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Microwave Ovens Global Market Report 2021: COVID-19 Impact and Recovery to 2030

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    Report

  • May 2021
  • Region: Global
  • The Business Research Company
  • ID: 5323170
Microwave Ovens Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global microwave ovens market as it emerges from the COVID-19 shut down.







Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the microwave ovens? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Microwave Ovens market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider microwave ovens market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The microwave ovens market section of the report gives context. It compares the microwave ovens market with other segments of the microwave ovens market by size and growth, historic and forecast.

Scope

Markets Covered:

1) By Product: Grill; Solo; Convection 2) By Application: Commercial ; Household 3) By Structure: Counter Top; Built-In 4) By Distribution Channel: Specialty Stores; Supermarkets/Hypermarkets; Online Channel; Other Distribution Channel

Companies Mentioned: Sharp Corporation; LG Electronics Inc; Electrolux AB; Alto-Shaam Inc; Panasonic Corporation

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Frequently Asked Questions about the Global Microwave Ovens Market

What is the estimated value of the Global Microwave Ovens Market?

The Global Microwave Ovens Market was estimated to be valued at $36.51 billion in 2021.

What is the growth rate of the Global Microwave Ovens Market?

The growth rate of the Global Microwave Ovens Market is 6.6%, with an estimated value of $47.13 billion by 2025.

What is the forecasted size of the Global Microwave Ovens Market?

The Global Microwave Ovens Market is estimated to be worth $47.13 billion by 2025.

Who are the key companies in the Global Microwave Ovens Market?

Key companies in the Global Microwave Ovens Market include Sharp Corporation, LG Electronics Inc, Electrolux AB, Alto, Shaam Inc, Panasonic Corporation, Samsung Electronics, Dongbu Daewoo Electronics and SMEG.

Table of Contents

1. Executive Summary2. Microwave Ovens Market Characteristics3. Microwave Ovens Market Trends and Strategies4. Impact of COVID-19 on Microwave Ovens
5. Microwave Ovens Market Size and Growth
5.1. Global Microwave Ovens Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Microwave Ovens Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Microwave Ovens Market Segmentation
6.1. Global Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Grill
  • Solo
  • Convection
6.2. Global Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Commercial
  • Household
6.3. Global Microwave Ovens Market, Segmentation by Structure, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Counter Top
  • Built-In
6.4. Global Microwave Ovens Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Specialty Stores
  • Supermarkets/Hypermarkets
  • Online Channel
  • Other Distribution Channel

7. Microwave Ovens Market Regional and Country Analysis
7.1. Global Microwave Ovens Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Microwave Ovens Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Microwave Ovens Market
8.1. Asia-Pacific Microwave Ovens Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Microwave Ovens Market
9.1. China Microwave Ovens Market Overview
9.2. China Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Microwave Ovens Market
10.1. India Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Microwave Ovens Market
11.1. Japan Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Microwave Ovens Market
12.1. Australia Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Microwave Ovens Market
13.1. Indonesia Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Microwave Ovens Market
14.1. South Korea Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Microwave Ovens Market
15.1. Western Europe Microwave Ovens Market Overview
15.2. Western Europe Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Microwave Ovens Market
16.1. UK Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Microwave Ovens Market
17.1. Germany Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Microwave Ovens Market
18.4. France Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Microwave Ovens Market
19.1. Eastern Europe Microwave Ovens Market Overview
19.2. Eastern Europe Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Microwave Ovens Market
20.1. Russia Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Microwave Ovens Market
21.1. North America Microwave Ovens Market Overview
21.2. North America Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Microwave Ovens Market
22.1. USA Microwave Ovens Market Overview
22.2. USA Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Microwave Ovens Market
23.1. South America Microwave Ovens Market Overview
23.2. South America Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Microwave Ovens Market
24.1. Brazil Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Microwave Ovens Market
25.1. Middle East Microwave Ovens Market Overview
25.2. Middle East Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Microwave Ovens Market
26.1. Africa Microwave Ovens Market Overview
26.2. Africa Microwave Ovens Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Microwave Ovens Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Microwave Ovens Market Competitive Landscape and Company Profiles
27.1. Microwave Ovens Market Competitive Landscape
27.2. Microwave Ovens Market Company Profiles
27.2.1. Sharp Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. LG Electronics Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Electrolux AB
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Alto-Shaam Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Panasonic Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Microwave Ovens Market29. Microwave Ovens Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

Executive Summary

Major players in the microwave ovens market are Sharp Corporation, LG Electronics Inc, Electrolux AB, Alto-Shaam Inc, Panasonic Corporation, Samsung Electronics, Dongbu Daewoo Electronics, Whirlpool Corporation, SMEG and Haier Group Corporation.

The global microwave ovens market is expected to grow from $34.04 billion in 2020 to $36.51 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $47.13 billion in 2025 at a CAGR of 7%.

The microwave ovens market includes sales of electric ovens that cook food by exposing it to electromagnetic radiation in the microwave frequency range.

The increasing demand for frozen and ready-to-eat food owing to busy lifestyles is expected to drive the microwave ovens market growth during the forecast period. Frozen and prepared meals can easily be cooked in microwave ovens and taste similar to that of fresh food. About 79% of urban citizens tend to include ready-to-eat food in their daily meals in 2020. Therefore, the increasing demand for frozen and ready-to-eat food owing to busy lifestyles drives the growth of the microwave ovens market.

Increased tariffs on raw materials such as steel and aluminum is acting as a restraint on the market for microwave ovens. Galvanized or stainless steel is predominantly used in the manufacture of microwave ovens. Increasing import tariffs on raw materials such as steel hindered the market for microwave ovens. For instance, in 2018, the USA imposed tariffs of 25% on import of steel.

The microwave ovens market covered in this report is segmented by product into grill, solo and convection. The microwave ovens market in this report is segmented by application into commercial and household. The microwave ovens market in this report is segmented by structure into counter top and built-in. The microwave ovens market in this report is segmented by distribution channel into specialty stores, supermarkets/hypermarkets, online channel and others.

Companies in the household cooking appliance market are increasingly launching technologically-advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electrolux’s EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Sharp Corporation
  • LG Electronics Inc
  • Electrolux AB
  • Alto-Shaam Inc
  • Panasonic Corporation
  • Samsung Electronics
  • Dongbu Daewoo Electronics
  • Whirlpool Corporation
  • SMEG
  • Haier Group Corporation
  • AB Electrolux
  • Hoover Limited
  • Illinois Tool Works Inc.
  • Galanz Enterprise Group
  • Amana
  • Bosch
  • Cuisinart
  • Frigidaire
  • GE
  • Kenmore
  • KitchenAid
  • Ali Group
  • Midea Group
  • Vulcan-Hart
  • Bakers Pride Oven Co. Inc.
  • Frigidaire
  • Kenwood Limited

Methodology

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