Market Overview:
The global combination microwave ovens market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience and healthy food options, rising disposable income, and technological advancements in combination microwave ovens. Based on type, the global combination microwave ovens market can be segmented into under 1 cu. ft type, 1 to 1.5 cu. ft type, and over 1.5 cu.
Product Definition:
A combination microwave oven is a single appliance that houses both a microwave and an oven. They are often used to cook smaller items or reheat food, as the microwaves heat quickly and the ovens provide even heat distribution. Combination microwave ovens have become increasingly popular in recent years due to their space-saving design and versatility.
Under 1 Cu. Ft Type:
Under 1 cu. ft type is used for small food industries and R&D laboratories which require less than 1 cu. ft capacity microwave ovens. The growth factor in combination microwave oven market is expected to drive under 1 cu.
1 to 1.5 Cu. Ft Type:
1 to 1.5 cu. ft Type is used in combination microwave ovens which have a cooking range between 500 W and 1000 W power rating. It has the ability to cook food for four to six people at a time with its moderate size as compared to smaller models and also has an added advantage of being able to fit in larger sized foods such as turkeys, roasts, etc.
Application Insights:
The household use application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the increasing number of consumers opting for energy-efficient products. Furthermore, government initiatives such as ¢â‚¬Å“Housing For All¢â‚¬ are expected to boost product demand in the residential sector across developing countries including India and China.
Commercial use microwaves ovens are used by food processing industries, hospitals and hotels on a commercial scale owing to their high performance and efficiency. These devices help save energy as compared to conventional cooking methods while delivering even heating throughout the food mass thus boosting their adoption across various end-use segments over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing product penetration and rising demand for convenient food preparation techniques from consumers, particularly in developing countries such as India and China. In addition, growing commercial construction activities are also anticipated to drive regional growth during the forecast period.
North America is projected to witness significant growth over the coming years owing to increasing awareness regarding health benefits associated with microwave ovens coupled with high disposable income of consumers in this region. Moreover, presence of key manufacturers including Whirlpool Corporation; Maytag Corporation; KitchenAid Inc.; Bosch Ltd.; LG Electronics Inc.; Samsung Group Co., Ltd; and Panasonic Corporation will boost industry expansion over the next eight years or so till 2030 AD (Year-on-Date).
Growth Factors:
- Increasing demand for convenience and time-saving appliances in the kitchen
- Rising popularity of multi-functional appliances that can save space in the kitchen
- Growing trend of "smart home" technology and the connected kitchen
- Advances in microwave technology that are making them more versatile and energy efficient
- Increasing number of single-person households, which is driving demand for smaller, more compact appliances
Scope Of The Report
Report Attributes
Report Details
Report Title
Combination Microwave Ovens Market Research Report
By Type
Under 1 Cu. Ft Type, 1 to 1.5 Cu. Ft Type, Over 1.5 Cu. Ft Type
By Application
Household Use, Commercial Use
By Companies
Galanz, Midea, Panasonic, SHARP, Whirlpool, Electrolux, Siemens, GE(Haier), LG, Samsung, Toshiba, Bosch, Breville
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Combination Microwave Ovens Market Report Segments:
The global Combination Microwave Ovens market is segmented on the basis of:
Types
Under 1 Cu. Ft Type, 1 to 1.5 Cu. Ft Type, Over 1.5 Cu. Ft Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Galanz
- Midea
- Panasonic
- SHARP
- Whirlpool
- Electrolux
- Siemens
- GE(Haier)
- LG
- Samsung
- Toshiba
- Bosch
- Breville
Highlights of The Combination Microwave Ovens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under 1 Cu. Ft Type
- 1 to 1.5 Cu. Ft Type
- Over 1.5 Cu. Ft Type
- By Application:
- Household Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Combination Microwave Ovens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Combination microwaves are ovens that have both a microwave and an oven. This allows you to cook food in either the microwave or the oven at the same time.
Some of the major companies in the combination microwave ovens market are Galanz, Midea, Panasonic, SHARP, Whirlpool, Electrolux, Siemens, GE(Haier), LG, Samsung, Toshiba, Bosch, Breville.
The combination microwave ovens market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Combination Microwave Ovens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Combination Microwave Ovens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Combination Microwave Ovens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Combination Microwave Ovens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Combination Microwave Ovens Market Size & Forecast, 2018-2028
4.5.1 Combination Microwave Ovens Market Size and Y-o-Y Growth
4.5.2 Combination Microwave Ovens Market Absolute $ Opportunity
Chapter 5 Global Combination Microwave Ovens Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Combination Microwave Ovens Market Size Forecast by Type
5.2.1 Under 1 Cu. Ft Type
5.2.2 1 to 1.5 Cu. Ft Type
5.2.3 Over 1.5 Cu. Ft Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Combination Microwave Ovens Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Combination Microwave Ovens Market Size Forecast by Applications
6.2.1 Household Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Combination Microwave Ovens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Combination Microwave Ovens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Combination Microwave Ovens Analysis and Forecast
9.1 Introduction
9.2 North America Combination Microwave Ovens Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Combination Microwave Ovens Market Size Forecast by Type
9.6.1 Under 1 Cu. Ft Type
9.6.2 1 to 1.5 Cu. Ft Type
9.6.3 Over 1.5 Cu. Ft Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Combination Microwave Ovens Market Size Forecast by Applications
9.10.1 Household Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Combination Microwave Ovens Analysis and Forecast
10.1 Introduction
10.2 Europe Combination Microwave Ovens Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Combination Microwave Ovens Market Size Forecast by Type
10.6.1 Under 1 Cu. Ft Type
10.6.2 1 to 1.5 Cu. Ft Type
10.6.3 Over 1.5 Cu. Ft Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Combination Microwave Ovens Market Size Forecast by Applications
10.10.1 Household Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Combination Microwave Ovens Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Combination Microwave Ovens Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Combination Microwave Ovens Market Size Forecast by Type
11.6.1 Under 1 Cu. Ft Type
11.6.2 1 to 1.5 Cu. Ft Type
11.6.3 Over 1.5 Cu. Ft Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Combination Microwave Ovens Market Size Forecast by Applications
11.10.1 Household Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Combination Microwave Ovens Analysis and Forecast
12.1 Introduction
12.2 Latin America Combination Microwave Ovens Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Combination Microwave Ovens Market Size Forecast by Type
12.6.1 Under 1 Cu. Ft Type
12.6.2 1 to 1.5 Cu. Ft Type
12.6.3 Over 1.5 Cu. Ft Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Combination Microwave Ovens Market Size Forecast by Applications
12.10.1 Household Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Combination Microwave Ovens Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Combination Microwave Ovens Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Combination Microwave Ovens Market Size Forecast by Type
13.6.1 Under 1 Cu. Ft Type
13.6.2 1 to 1.5 Cu. Ft Type
13.6.3 Over 1.5 Cu. Ft Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Combination Microwave Ovens Market Size Forecast by Applications
13.10.1 Household Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Combination Microwave Ovens Market: Competitive Dashboard
14.2 Global Combination Microwave Ovens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Galanz
14.3.2 Midea
14.3.3 Panasonic
14.3.4 SHARP
14.3.5 Whirlpool
14.3.6 Electrolux
14.3.7 Siemens
14.3.8 GE(Haier)
14.3.9 LG
14.3.10 Samsung
14.3.11 Toshiba
14.3.12 Bosch
14.3.13 Breville
