The global residential microwave oven market is forecasted to grow at a CAGR of 6.73% during the period 2018-2022


LONDON, Jan. 3, 2018 /PRNewswire/ --

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.

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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

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

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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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