Market Research Engine has published a new report titled as “Microwave Oven Market Size by Type (Convection, Grill, Solo), By Application Outlook (Household, Commercial), By Structure (Built-in, Counter Top), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.”
The Microwave Oven Market is expected to be around US$ 15.13 Billion by 2027 at a CAGR of 2.97% in the given forecast period.
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Microwave ovens refer to the electronic devices which make use of the utilize electromagnetic waves to cook and heat food and beverage products in a shorter period of time. The electromagnetic waves or microwaves tend to release heat in the form of microwave energy. This energy is further exposed to the water molecules present in food products. The growth in the number of working population and their preoccupied timetables of people in urban cities acts as the major factors driving the development of microwave oven market. The growth in high demand for frozen, number of nuclear families, and ready-to-eat food and development of sales of smart kitchen applications accelerate the microwave oven market development. The growth of hospitality sector and rising catering contracts for large-scale functions, seminars and other social gatherings and growth in the acceptance of kitchen and home appliances because of growing rate of urbanization further influence the microwave oven market. Moreover, rising standard of living of customers, development in population, rise in alertness about different cooking appliances, growth in consumer spending on kitchen appliances and surge in disposable income of consumers positively affect the microwave oven market.
The global Microwave Oven market is segregated on the basis of Type as Convection, Grill, and Solo. Based on Application Outlook the global Microwave Oven market is segmented in Household and Commercial. Based on Structure the global Microwave Oven market is segmented in Built-in and Counter Top.
The global Microwave Oven market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Microwave Oven market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
LG Electronics, Samsung Electronics, Alto-Shaam Inc., AB Electrolux, Sharp Corporation, Hoover Limited, Illinois Tool Works Inc., Galanz Enterprise Group, Whirlpool Corporation, Panasonic Corporation, and others are among the major players in the global Microwave Oven market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Microwave Oven Market has been segmented as below:
Microwave Oven Market, By Type
Microwave Oven Market, By Application Outlook
Microwave Oven Market, By Structure
- Counter Top
Microwave Oven Market, By Region
- North America
- Rest of the World
Microwave Oven Market, By Company
- LG Electronics
- Samsung Electronics
- Alto-Shaam Inc.
- AB Electrolux
- Sharp Corporation
- Hoover Limited
- Illinois Tool Works Inc.
- Galanz Enterprise Group
- Whirlpool Corporation
- Panasonic Corporation
The report covers:
- Global Microwave Oven market sizes from 2021 to 2027, along with CAGR for 2021-2026
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Microwave Oven market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Microwave Oven market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The global Microwave Oven market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Microwave Oven market share. Major industry players with significant revenue share include LG Electronics, Samsung Electronics, Alto-Shaam Inc., AB Electrolux, Sharp Corporation, Hoover Limited, Illinois Tool Works Inc., Galanz Enterprise Group, Whirlpool Corporation, Panasonic Corporation, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Microwave Oven industry trends
- Find complete analysis on the market status
- Identify the Microwave Oven market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customized report as per the requirement can be offered with appropriate recommendations
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Table of Contents:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Microwave Oven Market, By Type
6. Microwave Oven Market, By Application
7. Microwave Oven Market, By Structure
8. Competitive Landscape
9. Company Profiles
9.1 LG Electronics.
9.2 Samsung Electronics
9.3 Alto-Shaam Inc.
9.4 AB Electrolux
9.5 Sharp Corporation
9.6 Hoover Limited
9.7 Illinois Tool Works Inc.
9.8 Galanz Enterprise Group
9.9 Whirlpool Corporation
9.10 Panasonic Corporation
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