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The residential microwave oven market is forecasted to grow by USD 5.70 billion during 2023-2028, accelerating at a CAGR of 8.8% during the forecast period. The report on the residential microwave oven market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing disposable income of consumers, enhanced product safety features in microwaves, and growing demand for time-efficient cooking methods.
The residential microwave oven market is segmented as below:
By Type
- Countertop microwave oven
- Built-in microwave oven
By Product
- Microwave oven without smart connectivity
- Microwave oven with smart connectivity
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the residential microwave oven market covers the following areas:
- Residential microwave oven market sizing
- Residential microwave oven market forecast
- Residential microwave oven market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
360 degree market analysis
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global residential microwave oven market: Alto Shaam Inc., Brandt Group, Breville Group Ltd., Daewoo Electricals, Electrolux group, Felix Storch Inc., Haier Smart Home Co. Ltd., LG Electronics Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Shandong Qingneng Power Co. Ltd., Sharp Corp., Smeg S.p.a., Techtronic Industries Co. Ltd., The Middleby Corp., and Whirlpool Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing focus of vendors on new product innovations."
According to the report, one of the major drivers for this market is the increasing disposable income of consumers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alto Shaam Inc.
- Brandt Group
- Breville Group Ltd.
- Daewoo Electricals
- Electrolux group
- Felix Storch Inc.
- Haier Smart Home Co. Ltd.
- LG Electronics Inc.
- Panasonic Holdings Corp.
- Robert Bosch GmbH
- Samsung Electronics Co. Ltd.
- Shandong Qingneng Power Co. Ltd.
- Sharp Corp.
- Smeg S.p.a.
- Techtronic Industries Co. Ltd.
- The Middleby Corp.
- Whirlpool Corp.
