Microwave Oven Market Size, Share & Trends Analysis Report By Product (Convection, Grill, Solo), By Application (Commercial, Household), By Structure (Built-in, Counter top), By Region, And Segment Forecasts, 2012 - 2022
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The global microwave oven market size is anticipated to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 2.8% during the forecast period. Improving standard of living of consumers, growing number of nuclear families, and increasing demand for frozen and ready-to-eat food are some of the key factors stimulating market growth.
Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. This may be a drawback for the residential appliance market. However, this trend is estimated to boost the culture of quick service restaurants, cafes, and small eateries, which in turn will work in favor of the market.
Robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. In case of the residential application segment, the most significant driver is the changing lifestyles and food consumption preferences of people, with more consumers shifting towards ready-to-eat and frozen food.
Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.
Further key findings from the report suggest:
The global microwave oven market size is anticipated to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 2.8% during the forecast period. Improving standard of living of consumers, growing number of nuclear families, and increasing demand for frozen and ready-to-eat food are some of the key factors stimulating market growth.
Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. This may be a drawback for the residential appliance market. However, this trend is estimated to boost the culture of quick service restaurants, cafes, and small eateries, which in turn will work in favor of the market.
Robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. In case of the residential application segment, the most significant driver is the changing lifestyles and food consumption preferences of people, with more consumers shifting towards ready-to-eat and frozen food.
Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.
Further key findings from the report suggest:
- The convection segment is poised to account for half of the overall market value by 2022
- The grill microwave oven market is anticipated to be valued at around USD 4.50 billion by 2022
- In 2016, North America was the leading revenue contributor in the market, with a valuation of around USD 3.5 billion
- The household application segment accounted for a larger revenue share in 2016 and is likely to expand at a CAGR of around 3.0% over the forecast period
- The key players in the market include Robert Bosch GmbH, Haier Group Corporation, Hobart, Hamilton Beach, Middleby Corporation Company, Whirlpool Corporation, and Sharp Corporation.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Microwave oven - Industry snapshot and Critical Success Factors (CSFs)
CHAPTER 3. MICROWAVE OVEN INDUSTRY OUTLOOK
3.1. Market Segmentation
3.2. Market Size and Growth Prospects
3.3. Microwave Oven Value Chain Analysis
3.4. Microwave Oven Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.5. Key Opportunities Prioritized
3.6. Company market share analysis, 2014
3.7. Industry Analysis - Porter's
3.8. Microwave oven market PESTEL Analysis, 2014
CHAPTER 4. MICROWAVE OVEN PRODUCT OUTLOOK
4.1. Convection
4.1.1. Global market estimates and forecasts, 2012 - 2022
4.2. Grill
4.2.1. Global market estimates and forecasts, 2012 - 2022
4.3. Solo
4.3.1. Global market estimates and forecasts, 2012 - 2022
CHAPTER 5. MICROWAVE OVEN APPLICATION SEGMENT OUTLOOK
5.1. Commercial
5.1.1. Global market estimates and forecasts, 2012 - 2022
5.2. Household
5.2.1. Global market estimates and forecasts, 2012 - 2022
CHAPTER 6. MICROWAVE OVEN STRUCTURE OUTLOOK
6.1. Built-in
6.1.1. Global market estimates and forecasts, 2012 - 2022
6.2. Cook top
6.2.1. Global market estimates and forecasts, 2012 - 2022
CHAPTER 7. MICROWAVE OVEN REGIONAL OUTLOOK
7.1. North America
7.1.1. Microwave oven market by product, 2012 - 2022
7.1.2. Microwave oven market by application, 2012 - 2022
7.1.3. Microwave oven market by structure, 2012 - 2022
7.2. Europe
7.2.1. Microwave oven market by product, 2012 - 2022
7.2.2. Microwave oven market by application, 2012 - 2022
7.2.3. Microwave oven market by structure, 2012 - 2022
7.3. Asia Pacific
7.3.1. Microwave oven market by product, 2012 - 2022
7.3.2. Microwave oven market by application, 2012 - 2022
7.3.3. Microwave oven market by structure, 2012 - 2022
7.4. RoW
7.4.1. Microwave oven market by product, 2012 - 2022
7.4.2. Microwave oven market by application, 2012 - 2022
7.4.3. Microwave oven market by structure, 2012 - 2022
CHAPTER 8. COMPETITIVE LANDSCAPE
8.1. AB Electrolux
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Alto-Shaam
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Dongbu Daewoo Electronics
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Haier Group Corporation
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. LG Electronics
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Panasonic Corporation
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Robert Bosch GmbH
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Sharp Corporation
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. SMEG
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Whirlpool Corporation
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Microwave oven - Industry snapshot and Critical Success Factors (CSFs)
CHAPTER 3. MICROWAVE OVEN INDUSTRY OUTLOOK
3.1. Market Segmentation
3.2. Market Size and Growth Prospects
3.3. Microwave Oven Value Chain Analysis
3.4. Microwave Oven Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.5. Key Opportunities Prioritized
3.6. Company market share analysis, 2014
3.7. Industry Analysis - Porter's
3.8. Microwave oven market PESTEL Analysis, 2014
CHAPTER 4. MICROWAVE OVEN PRODUCT OUTLOOK
4.1. Convection
4.1.1. Global market estimates and forecasts, 2012 - 2022
4.2. Grill
4.2.1. Global market estimates and forecasts, 2012 - 2022
4.3. Solo
4.3.1. Global market estimates and forecasts, 2012 - 2022
CHAPTER 5. MICROWAVE OVEN APPLICATION SEGMENT OUTLOOK
5.1. Commercial
5.1.1. Global market estimates and forecasts, 2012 - 2022
5.2. Household
5.2.1. Global market estimates and forecasts, 2012 - 2022
CHAPTER 6. MICROWAVE OVEN STRUCTURE OUTLOOK
6.1. Built-in
6.1.1. Global market estimates and forecasts, 2012 - 2022
6.2. Cook top
6.2.1. Global market estimates and forecasts, 2012 - 2022
CHAPTER 7. MICROWAVE OVEN REGIONAL OUTLOOK
7.1. North America
7.1.1. Microwave oven market by product, 2012 - 2022
7.1.2. Microwave oven market by application, 2012 - 2022
7.1.3. Microwave oven market by structure, 2012 - 2022
7.2. Europe
7.2.1. Microwave oven market by product, 2012 - 2022
7.2.2. Microwave oven market by application, 2012 - 2022
7.2.3. Microwave oven market by structure, 2012 - 2022
7.3. Asia Pacific
7.3.1. Microwave oven market by product, 2012 - 2022
7.3.2. Microwave oven market by application, 2012 - 2022
7.3.3. Microwave oven market by structure, 2012 - 2022
7.4. RoW
7.4.1. Microwave oven market by product, 2012 - 2022
7.4.2. Microwave oven market by application, 2012 - 2022
7.4.3. Microwave oven market by structure, 2012 - 2022
CHAPTER 8. COMPETITIVE LANDSCAPE
8.1. AB Electrolux
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Alto-Shaam
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Dongbu Daewoo Electronics
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Haier Group Corporation
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. LG Electronics
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Panasonic Corporation
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Robert Bosch GmbH
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Sharp Corporation
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. SMEG
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Whirlpool Corporation
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
LIST OF TABLES
1. Microwave oven - Industry snapshot & key buying criteria, 2012 - 2022
2. Microwave oven market, 2012 - 2022 (USD Million)
3. Microwave oven market by region, 2012 - 2022 (USD Million)
4. Microwave oven market by product, 2012 - 2022 (USD Million)
5. Microwave oven market by application, 2012 - 2022 (USD Million)
6. Microwave oven market by structure, 2012 - 2022 (USD Million)
7. Global convection microwave market, 2012 - 2022 (USD Billion)
8. Global convection market by region, 2012 - 2022 (USD Million)
9. Global grill microwave market, 2012 - 2022 (USD Billion)
10. Global grill microwave market by region, 2012 - 2022 (USD Million)
11. Global solo microwave market, 2012 - 2022 (USD Million)
12. Global solo market by region, 2012 - 2022 (USD Million)
13. Global microwave oven demand in commercial, 2012 - 2022 (USD Billion)
14. Global microwave oven demand in commercial by region, 2012 - 2022 (USD Million)
15. Global microwave oven demand in household, 2012 - 2022 (USD Billion)
16. Global microwave oven demand in household by region, 2012 - 2022 (USD Million)
17. Global built-in market, 2012 - 2022 (USD Billion)
18. Global built-in market by region, 2012 - 2022 (USD Million)
19. Global counter top market, 2012 - 2022 (USD Billion)
20. Global counter top market by region, 2012 - 2022 (USD Million)
21. North America market by product, 2012 - 2022 (USD Million)
22. North America market by application, 2012 - 2022 (USD Million)
23. North America market by structure, 2012 - 2022 (USD Million)
24. Europe market by product, 2012 - 2022 (USD Million)
25. Europe market by application, 2012 - 2022 (USD Million)
26. Europe market by structure, 2012 - 2022 (USD Million)
27. Asia Pacific market by product, 2012 - 2022 (USD Million)
28. Asia Pacific market by application, 2012 - 2022 (USD Million)
29. Asia Pacific market by structure, 2012 - 2022 (USD Million)
30. RoW market by product, 2012 - 2022 (USD Million)
31. RoW market by application, 2012 - 2022 (USD Million)
32. RoW market by structure, 2012 - 2022 (USD Million)
1. Microwave oven - Industry snapshot & key buying criteria, 2012 - 2022
2. Microwave oven market, 2012 - 2022 (USD Million)
3. Microwave oven market by region, 2012 - 2022 (USD Million)
4. Microwave oven market by product, 2012 - 2022 (USD Million)
5. Microwave oven market by application, 2012 - 2022 (USD Million)
6. Microwave oven market by structure, 2012 - 2022 (USD Million)
7. Global convection microwave market, 2012 - 2022 (USD Billion)
8. Global convection market by region, 2012 - 2022 (USD Million)
9. Global grill microwave market, 2012 - 2022 (USD Billion)
10. Global grill microwave market by region, 2012 - 2022 (USD Million)
11. Global solo microwave market, 2012 - 2022 (USD Million)
12. Global solo market by region, 2012 - 2022 (USD Million)
13. Global microwave oven demand in commercial, 2012 - 2022 (USD Billion)
14. Global microwave oven demand in commercial by region, 2012 - 2022 (USD Million)
15. Global microwave oven demand in household, 2012 - 2022 (USD Billion)
16. Global microwave oven demand in household by region, 2012 - 2022 (USD Million)
17. Global built-in market, 2012 - 2022 (USD Billion)
18. Global built-in market by region, 2012 - 2022 (USD Million)
19. Global counter top market, 2012 - 2022 (USD Billion)
20. Global counter top market by region, 2012 - 2022 (USD Million)
21. North America market by product, 2012 - 2022 (USD Million)
22. North America market by application, 2012 - 2022 (USD Million)
23. North America market by structure, 2012 - 2022 (USD Million)
24. Europe market by product, 2012 - 2022 (USD Million)
25. Europe market by application, 2012 - 2022 (USD Million)
26. Europe market by structure, 2012 - 2022 (USD Million)
27. Asia Pacific market by product, 2012 - 2022 (USD Million)
28. Asia Pacific market by application, 2012 - 2022 (USD Million)
29. Asia Pacific market by structure, 2012 - 2022 (USD Million)
30. RoW market by product, 2012 - 2022 (USD Million)
31. RoW market by application, 2012 - 2022 (USD Million)
32. RoW market by structure, 2012 - 2022 (USD Million)
LIST OF FIGURES
1. Microwave oven market segmentation
2. Global microwave oven market, 2012 - 2022 (USD Billion)
3. Microwave oven value chain analysis
4. Microwave oven market dynamics
5. Key opportunities prioritized
6. Microwave oven - Porter’s analysis
7. Microwave oven PESTEL analysis
8. Microwave oven market share by product, 2014 & 2022
9. Global convection microwave market, 2012 - 2022 (USD Billion)
10. Global grill microwave market, 2012 - 2022 (USD Billion)
11. Global solo microwave market, 2012 - 2022 (USD Billion)
12. Microwave oven market share by application, 2014 & 2022
13. Global microwave oven demand in commercial, 2012 - 2022 (USD Billion)
14. Global microwave oven demand in household, 2012 - 2022 (USD Billion)
15. Microwave oven market share by structure, 2014 & 2022
16. Global built-in market, 2012 - 2022 (USD Billion)
17. Global counter top market, 2012 - 2022 (USD Billion)
18. Microwave oven market share by region, 2014 & 2022
19. North America market by product, 2012 - 2022 (USD Billion)
20. North America market by application, 2012 - 2022 (USD Billion)
21. North America market by structure, 2012 - 2022 (USD Billion)
22. Europe market by product, 2012 - 2022 (USD Billion)
23. Europe market by application, 2012 - 2022 (USD Billion)
24. Europe market by structure, 2012 - 2022 (USD Billion)
25. Asia Pacific market by product, 2012 - 2022 (USD Billion)
26. Asia Pacific market by application, 2012 - 2022 (USD Billion)
27. Asia Pacific market by structure, 2012 - 2022 (USD Billion)
28. RoW market by product, 2012 - 2022 (USD Billion)
29. RoW market by application (USD Million), 2012 - 2022
30. RoW market by structure, 2012 - 2022 (USD Billion)
1. Microwave oven market segmentation
2. Global microwave oven market, 2012 - 2022 (USD Billion)
3. Microwave oven value chain analysis
4. Microwave oven market dynamics
5. Key opportunities prioritized
6. Microwave oven - Porter’s analysis
7. Microwave oven PESTEL analysis
8. Microwave oven market share by product, 2014 & 2022
9. Global convection microwave market, 2012 - 2022 (USD Billion)
10. Global grill microwave market, 2012 - 2022 (USD Billion)
11. Global solo microwave market, 2012 - 2022 (USD Billion)
12. Microwave oven market share by application, 2014 & 2022
13. Global microwave oven demand in commercial, 2012 - 2022 (USD Billion)
14. Global microwave oven demand in household, 2012 - 2022 (USD Billion)
15. Microwave oven market share by structure, 2014 & 2022
16. Global built-in market, 2012 - 2022 (USD Billion)
17. Global counter top market, 2012 - 2022 (USD Billion)
18. Microwave oven market share by region, 2014 & 2022
19. North America market by product, 2012 - 2022 (USD Billion)
20. North America market by application, 2012 - 2022 (USD Billion)
21. North America market by structure, 2012 - 2022 (USD Billion)
22. Europe market by product, 2012 - 2022 (USD Billion)
23. Europe market by application, 2012 - 2022 (USD Billion)
24. Europe market by structure, 2012 - 2022 (USD Billion)
25. Asia Pacific market by product, 2012 - 2022 (USD Billion)
26. Asia Pacific market by application, 2012 - 2022 (USD Billion)
27. Asia Pacific market by structure, 2012 - 2022 (USD Billion)
28. RoW market by product, 2012 - 2022 (USD Billion)
29. RoW market by application (USD Million), 2012 - 2022
30. RoW market by structure, 2012 - 2022 (USD Billion)
