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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627731

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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627731

Global Microwave Oven Market - Forecasts from 2025 to 2030

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The Global Microwave Oven Market is expected to grow at a CAGR of 6.10%, reaching a market size of US$19.403 billion in 2030 from US$14.430 billion in 2025.

A microwave oven is a kitchen appliance that uses electricity for cooking, heating and defrosting foods quickly. Microwave ovens allow food to cook faster than traditional methods. They offer efficiency and, most importantly, convenience, allowing customers to cook up their foods and reheat the leftover foods. Thus, it is widely demanded by households and commercial kitchens for saving time and offering convenience.

Rising purchasing power and living standards, coupled with increasing urbanization, are the major drivers of the global microwave oven market. The growing working population and hectic lifestyle are shifting consumers' preference toward innovative kitchen appliances, escalating the demand for a microwave oven. With a busy lifestyle, people are consuming more ready-to-eat, pre-cooked, and frozen food items. This is also leading to a rise in sales of microwave ovens as the need for stylish and convenient kitchen appliances is rising with changing consumer preferences and lifestyle patterns. Growing concerns regarding increasing energy consumption are also forcing consumers to opt for innovative, cost-effective, and energy-efficient kitchen appliances, thus positively impacting the demand for microwave ovens.

Global Microwave Oven Market Drivers

  • Growing urbanization is increasing demand for innovative kitchen appliances that save time and offer convenience

Globally, there is an increase in urbanization. This rapid growth in urbanization is increasing the demand for innovative kitchen appliances, including microwave ovens. The rising urban lifestyle and their busy schedule are leading people to prefer products that can save time and offer convenience. Microwave ovens offer convenience, allowing customers to cook their foods and reheat the leftover foods faster than traditional methods, saving time and energy.

Global Microwave Oven Market Geographical Outlook:

  • Asia Pacific is anticipated to be the fastest-growing region during the forecast period

Geographically, the global microwave oven market has been segmented into North America, South America, Europe, the Middle East, Africa, and Asia Pacific.

The Asia Pacific will witness a substantial CAGR during the forecast period owing to the expansion of restaurant chains in countries like India and Australia. The growing preference of people enhancing their baking skills at home is another factor augmenting the demand for advanced microwave ovens, thus positively impacting the overall regional market growth.

The growing inclination of people in APAC countries towards first-rate kitchen electrical appliances is further escalating the demand for microwave ovens in this region.

Due to the early adoption of new technologies and the presence of major market players in the region, North America accounted for a significant market share. High usage of innovative microwave ovens in homes and commercial places is driving the demand for microwave ovens. Well-established restaurants in countries like the U.S. and Canada also contribute to the regional market growth of microwave ovens.

Reasons for buying this report:-

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Global Microwave Oven Market is segmented and analyzed as follows:

By Product Type

  • Solo
  • Grill
  • Convection

By Structure

  • Built-In
  • Countertop

By Application

  • Residential
  • Commercial

By Distribution Channel

  • Online
  • Offline

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Indonesia
  • Others
Product Code: KSI061613759

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. Market Overview
  • 1.2. Market Definition
  • 1.3. Scope of the Study
  • 1.4. Market Segmentation
  • 1.5. Currency
  • 1.6. Assumptions
  • 1.7. Base and Forecast Years Timeline
  • 1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY

  • 2.1. Research Design
  • 2.2. Research Processes

3. EXECUTIVE SUMMARY

  • 3.1. Key Findings
  • 3.2. CXO Perspective

4. MARKET DYNAMICS

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis
  • 4.5. Analyst View

5. GLOBAL MICROWAVE OVEN MARKET BY PRODUCT TYPE

  • 5.1. Introduction
  • 5.2. Solo
  • 5.3. Grill
  • 5.4. Convection

6. GLOBAL MICROWAVE OVEN MARKET BY STRUCTURE

  • 6.1. Introduction
  • 6.2. Built-In
  • 6.3. Countertop

7. GLOBAL MICROWAVE OVEN MARKET BY APPLICATION

  • 7.1. Introduction
  • 7.2. Residential
  • 7.3. Commercial

8. GLOBAL MICROWAVE OVEN MARKET BY DISTRIBUTION CHANNEL

  • 8.1. Introduction
  • 8.2. Online
  • 8.3. Offline

9. GLOBAL MICROWAVE OVEN MARKET BY GEOGRAPHY

  • 9.1. Introduction
  • 9.2. North America
    • 9.2.1. By Product Type
    • 9.2.2. By Structure
    • 9.2.3. By Application
    • 9.2.4. By Distribution Channel
    • 9.2.5. By Country
      • 9.2.5.1. USA
      • 9.2.5.2. Canada
      • 9.2.5.3. Mexico
  • 9.3. South America
    • 9.3.1. By Product Type
    • 9.3.2. By Structure
    • 9.3.3. By Application
    • 9.3.4. By Distribution Channel
    • 9.3.5. By Country
      • 9.3.5.1. Brazil
      • 9.3.5.2. Argentina
      • 9.3.5.3. Others
  • 9.4. Europe
    • 9.4.1. By Product Type
    • 9.4.2. By Structure
    • 9.4.3. By Application
    • 9.4.4. By Distribution Channel
    • 9.4.5. By Country
      • 9.4.5.1. United Kingdom
      • 9.4.5.2. Germany
      • 9.4.5.3. France
      • 9.4.5.4. Spain
      • 9.4.5.5. Others
  • 9.5. Middle East and Africa
    • 9.5.1. By Product Type
    • 9.5.2. By Structure
    • 9.5.3. By Application
    • 9.5.4. By Distribution Channel
    • 9.5.5. By Country
      • 9.5.5.1. Saudi Arabia
      • 9.5.5.2. UAE
      • 9.5.5.3. Israel
      • 9.5.5.4. Others
  • 9.6. Asia Pacific
    • 9.6.1. By Product Type
    • 9.6.2. By Structure
    • 9.6.3. By Application
    • 9.6.4. By Distribution Channel
    • 9.6.5. By Country
      • 9.6.5.1. China
      • 9.6.5.2. Japan
      • 9.6.5.3. South Korea
      • 9.6.5.4. Australia
      • 9.6.5.5. India
      • 9.6.5.6. Indonesia
      • 9.6.5.7. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

  • 10.1. Major Players and Strategy Analysis
  • 10.2. Market Share Analysis
  • 10.3. Mergers, Acquisitions, Agreements, and Collaborations
  • 10.4. Competitive Dashboard

11. COMPANY PROFILES

  • 11.1. LG Electronics
  • 11.2. SAMSUNG
  • 11.3. Whirlpool
  • 11.4. Haier Inc.
  • 11.5. Electrolux
  • 11.6. BSH Hausgerate GmbH
  • 11.7. Panasonic
  • 11.8. Sharp Corporation
  • 11.9. Midea Group
  • 11.10. DAEWOO Electronics UK Ltd
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