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Smart Microwave Ovens Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5735436
The smart microwave ovens market size has grown rapidly in recent years. It will grow from $4.36 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The expansion observed in the historical period can be ascribed to factors such as consumer convenience, energy efficiency, evolving lifestyles, health consciousness, and the rise in disposable income.

The smart microwave ovens market size is expected to see rapid growth in the next few years. It will grow to $9.02 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The anticipated growth in the forecast period can be credited to the increasing integration of the Internet of Things (IoT), the expansion of smart home ecosystems, a focus on customization and personalization, the incorporation of sustainability features, the integration of health-tech, and the penetration of the market in emerging economies. Key trends expected in the forecast period involve heightened connectivity and IoT integration, the adoption of in-oven cameras for monitoring, the expansion of pre-programmed cooking options, the integration of recipe libraries and cooking guidance, and a concerted emphasis on energy efficiency and sustainability.

The anticipated growth in the smart microwave ovens market is driven by the increasing adoption of smart home appliances. Smart homes, equipped with various internet-connected devices, enable homeowners to control and automate various aspects of their living space. Smart microwaves contribute to the sense of automation in smart homes, automating tasks efficiently. For instance, a November 2022 report, the State of the Connected Home, revealed that 77% of adults in the UK own at least one smart home appliance, reflecting a growing trend from 67% in 2020 and 76% in 2021. Additionally, the number of advanced adopters of smart home devices reached 26% in 2022, up from 24% in 2021 and 17% in 2020, emphasizing the increasing demand for smart microwave ovens.

The rise in disposable income is expected to further drive the growth of the smart microwave oven market. Disposable income, representing funds available for spending and saving after taxes and obligatory deductions, influences the adoption of appliances that save time and effort, such as microwave ovens. For example, according to the Bureau of Economic Analysis, US disposable personal income increased by $7.3 billion (less than 0.1 percent) in July 2023. Additionally, the World Bank reported that in 2021, lower-middle-income countries had per capita net disposal income ranging from $1,036 to $4,045, while upper-middle-income countries had per capita net disposal income ranging from $4,046 to $12,535. Increasing disposable income contributes significantly to the growth of the smart microwave oven market.

The potential cybersecurity risks pose a threat to the smart appliance market, as hackers could exploit vulnerabilities to cause harm to users. Smart microwave ovens, with remote control capabilities, may be susceptible to cyber-attacks, creating safety concerns. For instance, a July 2021 report indicated that smart homes could experience over 12,000 cyber-attacks in a single week. The safety issues arising from cyber-attacks may hinder the growth of the smart microwave oven market during the forecast period.

The Scan-to-Cook feature is a technological advancement that simplifies the preparation and cooking of pre-packaged and frozen foods by allowing users to scan the barcode on the package using a smartphone and an associated app. This process sends customized and recommended instructions to the microwave oven, ensuring the perfection of the prepared meals. In 2021, LG introduced the Double Oven Gas Slide-in Range and Over-the-Range Microwave Oven, both equipped with the Scan-to-Cook feature. LG collaborated with the AI start-up Foodspace Technology, based in Boston, to develop this innovative feature. With the increasing global trend of busy lifestyles leading many families to opt for frozen foods, the Scan-to-Cook feature eliminates the guesswork from cooking, resulting in precise and perfect meals, thereby driving the demand for smart microwave ovens.

Key players in the smart microwave oven market are strategically focusing on the introduction of Wi-Fi-connected ovens to capitalize on market growth. These ovens can be controlled and monitored wirelessly through an internet connection. For instance, Sharp Corporation launched the world's first smart convection microwave drawer oven, the SMD2499FS, in February 2021. This product features dual convection fans for turntable-free baking, roasting, grilling, and air-frying. With an easy wave-open feature for touchless operation and compatibility with Alexa and Wi-Fi connectivity, this oven aligns seamlessly with modern smart home setups.

In January 2021, Weber-Stephen Products, LLC., a US-based manufacturer of grills and accessories, acquired June for an undisclosed amount. This acquisition is part of the company's strategy to enhance the outdoor cooking experience by incorporating digital goods, services, and experiences that add dynamism and interest to grilling. June is a US-based home automation company.

Major companies operating in the smart microwave ovens market report are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Siemens AG, General Electric Company, LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Midea Group Co. Ltd., Smeg S.p.A., Toshiba Corporation, Whirlpool Corporation, BSH Home Appliances Corporation, Emerson Electric Co., Miele & Cie. KG, SharkNinja Operating LLC, Sharp Corporation, Breville Group Limited, Electrolux AB (publ), Sub-Zero Group Inc., Kenmore Brands, SANYO Electric Co. Ltd., Viking Range Corporation, Dacor Inc., June Life Inc., Candy Hoover S.p.A., Morphy Richards Ltd., Tovala Inc., Hestan Smart Cooking Inc., Galanz Group, Gorenje Group d.o.o., Teka Industrial S.A.U., Hannspree Group Inc., Hisense Group Co. Ltd., TTK Prestige Limited. Asia-Pacific was the largest region in the smart microwave oven market in 2023. Western Europe was the second-largest region in the global smart microwave oven market analysis. The regions covered in the smart microwave ovens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Smart microwave ovens come in various types, including grill microwave ovens, convection microwave ovens, microwave/light-wave ovens, and others, employing technologies such as Bluetooth, Wi-Fi, and NFC. Grill microwave ovens leverage smart technology for grilling, offering time and space-saving benefits. These appliances are available through various channels such as hypermarkets, supermarkets, specialty stores, online platforms, and others, catering to both commercial and personal users.

The smart microwave oven market research report is one of a series of new reports that provides smart microwave oven market statistics, including smart microwave oven industry global market size, regional shares, competitors with a smart microwave oven market share, detailed smart microwave oven market segments, market trends and opportunities, and any further data you may need to thrive in the smart microwave oven industry. This smart microwave oven market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The countries covered in the smart microwave ovens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart microwave ovens market consists of sales of smart grill microwave ovens, smart convection microwave ovens, and other smart microwave ovens. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Smart Microwave Ovens Market Characteristics3. Smart Microwave Ovens Market Trends and Strategies
4. Smart Microwave Ovens Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Smart Microwave Ovens Market Size and Growth
5.1. Global Smart Microwave Ovens Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Smart Microwave Ovens Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Smart Microwave Ovens Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Smart Microwave Ovens Market Segmentation
6.1. Global Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Grill Microwave Oven
  • Convection Microwave Oven
  • Microwave/Light-wave Oven
  • Other Product Types
6.2. Global Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Bluetooth
  • Wi-Fi
  • NFC
6.3. Global Smart Microwave Ovens Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hypermarket and Supermarket
  • Specialty Store
  • Online Store
  • Other Distribution Channels
6.4. Global Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Commercial
  • Personal
7. Smart Microwave Ovens Market Regional and Country Analysis
7.1. Global Smart Microwave Ovens Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Microwave Ovens Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Smart Microwave Ovens Market
8.1. Asia-Pacific Smart 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 Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Smart Microwave Ovens Market
9.1. China Smart Microwave Ovens Market Overview
9.2. China Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Smart Microwave Ovens Market
10.1. India Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Smart Microwave Ovens Market
11.1. Japan Smart Microwave Ovens Market Overview
11.2. Japan Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Smart Microwave Ovens Market
12.1. Australia Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Smart Microwave Ovens Market
13.1. Indonesia Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Smart Microwave Ovens Market
14.1. South Korea Smart Microwave Ovens Market Overview
14.2. South Korea Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Smart Microwave Ovens Market
15.1. Western Europe Smart Microwave Ovens Market Overview
15.2. Western Europe Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Smart Microwave Ovens Market
16.1. UK Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Smart Microwave Ovens Market
17.1. Germany Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Smart Microwave Ovens Market
18.1. France Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Smart Microwave Ovens Market
19.1. Italy Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Smart Microwave Ovens Market
20.1. Spain Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Smart Microwave Ovens Market
21.1. Eastern Europe Smart Microwave Ovens Market Overview
21.2. Eastern Europe Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Smart Microwave Ovens Market
22.1. Russia Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Smart Microwave Ovens Market
23.1. North America Smart Microwave Ovens Market Overview
23.2. North America Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Smart Microwave Ovens Market
24.1. USA Smart Microwave Ovens Market Overview
24.2. USA Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Smart Microwave Ovens Market
25.1. Canada Smart Microwave Ovens Market Overview
25.2. Canada Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Smart Microwave Ovens Market
26.1. South America Smart Microwave Ovens Market Overview
26.2. South America Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Smart Microwave Ovens Market
27.1. Brazil Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Smart Microwave Ovens Market
28.1. Middle East Smart Microwave Ovens Market Overview
28.2. Middle East Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Smart Microwave Ovens Market
29.1. Africa Smart Microwave Ovens Market Overview
29.2. Africa Smart Microwave Ovens Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Smart Microwave Ovens Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Smart Microwave Ovens Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Smart Microwave Ovens Market Competitive Landscape and Company Profiles
30.1. Smart Microwave Ovens Market Competitive Landscape
30.2. Smart Microwave Ovens Market Company Profiles
30.2.1. Samsung Electronics Co. Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Robert Bosch GmbH
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Siemens AG
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. General Electric Company
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. LG Electronics Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Smart Microwave Ovens Market Other Major and Innovative Companies
31.1. Panasonic Corporation
31.2. Haier Group Corporation
31.3. Midea Group Co. Ltd.
31.4. Smeg S.p.A.
31.5. Toshiba Corporation
31.6. Whirlpool Corporation
31.7. BSH Home Appliances Corporation
31.8. Emerson Electric Co.
31.9. Miele & Cie. KG
31.10. SharkNinja Operating LLC
31.11. Sharp Corporation
31.12. Breville Group Limited
31.13. Electrolux AB (publ)
31.14. Sub-Zero Group Inc.
31.15. Kenmore Brands
32. Global Smart Microwave Ovens Market Competitive Benchmarking33. Global Smart Microwave Ovens Market Competitive Dashboard34. Key Mergers and Acquisitions in the Smart Microwave Ovens Market
35. Smart Microwave Ovens Market Future Outlook and Potential Analysis
35.1 Smart Microwave Ovens Market in 2028 - Countries Offering Most New Opportunities
35.2 Smart Microwave Ovens Market in 2028 - Segments Offering Most New Opportunities
35.3 Smart Microwave Ovens Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Smart Microwave Ovens Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart microwave ovens market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • 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 shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for smart microwave ovens? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This 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.
  • 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, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the 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 growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter 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.

Report Scope

Markets Covered:
1) By Product Type: Grill Microwave Oven; Convection Microwave Oven; Microwave/Light-wave Oven; Other Product Types
2) By Technology: Bluetooth; Wi-Fi; NFC
3) By Distribution Channel: Hypermarket and Supermarket; Specialty Store; Online Store; Other Distribution Channels
4) By End-user: Commercial; Personal

Key Companies Mentioned: Samsung Electronics Co. Ltd.; Robert Bosch GmbH; Siemens AG; General Electric Company; LG Electronics Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

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

Time Series: Five years historic and ten years forecast

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

Data Segmentation: 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

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Samsung Electronics Co. Ltd.
  • Robert Bosch GmbH
  • Siemens AG
  • General Electric Company
  • LG Electronics Inc.
  • Panasonic Corporation
  • Haier Group Corporation
  • Midea Group Co. Ltd.
  • Smeg S.p.A.
  • Toshiba Corporation
  • Whirlpool Corporation
  • BSH Home Appliances Corporation
  • Emerson Electric Co.
  • Miele & Cie. KG
  • SharkNinja Operating LLC
  • Sharp Corporation
  • Breville Group Limited
  • Electrolux AB (publ)
  • Sub-Zero Group Inc.
  • Kenmore Brands
  • SANYO Electric Co. Ltd.
  • Viking Range Corporation
  • Dacor Inc.
  • June Life Inc.
  • Candy Hoover S.p.A.
  • Morphy Richards Ltd.
  • Tovala Inc.
  • Hestan Smart Cooking Inc.
  • Galanz Group
  • Gorenje Group d.o.o.
  • Teka Industrial S.A.U.
  • Hannspree Group Inc.
  • Hisense Group Co. Ltd.
  • TTK Prestige Limited

Methodology

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