Microwave Oven Market Growth, Trends, and Forecast, 2022-2031

1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Consumer Goods / Household / Microwave Oven Market Microwave Oven Market Rep Id : TMRGL722 Microwave Oven Market (Type: Grill Microwave Ovens, Convection Microwave Oven, and Solo Microwave Oven; May 2022 Capacity: Below 15 Liters, 15-31 Liters, and Above 31 liters) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 Consumer Goods 170 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Microwave Oven Market Outlook 2031 The globalmicrowave oven market was valued at US$ 1.42 Bn in 2021 It is estimated to expand at a CAGR of 6.9% from 2022 to 2031 Select License Type The globalmicrowave oven market is expected to reach value of US$ 2.72 Bn by the end of 2031 Single User license $5795 Multi-User license $8795 Analysts’ Viewpoint on Microwave Oven Market Scenario Corporate license $11795 Increasing urbanization and rising standard of living are driving the growth of the microwave oven market. New products entering the global microwave oven market are being equipped with new Buy Now features, for instance combi ovens (combination of grill and convection microwave ovens) are witnessing a significant uptake among customers from both household and commercial settings. Safe and Secure SSL Encrypted Furthermore, the growing health risk associated with eating oily food has driven customers toward Get A Special pricing for start-ups and universities. multi-functional microwave ovens that can assist in oil-free cooking. Popular foodservice outlets are installing such multifunctional microwave ovens and removing the conventional ovens & pressure Request Discount cookers in order to cater to a large consumer base. This factor has led to an increase in demand for microwave ovens. Moreover, the increasing number of working population and the preoccupied

2. schedules of people in urban cities act as the major factor for the growth of the microwave oven - Need More Info? - market. Furthermore, the high power consumption by microwave is likely to restrain the market growth; thus, companies are investing in R&D and offering products that consume less energy. Enquiry Before Buying Overview of Microwave Oven Market Microwave oven is used for cooking and heating food through electromagnetic radiation exposure. Request Methodology The radiation remains confined to the microwave frequency range, while the food rotates within the oven and produces thermal energy from dielectric heating. These machines are generally used Ask References for commercial and household use and come in different price ranges. Free Customization Request a sample to get extensive insights into the Microwave Oven Market Rise in Demand for Energy-efficient Appliances to Thaw Frozen Foods and Growing Presence of Ceramic & Plastic Kitchenware Cooking food for the masses is a challenge for popular restaurant chains, canteens, and - Want to customize this report? - cafeterias. Moreover, meeting these demands by maintaining a consistent supply of fresh food We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. becomes impractical. With the growing use of frozen foods, thawing has emerged as one of the Intelligence to most essential processes in the foodservice industry. Tempering and thawing of food is important to cook the food at desired levels. Microwave ovens are able to thaw and temper the food at reasonable amounts, averting the loss of nutrients and moisture, and avoiding quality We offer 100% Free Customization at the time of purchase deterioration. Moreover, appliances such as microwave ovens ensure safe thawing of frozen foods by eliminating the microbial dangers when the food melts and gets transformed into the unfrozen state. Connect To Analyst While there are several scientific studies that prohibit the use of plastic materials in microwave ovens, the affordability of plastic kitchenware continues to fuel their presence in household cutleries. Manufacturers of plastic containers and utensils are focusing on lowering the chemical - Trusted Partners - content in their production in order to deal with this limitation. Nevertheless, microwave oven manufacturers are witnessing a rise in demand for such products, owing to the comfort of using plastic kitchenware by consumers. Ceramic containers and utensils made from bone china is also

3. witnessing an uptake among consumers, which is further lucrative for adoption of microwave Quick Contact 866-552-3453 ovens. +1-518-618-1030 Product Innovations and Increasing Usage of Microwave-friendly Packaging Containers to Aid Market Growth Contact by email New products entering the global microwave oven market are being equipped with interesting new features. Combi ovens (combination of grill and convection microwave ovens) are witnessing a Why trust Us? significant uptake among customers from both household and commercial settings. The growing health risk associated with eating oily food has pushed customers toward multi-functional 5 Million+ Market Data microwave ovens that can assist in oil-free cooking. Popular foodservice outlets are installing such multifunctional microwave ovens and removing the conventional ovens and pressure cookers in order to cater to a large consumer base. Manufacturers are also enabling self-cleaning functionalities in their microwave oven products due to the positive response. Multiple functions - Related Reports - offered at reasonable prices continue to attract customers from all walks of life, making Sports Sun Care Market microwave ovens a must-have kitchen appliance. Termite Bait System Products Market Appropriate selection of food containers is the most essential primary instruction for the use of Cooking Hood Market microwave ovens as presence of any metallic element inside the oven can create explosion during Cinema Lenses Market microwave radiation heating. Over the years, materials used for packaging on-the-go or ready-to- Screw Piles Market eat food products are being made microwave-friendly. Foodservice outlet operators can keep the uncooked foods packed in such containers, and can directly heat them in microwaves, saving time, and the use of additional utensils. While aluminum foil is the only metallic material that can be used for inclosing food, the use of paper plates, parchment paper containers, and brown paper bags in foodservice outlets is being promoted to enable microwave cooking. Ease of Use and Fast Cooking Driving Demand for Convection Microwave Oven In terms of type, the microwave oven market has been classified into grill microwave ovens, convection microwave ovens, and solo microwave ovens. The convection microwave oven holds the highest market share, and is expected to grow at a higher growth rate during the forecasted period, as the convection microwave oven cooks food faster and better compared to other type. Moreover, the convection microwave is easy to use. In addition, the convection microwave oven

4. combines the working of a microwave oven and a convection oven depending on the mode of our usage. Regional Outlook of Microwave Oven Market Globally, North America held the largest share of the microwave oven market in the year 2021. Soaring Growth of the food processing and foodservice industry in North America has propelled the sales of microwave ovens in the region. While countertop microwave ovens have been a staple kitchen appliance for households across the U.S. and Canada, large restaurant chains and foodservice outlets have exhibited a surging demand for built-in microwave ovens and full-size combi ovens. European consumers demand high efficiency in electronic cooking systems as a majority of food preparation in the region is done by appliances such as microwave ovens. Manufacturers of microwave ovens in Europe are primarily focused on improving the quality of cooked food, especially, since thawing is widely practiced in the overall European foodservice marketplace. In commercial settings, microwave ovens are occupying large spaces and enabling high performance cooking & reheating. However, several countries in the region are witnessing the absence of energy labels on the products being sold. In the APEJ region, improving living standards in developed countries of the region have had a major influence on the sales of microwave ovens. As the number of young consumers continue to increase, APEJ manufacturers are witnessing a rise in demand for high-end, smart electronic appliances. New products being launched in the APEJ microwave oven market allow users to select from a range of cooking programs, considering the diversity in dietary practices across the region. Analysis of Key Players in Microwave Oven Market The global microwave oven market is consolidated with a small number of large-scale vendors controlling majority of the market share. Most firms are spending a significant amount on comprehensive research and development, primarily to develop environment friendly products.

5. Expansion of product portfolios and mergers & acquisitions are the key strategies adopted by the key players. Guangdong Galanz Enterprises Co. Ltd., Illinois Tool Works, INC., Hoover Limited, Sharp Corporation, Electrolux AB, Alto-Shaam, INC., LG Electronics, Inc., Whirlpool Corporation, Bajaj Electricals Ltd, and Panasonic Holdings Corporation are the prominent entities operating in this market. Key players in the market are continuously working on catering to consumer demands and launching new products in the market, along with focus on quality of the product and ease of use of the machine. These factors are predicted to help enterprises expand their sales, leading to growth, especially of microwave oven. Request a custom report on Microwave Oven Market Key Developments in Global Microwave Oven Market On September23, 2020, the Electrolux Group relaunched its Continental brand of home appliances in the Brazilian market, introducing 27 new-generation products such as built-in ovens, microwaves, and refrigerators with new price ranges, as well as a brand campaign encouraging equality in the home. This will assist in expanding the company’s offerings and cater to a broad range of customers. Alto-Shaam recently introduced cook & hold ovens, smoker ovens, and Ventech hoods, and is launching with the new Vector H series oven with larger chambers and pioneering Structured Air Technology, allowing the ovens to cook twice as much food up to twice as quickly as their traditional counterparts. This will assist in catering to a large number of customers and expand Alto-Shaam’s offerings. Each of these players has been profiled in the microwave oven market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Global Microwave Oven Market Snapshot

6. Attribute Detail Market Size US$ 1.42 Bn Value in 2021 Market Forecast US$ 2.72 Mn Value in 2031 Growth Rate 6.9% (CAGR) Forecast 2022–2031 Period Historical Data Available 2017–2020 for Quantitative US$ Mn for Value & Thousands for Volume Units Includes cross segment analysis at the global as well as regional level. Market Furthermore, qualitative analysis includes drivers, restraints, opportunities, key Analysis trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

7. Competition Market share analysis by company (2021) Landscape Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Format Electronic (PDF) + Excel Market Type Segmentation Grill Microwave Ovens Convection Microwave Ovens Solo Microwave Ovens By Capacity Below 15 Liters 15-31 Liters Above 31 Liters By Price Below US$ 100 US$ 101- US$ 200 Above US$ 201 By Power Up to 999W 1000-1599W Above 1600w Structure Counter Top Built-in End-use Commercial Household

8. Distribution Channel Online E-Commerce Websites Company-Owned Websites Offline Supermarket / Hypermarket Departmental Stores Others (Independent Retailers, etc.) North America Europe Regions Asia Pacific Covered Middle East & Africa South America Countries U.S. Covered Canada Mexico Argentina France Germany Italy Nordics U.K. China India Japan Australia Singapore

9. Malaysia Thailand GCC Countries South Africa Brazil Nigeria Israel mea Guangdong Galanz Enterprises Co. Ltd. Illinois Tool Works, INC. Hoover Limited Companies Sharp Corporation Profiled Electrolux AB Alto-Shaam, INC. LG Electronics Customization Available upon request Scope Pricing Available upon request Get Free Sample Interested in this report? Get a FREE sample now! *Get Sample Report (PDF) sent to your email within minutes

10. Frequently Asked Questions How big was the microwave oven market in 2021? The market stood at US$ 2.72 Bn What would be the CAGR of the microwave oven market during 2022-2031? What are the prominent drivers in the microwave oven market? How is the convection microwave type performing in the microwave oven market? Who are the prominent players in the microwave oven market? - Help - - Follow Us - Terms Of Use Customer FAQ How To Order Privacy Policy Sitemap U.S Sales Office Corporate Headquarter Reach Us +1-518-618-1030 State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA 866-552-3453 (US-Canada Toll Free) sales@transparencymarketresearch.com Trust Online Copyright © Transparency Market Research, Inc. All Rights reserved

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