Product Code: IRTNTR75798
The residential microwave oven market is forecasted to grow by USD 5706.9 mn during 2023-2028, accelerating at a CAGR of 8.8% during the forecast period. The report on the residential microwave oven market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing disposable income of consumers, enhanced product safety features in microwaves, and growing demand for time-efficient cooking methods.
Technavio's residential microwave oven market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.49% |
CAGR | 8.8% |
Incremental Value | $5706.9 mn |
By Type
- Countertop microwave oven
- Built-in microwave oven
By Product
- Microwave oven without smart connectivity
- Microwave oven with smart connectivity
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing focus of vendors on new product innovations as one of the prime reasons driving the residential microwave oven market growth during the next few years. Also, portability, compatibility, and fit for every lifestyle and growing demand for smart appliances will lead to sizable demand in the market.
The report on the residential microwave oven market covers the following areas:
- Residential microwave oven market sizing
- Residential microwave oven market forecast
- Residential microwave oven market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential microwave oven market vendors that include Alto Shaam Inc., Brandt Group, Breville Group Ltd., Daewoo Electricals, Electrolux group, Felix Storch Inc., Haier Smart Home Co. Ltd., LG Electronics Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Shandong Qingneng Power Co. Ltd., Sharp Corp., Smeg S.p.a., Techtronic Industries Co. Ltd., The Middleby Corp., and Whirlpool Corp.. Also, the residential microwave oven market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Residential Microwave Oven Market 2018 - 2022
- Historic Market Size - Data Table on Global Residential Microwave Oven Market 2018 - 2022 ($ million)
- 4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 6.3 Countertop microwave oven - Market size and forecast 2023-2028
- Chart on Countertop microwave oven - Market size and forecast 2023-2028 ($ million)
- Data Table on Countertop microwave oven - Market size and forecast 2023-2028 ($ million)
- Chart on Countertop microwave oven - Year-over-year growth 2023-2028 (%)
- Data Table on Countertop microwave oven - Year-over-year growth 2023-2028 (%)
- 6.4 Built-in microwave oven - Market size and forecast 2023-2028
- Chart on Built-in microwave oven - Market size and forecast 2023-2028 ($ million)
- Data Table on Built-in microwave oven - Market size and forecast 2023-2028 ($ million)
- Chart on Built-in microwave oven - Year-over-year growth 2023-2028 (%)
- Data Table on Built-in microwave oven - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 7.3 Microwave oven without smart connectivity - Market size and forecast 2023-2028
- Chart on Microwave oven without smart connectivity - Market size and forecast 2023-2028 ($ million)
- Data Table on Microwave oven without smart connectivity - Market size and forecast 2023-2028 ($ million)
- Chart on Microwave oven without smart connectivity - Year-over-year growth 2023-2028 (%)
- Data Table on Microwave oven without smart connectivity - Year-over-year growth 2023-2028 (%)
- 7.4 Microwave oven with smart connectivity - Market size and forecast 2023-2028
- Chart on Microwave oven with smart connectivity - Market size and forecast 2023-2028 ($ million)
- Data Table on Microwave oven with smart connectivity - Market size and forecast 2023-2028 ($ million)
- Chart on Microwave oven with smart connectivity - Year-over-year growth 2023-2028 (%)
- Data Table on Microwave oven with smart connectivity - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Alto-Shaam Inc.
- Alto-Shaam Inc. - Overview
- Alto-Shaam Inc. - Product / Service
- Alto-Shaam Inc. - Key offerings
- 12.4 Brandt Group
- Brandt Group - Overview
- Brandt Group - Product / Service
- Brandt Group - Key offerings
- 12.5 Daewoo Electricals
- Daewoo Electricals - Overview
- Daewoo Electricals - Product / Service
- Daewoo Electricals - Key offerings
- 12.6 Electrolux AB
- Electrolux AB - Overview
- Electrolux AB - Business segments
- Electrolux AB - Key news
- Electrolux AB - Key offerings
- Electrolux AB - Segment focus
- 12.7 Felix Storch Inc.
- Felix Storch Inc. - Overview
- Felix Storch Inc. - Product / Service
- Felix Storch Inc. - Key offerings
- 12.8 Haier Smart Home Co. Ltd.
- Haier Smart Home Co. Ltd. - Overview
- Haier Smart Home Co. Ltd. - Business segments
- Haier Smart Home Co. Ltd. - Key news
- Haier Smart Home Co. Ltd. - Key offerings
- Haier Smart Home Co. Ltd. - Segment focus
- 12.9 LG Electronics Inc.
- LG Electronics Inc. - Overview
- LG Electronics Inc. - Product / Service
- LG Electronics Inc. - Key news
- LG Electronics Inc. - Key offerings
- 12.10 Panasonic Holdings Corp.
- Panasonic Holdings Corp. - Overview
- Panasonic Holdings Corp. - Business segments
- Panasonic Holdings Corp. - Key news
- Panasonic Holdings Corp. - Key offerings
- Panasonic Holdings Corp. - Segment focus
- 12.11 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
- 12.12 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
- 12.13 Shandong Qingneng Power Co. Ltd.
- Shandong Qingneng Power Co. Ltd. - Overview
- Shandong Qingneng Power Co. Ltd. - Product / Service
- Shandong Qingneng Power Co. Ltd. - Key offerings
- 12.14 Sharp Corp.
- Sharp Corp. - Overview
- Sharp Corp. - Business segments
- Sharp Corp. - Key news
- Sharp Corp. - Key offerings
- Sharp Corp. - Segment focus
- 12.15 Smeg S.p.a.
- Smeg S.p.a. - Overview
- Smeg S.p.a. - Product / Service
- Smeg S.p.a. - Key offerings
- 12.16 Techtronic Industries Co. Ltd.
- Techtronic Industries Co. Ltd. - Overview
- Techtronic Industries Co. Ltd. - Business segments
- Techtronic Industries Co. Ltd. - Key news
- Techtronic Industries Co. Ltd. - Key offerings
- Techtronic Industries Co. Ltd. - Segment focus
- 12.17 Whirlpool Corp.
- Whirlpool Corp. - Overview
- Whirlpool Corp. - Business segments
- Whirlpool Corp. - Key news
- Whirlpool Corp. - Key offerings
- Whirlpool Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations