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North America Microwave Oven Market Size, Share & Industry Trends Analysis Report By Product Type (Convection, Grill, and Solo), By Application (Household, and Commercial), By Structure (Counter Top, and Built-In), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 126 Pages
  • December 2023
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5917035
The North America Microwave Oven Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,906.4 thousand units, showcasing a growth of 5.1% (2019-2022).

The growth of the middle-class population with rising disposable incomes, especially in emerging economies, has contributed to the increased adoption of kitchen appliances, including microwave ovens. Higher disposable income means consumers have more money for non-essential purchases, including kitchen appliances. Microwave ovens, convenient and time-saving appliances, have become more affordable and accessible to a larger consumer base. Consumers with higher disposable incomes are more inclined to replace or enhance their existing kitchen appliances, especially microwave ovens. This leads to increased sales as people seek the latest features and technologies. As disposable income rises, individuals may allocate more funds to improving their living spaces. Upgrading kitchen appliances, including microwave ovens, is a common consideration as people seek to enhance the efficiency and aesthetics of their homes.

Consumers are becoming more health-conscious, leading to a demand for appliances that support healthy cooking practices. Microwave ovens with features like steam cooking and precise temperature control cater to this growing trend. Microwave ovens are known for their ability to cook vegetables quickly, helping to preserve more nutrients compared to traditional cooking methods. The ability to cook vegetables with minimal water helps retain vitamins and minerals. Microwave cooking often requires less or no additional fats or oils than conventional methods. This aligns with reducing unhealthy cooking fats, contributing to healthier meal preparation.

Canada's diverse population may have varying cultural preferences and cooking habits. With their adaptability to different cuisines and cooking styles, microwave ovens can cater to the diverse needs of an expanding population in Canada. Canada has seen changes in lifestyle patterns, with an increasing number of people leading busy lives. Microwave ovens offer a quick and convenient solution for cooking and reheating meals, aligning with the demands of modern lifestyles in Canada. The trend toward urbanization often leads to smaller living spaces and a higher demand for compact and efficient kitchen appliances in Canada. These factors will propel the growth of the market across the North America region in the upcoming years.

The US market dominated the North America Microwave Oven Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,902.6 million by 2030. The Canada market is registering a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 6% during (2023 - 2030).

Based on Product Type, the market is segmented into Convection, Grill, and Solo. Based on Application, the market is segmented into Household, and Commercial. Based on Structure, the market is segmented into Counter Top, and Built-In. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Whirlpool Corporation, LG Corporation, Samsung Electronics Co. Ltd. (Samsung Group), Alto Shaam, Inc., AB Electrolux, Techtronic Industries Co., Ltd., Illinois Tool Works Inc., Hon Hai Precision Industry Co., Ltd., Sharp Corporation

Scope of the Study

Market Segments Covered in the Report:

By Product Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • Convection
  • Grill
  • Solo
By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • Household
  • Commercial
By Structure (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • Counter Top
  • Built-In
By Country (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Panasonic Holdings Corporation
  • Whirlpool Corporation
  • LG Corporation
  • Samsung Electronics Co. Ltd. (Samsung Group)
  • Alto Shaam, Inc.
  • AB Electrolux
  • Techtronic Industries Co., Ltd.
  • Illinois Tool Works Inc.
  • Hon Hai Precision Industry Co., Ltd.
  • Sharp Corporation

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Microwave Oven Market, by Product Type
1.4.2 North America Microwave Oven Market, by Application
1.4.3 North America Microwave Oven Market, by Structure
1.4.4 North America Microwave Oven Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Microwave Oven Market.
Chapter 5. North America Microwave Oven Market, By Product Type
5.1 North America Convection Market, By Country
5.2 North America Grill Market, By Country
5.3 North America Solo Market, By Country
Chapter 6. North America Microwave Oven Market, By Application
6.1 North America Household Market, By Country
6.2 North America Commercial Market, By Country
Chapter 7. North America Microwave Oven Market, By Structure
7.1 North America Counter Top Market, By Country
7.2 North America Built-In Market, By Country
Chapter 8. North America Microwave Oven Market, By Country
8.1 US Microwave Oven Market
8.1.1 US Microwave Oven Market, By Product Type
8.1.2 US Microwave Oven Market, By Application
8.1.3 US Microwave Oven Market, By Structure
8.2 Canada Microwave Oven Market
8.2.1 Canada Microwave Oven Market, By Product Type
8.2.2 Canada Microwave Oven Market, By Application
8.2.3 Canada Microwave Oven Market, By Structure
8.3 Mexico Microwave Oven Market
8.3.1 Mexico Microwave Oven Market, By Product Type
8.3.2 Mexico Microwave Oven Market, By Application
8.3.3 Mexico Microwave Oven Market, By Structure
8.4 Rest of North America Microwave Oven Market
8.4.1 Rest of North America Microwave Oven Market, By Product Type
8.4.2 Rest of North America Microwave Oven Market, By Application
8.4.3 Rest of North America Microwave Oven Market, By Structure
Chapter 9. Company Profiles
9.1 Panasonic Holdings Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Whirlpool Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 LG Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Samsung Electronics Co., Ltd. (Samsung Group)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 SWOT Analysis
9.5 Alto-Shaam, Inc.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 AB Electrolux
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Techtronic Industries Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 Illinois Tools Works, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Hon Hai Precision Industry Co., Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Research & Development Expenses
9.9.4 Recent strategies and developments:
9.9.4.1 Acquisition and Mergers:
9.9.5 SWOT Analysis
9.10. Sharp Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental & Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • Panasonic Holdings Corporation
  • Whirlpool Corporation
  • LG Corporation
  • Samsung Electronics Co. Ltd. (Samsung Group)
  • Alto Shaam, Inc.
  • AB Electrolux
  • Techtronic Industries Co., Ltd.
  • Illinois Tool Works Inc.
  • Hon Hai Precision Industry Co., Ltd.
  • Sharp Corporation

Methodology

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