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Microwave Oven Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2020


Microwave oven Market Overview :Global Microwave Oven Market is expected to garner $25.4 billion by 2020, registering a CAGR of 6.07% during the forecast period 2015-2020. Microwave oven market has witnessed rapid growth in developing regions such as APAC. Increased propensity of consumers to spend on premium and advanced kitchen appliances has led to the growth of the microwave oven market. Microwave ovens have high penetration rate in North America. In the U.S., around 90% households own a microwave oven. However, the demand for microwave oven in this region would gradually decline owing to rising obesity concerns and increasing health consciousness among end users. Increasing health awareness among consumers is driving them to avoid packaged microwavable food. The market in Asia-Pacific region is estimated to grow at a good pace during the forecast period. Increasing disposable income coupled with rise in the working class segment has fostered the growth of the market


Microwave oven Market Overview :The microwave oven market primarily includes three main types of ovens which include convection, grill and solo microwave oven. The convection microwave oven holds the largest market share in the global market. Whereas, grill microwave ovens occupy the second position, with 30% of the overall market share. Solo microwave ovens are used for cooking and heating purposes. However, they are not capable of providing browning and crispiness to the food as they are not equipped with grilling features. The convection microwave oven is equipped with heating element and a fan, hence is used for cooking and baking purposes. These factors would largely drive the global convection microwave oven market, during the forecast period to generate an expected revenue of $12.54 billion by 2020. Read more at : https://www.alliedmarketresearch.com


Top Impacting Factors :-

Top Impacting Factors in Global Microwave Oven Market


Winning Strategies for Microwave Oven Market Top Winning Strategies for Global Microwave Oven Market (2014-2020)


Market Segmentation :-

Microwave Oven Market Key Segments:

• • • •

By Type By Application By Structure By Geography


Market key Benefits :-

 A thorough analysis of current and future trends in the market elucidates the imminent investment pockets in this region  The report provides information regarding key drivers, restraints and opportunities with impact analysis  Porter's Five Forces model and a SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market  Quantitative analysis of the current market and estimations through 2014-2020 are provided to showcase the financial appetency of the market  The report provides detailed analysis of the market with respect to type of microwave oven, types of application, product structure and geography to enable stakeholders take precise investment decisions.  Value chain analysis in the report provides a clear understanding


Key Findings of Microwave Oven Market:  The global market is growing as a result of the increasing disposable income, changing living standard of consumers and rise in working class segment  Convection market is the major contributor to the microwave oven industry, growing at a CAGR of 6.54% during 2015-2020  The household microwave oven market would grow at a CAGR of 6.43% during the forecast period.  North America enjoys the largest share in the global market for microwave ovens.  Asia-Pacific would prove to be one of the most profitable markets, in terms of growth


Profiled Key Market Players:-

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LG Electronics Samsung Electronics Alto-Shaam Inc. AB Electrolux Sharp Corporation Hoover Limited Illinois Tool Works Inc. Galanz Enterprise Group Whirlpool Corporation Panasonic Corporation

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Top Winning Strategies for Global Microwave Oven Market (2014-2020)  

Top players are adopting various strategies in the market in order to acquire a bigger market share in the microwave oven market. Their key...

Top Winning Strategies for Global Microwave Oven Market (2014-2020)  

Top players are adopting various strategies in the market in order to acquire a bigger market share in the microwave oven market. Their key...

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