Global Microwave Oven Market Size study & Forecast, by Structure (Built In, Counter Top), by Production (Commercial, Household), by Type (Convection, Grill, Solo) and Regional Analysis, 2023-2030

List of Tables

Global Microwave Oven Market to reach USD 13.40 billion by the end of 2030.

Global Microwave Oven Market is valued approximately USD 9.35billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.60% over the forecast period 2023-2030. The Microwave Oven market has experienced significant growth in recent years, driven by various factors. The convenience and time efficiency offered by microwave ovens has made them a popular choice for consumers with busy lifestyles. As urbanization continues and the number of working professionals and dual-income households increases, the demand for quick and easy cooking solutions has surged. Moreover, the rising preference for ready-to-eat and frozen foods has further boosted the market, as microwave ovens provide a convenient way to heat and prepare these types of meals. Technological advancements, such as smart features and improved energy efficiency, have enhanced the functionality and appeal of microwave ovens, attracting a wider consumer base

rising preference for ready-to-eat food across the world is driving the market growth. As the microwave are use to cook and heat the food in a very short time. According to the Eating Better report of 2020, a staggering 88% of adults in the UK consume ready meals or ready-to-cook foods. Furthermore, the report reveals that 2 in 5 people in the UK eat ready meals every week. This data highlights the significant popularity and reliance on convenience food options in the country. Additionally, according to Statista, the frequency of ready-meal consumption is on the rise in the United Kingdom. For instance, the number of people consuming ready meals more than once a week increased from 3,410 thousand in 2019 to 5,328 thousand in 2020. These statistics demonstrate the increasing demand for quick and easy meal solutions, contributing to the growth of the ready meals market in the UK. Along with this, according to Statista, in Spain, the number of restaurants and the mobile food industry is rising over the forecast period 2023-2030. For instance, in 2016, there were 65,935 restaurants and the mobile food industry which increased up to 69,811 in 2021. However, the high cost of Microwave Oven stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Microwave Oven Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America has been a dominating market for Microwave Ovens, in 2022. The United States and Canada are the key contributors to the market in this region. Factors such as busy lifestyles, convenience, and the popularity of ready-to-eat meals have driven the demand for microwave ovens in North America. Additionally, technological advancements, such as smart features and integration with other kitchen appliances, have further boosted market growth. The Asia Pacific region is one of the fastest-growing markets for Microwave Ovens. Countries such as China, Japan, South Korea, and India are the primary contributors to the market growth in this region. Rapid urbanization, rising disposable income, and changing consumer lifestyles are key factors driving the demand for microwave ovens. Additionally, the increasing trend of modular kitchens and the influence of Western-style cooking have further propelled the market growth in Asia Pacific.

Major market player included in this report are:

Hoover Limited
Alto-Shaam Inc.
Illinois Tool Works Inc.
LG Electronics
Samsung Electronics Co. Ltd
Guangdong Galanz Enterprises Co., Ltd.
AB Electrolux
Sharp Corporation
Whirlpool Corporation
Panasonic Holding Corporation

Recent Developments in the Market:

In April 2021, Panasonic created the first sensitivity-improvement technique for phononic crystal-structured far-infrared sensors.
In December 2020, LG Electronics (LG) unveil its ground-breaking InstaView Range with Air Sous Vide in December 2020. The complete cooking solution also includes LG's air-frying mode, InstaView oven door, and a number of smart features for a practical and healthy culinary lifestyle at home.

Global Microwave Oven Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Structure, Production, Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Structure offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Structure:

Built In
Counter Top

By Production:

Commercial
Household

By Type:

Convection
Grill
Solo

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Microwave Oven Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Microwave Oven Market, by Structure, 2020-2030 (USD Billion)
- 1.2.3. Microwave Oven Market, by Production, 2020-2030 (USD Billion)
- 1.2.4. Microwave Oven Market, by Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Microwave Oven Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Microwave Oven Market Dynamics

3.1. Microwave Oven Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising preference for ready-to-eat and frozen foods
  - 3.1.1.2. Growing urbanization
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Microwave Oven
  - 3.1.2.2. Rising health concerns
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising Technological advancements
  - 3.1.3.2. Rising disposable income

Chapter 4. Global Microwave Oven Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Microwave Oven Market, by Structure

5.1. Market Snapshot
5.2. Global Microwave Oven Market by Structure, Performance - Potential Analysis
5.3. Global Microwave Oven Market Estimates & Forecasts by Structure 2020-2030 (USD Billion)
5.4. Microwave Oven Market, Sub Segment Analysis
- 5.4.1. Built In
- 5.4.2. Counter Top

Chapter 6. Global Microwave Oven Market, by Production

6.1. Market Snapshot
6.2. Global Microwave Oven Market by Production, Performance - Potential Analysis
6.3. Global Microwave Oven Market Estimates & Forecasts by Production 2020-2030 (USD Billion)
6.4. Microwave Oven Market, Sub Segment Analysis
- 6.4.1. Commercial
- 6.4.2. Household

Chapter 7. Global Microwave Oven Market, by Type

7.1. Market Snapshot
7.2. Global Microwave Oven Market by Type, Performance - Potential Analysis
7.3. Global Microwave Oven Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
7.4. Microwave Oven Market, Sub Segment Analysis
- 7.4.1. Convection
- 7.4.2. Grill
- 7.4.3. Solo

Chapter 8. Global Microwave Oven Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Microwave Oven Market, Regional Market Snapshot
8.4. North America Microwave Oven Market
- 8.4.1. U.S. Microwave Oven Market
  - 8.4.1.1. Structure breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Production breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Type breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Microwave Oven Market
8.5. Europe Microwave Oven Market Snapshot
- 8.5.1. U.K. Microwave Oven Market
- 8.5.2. Germany Microwave Oven Market
- 8.5.3. France Microwave Oven Market
- 8.5.4. Spain Microwave Oven Market
- 8.5.5. Italy Microwave Oven Market
- 8.5.6. Rest of Europe Microwave Oven Market
8.6. Asia-Pacific Microwave Oven Market Snapshot
- 8.6.1. China Microwave Oven Market
- 8.6.2. India Microwave Oven Market
- 8.6.3. Japan Microwave Oven Market
- 8.6.4. Australia Microwave Oven Market
- 8.6.5. South Korea Microwave Oven Market
- 8.6.6. Rest of Asia Pacific Microwave Oven Market
8.7. Latin America Microwave Oven Market Snapshot
- 8.7.1. Brazil Microwave Oven Market
- 8.7.2. Mexico Microwave Oven Market
8.8. Middle East & Africa Microwave Oven Market
- 8.8.1. Saudi Arabia Microwave Oven Market
- 8.8.2. South Africa Microwave Oven Market
- 8.8.3. Rest of Middle East & Africa Microwave Oven Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Hoover Limited
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Alto-Shaam Inc.
- 9.3.3. Illinois Tool Works Inc.
- 9.3.4. LG Electronics
- 9.3.5. Samsung Electronics Co. Ltd
- 9.3.6. Guangdong Galanz Enterprises Co., Ltd.
- 9.3.7. AB Electrolux
- 9.3.8. Sharp Corporation
- 9.3.9. Whirlpool Corporation
- 9.3.10. Panasonic Holding Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Microwave Oven Market, report scope
TABLE 2. Global Microwave Oven Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Microwave Oven Market estimates & forecasts by Structure 2020-2030 (USD Billion)
TABLE 4. Global Microwave Oven Market estimates & forecasts by Production 2020-2030 (USD Billion)
TABLE 5. Global Microwave Oven Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 6. Global Microwave Oven Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Microwave Oven Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Microwave Oven Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Microwave Oven Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Microwave Oven Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Microwave Oven Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Microwave Oven Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Microwave Oven Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Microwave Oven Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Microwave Oven Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Microwave Oven Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Microwave Oven Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Microwave Oven Market
TABLE 71. List of primary sources, used in the study of global Microwave Oven Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Microwave Oven Market, research methodology
FIG 2. Global Microwave Oven Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Microwave Oven Market, key trends 2022
FIG 5. Global Microwave Oven Market, growth prospects 2023-2030
FIG 6. Global Microwave Oven Market, porters 5 force model
FIG 7. Global Microwave Oven Market, pest analysis
FIG 8. Global Microwave Oven Market, value chain analysis
FIG 9. Global Microwave Oven Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Microwave Oven Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Microwave Oven Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Microwave Oven Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Microwave Oven Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Microwave Oven Market, regional snapshot 2020 & 2030
FIG 15. North America Microwave Oven Market 2020 & 2030 (USD Billion)
FIG 16. Europe Microwave Oven Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Microwave Oven Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Microwave Oven Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Microwave Oven Market 2020 & 2030 (USD Billion)