Global Microwave Oven Market By Product (Convection, Grill and Solo), By Application (Household and Commercial), By Structure (Free-Standing and Built-in), By Region, Competition, Forecast & Opportunities, 2026

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Summary

Report Description

The global microwave oven market was valued at USD29845.56 million in 2020 and is expected to grow at an increasing rate of over 4.31% during the forecast period. The global microwave oven market is driven by the increasing population and growing demand for technology and smart kitchen. Additionally, growing popularity among consumers, and increasing disposable income of consumers are expected to elevate the demand for microwave oven, thereby driving the market growth through 2026F. Furthermore, growing urbanization, industrialization, improving standard of living of consumers, and increasing number of nuclear families are positively influencing the market growth. With the advancement in technology, more companies are likely to develop products that consume less energy and energy efficient over the traditional counterparts. The growing craze of connectivity between home appliances and innovations, such as inverter-based microwave ovens, is forecast to generate new opportunities in the market.

The increase in the propensity of consumers to spend on appliances that assist them on kitchen chores is facilitating the growth of the microwave oven market worldwide. The changing lifestyle of consumers has encouraged them to select stylish and convenient appliances.

The global microwave oven market is segmented based on product, application, structure, and region. Based on product, the market can be divided into convection, grill and solo. The convection microwave is expected to dominate the market as convection is an all-rounder and provides 360-degree heating as it has a magnetron and a fan for even cooking. Convection microwave oven comprises of sensor cooking and inverter technology, on the other hand, grill microwave has combo grilling and power grilling technology.

In terms of application, the market is divided into household and commercial segment. Out of which, the household segment is dominating the market due to increasing number of population and high demand of smart appliances in kitchen. The structure segment is divided into Free-Standing and Built-in, wherein Free-Standing led the market as there is no installing cost and the microwaves can be moved from one place to another easily, whereas built-in microwave ovens cannot be moved as they are fixed at one place and are comparatively costly than the Free-Standings.

Regionally, North America is expected to dominate the market on account of the widespread adoption of smart appliances in households and the commercial sector is expected to grow at a fast pace as there are a large number of restaurants, cafes and hotels. Additionally, high per capita income and large population are further expected to propel the market growth in this region. Asia-Pacific is expected to witness significant growth in the overall microwave oven market owing to the increasing disposable income and growing number of hotels in the region, especially in the countries like China, Japan and India.

 

The major players operating in the global microwave oven market are Panasonic Corporation, Midea., AB Electrolux, Whirlpool Corporation, Guangdong Galanz Enterprises Co., Ltd., Samsung Electronics Co., Ltd., LG Electronics, Breville Group Limited, BSH Haugerate GmbH, Sharp Corporation, and others. Major companies are developing advanced technologies and launching new less power-consumption microwaves to stay competitive in the market.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021E

Forecast Period: 2022F-2026F

Objective of the Study:

  • To analyze the historical growth in the market size of the global microwave oven market from 2016 to 2020F.
  • To estimate and forecast the market size of the global microwave oven market from 2021 to 2026F and growth rate until 2026F. 
  • To classify and forecast the global microwave oven market based on the product, application, structure, and regional distribution.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global microwave oven market.
  • To identify the dominant region or segment in the global microwave oven market.
  • To identify drivers and challenges for the global microwave oven market.
  • To identify and analyze the profile of leading players operating in the global microwave oven market.
  • To identify key sustainable strategies adopted by market players in the global microwave oven market.


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

TechSci Research calculated the market size of the global microwave oven market using a top-down approach in the overall market, and bottom-up approach in the regional market, wherein data for various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them by analyzing historical data of these product types 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 by TechSci Research.

Key Target Audience:

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

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

Report Scope:

In this report, the global microwave oven market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Microwave Oven Market, By Product:
    • Convection
    • Grill
    • Solo
  • Global Microwave Oven Market, By Application:
    • Household
    • Commercial
  • Global Microwave Oven Market, By Structure:
    • Free-Standing
    • Built-in
  • Global Microwave Oven Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East and Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global microwave oven market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Microwave Oven Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decisions

6.    Global Microwave Oven Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product (Convection, Grill, Solo)

6.2.2.     By Application (Household, Commercial)

6.2.3.     By Structure (Free-Standing, Built-in)

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Market Map

7.    North America Microwave Oven Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product (Convection, Grill, Solo)

7.2.2.     By Application (Household, Commercial)

7.2.3.     By Structure (Free-Standing, Built-in)

7.2.4.     By Country

7.3.  United States Microwave Oven Market Outlook

7.3.1.     Market Size & Forecast

7.3.1.1.         By Value

7.3.2.     Market Share & Forecast

7.3.2.1.         By Product (Convection, Grill, Solo)

7.3.2.2.         By Application (Household, Commercial)

7.3.2.3.         By Structure (Free-Standing, Built-in)

7.4.  Canada Microwave Oven Market Outlook

7.4.1.     Market Size & Forecast

7.4.1.1.         By Value

7.4.2.     Market Share & Forecast

7.4.2.1.         By Product (Convection, Grill, Solo)

7.4.2.2.         By Application (Household, Commercial)

7.4.2.3.         By Structure (Free-Standing, Built-in)

7.5.  Mexico Microwave Oven Market Outlook

7.5.1.     Market Size & Forecast

7.5.1.1.         By Value

7.5.2.     Market Share & Forecast

7.5.2.1.         By Product (Convection, Grill, Solo)

7.5.2.2.         By Application (Household, Commercial)

7.5.2.3.         By Structure (Free-Standing, Built-in)

8.    Europe Microwave Oven Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product (Convection, Grill, Solo)

8.2.2.     By Application (Household, Commercial)

8.2.3.     By Structure (Free-Standing, Built-in)

8.2.4.     By Country

8.3.  Germany Microwave Oven Market Outlook

8.3.1.     Market Size & Forecast

8.3.1.1.         By Value

8.3.2.     Market Share & Forecast

8.3.2.1.         By Product (Convection, Grill, Solo)

8.3.2.2.         By Application (Household, Commercial)

8.3.2.3.         By Structure (Free-Standing, Built-in)

8.4.  Italy Microwave Oven Market Outlook

8.4.1.     Market Size & Forecast

8.4.1.1.         By Value

8.4.2.     Market Share & Forecast

8.4.2.1.         By Product (Convection, Grill, Solo)

8.4.2.2.         By Application (Household, Commercial)

8.4.2.3.         By Structure (Free-Standing, Built-in)

8.5.  United Kingdom Microwave Oven Market Outlook

8.5.1.     Market Size & Forecast

8.5.1.1.         By Value

8.5.2.     Market Share & Forecast

8.5.2.1.         By Product (Convection, Grill, Solo)

8.5.2.2.         By Application (Household, Commercial)

8.5.2.3.         By Structure (Free-Standing, Built-in)

8.6.  France Microwave Oven Market Outlook

8.6.1.     Market Size & Forecast

8.6.1.1.         By Value

8.6.2.     Market Share & Forecast

8.6.2.1.         By Product (Convection, Grill, Solo)

8.6.2.2.         By Application (Household, Commercial)

8.6.2.3.         By Structure (Free-Standing, Built-in)

8.7.  Spain Microwave Oven Market Outlook

8.7.1.     Market Size & Forecast

8.7.1.1.         By Value

8.7.2.     Market Share & Forecast

8.7.2.1.         By Product (Convection, Grill, Solo)

8.7.2.2.         By Application (Household, Commercial)

8.7.2.3.         By Structure (Free-Standing, Built-in)

9.    Asia-Pacific Microwave Oven Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product (Convection, Grill, Solo)

9.2.2.     By Application (Household, Commercial)

9.2.3.     By Structure (Free-Standing, Built-in)

9.3.  By Country

9.4.  China Microwave Oven Market Outlook

9.4.1.     Market Size & Forecast

9.4.1.1.         By Value

9.4.2.     Market Share & Forecast

9.4.2.1.         By Product (Convection, Grill, Solo)

9.4.2.2.         By Application (Household, Commercial)

9.4.2.3.         By Structure (Free-Standing, Built-in)

9.5.  India Microwave Oven Market Outlook

9.5.1.     Market Size & Forecast

9.5.1.1.         By Value

9.5.2.     Market Share & Forecast

9.5.2.1.         By Product (Convection, Grill, Solo)

9.5.2.2.         By Application (Household, Commercial)

9.5.2.3.         By Structure (Free-Standing, Built-in)

9.6.  Japan Microwave Oven Market Outlook

9.6.1.     Market Size & Forecast

9.6.1.1.         By Value

9.6.2.     Market Share & Forecast

9.6.2.1.         By Product (Convection, Grill, Solo)

9.6.2.2.         By Application (Household, Commercial)

9.6.2.3.         By Structure (Free-Standing, Built-in)

9.7.  South Korea Microwave Oven Market Outlook

9.7.1.     Market Size & Forecast

9.7.1.1.         By Value

9.7.2.     Market Share & Forecast

9.7.2.1.         By Product (Convection, Grill, Solo)

9.7.2.2.         By Application (Household, Commercial)

9.7.2.3.         By Structure (Free-Standing, Built-in)

10.  South America Microwave Oven Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product (Convection, Grill, Solo)

10.2.2.  By Application (Household, Commercial)

10.2.3.  By Structure (Free-Standing, Built-in)

10.3.              By Country

10.4.              Brazil Microwave Oven Market Outlook

10.4.1.  Market Size & Forecast

10.4.1.1.      By Value

10.4.2.  Market Share & Forecast

10.4.2.1.      By Product (Convection, Grill, Solo)

10.4.2.2.      By Application (Household, Commercial)

10.4.2.3.      By Structure (Free-Standing, Built-in)

10.5.              Argentina Microwave Oven Market Outlook

10.5.1.  Market Size & Forecast

10.5.1.1.      By Value

10.5.2.  Market Share & Forecast

10.5.2.1.      By Product (Convection, Grill, Solo)

10.5.2.2.      By Application (Household, Commercial)

10.5.2.3.      By Structure (Free-Standing, Built-in)

10.6.              Colombia Microwave Oven Market Outlook

10.6.1.  Market Size & Forecast

10.6.1.1.      By Value

10.6.2.  Market Share & Forecast

10.6.2.1.      By Product (Convection, Grill, Solo)

10.6.2.2.      By Application (Household, Commercial)

10.6.2.3.      By Structure (Free-Standing, Built-in)

11.  Middle East and Africa Microwave Oven Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.1.      By Product (Convection, Grill, Solo)

11.2.1.2.      By Application (Household, Commercial)

11.2.1.3.      By Structure (Free-Standing, Built-in)

11.3.              By Country

11.4.              Saudi Arabia Microwave Oven Market Outlook

11.4.1.  Market Size & Forecast

11.4.1.1.      By Value

11.4.2.  Market Share & Forecast

11.4.2.1.      By Product (Convection, Grill, Solo)

11.4.2.2.      By Application (Household, Commercial)

11.4.2.3.      By Structure (Free-Standing, Built-in)

11.5.              UAE Microwave ovens Market Outlook

11.5.1.  Market Size & Forecast

11.5.1.1.      By Value

11.5.2.  Market Share & Forecast

11.5.2.1.      By Product (Convection, Grill, Solo)

11.5.2.2.      By Application (Household, Commercial)

11.5.2.3.      By Structure (Free-Standing, Built-in)

11.6.              South Africa Microwave Oven Market Outlook

11.6.1.  Market Size & Forecast

11.6.1.1.      By Value

11.6.2.  Market Share & Forecast

11.6.2.1.      By Product (Convection, Grill, Solo)

11.6.2.2.      By Application (Household, Commercial)

11.6.2.3.      By Structure (Free-Standing, Built-in)

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Guangdong Galanz Enterprises Co., Ltd.

14.2.              AB Electrolux

14.3.              LG Electronics.

14.4.              Midea Group Co., Ltd.

14.5.              Samsung Electronics Co., Ltd.

14.6.              Panasonic Corporation

14.7.              Sharp Corporation

14.8.              Whirlpool Corporation

14.9.              BSH Haugerate GmbH

14.10.            Breville Group Limited

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

List of Figures:

Figure 1: Global Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 2: Global Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 3: Global Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 4: Global Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 5: Global Microwave Oven Market Share, By Company, By Value, 2020

Figure 6: Global Microwave Oven Market Share, By Region, By Value, 2020 & 2026F

Figure 7: Global Microwave Oven Market Map, Market Size (USD Million) & Growth Rate (%), 2020

Figure 8: North America Microwave Oven Market Size, By Value (USD Million), 2016 -2026F          

Figure 9: North America Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 10: North America Microwave Oven Market Share, By Application Type, By Value, 2016 -2026F

Figure 11: North America Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 12: North America Microwave Oven Market Share, By Country, By Value, 2020 & 2026F

Figure 13: United States Microwave Oven Market Size, By Value (USD Million), 2016 -202               

Figure 14: United States Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 15: United States Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 16: United States Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 17: Canada Microwave Oven Market Size, By Value (USD Million), 2016 -2026F      

Figure 18: Canada Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 19: Canada Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 20: Canada Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 21: Mexico Microwave Oven Market Size, By Value (USD Million), 2016 -2026F      

Figure 22: Mexico Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 23: Mexico Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 24: Mexico Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 25: Europe Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 26: Europe Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 27: Europe Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 28: Europe Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 29: Europe Microwave Oven Market Share, By Country, By Value, 2020 & 2026F

Figure 30: Germany Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 31: Germany Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 32: Germany Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 33: Germany Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 34: Italy Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 35: Italy Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 36: Italy Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 37: Italy Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 38: United Kingdom Microwave Oven Market Size, By Value (USD Million), 2016 -2026F     

Figure 39: United Kingdom Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 40: United Kingdom Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 41: United Kingdom Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 42: France Microwave Oven Market Size, By Value (USD Million), 2016 -2026F        

Figure 43: France Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 44: France Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 45: France Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 46: Spain Microwave Oven Market Size, By Value (USD Million), 2016 -2026F          

Figure 47: Spain Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 48: Spain Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 49: Spain Microwave Oven Market Share, By Structure, By Value, 2016 -2026F 

Figure 50: Asia-Pacific Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 51: Asia-Pacific Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 52: Asia-Pacific Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 53: Asia-Pacific Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 54: Asia-Pacific Microwave Oven Market Share, By Country, By Value, 2020 & 2026F

Figure 55: China Microwave Oven Market Size, By Value (USD Million), 2016 -2026F          

Figure 56: China Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 57: China Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 58: China Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 59: India Microwave Oven Market Size, By Value (USD Million), 2016 -2026F           

Figure 60: India Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 61: India Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 62: India Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 63: Japan Microwave Oven Market Size, By Value (USD Million), 2016 -2026F          

Figure 64: Japan Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 65: Japan Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 66: Japan Microwave Oven Market Share, By Structure, By Value, 2016 -2026F       

Figure 67: South Korea Microwave Oven Market Size, By Value (USD Million), 2016 -2026               

Figure 68: South Korea Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 69: South Korea Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 70: South Korea Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 71: South America Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 72: South America Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 73: South America Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 74: South America Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 75: South America Microwave Oven Market Share, By Country, By Value, 2020 & 2026F

Figure 76: Brazil Microwave Oven Market Size, By Value (USD Million), 2016 -2026F          

Figure 77: Brazil Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 78: Brazil Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 79: Brazil Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 80: Argentina Microwave Oven Market Size, By Value (USD Million), 2016 -2026F 

Figure 81: Argentina Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 82: Argentina Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 83: Argentina Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 84: Colombia Microwave Oven Market Size, By Value (USD Million), 2016 -2026F  

Figure 85: Colombia Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 86: Colombia Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 87: Colombia Microwave Oven Market Share, By Structure, By Value, 2016 -2026F  

Figure 88: Middle East and Africa Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 89: Middle East and Africa Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 90: Middle East and Africa Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 91: Middle East and Africa Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 92: Middle East and Africa Microwave Oven Market Share, By Country, By Value, 2020 & 2026F

Figure 93: Saudi Arabia Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 94: Saudi Arabia Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 95: Saudi Arabia Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 96: Saudi Arabia Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 97: UAE Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 98: UAE Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 99: UAE Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 100: UAE Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Figure 101: South Africa Microwave Oven Market Size, By Value (USD Million), 2016 -2026F

Figure 102: South Africa Microwave Oven Market Share, By Product, By Value, 2016 -2026F

Figure 103: South Africa Microwave Oven Market Share, By Application, By Value, 2016 -2026F

Figure 104: South Africa Microwave Oven Market Share, By Structure, By Value, 2016 -2026F

Frequently asked questions

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The global microwave oven market is propelled by increasing disposable income of consumers, rising standard of living, increasing number of nuclear families, and fast adoption of smart kitchen appliances for making the household chores convenient.

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The key players of the global microwave oven market are Panasonic Corporation, Midea., AB Electrolux, Whirlpool Corporation, Guangdong Galanz Enterprises Co., Ltd., Samsung Electronics Co., Ltd., LG Electronics, Breville Group Limited, BSH Haugerate GmbH, Sharp Corporation, and others.

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North America is the dominant region due to high per capita income and well-developed demographics of the area whereas, Asia-Pacific is the fastest growing region because of high population and increase in the disposable income of the consumers

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The pandemic has surely had a significant impact on the whole world. Sales have decreased for home appliances such as microwave oven, washing machine, air conditioners because people are focusing on buying essential goods rather than spending money on luxury items.

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