Microwave Oven Industry Analysis

Surging demand for frozen precooked ready to eat food changing eating preferences lifestyles and rising disposable income of consumers are among the key trends escalating market growth.

Microwave oven industry analysis.

2011 market sales 13 8 lac units the world market for microwave ovens is projected to reach 72 5 million units by the year 2015. Microwave ovens in the us consumer marketplace are estimated at 117 000 000. Microwave oven market is segmented by product type application structure and country. The report includes the analysis of impact of covid 19 lock down on the revenue of market leaders followers and disrupters.

Global microwave oven market. In addition it defines the size and share of the market and its segments to deduce the top. Increased propensity of consumers to spend on premium and advanced kitchen appliances has led to the growth of the microwave oven market. An average life expectancy of a microwave oven is 9 years.

Table 12 1 shows industry data of consumer ovens sold over the last 13 years association of home appliance manufacturers aham shipments ending in 2017. Global microwave oven market is expected to reach us 21 23 billion by 2026 from us xx billion in 2019 at cagr of xx. The report is a complete analysis assessing the pricing trends market consumption and sales forecasts. This report on global smart microwave oven market details about the market size market growth rate and global forecast for the next five years i e.

It is anticipated to expand at a cagr of 2 8 over the forecast period. By product type microwave oven market is divided into grill solo and convection microwave ovens. Microwave ovens have high penetration rate in north america. Global microwave oven market.

It carefully studies the vital aspects influencing the industry expansion such as growth drivers challenges and opportunities. North america microwave oven market is expected to reach us xx billion by 2026 from us xx billion in 2017 at cagr of 6 3. Microwave oven market has witnessed rapid growth in developing regions such as apac. Some 96 of households have at least one microwave oven.

North america the u s. In the u s around 90 households own a microwave oven. In 2008 survey showed that microwave ovens currently has about 1 billion users the domestic rate of urban households have more than 95. Ready to use microwave oven market global industry analysis trends and forecast 2019 2021 march 17 2020 by email protected microwave oven market 2018 report provides an in depth summary of microwave oven market status as well as product specification technology development and key manufacturers.

This study covers the competitive landscape by profiling the major market players. The inverter microwave oven market research report comprises an in depth analysis of this industry vertical with expert viewpoints on the previous and current business setup. Ltd sharp corporation hoover limited lg electronics inc electrolux ab and alto shaam inc are among others.