Global Microwave Ovens Market 2024

Description

The global microwave ovens market is poised for gradual growth, with an expected incremental increase of USD 6.7 billion, reflecting a compound annual growth rate (CAGR) of nearly 4.4% from 2024 to 2029. The microwave ovens market is seeing strong growth due to the increasing trend towards time efficiency and the demand for quick cooking solutions. Rising disposable incomes, particularly in emerging markets, are allowing more consumers to access these appliances. Innovations in microwave technology, such as energy-efficient models and multifunctional designs that can perform grilling, baking, and steaming functions, are driving market growth on a global scale.

The report offers a comprehensive evaluation of the global microwave ovens market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product, technology, distribution channel and region. This comprehensive evaluation aids in identifying the growth potential within the microwave ovens industry.

Market Segmentation

The global microwave ovens market is classified into the following segments:
Product: built-in microwaves, freestanding microwaves
Technology: smart, non-smart
Distribution channel: supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, others
Region: Asia Pacific, Europe, Latin America, Middle East and Africa, North America

The global microwave ovens market is segmented by product, technology, distribution channel and region. By product, the market features built-in microwaves, and freestanding microwaves. Technology segments are divided into smart, and non-smart. Distribution channel segments comprise supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, and others. Geographically, the market includes Asia Pacific, Europe, Latin America, Middle East and Africa, and North America.

Competitive Landscape

The competitive landscape of the microwave ovens industry has been thoroughly analyzed, highlighting key players such as Xiaomi Corporation, Winia Group, Whirlpool Corporation, The Samsung Group, Swan Products Ltd., Spectrum Brands Holdings Inc., Smeg S.p.A, SK Magic Co. Ltd., SEVERIN Elektrogerate GmbH, Panasonic Corporation, New San S.A., Mystery Electronics Ltd., Midea Group Co. Ltd., LG Corporation, Inter IKEA Systems B.V., IFB Industries Limited, Hon Hai Precision Industry Co. Ltd., Hitachi Ltd., Hisense Group Co. Ltd., Hamilton Beach Brands Holding Company, Haier Group Corporation, Guangdong Galanz Enterprises Co. Ltd., Groupe Cevital, Golder Electronics, Emerson Electric Co., Electrolux AB, De’Longhi S.p.A., Danby Products Limited, Controladora Mabe S.A. de C.V., Clatronic International GmbH, BSH Hausgerate GmbH, BGH S.A. and Arcelik A.S.

This analysis offers a comprehensive overview of the main players in the microwave ovens market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the global microwave ovens market.
Gain in-depth analysis and forecasts for the key segments of the global microwave ovens market: product, technology, distribution channel and region.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the global microwave ovens market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the global microwave ovens market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Global Microwave Ovens Market – Product Analysis
Global Microwave Ovens Market – Technology Analysis
Global Microwave Ovens Market – Distribution Channel Analysis
Global Microwave Ovens Market – Region Analysis
Key Players and Market Share
– Xiaomi Corporation
– Winia Group
– Whirlpool Corporation
– The Samsung Group
– Swan Products Ltd.
– Spectrum Brands Holdings, Inc.
– Smeg S.p.A
– SK Magic Co., Ltd.
– SEVERIN Elektrogerate GmbH
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Global Microwave Ovens Market 2019-2029
Chart Global Microwave Ovens Market, Net Growth, 2019-2029
Chart Global Microwave Ovens Market, Growth Rates, 2019-2029
Table Global Microwave Ovens Market by Product, 2019-2029
Chart Global Microwave Ovens Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Global Microwave Ovens Market by Product, 2019-2029
Table Global Microwave Ovens Market by Technology, 2019-2029
Chart Global Microwave Ovens Market by Technology, CAGR Historic and Forecast, 2019-2029
Chart Global Microwave Ovens Market by Technology, 2019-2029
Table Global Microwave Ovens Market by Distribution Channel, 2019-2029
Chart Global Microwave Ovens Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Global Microwave Ovens Market by Distribution Channel, 2019-2029
Table Global Microwave Ovens Market by Region, 2019-2029
Chart Global Microwave Ovens Market by Region, CAGR Historic and Forecast, 2019-2029
Chart Global Microwave Ovens Market by Region, 2019-2029
Table Global Microwave Ovens Market Share (%), by Companies, 2019-2023
Chart Global Microwave Ovens Market, by Companies, 2023
Table Global Microwave Ovens Market Share (%), by Brands, 2019-2023
Chart Global Microwave Ovens Market, by Brands, 2023
Table Global – Population (Millions) and Forecast
Table Global – Consumer Price Index (CPI) and Forecast
Table Global – Gross Domestic Product and Forecast
Table Global Microwave Ovens Market: Spend as a Proportion of GDP (%)
Table Global Microwave Ovens Market: Consumption per Capita (Population)

Companies Mentioned

Xiaomi Corporation
Winia Group
Whirlpool Corporation
The Samsung Group
Swan Products Ltd.
Spectrum Brands Holdings, Inc.
Smeg S.p.A
SK Magic Co., Ltd.
SEVERIN Elektrogerate GmbH
Panasonic Corporation
New San S.A.
Mystery Electronics Ltd.
Midea Group Co., Ltd.
LG Corporation
Inter IKEA Systems B.V.
IFB Industries Limited
Hon Hai Precision Industry Co., Ltd.
Hitachi, Ltd.
Hisense Group Co., Ltd.
Hamilton Beach Brands Holding Company
Haier Group Corporation
Guangdong Galanz Enterprises Co., Ltd.
Groupe Cevital
Golder Electronics
Emerson Electric Co.
Electrolux AB
De’Longhi S.p.A.
Danby Products Limited
Controladora Mabe S.A. de C.V.
Clatronic International GmbH
BSH Hausgerate GmbH
BGH S.A.
Arcelik A.S.