appliances which complement their living standards. However, prominent use of traditional cooking equipment in developing regions limits the growth of microwave oven market. Moreover, need of energy efficient kitchen appliances and growing demand for smart appliances are factors that would drive the growth of the microwave oven market.

However, in many regions, people still use traditional cooking equipment for cooking purposes. In many developing economies, majority of the population live in the rural areas, where use of traditional cooking equipment is still prevalent. For people in these areas traditional cooking equipment are more convenient than microwave oven due to tow key factors - lack of education/awareness and shortage of power/electricity, thus restricting the growth of the market.

In addition, increased disposable income has changed the consumption patterns of consumers and has influenced them to spend more on premium products. Market players are continuously launching energy efficient appliances at affordable prices, thus; increasing the popularity of these products among the consumers. Rising cost of electricity has also enforced consumers to opt for energy-efficient appliances.

Top players are adopting various strategies in the market in order to acquire a bigger market share in the microwave oven market. Their key development strategies include product launch and acquisition & expansion. In addition, the major key players included in the microwave oven market analysis are LG Electronics, Samsung Electronics, Alto-Shaam Inc., AB Electrolux, Sharp Corporation, Hoover Limited, Illinois Tool Works Inc., Galanz Enterprise Group, Whirlpool Corporation and Panasonic Corporation.

The global microwave oven market is segmented on the basis of type, production, structure and region. Three types of microwave oven are covered in this report such as convection, grill and solo. The convection microwave oven accounts for the largest market share within the global microwave oven market. Owing to its high functionality feature, convection microwave oven is witnessing a rapid growth. The report is also analyzed from the perspective of application of microwave oven. Household application of microwave oven accounts for a higher share than the commercial application. The product structure segment comprises built-in and counter top. Built-in microwave oven is expensive and involves installation charges, whereas counter top microwave ovens do not have any installation cost and can be placed conveniently in the kitchen. The report covers an in-depth analysis of the microwave oven market across North America, Europe, Asia Pacific and LAMEA.

KEY BENEFITS:

  • A thorough analysis of current and future trends in Global Microwave Oven market elucidates the imminent investment pockets in this region.
  • The report provides information regarding key drivers, restraints and opportunities with impact analysis- Porter’s five forces model and a SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market
  • Quantitative analysis of the current market and estimations through 2020-2031 are provided to showcase the financial appetency of the market
  • The report provides detailed analysis of Global Microwave Oven market with respect to type of microwave oven, types of application, product structure and region to enable stakeholders take precise investment decisions
  • Value chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the value chain

    Key Market Segments


By Structure

  • Built In
  • Counter Top

By Type

  • Convection
  • Grill
  • Solo

By Production

  • Commerical
  • Household

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Spain
  • Italy
  • Rest of Europe
  • U.K.
  • Germany
  • France
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Turkey
  • Rest of LAMEA

Key Market Players

  • Hoover Limited
  • Alto-Shaam Inc.
  • Illinois Tool Works Inc.
  • LG Electronics
  • Samsung Electronics
  • Galanz Enterprise Group
  • AB Electrolux
  • Sharp Corporation
  • Whirlpool Corporation
  • Panasonic Corporation

 

Please note:

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: MICROWAVE OVEN MARKET, BY STRUCTURE
4.1 Overview
4.1.1 Market size and forecast
4.2 Built In
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Counter Top
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: MICROWAVE OVEN MARKET, BY PRODUCTION
5.1 Overview
5.1.1 Market size and forecast
5.2 Commerical
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Household
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: MICROWAVE OVEN MARKET, BY TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Convection
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Grill
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Solo
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: MICROWAVE OVEN MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Structure
7.2.3 North America Market size and forecast, by Production
7.2.4 North America Market size and forecast, by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Structure
7.2.5.1.2 Market size and forecast, by Production
7.2.5.1.3 Market size and forecast, by Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Structure
7.2.5.2.2 Market size and forecast, by Production
7.2.5.2.3 Market size and forecast, by Type
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Structure
7.2.5.3.2 Market size and forecast, by Production
7.2.5.3.3 Market size and forecast, by Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Structure
7.3.3 Europe Market size and forecast, by Production
7.3.4 Europe Market size and forecast, by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 U.K.
7.3.5.1.1 Market size and forecast, by Structure
7.3.5.1.2 Market size and forecast, by Production
7.3.5.1.3 Market size and forecast, by Type
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Structure
7.3.5.2.2 Market size and forecast, by Production
7.3.5.2.3 Market size and forecast, by Type
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Structure
7.3.5.3.2 Market size and forecast, by Production
7.3.5.3.3 Market size and forecast, by Type
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Structure
7.3.5.4.2 Market size and forecast, by Production
7.3.5.4.3 Market size and forecast, by Type
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Structure
7.3.5.5.2 Market size and forecast, by Production
7.3.5.5.3 Market size and forecast, by Type
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Structure
7.3.5.6.2 Market size and forecast, by Production
7.3.5.6.3 Market size and forecast, by Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Structure
7.4.3 Asia-Pacific Market size and forecast, by Production
7.4.4 Asia-Pacific Market size and forecast, by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Structure
7.4.5.1.2 Market size and forecast, by Production
7.4.5.1.3 Market size and forecast, by Type
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Structure
7.4.5.2.2 Market size and forecast, by Production
7.4.5.2.3 Market size and forecast, by Type
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Structure
7.4.5.3.2 Market size and forecast, by Production
7.4.5.3.3 Market size and forecast, by Type
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Structure
7.4.5.4.2 Market size and forecast, by Production
7.4.5.4.3 Market size and forecast, by Type
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Structure
7.4.5.5.2 Market size and forecast, by Production
7.4.5.5.3 Market size and forecast, by Type
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Structure
7.4.5.6.2 Market size and forecast, by Production
7.4.5.6.3 Market size and forecast, by Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Structure
7.5.3 LAMEA Market size and forecast, by Production
7.5.4 LAMEA Market size and forecast, by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Structure
7.5.5.1.2 Market size and forecast, by Production
7.5.5.1.3 Market size and forecast, by Type
7.5.5.2 South Africa
7.5.5.2.1 Market size and forecast, by Structure
7.5.5.2.2 Market size and forecast, by Production
7.5.5.2.3 Market size and forecast, by Type
7.5.5.3 Saudi Arabia
7.5.5.3.1 Market size and forecast, by Structure
7.5.5.3.2 Market size and forecast, by Production
7.5.5.3.3 Market size and forecast, by Type
7.5.5.4 Turkey
7.5.5.4.1 Market size and forecast, by Structure
7.5.5.4.2 Market size and forecast, by Production
7.5.5.4.3 Market size and forecast, by Type
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by Structure
7.5.5.5.2 Market size and forecast, by Production
7.5.5.5.3 Market size and forecast, by Type
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Hoover Limited
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Alto-Shaam Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Illinois Tool Works Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 LG Electronics
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Samsung Electronics
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Galanz Enterprise Group
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 AB Electrolux
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sharp Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Whirlpool Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Panasonic Corporation
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 2. Microwave Oven Market Size, for Built In, by Region, 2020-2031 ($Million)
Table 3. Microwave Oven Market for Built in by Country, 2020-2031 ($Million)
Table 4. Microwave Oven Market Size, for Counter Top, by Region, 2020-2031 ($Million)
Table 5. Microwave Oven Market for Counter Top by Country, 2020-2031 ($Million)
Table 6. Global Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 7. Microwave Oven Market Size, for Commerical, by Region, 2020-2031 ($Million)
Table 8. Microwave Oven Market for Commerical by Country, 2020-2031 ($Million)
Table 9. Microwave Oven Market Size, for Household, by Region, 2020-2031 ($Million)
Table 10. Microwave Oven Market for Household by Country, 2020-2031 ($Million)
Table 11. Global Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 12. Microwave Oven Market Size, for Convection, by Region, 2020-2031 ($Million)
Table 13. Microwave Oven Market for Convection by Country, 2020-2031 ($Million)
Table 14. Microwave Oven Market Size, for Grill, by Region, 2020-2031 ($Million)
Table 15. Microwave Oven Market for Grill by Country, 2020-2031 ($Million)
Table 16. Microwave Oven Market Size, for Solo, by Region, 2020-2031 ($Million)
Table 17. Microwave Oven Market for Solo by Country, 2020-2031 ($Million)
Table 18. Microwave Oven Market, by Region, 2020-2031 ($Million)
Table 19. North America Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 20. North America Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 21. North America Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 22. North America Microwave Oven Market, by Country, 2020-2031 ($Million)
Table 23. U.S. Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 24. U.S. Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 25. U.S. Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 26. Canada Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 27. Canada Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 28. Canada Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 29. Mexico Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 30. Mexico Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 31. Mexico Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 32. Europe Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 33. Europe Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 34. Europe Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 35. Europe Microwave Oven Market, by Country, 2020-2031 ($Million)
Table 36. U.K. Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 37. U.K. Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 38. U.K. Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 39. Germany Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 40. Germany Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 41. Germany Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 42. France Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 43. France Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 44. France Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 45. Spain Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 46. Spain Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 47. Spain Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 48. Italy Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 49. Italy Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 50. Italy Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 51. Rest of Europe Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 52. Rest of Europe Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 53. Rest of Europe Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 54. Asia-Pacific Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 55. Asia-Pacific Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 56. Asia-Pacific Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 57. Asia-Pacific Microwave Oven Market, by Country, 2020-2031 ($Million)
Table 58. China Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 59. China Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 60. China Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 61. Japan Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 62. Japan Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 63. Japan Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 64. India Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 65. India Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 66. India Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 67. Australia Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 68. Australia Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 69. Australia Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 70. South Korea Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 71. South Korea Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 72. South Korea Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 73. Rest of Asia-Pacific Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 74. Rest of Asia-Pacific Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 75. Rest of Asia-Pacific Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 76. LAMEA Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 77. LAMEA Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 78. LAMEA Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 79. LAMEA Microwave Oven Market, by Country, 2020-2031 ($Million)
Table 80. Brazil Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 81. Brazil Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 82. Brazil Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 83. South Africa Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 84. South Africa Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 85. South Africa Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 86. Saudi Arabia Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 87. Saudi Arabia Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 88. Saudi Arabia Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 89. Turkey Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 90. Turkey Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 91. Turkey Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 92. Rest of LAMEA Microwave Oven Market, by Structure, 2020-2031 ($Million)
Table 93. Rest of LAMEA Microwave Oven Market, by Production, 2020-2031 ($Million)
Table 94. Rest of LAMEA Microwave Oven Market, by Type, 2020-2031 ($Million)
Table 95. Hoover Limited: Company Snapshot
Table 96. Hoover Limited: Operating Segments
Table 97. Hoover Limited: Product Portfolio
Table 98. Hoover Limited: Net Sales
Table 99. Hoover Limited: Key Stratergies
Table 100. Alto-Shaam Inc.: Company Snapshot
Table 101. Alto-Shaam Inc.: Operating Segments
Table 102. Alto-Shaam Inc.: Product Portfolio
Table 103. Alto-Shaam Inc.: Net Sales
Table 104. Alto-Shaam Inc.: Key Stratergies
Table 105. Illinois Tool Works Inc.: Company Snapshot
Table 106. Illinois Tool Works Inc.: Operating Segments
Table 107. Illinois Tool Works Inc.: Product Portfolio
Table 108. Illinois Tool Works Inc.: Net Sales
Table 109. Illinois Tool Works Inc.: Key Stratergies
Table 110. Lg Electronics: Company Snapshot
Table 111. Lg Electronics: Operating Segments
Table 112. Lg Electronics: Product Portfolio
Table 113. Lg Electronics: Net Sales
Table 114. Lg Electronics: Key Stratergies
Table 115. Samsung Electronics: Company Snapshot
Table 116. Samsung Electronics: Operating Segments
Table 117. Samsung Electronics: Product Portfolio
Table 118. Samsung Electronics: Net Sales
Table 119. Samsung Electronics: Key Stratergies
Table 120. Galanz Enterprise Group: Company Snapshot
Table 121. Galanz Enterprise Group: Operating Segments
Table 122. Galanz Enterprise Group: Product Portfolio
Table 123. Galanz Enterprise Group: Net Sales
Table 124. Galanz Enterprise Group: Key Stratergies
Table 125. Ab Electrolux: Company Snapshot
Table 126. Ab Electrolux: Operating Segments
Table 127. Ab Electrolux: Product Portfolio
Table 128. Ab Electrolux: Net Sales
Table 129. Ab Electrolux: Key Stratergies
Table 130. Sharp Corporation: Company Snapshot
Table 131. Sharp Corporation: Operating Segments
Table 132. Sharp Corporation: Product Portfolio
Table 133. Sharp Corporation: Net Sales
Table 134. Sharp Corporation: Key Stratergies
Table 135. Whirlpool Corporation: Company Snapshot
Table 136. Whirlpool Corporation: Operating Segments
Table 137. Whirlpool Corporation: Product Portfolio
Table 138. Whirlpool Corporation: Net Sales
Table 139. Whirlpool Corporation: Key Stratergies
Table 140. Panasonic Corporation: Company Snapshot
Table 141. Panasonic Corporation: Operating Segments
Table 142. Panasonic Corporation: Product Portfolio
Table 143. Panasonic Corporation: Net Sales
Table 144. Panasonic Corporation: Key Stratergies
LIST OF FIGURES
Figure 1. Microwave Oven Market Segmentation
Figure 2. Microwave Oven Market, 2020-2031
Figure 3. Microwave Oven Market, 2020-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Microwave Oven Market:Drivers, Restraints and Opportunities
Figure 12. Market Share Analysis
Figure 13. Microwave Oven Market, by Structure, 2020 (%)
Figure 14. Comparative Share Analysis of Built in Microwave Oven Market, 2020-2031 (%)
Figure 15. Comparative Share Analysis of Counter Top Microwave Oven Market, 2020-2031 (%)
Figure 16. Microwave Oven Market, by Production, 2020 (%)
Figure 17. Comparative Share Analysis of Commerical Microwave Oven Market, 2020-2031 (%)
Figure 18. Comparative Share Analysis of Household Microwave Oven Market, 2020-2031 (%)
Figure 19. Microwave Oven Market, by Type, 2020 (%)
Figure 20. Comparative Share Analysis of Convection Microwave Oven Market, 2020-2031 (%)
Figure 21. Comparative Share Analysis of Grill Microwave Oven Market, 2020-2031 (%)
Figure 22. Comparative Share Analysis of Solo Microwave Oven Market, 2020-2031 (%)
Figure 23. Microwave Oven Market by Region, 2020
Figure 24. U.S. Microwave Oven Market, 2020-2031 ($Million)
Figure 25. Canada Microwave Oven Market, 2020-2031 ($Million)
Figure 26. Mexico Microwave Oven Market, 2020-2031 ($Million)
Figure 27. U.K. Microwave Oven Market, 2020-2031 ($Million)
Figure 28. Germany Microwave Oven Market, 2020-2031 ($Million)
Figure 29. France Microwave Oven Market, 2020-2031 ($Million)
Figure 30. Spain Microwave Oven Market, 2020-2031 ($Million)
Figure 31. Italy Microwave Oven Market, 2020-2031 ($Million)
Figure 32. Rest of Europe Microwave Oven Market, 2020-2031 ($Million)
Figure 33. China Microwave Oven Market, 2020-2031 ($Million)
Figure 34. Japan Microwave Oven Market, 2020-2031 ($Million)
Figure 35. India Microwave Oven Market, 2020-2031 ($Million)
Figure 36. Australia Microwave Oven Market, 2020-2031 ($Million)
Figure 37. South Korea Microwave Oven Market, 2020-2031 ($Million)
Figure 38. Rest of Asia-Pacific Microwave Oven Market, 2020-2031 ($Million)
Figure 39. Brazil Microwave Oven Market, 2020-2031 ($Million)
Figure 40. South Africa Microwave Oven Market, 2020-2031 ($Million)
Figure 41. Saudi Arabia Microwave Oven Market, 2020-2031 ($Million)
Figure 42. Turkey Microwave Oven Market, 2020-2031 ($Million)
Figure 43. Rest of LAMEA Microwave Oven Market, 2020-2031 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap of Top 10 Key Players
Figure 50. Hoover Limited.: Net Sales, ($Million)
Figure 51. Alto-Shaam Inc. Net Sales, ($Million)
Figure 52. Illinois Tool Works Inc. Net Sales, ($Million)
Figure 53. Lg Electronics.: Net Sales, ($Million)
Figure 54. Samsung Electronics.: Net Sales, ($Million)
Figure 55. Galanz Enterprise Group.: Net Sales, ($Million)
Figure 56. Ab Electrolux.: Net Sales, ($Million)
Figure 57. Sharp Corporation.: Net Sales, ($Million)
Figure 58. Whirlpool Corporation.: Net Sales, ($Million)
Figure 59. Panasonic Corporation.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Microwave Oven Market, By Type, Production, and Structure: Global Opportunity Analysis and Industry Forecast, 2022-2031' The Microwave Oven Market Size was valued at $8,547.20 million in 2020, and is estimated to reach $15.6 Billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

Increasing disposable income paired with rising number of working population has majorly contributed to the growth microwave oven market, worldwide.

The microwave oven market primarily includes three main types of ovens which include convection, grill and solo microwave oven. The convection microwave oven holds the largest market share in the global microwave oven market. Whereas, grill microwave ovens occupy the second position, with 30% of the Microwave Oven Market Share. Solo microwave ovens are used for cooking and heating purposes. However, they are not capable of providing browning and crispiness to the food as they are not equipped with grilling features. The convection microwave oven is equipped with heating element and a fan, hence is used for cooking and baking purposes. These factors would largely drive the global convection microwave oven market, during the forecast period to generate a revenue of7.2 billion by 2031.

The global market for microwave oven is segmented, based on type, production, structure, and region. Based on types of microwave oven, the report covers convection, grill and solo. The convection microwave oven accounts for the bigger market share within the global market. Owing to its high functionality feature, convection microwave oven is witnessing a rapid growth. The report is also analysed from the perspective of application of microwave oven. Household microwave oven market accounts for a higher share than the commercial microwave oven market. The product structure segment comprises of built-in and counter top. Built-in microwave oven are expensive and involve installation charges, whereas counter top microwave ovens do not have any installation cost and can be placed conveniently in the kitchen. On the basis of region, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.

With respect to application, household segment accounted for larger market share and is anticipated to grow at a higher rate as compared to the commercial segment. Increasing propensity of consumers to spend on appliances which assist them in kitchen chores, would drive the growth of household microwave oven segment. The market has also been analysed from the perspective of microwave oven structure type. Counter top microwave oven accounts for major share of the microwave oven market. However, the built-in microwave oven segment is expected to grow at a CAGR of 5.3% during the forecast period. Adoption of modular kitchen and increased purchasing power of individuals would foster the growth of built-in microwave oven segment.

Based on region, Asia-Pacific is the major revenue contributing region in the microwave oven market. In addition, Asia-Pacific would further foster the growth of the global Microwave Oven Industry. Economic stability and increasing purchasing power of consumers to spend on appliances which are convenient to use and help in reducing physical efforts while cooking are fostering the growth of microwave oven market in this region. Moreover, rising working class and growing food service establishment are also some of the factors contributing to the growth of the global microwave oven market. Microwave ovens are being increasingly adopted by commercial businesses such as catering, hotels and restaurants in an effort to cater the customers efficiently and provide them with speedy food services.

On the basis of structure, built-in segment is the fastest growing segment owing to the rising consumer preference towards smart homes and home renovation which is leading to rise in demand for built in microwave ovens in the market.

On the basis of type, convection microwave segment dominated the global market, however, the solo segment has the fastest growth rate during the forthcoming time period. This is attributed to the rising availability of various new cooking instruments and tools which will lead to rise in demand for solo microwaves in the market.

On the basis of production, commercial segment is likely to be the fastest growing segment. This is due to the growth of outdoor dining and rising fast food culture which is as a result driving the demand for commercial microwave ovens in the market.

Key findings of the study:

Convection segment by type is the major contributor to the microwave oven market, growing at a CAGR of 4.7% during 2020-2031
The household segment would grow at a CAGR of 4.2% during the forecast period.

Corner top segment has the dominating market share and is likely to remain dominating during the Microwave Oven Market Forecast period.

North America had the largest market share in the global microwave oven market
Asia-Pacific is likely to be the most profitable markets, in terms of growth. The market in the region is expected to reach $6.2 billion by 2031.

Growth of the microwave oven market growth is supplemented by factors such as increasing disposable incomes, growing working class, and changing lifestyles, especially in the developing regions. Companies like Samsung, AB Electrolux, Life is Good (LG), are coming up with new and innovative appliances that are equipped with numerous features, consume less energy and are compact in size. Companies are adopting product launches, acquisitions and partnerships as their key strategies, in order to expand its reach and gain a bigger market share. Prominent companies profiled in the report include Samsung Electronics, AB Electrolux, Hoover Limited, Sharp Corporation, Illinois Tool Works Inc. (ITW), Whirlpool Corporation, Galanz Enterprise Group, LG Electronics, Alto-Shaam Inc. and Panasonic Corporation.

Companies Mentioned

  • Hoover Limited
  • Alto-Shaam Inc.
  • Illinois Tool Works Inc.
  • LG Electronics
  • Samsung Electronics
  • Galanz Enterprise Group
  • AB Electrolux
  • Sharp Corporation
  • Whirlpool Corporation
  • Panasonic Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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