India Microwave Oven Market, By Type (Convection, Grill, Solo), By Capacity (Below 25 Liters, 25-30 Liters, Above 30 Liters), By End Use (Residential and Commercial), By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2028F

The Indian Microwave Oven Market was valued at USD243.10 Million in 2022, which may register a growth of 7.91% during the forecast period, to achieve the market value of USD376.37 Million by 2028. The market growth can be attributed to rising demands for modern kitchen appliances in Indian households. Rising disposable income among the population and higher household finances further support the Indian Microwave Oven Market growth in the next five years. The surge in demand for ready-to-eat meals and microwavable eatables also support the growth of the Indian Microwave Oven Market in the next five years. The growing inclination of the population toward a sedentary lifestyle, hectic work schedules, and lack of time and resources to indulge in extensive home cooking further substantiate the growth of the Indian Microwave Oven Market in the future five years.



Rapid urbanization and rising living standards of the country's middle-class and high-class population also aid the growth of the Indian Microwave Oven Market in the forecast years through 2027.

The Indian Microwave Oven Market is segmented by type, capacity, end-use, distribution channel, competitive analysis, and regional distribution. Based on type, the market is further segmented into convection, grill, and solo. By capacity, the market is fragmented into below 25 liters, 25-30 liters, and above 30 liters. Based on end-use, the market is differentiated between residential and commercial. By distribution channel, the market is bifurcated into multibranded stores, supermarkets/hypermarkets, exclusive stores, online, and others like direct sales, wholesales, etc. Multibranded stores are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of availability of the multiple brands at one store, choosing products available for the consumer. Moreover, these stores are also functional on the brand values, thereby aiding the market's growth. The market is also discussed in regional analysis among North India, South India, West India, and East India region.

LG Electronics India Pvt. Ltd., Samsung India Electronics Private Ltd., IFB Industries Limited, Whirlpool of India Ltd., Panasonic India Pvt. Ltd., Godrej & Boyce Manufacturing Company Limited, Haier Smart Home Co. Ltd., Bajaj Electricals Ltd, Ken Lifestyles Private Limited, Siemens Limited, etc. are some of the leading market players of the Indian Microwave Oven Market. New market players are also actively entering the market in the recent years and further strengthening the growth of the future market growth.

Years considered for this report:

• Historical Years: 2018- 2021
• Base Year: 2022
• Estimated Year: 2023
• Forecast Period: 2024 - 2028

Objective of the Study:

• To analyze the market size of the Indian Microwave Oven Market from 2018 to 2021.
• To estimate and forecast the market size of the Indian Microwave Oven Market from 2023 to 2028 and growth rate until 2028.
• To classify and forecast the Indian Microwave Oven Market based on type, capacity, end-use, distribution channel, competitive analysis, and regional distribution.
• To identify dominant region or segment in the Indian Microwave Oven Market.
• To identify drivers and challenges for the Indian Microwave Oven Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Microwave Oven Market.
• To identify and analyze the profile of leading players operating in the Indian Microwave Oven Market
• To identify key sustainable strategies adopted by the market players in the Indian Microwave Oven Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across India.

The publisher calculated the market size of the Indian Microwave Oven Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Manufacturers, suppliers, distributors, and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to microwave oven
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Indian Microwave Oven Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Microwave Oven Market, By Type:

• Convection
• Solo
• Grill

India Microwave Oven Market, By Capacity:

• Below 25 Liters
• 25-30 Liters
• Above 30 Liters

India Microwave Oven Market, By End-User:

• Residential
• Commercial

India Microwave Oven Market, By Distribution Channel:

• Multi-Branded Stores
• Supermarkets/Hypermarkets
• Exclusive Stores
• Online
• Others

India Microwave Oven Market, By Region:

• North
• West
• South
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indian Microwave Oven Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.