May 17, 2024

Microwave Oven Market Size to Attain USD 21.67 Billion by 2033

The global microwave oven market size was estimated to be around US$ 15 billion in 2023 and is projected to reach US$ 21.67 billion by 2033, indicating a CAGR of 3.80% from 2024 to 2033.

Microwave Oven Market Size 2024 to 2033

Key Takeaways

  • 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.

The market research report on the microwave oven market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of microwave oven products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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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

Read More: Drug Discovery Informatics Market Size to Attain USD 9.89 Bn by 2033

The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global microwave oven market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the microwave oven market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of microwave oven products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the microwave oven market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the microwave oven market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

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)

Segments Covered in the Report

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

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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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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