The microwave oven market size is poised to grow by USD 21.67 billion by 2033 billion by 2032 from USD 15 billion in 2023, exhibiting a CAGR of 3.80% during the forecast period 2024 to 2033.
Key Points
- North America held the dominating share of 46% in the market in 2023.
- On the other hand, Asia Pacific is forecasted to be the fastest growing at a CAGR of 19.5% during the forecast period.
- By product, in 2023, the convection segment held the largest share of 43% in the microwave oven market.
- By structure, the built-in segment dominated the market with 69% of market share on 2023.
- By control feature, the digital control segment held the largest share of 56% in 2023.
- By distribution channel, the e-commerce segment held 63% of the market share in 2023.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Microwave oven market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Microwave oven Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Microwave Oven Market Scope
| Report Coverage | Details |
| Global Market Size in 2023 | USD 15 Billion |
| Global Market Size by 2033 | USD 21.67 Billion |
| U.S. Market Size in 2023 | USD 4.83 Billion |
| U.S. Market Size by 2033 | USD 7.19 Billion |
| Base Year | 2024 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product, By Structure, By Control Feature, and By Distribution Channel |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global Microwave oven market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Microwave oven Market. Our market report for the Microwave oven market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Microwave Oven Market Companies
- Midea Group (China)
- Miele (Germany)
- Alto-Shaam Inc. (USA)
- Amazonbasics (Amazon.Com) (USA)
- Brandt (France)
- Breville (Australia)
- BSH Home Appliances Group (Germany)
- Dongbu Daewoo Electronics (South Korea)
- Electrolux AB (Sweden)
- Galanz (Guangdong Galanz Enterprises Co. Ltd.) (China)
- GE Appliances (USA)
- ITW Food Equipment Group (USA)
- LG Electronics (South Korea)
- Moulinex (Group SeB) (France)
- Panasonic Corporation (Japan)
- Samsung Electronics (South Korea)
- Sharp Corporation (Japan)
- Smeg S.P.A (Italy)
- Toshiba Corporation (Japan)
- Whirlpool Corporation (USA)
Data Sources and Methodology
To gather comprehensive insights on the Global Microwave oven Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Microwave oven Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Microwave oven market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Product
- Convection
- Grill
- Solo
By Structure
- Built-in
- Cooktop
By Control Feature
- Digital
- Analog
By Distribution Channel
- e-commerce
- Brick & Mortar
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Microwave oven market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Microwave oven market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Microwave oven market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Microwave oven market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Microwave Oven Market
5.1. COVID-19 Landscape: Microwave Oven Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Microwave Oven Market, By Product
8.1. Microwave Oven Market Revenue and Volume Forecast, by Product, 2024-2033
8.1.1. Chemotherapy
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Grill
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Solo
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Microwave Oven Market, By Structure
9.1. Microwave Oven Market Revenue and Volume Forecast, by Structure, 2024-2033
9.1.1. Built-in
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Cooktop
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Microwave Oven Market, By Control Feature
10.1. Microwave Oven Market Revenue and Volume Forecast, by Control Feature, 2024-2033
10.1.1. Digital
10.1.1.1. Market Revenue and Volume Forecast (2021-2033)
10.1.2. Analog
10.1.2.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 11. Global Microwave Oven Market, By Distribution Channel
11.1. Microwave Oven Market Revenue and Volume Forecast, by Distribution Channel, 2024-2033
11.1.1. e-commerce
11.1.1.1. Market Revenue and Volume Forecast (2021-2033)
11.1.2. Brick & Mortar
11.1.2.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 12. Global Microwave Oven Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.1.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.1.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.1.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.1.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.1.5.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.1.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.1.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.1.6.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.1.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.2.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.2.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.2.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.2.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.2.5.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.2.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.2.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.2.6.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.2.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.2.7.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.2.7.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.2.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.2.8.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.2.8.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.2.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.3.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.3.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.3.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.3.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.3.5.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.3.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.3.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.3.6.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.3.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.3.7.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.3.7.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.3.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.3.8.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.3.8.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.3.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.4.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.4.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.4.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.4.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.4.5.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.4.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.4.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.4.6.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.4.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.4.7.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.4.7.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.4.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.4.8.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.4.8.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.4.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.5.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.5.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.5.5.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.5.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
12.5.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)
12.5.6.3. Market Revenue and Volume Forecast, by Control Feature (2021-2033)
12.5.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
Chapter 13. Company Profiles
13.1. Alto-Shaam Inc. (USA)
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Amazonbasics (Amazon.Com) (USA)
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Brandt (France)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Breville (Australia)
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. BSH Home Appliances Group (Germany)
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Dongbu Daewoo Electronics (South Korea)
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Electrolux AB (Sweden)
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Galanz (Guangdong Galanz Enterprises Co. Ltd.) (China)
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. GE Appliances (USA)
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. ITW Food Equipment Group (USA)
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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