Market Overview

The Global Microwave Ovens Market 2012-2018 Forecast to 2022 - Grill Microwave Ovens Anticipated to Be Valued at ~$4.5 Billion by 2022 - ResearchAndMarkets.com

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The "Microwave
Oven Market Size, Share & Trends Analysis Report By Product (Convection,
Grill, Solo), By Application (Commercial, Household), By Structure
(Built-in, Counter top), By Region, And Segment Forecasts, 2012 - 2022"

report has been added to ResearchAndMarkets.com's
offering.

The global microwave oven market size is anticipated to reach USD 12.7
billion by 2022, rising at a CAGR of 2.8% during the forecast period.
Improving standard of living of consumers, growing number of nuclear
families, and increasing demand for frozen and ready-to-eat food are
some of the key factors stimulating market growth.

Growing number of working women and preoccupied schedule of people in
urban cities are likely to fuel the demand for ovens. A large part of
new households comprises working singles who prefer to dine out rather
than setting up their kitchen. This may be a drawback for the
residential appliance market. However, this trend is estimated to boost
the culture of quick service restaurants, cafes, and small eateries,
which in turn will work in favor of the market.

Robust growth of the hospitality sector and rising catering contracts
for large-scale functions, seminars, and other social gatherings are
also expected to stir up the demand for commercial appliances over the
forecast period. In case of the residential application segment, the
most significant driver is the changing lifestyles and food consumption
preferences of people, with more consumers shifting towards ready-to-eat
and frozen food.

Macroeconomic factors such as growing population, rising disposable
income of consumers, and increasing awareness of different cooking media
such as microwave oven, grills, and barbeques are projected to impact
the market positively.

Key Findings

  • The convection segment is poised to account for half of the overall
    market value by 2022.
  • The grill microwave oven market is anticipated to be valued at around
    USD 4.5 billion by 2022.
  • The household application segment accounted for a larger revenue share
    in 2016 and is likely to expand at a CAGR of around 3% over the
    forecast period.

Key Topics Covered

Chapter 1. Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. Microwave oven Industry Outlook

Chapter 4. Microwave Oven Product Outlook

Chapter 5. Microwave Oven Application Segment Outlook

Chapter 6. Microwave Oven Structure Outlook

Chapter 7. Microwave Oven Regional Outlook

Chapter 8. Competitive Landscape - Company Profiles

  • AB Electrolux
  • Alto-Shaam
  • Dongbu Daewoo Electronics
  • Haier Group Corporation
  • LG Electronics
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Sharp Corporation
  • SMEG
  • Whirlpool Corporation

For more information about this report visit https://www.researchandmarkets.com/research/rsqgnf/the_global?w=4

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