Microwave Oven Industry Analysis

Microwave oven market has witnessed rapid growth in developing regions such as apac.

Microwave oven industry analysis.

An average life expectancy of a microwave oven is 9 years. North america the u s. The report includes the analysis of impact of covid 19 lock down on the revenue of market leaders followers and disrupters. 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. Global microwave oven market. 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. Some of the most important market players in the global microwave oven market are illinois tool works inc guangdong galanz enterprises co.

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. 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 carefully studies the vital aspects influencing the industry expansion such as growth drivers challenges and opportunities. In addition it defines the size and share of the market and its segments to deduce the top.

The report is a complete analysis assessing the pricing trends market consumption and sales forecasts. Global microwave oven market is expected to reach us 21 23 billion by 2026 from us xx billion in 2019 at cagr of xx. In 2008 survey showed that microwave ovens currently has about 1 billion users the domestic rate of urban households have more than 95. Ltd sharp corporation hoover limited lg electronics inc electrolux ab and alto shaam inc are among others.

Global microwave oven market. 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. 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 ovens have high penetration rate in north america.

The global microwave oven market size was valued at usd 10 67 billion in 2016. In the u s around 90 households own a microwave oven. The asia pacific china. Microwave oven market is segmented by product type application structure and country.

This study covers the competitive landscape by profiling the major market players. By product type microwave oven market is divided into grill solo and convection microwave ovens. It is anticipated to expand at a cagr of 2 8 over the forecast period.