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Global Residential Microwave Oven Market 2018-2022

Global Residential Microwave Oven Market 2018-2022

About Residential Microwave Oven

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.

Technavio’s analysts forecast the global residential microwave oven market to grow at a CAGR of 6.73% during the period 2018-2022.

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
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?


Technavio Announces the Publication of its Research Report – Global Residential Microwave Oven Market 2018-2022

Technavio recognizes the following companies as the key players in the global residential microwave oven market: Electrolux, Haier, LG Electronics, Panasonic Corporation, Robert Bosch, and Whirlpool Corporation.

Other Prominent Vendors in the market are: Foxconn, Samsung, The Middleby Corporation, Group SEB, Midea Group, SMEG, and FELIX STORCH INC.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is easy compatibility and portability of these ovens. With the growing population of working individuals, the demand for quick and convenient cooking is increasing. To cater to the growing consumer demand, the manufacturers are developing residential combination steam-ovens that offer advantageous features such as multiple cooking, smart connectivity, steam cleaning, and more. Moreover, these ovens use steam for cooking while locking the moisture and nutrients.”

According to the report, one of the major drivers for this market is product superiority and advantages over other ovens. Manufacturers in the microwave convection oven market are extensively developing technologically-advanced products at a very fast pace. Microwave ovens offer better functionality while consuming significantly lesser amount of energy and electricity. In addition to technological advancements, manufacturers are also focusing on enhancing the safety of microwave ovens to protect both adults and children. This led to the introduction of microwave ovens equipped with auto-switch off buttons that protect children from unintentional use.

Companies Mentioned

Electrolux, Haier, LG Electronics, Panasonic Corporation, Robert Bosch, Whirlpool Corporation, Foxconn, Samsung, The Middleby Corporation, Group SEB, Midea Group, SMEG, and FELIX STORCH INC.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global cooking appliances market 2017 (% share of revenue)
  • Market landscape
    • Market ecosystem
      • Table Global residential cooking appliances market 2017
      • Table Global residential cooking appliances market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Global residential microwave oven market
      • Table Market definition - inclusions and exclusions checklist
    • Market sizing
      • Table Global residential microwave oven market 2017
      • Table Validation techniques employed for market sizing – 2017
    • Market size and forecast
      • Table Global residential microwave oven market 2017-2022 ($ billions)
      • Table Global residential microwave oven market 2018-2022 (year-on-year growth %)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Global residential microwave oven market by product
      • Table Global residential microwave oven market: Segmentation by product 2017-2022 (% share of revenue)
    • Comparison by Product
      • Table Comparison by product
    • Global residential regular microwave oven
      • Table Global residential regular microwave oven market 2017-2022 ($ billions)
      • Table Global residential regular microwave oven market 2018-2022 (year-on-year growth %)
    • Global residential microwave combination oven
      • Table Global residential microwave combination oven 2017-2022 ($ billions)
      • Table Global residential microwave combination oven 2018-2022 (year-on-year growth %)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by technology
    • Global residential microwave oven market by technology
      • Table Global residential microwave oven market: Segmentation by technology 2017-2022 (% share of revenue)
    • Comparison by technology
      • Table Comparison by technology
    • Global market for residential microwave oven without smart connectivity market
      • Table Global market for residential microwave oven without smart connectivity market 2017- 2022 ($ billions)
      • Table Global market for residential microwave oven without smart connectivity market 2018-2022 (year-on-year growth %)
    • Global market for residential microwave oven with smart connectivity market
      • Table Global market for residential microwave oven with smart connectivity market 2017-2022 ($ billions)
      • Table Global residential microwave oven with smart connectivity 2018-2022 (year-on-year growth %)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Market segmentation by door type
    • Global residential microwave oven market by door type
      • Table Global residential microwave oven market: Segmentation by door type 2017 (% share of revenue)
  • Market segmentation by installation type
    • Global residential microwave oven market by installation type
      • Table Global residential microwave oven market: Segmentation by installation type 2017 (% share of revenue)
  • Market segmentation by distribution channel
    • Global residential microwave oven market by distribution channel
      • Table Global residential microwave oven market: Segmentation by distribution channel 2017 (% share of revenue)
    • Global residential microwave oven market through offline distribution channel
      • Table Global residential microwave oven market through offline distribution channel 2017 (% share of revenue)
    • Global residential microwave oven market through online distribution channel
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Global residential microwave oven market by geography
      • Table Global residential microwave oven market: Segmentation by geography 2017-2022 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Global residential microwave oven market in Americas
      • Table Global residential microwave oven market in Americas 2017-2022 ($ billions)
      • Table Global residential microwave oven market in Americas 2018-2022 (year-on-year growth %)
      • Table Top 3 countries in Americas
    • Global residential microwave ovens market in EMEA
      • Table Global residential microwave ovens market in EMEA 2017-2022 ($ billions)
      • Table Global residential microwave ovens market in EMEA 2018-2022 (year-on-year growth %)
      • Table Top 3 countries in EMEA
    • Global residential microwave oven market in APAC
      • Table Global residential microwave ovens market in APAC 2017-2022 ($ billions)
      • Table Global residential microwave ovens market in APAC 2018-2022 (year-on-year growth %)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by region
      • Table Market opportunity by region
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Electrolux
      • Table Electrolux – Overview
      • Table Electrolux - Business segments
      • Table Electrolux - Recent organizational developments 2016 and 2017
      • Table Electrolux - Geographic focus (2017)
      • Table Electrolux - Segment focus 2017
      • Table Electrolux - Key offerings
    • Haier
      • Table Haier – Overview
      • Table Haier - Business segments
      • Table Haier - Recent organizational developments 2016 and 2017
      • Table Haier - Geographic focus 2017
      • Table Haier - Segment focus 2017
      • Table Haier - Key offerings
    • LG Electronics
      • Table LG Electronics – Overview
      • Table LG Electronics - Business segments
      • Table LG Electronics - Recent organizational developments 2016 and 2017
      • Table LG Electronics - Geographic focus 2017
      • Table LG Electronics - Segment focus 2017
      • Table LG Electronics - Key offerings
    • Panasonic Corporation
      • Table Panasonic Corporation – Overview
      • Table Panasonic Corporation - Business segments
      • Table Panasonic Corporation - Recent organizational developments 2016 and 2017
      • Table Panasonic Corporation - Geographic focus 2017
      • Table Panasonic Corporation - Segment focus 2017
      • Table Panasonic Corporation - Key offerings
    • Robert Bosch
      • Table Robert Bosch – Overview
      • Table Robert Bosch - Business segments
      • Table Robert Bosch - Recent organizational developments 2016 and 2017
      • Table Robert Bosch - Geographic focus 2017
      • Table Robert Bosch - Segment focus 2017
      • Table Robert Bosch - Key offerings
    • Whirlpool Corporation
      • Table Whirlpool Corporation – Overview
      • Table Whirlpool Corporation - Business segments
      • Table Whirlpool Corporation - Recent organizational developments 2016 and 2017
      • Table Whirlpool Corporation - Geographic focus 2017
      • Table Whirlpool Corporation - Segment focus 2017
      • Table Whirlpool Corporation - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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