Press release
Global Residential Microwave Oven Market Expected To Grow At CAGR Of 6.73% Between Years 2018-2022
Residential regular microwave ovens are convection, over-the-range or built-in, countertop microwave ovens. Counter-top microwave ovens are placed on the kitchen shelf and are best suitable for bigger and wider kitchen whereas built-in microwave oven is placed between the cabinets and do not take up space from the kitchen counter and are best suitable for modular kitchen and smaller kitchens. Manufacturers have come up with customizable panels of microwave ovens and are available in various designs and features like smart connectivity. The penetration of these ovens is also very high as they are priced low. The residential microwave oven market is moderately fragmented due to the presence of several international and regional players. Key residential microwave oven manufactures offer a diverse portfolio of innovative products.
Technavios analysts forecast the global residential microwave oven market to grow at a CAGR of 6.73% during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global residential microwave oven market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of residential microwave oven.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Residential Microwave Oven Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Electrolux
Haier
LG Electronics
Panasonic Corporation
Robert Bosch
Whirlpool Corporation
Other prominent vendors
Foxconn
Samsung
The Middleby Corporation
Group SEB
Midea Group
SMEG
FELIX STORCH INC
Market driver
Product superiority and advantages over other ovens
For a full, detailed list, view our report
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Market trend
Easy compatibility and portability of these ovens
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Market outline
PART 05: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 06: MARKET SIZING
Global residential microwave oven market
Market sizing
Market size and forecast
PART 07: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
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PART 08: MARKET SEGMENTATION BY PRODUCT
Global residential microwave oven market by product
Comparison by Product
Global residential regular microwave oven
Global residential microwave combination oven
Market opportunity by product
PART 09: MARKET SEGMENTATION BY TECHNOLOGY
Global residential microwave oven market by technology
Comparison by technology
Global market for residential microwave oven without smart connectivity market
Global market for residential microwave oven with smart connectivity market
Market opportunity by technology
PART 10: MARKET SEGMENTATION BY DOOR TYPE
Global residential microwave oven market by door type
PART 11: MARKET SEGMENTATION BY INSTALLATION TYPE
Global residential microwave oven market by installation type
PART 12: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Global residential microwave oven market by distribution channel
Global residential microwave oven market through offline distribution channel
Global residential microwave oven market through online distribution channel
PART 13: CUSTOMER LANDSCAPE
PART 14: REGIONAL LANDSCAPE
Global residential microwave oven market by geography
Regional comparison
Global residential microwave oven market in Americas
Global residential microwave ovens market in EMEA
Global residential microwave oven market in APAC
Key leading countries
Market opportunity by region
PART 15: DECISION FRAMEWORK
PART 16: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 17: MARKET TRENDS
Increase in focus on multiple features and aesthetic appeal of microwave ovens
Compatibility, portability, and fit for every lifestyle
Integration of smart connectivity and IoT
Multi-cooking functionality of microwave steam ovens
PART 18: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
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